Business IT 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.
Business IT Projects
Largest movements
- Tangible fixed assets +€8,965
up €8,965 (+63.3%), from €14,155 to €23,120
of which Furniture and vehicles: +€5,352
- Stocks and contracts -€4,085
down €4,085 (-5.8%), from €70,037 to €65,952
- Cash -€3,708
down €3,708 (-100%), from €3,708 to €0
mainly Investment in fixed assets (net) (-€14,635) and Trade debts (-€14,243)
- Deferred charges and accrued income +€2,114
up €2,114 (+1,140%), from €185 to €2,299
- Trade debts -€14,243
down €14,243 (-67.7%), from €21,033 to €6,791
- Reserves +€9,513
up €9,513 (+9.1%), from €104,717 to €114,229
- Short-term financial debts +€6,995
new in 2025: €6,995
- Gross operating margin -€21,995
down €21,995 (-41.4%), from €53,178 to €31,183
- Taxes -€3,883
down €3,883 (-33.9%), from €11,456 to €7,573
- Depreciation +€2,025
up €2,025 (+55.5%), from €3,645 to €5,670
- Financial charges -€1,684
down €1,684 (-36.0%), from €4,674 to €2,990
- Other operating charges +€854
up €854 (+81.9%), from €1,043 to €1,897
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.
Derived cash bridge
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 | €153,236 | €156,751 | +€3,515 | +2.3% |
| Fixed assets | 21/28 | €14,155 | €23,120 | +€8,965 | +63.3% |
| Tangible fixed assets | 22/27 | €14,155 | €23,120 | +€8,965 | +63.3% |
| Plant, machinery and equipment | 23 | €14,155 | €17,769 | +€3,614 | +25.5% |
| Furniture and vehicles | 24 | - | €5,352 | +€5,352 | |
| Current assets | 29/58 | €139,081 | €133,631 | -€5,451 | -3.9% |
| Stocks and contracts in progress | 3 | €70,037 | €65,952 | -€4,085 | -5.8% |
| Stocks | 30/36 | €70,037 | €65,952 | -€4,085 | -5.8% |
| Amounts receivable within one year | 40/41 | €65,151 | €65,380 | +€228 | +0.4% |
| Trade receivables | 40 | €38,347 | €34,297 | -€4,050 | -10.6% |
| Other amounts receivable | 41 | €26,804 | €31,083 | +€4,279 | +16.0% |
| Cash at bank and in hand | 54/58 | €3,708 | €0 | -€3,708 | -100% |
| Deferred charges and accrued income | 490/1 | €185 | €2,299 | +€2,114 | +1,140% |
| Total equity and liabilities | 10/49 | €153,236 | €156,751 | +€3,515 | +2.3% |
| Equity | 10/15 | €114,717 | €124,229 | +€9,513 | +8.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €104,717 | €114,229 | +€9,513 | +9.1% |
| Distributable reserves | 133 | €104,717 | €114,229 | +€9,513 | +9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,519 | €32,522 | -€5,998 | -15.6% |
| Amounts payable within one year | 42/48 | €38,519 | €32,522 | -€5,998 | -15.6% |
| Financial debts | 43 | - | €6,995 | +€6,995 | |
| Credit institutions | 430/8 | - | €6,995 | +€6,995 | |
| Trade debts | 44 | €21,033 | €6,791 | -€14,243 | -67.7% |
| Suppliers | 440/4 | €21,033 | €6,791 | -€14,243 | -67.7% |
| Taxes, remuneration and social security | 45 | €13,736 | €13,735 | -€1 | 0.0% |
| Taxes | 450/3 | €13,736 | €13,735 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €3,750 | €5,000 | +€1,250 | +33.3% |
| Remuneration, social security and pensions | 62 | €32 | €0 | -€32 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,645 | €5,670 | +€2,025 | +55.5% |
| Other operating charges | 640/8 | €1,043 | €1,897 | +€854 | +81.9% |
| Non-recurring operating charges | 66A | €205 | €0 | -€205 | -100% |
| Gross operating margin | 9900 | €53,178 | €31,183 | -€21,995 | -41.4% |
| Operating profit (loss) | 9901 | €48,253 | €23,616 | -€24,637 | -51.1% |
| Financial income | 75/76B | €1,945 | €1,459 | -€485 | -25.0% |
| Recurring financial income | 75 | €1,945 | €1,459 | -€485 | -25.0% |
| Financial charges | 65/66B | €4,674 | €2,990 | -€1,684 | -36.0% |
| Recurring financial charges | 65 | €4,674 | €2,990 | -€1,684 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €45,523 | €22,086 | -€23,437 | -51.5% |
| Income taxes | 67/77 | €11,456 | €7,573 | -€3,883 | -33.9% |
| Profit (loss) for the period | 9904 | €34,068 | €14,513 | -€19,555 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,068 | €14,513 | -€19,555 | -57.4% |
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 24 October 2026 via checked.be.