4 PROJECTS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
4 PROJECTS
Largest movements
- Cash -€4,086
down €4,086 (-3.0%), from €136,879 to €132,794
mainly Net result for the year (-€5,286)
- Profit (loss) carried forward -€5,286
down €5,286 (-0.3%), from -€1.6m to -€1.6m
- Gross operating margin +€5,740
up €5,740 (+57.2%), from -€10,032 to -€4,292
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,879 | €132,794 | -€4,086 | -3.0% |
| Current assets | 29/58 | €136,879 | €132,794 | -€4,086 | -3.0% |
| Cash at bank and in hand | 54/58 | €136,879 | €132,794 | -€4,086 | -3.0% |
| Total equity and liabilities | 10/49 | €136,879 | €132,794 | -€4,086 | -3.0% |
| Equity | 10/15 | €134,079 | €128,794 | -€5,286 | -3.9% |
| Contributions | 10/11 | €1,762,500 | €1,762,500 | = | 0.0% |
| Capital | 10 | €1,762,500 | €1,762,500 | = | 0.0% |
| Issued capital | 100 | €1,762,500 | €1,762,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,628,421 | -€1,633,706 | -€5,286 | -0.3% |
| Amounts payable | 17/49 | €2,800 | €4,000 | +€1,200 | +42.9% |
| Accrued charges and deferred income | 492/3 | €2,800 | €4,000 | +€1,200 | +42.9% |
| Other operating charges | 640/8 | €737 | €644 | -€94 | -12.7% |
| Gross operating margin | 9900 | -€10,032 | -€4,292 | +€5,740 | +57.2% |
| Operating profit (loss) | 9901 | -€10,769 | -€4,935 | +€5,834 | +54.2% |
| Financial charges | 65/66B | €274 | €350 | +€77 | +27.9% |
| Recurring financial charges | 65 | €274 | €350 | +€77 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,043 | -€5,286 | +€5,758 | +52.1% |
| Profit (loss) for the period | 9904 | -€11,043 | -€5,286 | +€5,758 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,043 | -€5,286 | +€5,758 | +52.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.