AREAS PROJECTCOÖRDINATIE: what changed
AREAS PROJECTCOÖRDINATIE
Largest movements
- Cash +€20,049
up €20,049 (+78.3%), from €25,596 to €45,645
mainly Net result for the year (+€41,685) and Depreciation (+€18,833)
- Tangible fixed assets -€15,913
down €15,913 (-41.3%), from €38,550 to €22,637
of which Furniture and vehicles: -€15,689
- Receivables within one year -€14,551
down €14,551 (-17.6%), from €82,681 to €68,129
of which Trade receivables: -€20,692
- Profit (loss) carried forward +€41,685
up €41,685 (+36.6%), from €113,796 to €155,481
- Tax, wage and social debts -€21,481
down €21,481 (-72.1%), from €29,785 to €8,304
- Current portion of long-term debt -€21,429
no longer reported in 2025 (was €21,429)
- Debts after one year -€9,003
down €9,003 (-7.1%), from €127,527 to €118,524
- Gross operating margin -€17,410
down €17,410 (-16.4%), from €106,237 to €88,827
- Taxes +€3,733
up €3,733 (+21.5%), from €17,400 to €21,133
- Financial charges +€2,253
up €2,253 (+96.7%), from €2,329 to €4,582
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,827 | €286,412 | -€10,415 | -3.5% |
| Fixed assets | 21/28 | €188,550 | €172,637 | -€15,913 | -8.4% |
| Tangible fixed assets | 22/27 | €38,550 | €22,637 | -€15,913 | -41.3% |
| Plant, machinery and equipment | 23 | €685 | €461 | -€224 | -32.7% |
| Furniture and vehicles | 24 | €37,865 | €22,176 | -€15,689 | -41.4% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €108,277 | €113,775 | +€5,498 | +5.1% |
| Amounts receivable within one year | 40/41 | €82,681 | €68,129 | -€14,551 | -17.6% |
| Trade receivables | 40 | €50,792 | €30,100 | -€20,692 | -40.7% |
| Other amounts receivable | 41 | €31,889 | €38,029 | +€6,140 | +19.3% |
| Cash at bank and in hand | 54/58 | €25,596 | €45,645 | +€20,049 | +78.3% |
| Total equity and liabilities | 10/49 | €296,827 | €286,412 | -€10,415 | -3.5% |
| Equity | 10/15 | €115,796 | €157,481 | +€41,685 | +36.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,796 | €155,481 | +€41,685 | +36.6% |
| Amounts payable | 17/49 | €181,031 | €128,930 | -€52,100 | -28.8% |
| Amounts payable after more than one year | 17 | €127,527 | €118,524 | -€9,003 | -7.1% |
| Financial debts | 170/4 | €127,527 | €118,524 | -€9,003 | -7.1% |
| Amounts payable within one year | 42/48 | €53,504 | €10,407 | -€43,097 | -80.5% |
| Current portion of amounts payable after more than one year | 42 | €21,429 | - | -€21,429 | |
| Trade debts | 44 | €2,291 | €2,103 | -€187 | -8.2% |
| Suppliers | 440/4 | €2,291 | €2,103 | -€187 | -8.2% |
| Taxes, remuneration and social security | 45 | €29,785 | €8,304 | -€21,481 | -72.1% |
| Taxes | 450/3 | €29,785 | €8,304 | -€21,481 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,470 | €18,833 | +€363 | +2.0% |
| Other operating charges | 640/8 | €2,619 | €2,594 | -€25 | -0.9% |
| Gross operating margin | 9900 | €106,237 | €88,827 | -€17,410 | -16.4% |
| Operating profit (loss) | 9901 | €85,148 | €67,400 | -€17,748 | -20.8% |
| Financial charges | 65/66B | €2,329 | €4,582 | +€2,253 | +96.7% |
| Recurring financial charges | 65 | €2,329 | €4,582 | +€2,253 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | €82,819 | €62,818 | -€20,001 | -24.2% |
| Income taxes | 67/77 | €17,400 | €21,133 | +€3,733 | +21.5% |
| Profit (loss) for the period | 9904 | €65,419 | €41,685 | -€23,734 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,419 | €41,685 | -€23,734 | -36.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.