A2 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.
A2 PROJECTS
Largest movements
- Stocks and contracts -€456,245
down €456,245 (-97.9%), from €466,245 to €10,000
- Other debts -€462,000
down €462,000 (-82.1%), from €563,016 to €101,016
- Profit (loss) carried forward +€5,675
up €5,675 (+3.5%), from -€159,964 to -€154,288
- Gross operating margin +€60,170
up €60,170, from -€3,982 to €56,188
- Other operating charges -€709
down €709 (-39.4%), from €1,800 to €1,091
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 | €470,255 | €15,452 | -€454,803 | -96.7% |
| Fixed assets | 21/28 | €775 | - | -€775 | |
| Tangible fixed assets | 22/27 | €565 | - | -€565 | |
| Plant, machinery and equipment | 23 | €565 | - | -€565 | |
| Financial fixed assets | 28 | €210 | - | -€210 | |
| Current assets | 29/58 | €469,480 | €15,452 | -€454,028 | -96.7% |
| Stocks and contracts in progress | 3 | €466,245 | €10,000 | -€456,245 | -97.9% |
| Stocks | 30/36 | €466,245 | €10,000 | -€456,245 | -97.9% |
| Amounts receivable within one year | 40/41 | €42 | - | -€42 | |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Cash at bank and in hand | 54/58 | €3,193 | €5,452 | +€2,259 | +70.7% |
| Total equity and liabilities | 10/49 | €470,255 | €15,452 | -€454,803 | -96.7% |
| Equity | 10/15 | -€93,964 | -€88,288 | +€5,675 | +6.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,964 | -€154,288 | +€5,675 | +3.5% |
| Amounts payable | 17/49 | €564,219 | €103,740 | -€460,478 | -81.6% |
| Amounts payable within one year | 42/48 | €564,219 | €103,740 | -€460,478 | -81.6% |
| Trade debts | 44 | €1,203 | €1,097 | -€107 | -8.9% |
| Suppliers | 440/4 | €1,203 | €1,097 | -€107 | -8.9% |
| Taxes, remuneration and social security | 45 | - | €1,628 | +€1,628 | |
| Taxes | 450/3 | - | €1,628 | +€1,628 | |
| Other amounts payable | 47/48 | €563,016 | €101,016 | -€462,000 | -82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024 | €565 | -€459 | -44.8% |
| Other operating charges | 640/8 | €1,800 | €1,091 | -€709 | -39.4% |
| Non-recurring operating charges | 66A | - | €48,800 | +€48,800 | |
| Gross operating margin | 9900 | -€3,982 | €56,188 | +€60,170 | |
| Operating profit (loss) | 9901 | -€6,806 | €5,732 | +€12,538 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €84 | €57 | -€27 | -32.3% |
| Recurring financial charges | 65 | €84 | €57 | -€27 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,890 | €5,675 | +€12,565 | |
| Profit (loss) for the period | 9904 | -€6,890 | €5,675 | +€12,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,890 | €5,675 | +€12,565 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.