A L PROJEKT: what changed
Two financial 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.
A L PROJEKT
Largest movements
- Cash -€19,134
down €19,134 (-16.5%), from €115,886 to €96,752
mainly Investment in fixed assets (net) (-€23,063) and Short-term financial debts (-€20,000)
- Tangible fixed assets +€13,752
up €13,752 (+847%), from €1,623 to €15,375
of which Furniture and vehicles: +€15,375
- Receivables within one year +€2,329
up €2,329 (+50.0%), from €4,659 to €6,988
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Other debts +€18,617
up €18,617 (+334%), from €5,576 to €24,193
- Tax, wage and social debts -€1,850
down €1,850 (-34.0%), from €5,443 to €3,593
of which Taxes: -€1,899
- Gross operating margin +€32,782
up €32,782, from -€13,503 to €19,279
- Depreciation +€5,991
up €5,991 (+180%), from €3,320 to €9,311
- Staff costs +€251
up €251 (+3.1%), from €8,081 to €8,332
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.
Derived cash bridge
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 | €123,035 | €119,228 | -€3,807 | -3.1% |
| Fixed assets | 21/28 | €1,623 | €15,375 | +€13,752 | +847% |
| Tangible fixed assets | 22/27 | €1,623 | €15,375 | +€13,752 | +847% |
| Furniture and vehicles | 24 | - | €15,375 | +€15,375 | |
| Other tangible fixed assets | 26 | €1,623 | - | -€1,623 | |
| Current assets | 29/58 | €121,412 | €103,853 | -€17,559 | -14.5% |
| Amounts receivable within one year | 40/41 | €4,659 | €6,988 | +€2,329 | +50.0% |
| Trade receivables | 40 | €4,659 | €6,988 | +€2,329 | +50.0% |
| Cash at bank and in hand | 54/58 | €115,886 | €96,752 | -€19,134 | -16.5% |
| Deferred charges and accrued income | 490/1 | €867 | €113 | -€754 | -87.0% |
| Total equity and liabilities | 10/49 | €123,035 | €119,228 | -€3,807 | -3.1% |
| Equity | 10/15 | €91,107 | €91,346 | +€239 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,423 | €79,662 | +€239 | +0.3% |
| Distributable reserves | 133 | €79,423 | €79,662 | +€239 | +0.3% |
| Profit (loss) carried forward | 14 | -€6,916 | -€6,916 | = | 0.0% |
| Amounts payable | 17/49 | €31,928 | €27,882 | -€4,046 | -12.7% |
| Amounts payable within one year | 42/48 | €31,928 | €27,882 | -€4,046 | -12.7% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Other loans | 439 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €909 | €96 | -€813 | -89.4% |
| Suppliers | 440/4 | €909 | €96 | -€813 | -89.4% |
| Taxes, remuneration and social security | 45 | €5,443 | €3,593 | -€1,850 | -34.0% |
| Taxes | 450/3 | €4,116 | €2,217 | -€1,899 | -46.1% |
| Remuneration and social security | 454/9 | €1,327 | €1,376 | +€49 | +3.7% |
| Other amounts payable | 47/48 | €5,576 | €24,193 | +€18,617 | +334% |
| Remuneration, social security and pensions | 62 | €8,081 | €8,332 | +€251 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €9,311 | +€5,991 | +180% |
| Other operating charges | 640/8 | €959 | €1,064 | +€105 | +10.9% |
| Gross operating margin | 9900 | -€13,503 | €19,279 | +€32,782 | |
| Operating profit (loss) | 9901 | -€25,863 | €572 | +€26,435 | |
| Financial income | 75/76B | €301 | €126 | -€175 | -58.1% |
| Recurring financial income | 75 | €301 | €126 | -€175 | -58.1% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +2.6% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,601 | €658 | +€26,259 | |
| Income taxes | 67/77 | €428 | €419 | -€9 | -2.1% |
| Profit (loss) for the period | 9904 | -€26,029 | €239 | +€26,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,029 | €239 | +€26,268 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.