A 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.
A PROJECTS
Largest movements
- Tangible fixed assets -€16,018
down €16,018 (-22.3%), from €71,872 to €55,855
of which Furniture and vehicles: -€10,082
- Cash +€1,135
new in 2024: €1,135
mainly Investment in fixed assets (net) (+€10,082) and Depreciation (+€5,935)
- Debts after one year -€10,339
down €10,339 (-31.4%), from €32,974 to €22,635
- Profit (loss) carried forward -€5,255
down €5,255 (-79.6%), from -€6,599 to -€11,854
- Other debts +€741
up €741 (+4.8%), from €15,483 to €16,224
- Depreciation -€5,760
down €5,760 (-49.2%), from €11,695 to €5,935
- Gross operating margin -€3,140
down €3,140 (-22.5%), from €13,959 to €10,819
- Financial charges -€450
down €450 (-16.3%), from €2,763 to €2,312
- Taxes -€297
no longer reported in 2024 (was €297)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,044 | €57,161 | -€14,883 | -20.7% |
| Fixed assets | 21/28 | €72,044 | €56,027 | -€16,018 | -22.2% |
| Tangible fixed assets | 22/27 | €71,872 | €55,855 | -€16,018 | -22.3% |
| Land and buildings | 22 | €60,666 | €55,000 | -€5,666 | -9.3% |
| Plant, machinery and equipment | 23 | €1,124 | €855 | -€270 | -24.0% |
| Furniture and vehicles | 24 | €10,082 | - | -€10,082 | |
| Financial fixed assets | 28 | €172 | €172 | = | 0.0% |
| Current assets | 29/58 | - | €1,135 | +€1,135 | |
| Cash at bank and in hand | 54/58 | - | €1,135 | +€1,135 | |
| Total equity and liabilities | 10/49 | €72,044 | €57,161 | -€14,883 | -20.7% |
| Equity | 10/15 | €13,861 | €8,606 | -€5,255 | -37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,599 | -€11,854 | -€5,255 | -79.6% |
| Amounts payable | 17/49 | €58,183 | €48,555 | -€9,628 | -16.5% |
| Amounts payable after more than one year | 17 | €32,974 | €22,635 | -€10,339 | -31.4% |
| Financial debts | 170/4 | €32,974 | €22,635 | -€10,339 | -31.4% |
| Amounts payable within one year | 42/48 | €25,209 | €25,920 | +€711 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €9,429 | €9,696 | +€267 | +2.8% |
| Taxes, remuneration and social security | 45 | €297 | - | -€297 | |
| Taxes | 450/3 | €297 | - | -€297 | |
| Other amounts payable | 47/48 | €15,483 | €16,224 | +€741 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,695 | €5,935 | -€5,760 | -49.2% |
| Other operating charges | 640/8 | €865 | €744 | -€121 | -14.0% |
| Non-recurring operating charges | 66A | - | €7,082 | +€7,082 | |
| Gross operating margin | 9900 | €13,959 | €10,819 | -€3,140 | -22.5% |
| Operating profit (loss) | 9901 | €1,399 | -€2,943 | -€4,342 | |
| Financial charges | 65/66B | €2,763 | €2,312 | -€450 | -16.3% |
| Recurring financial charges | 65 | €2,763 | €2,312 | -€450 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,364 | -€5,255 | -€3,891 | -285.3% |
| Income taxes | 67/77 | €297 | - | -€297 | |
| Profit (loss) for the period | 9904 | -€1,661 | -€5,255 | -€3,594 | -216.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,661 | -€5,255 | -€3,594 | -216.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.