C.P. PROJECTS: 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.
What changed
C.P. PROJECTS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23,851
2024 · -€135,991+€159,842
Equity
€661,972
2024 · €638,121+€23,851
Cash
€6,642
2024 · €11,191-€4,549
Balance sheet total
€3.8m
2024 · €3.9m-€55,891
Largest movements
Assets
- Tangible fixed assets -€45,506
down €45,506 (-1.2%), from €3.9m to €3.8m
of which Land and buildings: -€36,506
Equity and liabilities
- Debts after one year -€82,561
down €82,561 (-2.6%), from €3.2m to €3.1m
Income statement
- Gross operating margin +€175,998
up €175,998, from -€1,945 to €174,053
- Other operating charges +€13,133
up €13,133 (+211.6%), from €6,207 to €19,340
- Depreciation +€3,488
up €3,488 (+4.5%), from €77,018 to €80,506
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.
Result 2024
-€135,991
Gross operating margin
+€175,998
Depreciation
-€3,488
Other operating charges
-€13,133
Financial charges
+€465
Result 2025
€23,851
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.
From operations
+€107,178
Investment
-€30,425
Financing
-€81,302
Cash 2024
€11,191
From operations (derived)
+€107,178
Net result for the year
+€23,851
Depreciation
+€80,506
Receivables within one year
+€1,316
Smaller working-capital items
+€91
Trade debts
-€3,229
Tax, wage and social debts
+€4,643
Investment (derived)
-€30,425
Investment in fixed assets (net)
-€30,425
Financing
-€81,302
Debts after one year
-€82,561
Current portion of long-term debt
+€1,259
Cash 2025
€6,642
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,894,114 | €3,838,223 | -€55,891 | -1.4% |
| Fixed assets | 21/28 | €3,868,585 | €3,818,503 | -€50,081 | -1.3% |
| Tangible fixed assets | 22/27 | €3,864,010 | €3,818,503 | -€45,506 | -1.2% |
| Land and buildings | 22 | €3,835,432 | €3,798,925 | -€36,506 | -1.0% |
| Furniture and vehicles | 24 | €28,578 | €19,578 | -€9,000 | -31.5% |
| Financial fixed assets | 28 | €4,575 | - | -€4,575 | |
| Current assets | 29/58 | €25,530 | €19,720 | -€5,810 | -22.8% |
| Amounts receivable within one year | 40/41 | €10,816 | €9,500 | -€1,316 | -12.2% |
| Trade receivables | 40 | €2,693 | - | -€2,693 | |
| Other amounts receivable | 41 | €8,123 | €9,500 | +€1,377 | +17.0% |
| Cash at bank and in hand | 54/58 | €11,191 | €6,642 | -€4,549 | -40.6% |
| Deferred charges and accrued income | 490/1 | €3,523 | €3,578 | +€55 | +1.6% |
| Total equity and liabilities | 10/49 | €3,894,114 | €3,838,223 | -€55,891 | -1.4% |
| Equity | 10/15 | €638,121 | €661,972 | +€23,851 | +3.7% |
| Contributions | 10/11 | €969,000 | €969,000 | = | 0.0% |
| Reserves | 13 | €322,006 | €322,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,840 | €2,708 | -€10,132 | -78.9% |
| Reserves not available under the articles | 1311 | €12,840 | €2,708 | -€10,132 | -78.9% |
| Distributable reserves | 133 | €309,166 | €319,298 | +€10,132 | +3.3% |
| Profit (loss) carried forward | 14 | -€652,885 | -€629,034 | +€23,851 | +3.7% |
| Amounts payable | 17/49 | €3,255,994 | €3,176,252 | -€79,742 | -2.4% |
| Amounts payable after more than one year | 17 | €3,200,876 | €3,118,315 | -€82,561 | -2.6% |
| Financial debts | 170/4 | €3,200,876 | €3,118,315 | -€82,561 | -2.6% |
| Amounts payable within one year | 42/48 | €53,778 | €56,451 | +€2,673 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €29,421 | €30,680 | +€1,259 | +4.3% |
| Trade debts | 44 | €17,157 | €13,928 | -€3,229 | -18.8% |
| Suppliers | 440/4 | €17,157 | €13,928 | -€3,229 | -18.8% |
| Taxes, remuneration and social security | 45 | €7,200 | €11,843 | +€4,643 | +64.5% |
| Taxes | 450/3 | €7,200 | €11,843 | +€4,643 | +64.5% |
| Accrued charges and deferred income | 492/3 | €1,340 | €1,486 | +€146 | +10.9% |
| Non-recurring operating income | 76A | - | €34,950 | +€34,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,018 | €80,506 | +€3,488 | +4.5% |
| Other operating charges | 640/8 | €6,207 | €19,340 | +€13,133 | +211.6% |
| Gross operating margin | 9900 | -€1,945 | €174,053 | +€175,998 | |
| Operating profit (loss) | 9901 | -€85,170 | €74,207 | +€159,377 | |
| Financial charges | 65/66B | €50,821 | €50,356 | -€465 | -0.9% |
| Recurring financial charges | 65 | €50,821 | €50,356 | -€465 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€135,991 | €23,851 | +€159,842 | |
| Profit (loss) for the period | 9904 | -€135,991 | €23,851 | +€159,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€135,991 | €23,851 | +€159,842 |
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 8 October 2026 via checked.be.