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
- Receivables within one year +€25,350
up €25,350 (+187.1%), from €13,552 to €38,902
- Cash +€7,696
up €7,696 (+29.5%), from €26,076 to €33,772
mainly Net result for the year (+€56,376) and Tax, wage and social debts (+€13,295)
- Deferred charges and accrued income +€2,291
up €2,291 (+1246.7%), from €184 to €2,475
- Reserves +€56,376
new in 2025: €56,376
- Other debts -€31,178
down €31,178 (-93.2%), from €33,449 to €2,270
- Tax, wage and social debts +€13,295
up €13,295 (+203.6%), from €6,529 to €19,824
- Trade debts -€2,380
down €2,380 (-48.7%), from €4,889 to €2,509
- Gross operating margin +€54,765
up €54,765 (+268.7%), from €20,380 to €75,145
- Taxes +€10,831
up €10,831 (+265.1%), from €4,086 to €14,918
- Financial charges +€2,200
new in 2025: €2,200
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 | €45,867 | €81,979 | +€36,113 | +78.7% |
| Fixed assets | 21/28 | €6,055 | €6,831 | +€776 | +12.8% |
| Tangible fixed assets | 22/27 | €6,055 | €6,831 | +€776 | +12.8% |
| Land and buildings | 22 | €2,064 | €1,851 | -€213 | -10.3% |
| Plant, machinery and equipment | 23 | €3,992 | €4,540 | +€548 | +13.7% |
| Furniture and vehicles | 24 | - | €441 | +€441 | |
| Current assets | 29/58 | €39,811 | €75,148 | +€35,337 | +88.8% |
| Amounts receivable within one year | 40/41 | €13,552 | €38,902 | +€25,350 | +187.1% |
| Trade receivables | 40 | €13,552 | €38,902 | +€25,350 | +187.1% |
| Cash at bank and in hand | 54/58 | €26,076 | €33,772 | +€7,696 | +29.5% |
| Deferred charges and accrued income | 490/1 | €184 | €2,475 | +€2,291 | +1246.7% |
| Total equity and liabilities | 10/49 | €45,867 | €81,979 | +€36,113 | +78.7% |
| Equity | 10/15 | €1,000 | €57,376 | +€56,376 | +5637.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €56,376 | +€56,376 | |
| Distributable reserves | 133 | - | €56,376 | +€56,376 | |
| Amounts payable | 17/49 | €44,867 | €24,603 | -€20,263 | -45.2% |
| Amounts payable within one year | 42/48 | €44,867 | €24,603 | -€20,263 | -45.2% |
| Trade debts | 44 | €4,889 | €2,509 | -€2,380 | -48.7% |
| Suppliers | 440/4 | €4,889 | €2,509 | -€2,380 | -48.7% |
| Taxes, remuneration and social security | 45 | €6,529 | €19,824 | +€13,295 | +203.6% |
| Taxes | 450/3 | €6,529 | €19,824 | +€13,295 | +203.6% |
| Other amounts payable | 47/48 | €33,449 | €2,270 | -€31,178 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242 | €1,652 | +€410 | +33.0% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €20,380 | €75,145 | +€54,765 | +268.7% |
| Operating profit (loss) | 9901 | €19,088 | €73,494 | +€54,405 | +285.0% |
| Financial income | 75/76B | €42 | €0 | -€42 | -100.0% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -100.0% |
| Financial charges | 65/66B | - | €2,200 | +€2,200 | |
| Recurring financial charges | 65 | - | €2,200 | +€2,200 | |
| Profit (loss) for the period before taxes | 9903 | €19,130 | €71,294 | +€52,164 | +272.7% |
| Income taxes | 67/77 | €4,086 | €14,918 | +€10,831 | +265.1% |
| Profit (loss) for the period | 9904 | €15,044 | €56,376 | +€41,332 | +274.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,044 | €56,376 | +€41,332 | +274.7% |
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 30 September 2026 via checked.be.