Belgian Industrial Technological 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.
Belgian Industrial Technological Projects
Largest movements
- Cash -€89,897
down €89,897 (-97.8%), from €91,915 to €2,019
mainly Net result for the year (-€46,109) and Receivables within one year (-€18,934)
- Receivables within one year +€18,934
up €18,934 (+296.5%), from €6,385 to €25,318
of which Other amounts receivable: +€25,092
- Tangible fixed assets +€16,036
up €16,036 (+185.6%), from €8,639 to €24,674
of which Land and buildings: +€12,684
- Stocks and contracts +€6,386
new in 2025: €6,386
- Profit (loss) carried forward -€46,109
new in 2025: -€46,109
- Trade debts -€1,145
down €1,145 (-59.4%), from €1,927 to €783
- Gross operating margin -€144,283
down €144,283, from €100,164 to -€44,119
- Taxes -€20,552
no longer reported in 2025 (was €20,552)
- Depreciation +€1,102
up €1,102 (+210.0%), from €525 to €1,627
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 | €107,201 | €58,660 | -€48,541 | -45.3% |
| Fixed assets | 21/28 | €8,639 | €24,674 | +€16,036 | +185.6% |
| Tangible fixed assets | 22/27 | €8,639 | €24,674 | +€16,036 | +185.6% |
| Land and buildings | 22 | €8,639 | €21,323 | +€12,684 | +146.8% |
| Furniture and vehicles | 24 | - | €3,351 | +€3,351 | |
| Current assets | 29/58 | €98,563 | €33,986 | -€64,577 | -65.5% |
| Stocks and contracts in progress | 3 | - | €6,386 | +€6,386 | |
| Stocks | 30/36 | - | €6,386 | +€6,386 | |
| Amounts receivable within one year | 40/41 | €6,385 | €25,318 | +€18,934 | +296.5% |
| Trade receivables | 40 | €6,159 | - | -€6,159 | |
| Other amounts receivable | 41 | €226 | €25,318 | +€25,092 | +11109.7% |
| Cash at bank and in hand | 54/58 | €91,915 | €2,019 | -€89,897 | -97.8% |
| Deferred charges and accrued income | 490/1 | €263 | €263 | = | 0.0% |
| Total equity and liabilities | 10/49 | €107,201 | €58,660 | -€48,541 | -45.3% |
| Equity | 10/15 | €83,068 | €36,959 | -€46,109 | -55.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,068 | €78,068 | = | 0.0% |
| Distributable reserves | 133 | €78,068 | €78,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€46,109 | -€46,109 | |
| Amounts payable | 17/49 | €24,134 | €21,702 | -€2,432 | -10.1% |
| Amounts payable within one year | 42/48 | €23,486 | €21,357 | -€2,129 | -9.1% |
| Trade debts | 44 | €1,927 | €783 | -€1,145 | -59.4% |
| Suppliers | 440/4 | €1,927 | €783 | -€1,145 | -59.4% |
| Taxes, remuneration and social security | 45 | €20,552 | €20,574 | +€22 | +0.1% |
| Taxes | 450/3 | €20,552 | €20,552 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €22 | +€22 | |
| Other amounts payable | 47/48 | €1,006 | - | -€1,006 | |
| Accrued charges and deferred income | 492/3 | €648 | €345 | -€303 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €1,627 | +€1,102 | +210.0% |
| Other operating charges | 640/8 | €965 | €595 | -€370 | -38.4% |
| Gross operating margin | 9900 | €100,164 | -€44,119 | -€144,283 | |
| Operating profit (loss) | 9901 | €98,675 | -€46,340 | -€145,015 | |
| Financial income | 75/76B | - | €314 | +€314 | |
| Recurring financial income | 75 | - | €314 | +€314 | |
| Financial charges | 65/66B | €55 | €83 | +€28 | +50.9% |
| Recurring financial charges | 65 | €55 | €83 | +€28 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €98,620 | -€46,109 | -€144,729 | |
| Income taxes | 67/77 | €20,552 | - | -€20,552 | |
| Profit (loss) for the period | 9904 | €78,068 | -€46,109 | -€124,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,068 | -€46,109 | -€124,176 |
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 10 October 2026 via checked.be.