ALL SET PROJECTS: what changed
Two financial 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 SET PROJECTS
Largest movements
- Receivables within one year -€25,554
down €25,554 (-40.6%), from €62,980 to €37,426
of which Trade receivables: -€26,808
- Cash -€11,181
down €11,181 (-87.0%), from €12,851 to €1,671
mainly Net result for the year (-€49,155) and Trade debts (-€4,394)
- Deferred charges and accrued income -€3,715
down €3,715 (-31.7%), from €11,722 to €8,008
- Tangible fixed assets -€2,524
down €2,524 (-54.8%), from €4,602 to €2,078
- Profit (loss) carried forward -€49,155
down €49,155, from €3,718 to -€45,437
- Other debts +€14,517
up €14,517 (+25.4%), from €57,203 to €71,720
- Trade debts -€4,394
down €4,394 (-54.0%), from €8,133 to €3,738
- Tax, wage and social debts -€3,941
down €3,941 (-82.1%), from €4,798 to €858
- Gross operating margin -€42,863
down €42,863 (-1905.9%), from -€2,249 to -€45,112
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 | €92,156 | €49,182 | -€42,973 | -46.6% |
| Fixed assets | 21/28 | €4,602 | €2,078 | -€2,524 | -54.8% |
| Tangible fixed assets | 22/27 | €4,602 | €2,078 | -€2,524 | -54.8% |
| Furniture and vehicles | 24 | €4,602 | €2,078 | -€2,524 | -54.8% |
| Current assets | 29/58 | €87,554 | €47,105 | -€40,449 | -46.2% |
| Amounts receivable within one year | 40/41 | €62,980 | €37,426 | -€25,554 | -40.6% |
| Trade receivables | 40 | €62,980 | €36,172 | -€26,808 | -42.6% |
| Other amounts receivable | 41 | - | €1,254 | +€1,254 | |
| Cash at bank and in hand | 54/58 | €12,851 | €1,671 | -€11,181 | -87.0% |
| Deferred charges and accrued income | 490/1 | €11,722 | €8,008 | -€3,715 | -31.7% |
| Total equity and liabilities | 10/49 | €92,156 | €49,182 | -€42,973 | -46.6% |
| Equity | 10/15 | €22,022 | -€27,133 | -€49,155 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,904 | €5,904 | = | 0.0% |
| Distributable reserves | 133 | €5,904 | €5,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,718 | -€45,437 | -€49,155 | |
| Amounts payable | 17/49 | €70,134 | €76,316 | +€6,182 | +8.8% |
| Amounts payable within one year | 42/48 | €70,134 | €76,316 | +€6,182 | +8.8% |
| Trade debts | 44 | €8,133 | €3,738 | -€4,394 | -54.0% |
| Suppliers | 440/4 | €8,133 | €3,738 | -€4,394 | -54.0% |
| Taxes, remuneration and social security | 45 | €4,798 | €858 | -€3,941 | -82.1% |
| Taxes | 450/3 | €4,798 | €858 | -€3,941 | -82.1% |
| Other amounts payable | 47/48 | €57,203 | €71,720 | +€14,517 | +25.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,728 | €2,524 | -€203 | -7.5% |
| Other operating charges | 640/8 | €1,125 | €990 | -€136 | -12.1% |
| Gross operating margin | 9900 | -€2,249 | -€45,112 | -€42,863 | -1905.9% |
| Operating profit (loss) | 9901 | -€6,102 | -€48,626 | -€42,524 | -696.9% |
| Financial charges | 65/66B | €196 | €460 | +€264 | +134.8% |
| Recurring financial charges | 65 | €196 | €460 | +€264 | +134.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,297 | -€49,086 | -€42,788 | -679.4% |
| Income taxes | 67/77 | €178 | €69 | -€109 | -61.1% |
| Profit (loss) for the period | 9904 | -€6,476 | -€49,155 | -€42,679 | -659.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,476 | -€49,155 | -€42,679 | -659.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.