All Project Solution: 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.
All Project Solution
Largest movements
- Stocks and contracts +€69,129
up €69,129 (+154.4%), from €44,759 to €113,888
- Cash -€49,114
down €49,114 (-89.0%), from €55,164 to €6,049
mainly Stocks and contracts (-€69,129) and Receivables within one year (-€3,151)
- Receivables within one year +€3,151
up €3,151 (+6.1%), from €51,531 to €54,683
of which Other amounts receivable: +€4,505
- Tangible fixed assets -€2,875
down €2,875 (-30.0%), from €9,583 to €6,708
- Trade debts +€23,965
up €23,965 (+15.7%), from €152,267 to €176,232
- Profit (loss) carried forward -€1,960
down €1,960 (-171.4%), from -€1,144 to -€3,104
- Gross operating margin -€2,185
down €2,185 (-48.9%), from €4,472 to €2,287
- Financial charges -€1,096
down €1,096 (-75.7%), from €1,449 to €353
- Depreciation +€958
up €958 (+50.0%), from €1,917 to €2,875
- Other operating charges +€646
new in 2025: €646
- Taxes +€89
up €89 (+26.8%), from €332 to €421
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 | €161,037 | €182,329 | +€21,291 | +13.2% |
| Fixed assets | 21/28 | €9,583 | €7,708 | -€1,875 | -19.6% |
| Tangible fixed assets | 22/27 | €9,583 | €6,708 | -€2,875 | -30.0% |
| Furniture and vehicles | 24 | €9,583 | €6,708 | -€2,875 | -30.0% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €151,454 | €174,620 | +€23,166 | +15.3% |
| Stocks and contracts in progress | 3 | €44,759 | €113,888 | +€69,129 | +154.4% |
| Stocks | 30/36 | €44,759 | €113,888 | +€69,129 | +154.4% |
| Amounts receivable within one year | 40/41 | €51,531 | €54,683 | +€3,151 | +6.1% |
| Trade receivables | 40 | €23,031 | €21,677 | -€1,354 | -5.9% |
| Other amounts receivable | 41 | €28,500 | €33,005 | +€4,505 | +15.8% |
| Cash at bank and in hand | 54/58 | €55,164 | €6,049 | -€49,114 | -89.0% |
| Total equity and liabilities | 10/49 | €161,037 | €182,329 | +€21,291 | +13.2% |
| Equity | 10/15 | €7,056 | €5,096 | -€1,960 | -27.8% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,144 | -€3,104 | -€1,960 | -171.4% |
| Amounts payable | 17/49 | €153,981 | €177,232 | +€23,251 | +15.1% |
| Amounts payable within one year | 42/48 | €153,981 | €177,232 | +€23,251 | +15.1% |
| Trade debts | 44 | €152,267 | €176,232 | +€23,965 | +15.7% |
| Suppliers | 440/4 | €152,267 | €176,232 | +€23,965 | +15.7% |
| Taxes, remuneration and social security | 45 | €1,714 | €1,001 | -€714 | -41.6% |
| Taxes | 450/3 | €1,714 | €1,001 | -€714 | -41.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,917 | €2,875 | +€958 | +50.0% |
| Other operating charges | 640/8 | - | €646 | +€646 | |
| Gross operating margin | 9900 | €4,472 | €2,287 | -€2,185 | -48.9% |
| Operating profit (loss) | 9901 | €2,556 | -€1,234 | -€3,790 | |
| Financial income | 75/76B | €0 | €48 | +€48 | |
| Recurring financial income | 75 | €0 | €48 | +€48 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,449 | €353 | -€1,096 | -75.7% |
| Recurring financial charges | 65 | €1,449 | €353 | -€1,096 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €1,107 | -€1,539 | -€2,646 | |
| Income taxes | 67/77 | €332 | €421 | +€89 | +26.8% |
| Profit (loss) for the period | 9904 | €775 | -€1,960 | -€2,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €775 | -€1,960 | -€2,735 |
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.