A&P PROJECTONTWIKKELING: what changed
A&P PROJECTONTWIKKELING
Largest movements
- Receivables within one year -€3,575
down €3,575 (-5.8%), from €61,815 to €58,240
of which Trade receivables: -€2,609
- Cash -€2,621
down €2,621 (-89.5%), from €2,929 to €308
mainly Investment in fixed assets (net) (-€12,871) and Debts after one year (-€7,972)
- Debts after one year -€7,972
no longer reported in 2025 (was €7,972)
- Reserves +€2,580
up €2,580 (+4.5%), from €56,950 to €59,530
- Other debts -€1,109
down €1,109 (-17.9%), from €6,213 to €5,103
- Accrued charges and deferred income -€1,074
no longer reported in 2025 (was €1,074)
- Trade debts +€1,066
up €1,066 (+2,861%), from €37 to €1,103
- Gross operating margin +€18,799
up €18,799, from -€2,371 to €16,428
- Depreciation +€2,296
up €2,296 (+20.4%), from €11,248 to €13,544
- Other operating charges -€1,201
down €1,201 (-79.8%), from €1,504 to €304
- Taxes -€179
no longer reported in 2025 (was €179)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,377 | €92,508 | -€6,869 | -6.9% |
| Fixed assets | 21/28 | €33,734 | €33,061 | -€673 | -2.0% |
| Tangible fixed assets | 22/27 | €31,409 | €30,736 | -€673 | -2.1% |
| Plant, machinery and equipment | 23 | €750 | €10,297 | +€9,547 | +1,273% |
| Furniture and vehicles | 24 | €30,659 | €20,439 | -€10,220 | -33.3% |
| Financial fixed assets | 28 | €2,325 | €2,325 | = | 0.0% |
| Current assets | 29/58 | €65,642 | €59,447 | -€6,196 | -9.4% |
| Amounts receivable within one year | 40/41 | €61,815 | €58,240 | -€3,575 | -5.8% |
| Trade receivables | 40 | €60,849 | €58,240 | -€2,609 | -4.3% |
| Other amounts receivable | 41 | €965 | - | -€965 | |
| Cash at bank and in hand | 54/58 | €2,929 | €308 | -€2,621 | -89.5% |
| Deferred charges and accrued income | 490/1 | €898 | €898 | = | 0.0% |
| Total equity and liabilities | 10/49 | €99,377 | €92,508 | -€6,869 | -6.9% |
| Equity | 10/15 | €75,500 | €78,080 | +€2,580 | +3.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €56,950 | €59,530 | +€2,580 | +4.5% |
| Distributable reserves | 133 | €56,950 | €59,530 | +€2,580 | +4.5% |
| Amounts payable | 17/49 | €23,877 | €14,428 | -€9,449 | -39.6% |
| Amounts payable after more than one year | 17 | €7,972 | - | -€7,972 | |
| Financial debts | 170/4 | €7,972 | - | -€7,972 | |
| Amounts payable within one year | 42/48 | €14,831 | €14,428 | -€403 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €8,401 | €7,972 | -€429 | -5.1% |
| Trade debts | 44 | €37 | €1,103 | +€1,066 | +2,861% |
| Suppliers | 440/4 | €37 | €1,103 | +€1,066 | +2,861% |
| Taxes, remuneration and social security | 45 | €179 | €249 | +€70 | +38.8% |
| Taxes | 450/3 | €179 | €249 | +€70 | +38.8% |
| Other amounts payable | 47/48 | €6,213 | €5,103 | -€1,109 | -17.9% |
| Accrued charges and deferred income | 492/3 | €1,074 | - | -€1,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,248 | €13,544 | +€2,296 | +20.4% |
| Other operating charges | 640/8 | €1,504 | €304 | -€1,201 | -79.8% |
| Gross operating margin | 9900 | -€2,371 | €16,428 | +€18,799 | |
| Operating profit (loss) | 9901 | -€15,123 | €2,580 | +€17,703 | |
| Financial charges | 65/66B | €2 | - | -€2 | |
| Recurring financial charges | 65 | €2 | - | -€2 | |
| Profit (loss) for the period before taxes | 9903 | -€15,125 | €2,580 | +€17,705 | |
| Income taxes | 67/77 | €179 | - | -€179 | |
| Profit (loss) for the period | 9904 | -€15,304 | €2,580 | +€17,884 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,304 | €2,580 | +€17,884 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.