C-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.
C-Projects
Largest movements
- Stocks and contracts +€564,903
new in 2025: €564,903
- Receivables within one year +€133,693
up €133,693 (+1150.1%), from €11,624 to €145,317
of which Trade receivables: +€124,081
- Cash +€21,039
up €21,039 (+61.3%), from €34,347 to €55,386
mainly Other debts (+€326,872) and Short-term financial debts (+€274,920)
- Other debts +€326,872
up €326,872 (+2585.3%), from €12,643 to €339,515
- Short-term financial debts +€274,920
new in 2025: €274,920
- Trade debts +€129,560
up €129,560 (+9976.5%), from €1,299 to €130,858
- Profit (loss) carried forward -€11,104
down €11,104 (-97.0%), from €11,447 to €343
- Gross operating margin -€13,444
down €13,444, from €6,509 to -€6,935
- Financial charges +€2,611
up €2,611 (+1121.1%), from €233 to €2,844
- Taxes -€1,622
no longer reported in 2025 (was €1,622)
- Other operating charges +€699
up €699 (+111.7%), from €626 to €1,325
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 | €45,971 | €765,606 | +€719,635 | +1565.4% |
| Current assets | 29/58 | €45,971 | €765,606 | +€719,635 | +1565.4% |
| Stocks and contracts in progress | 3 | - | €564,903 | +€564,903 | |
| Stocks | 30/36 | - | €564,903 | +€564,903 | |
| Amounts receivable within one year | 40/41 | €11,624 | €145,317 | +€133,693 | +1150.1% |
| Trade receivables | 40 | €11,624 | €135,705 | +€124,081 | +1067.4% |
| Other amounts receivable | 41 | - | €9,612 | +€9,612 | |
| Cash at bank and in hand | 54/58 | €34,347 | €55,386 | +€21,039 | +61.3% |
| Total equity and liabilities | 10/49 | €45,971 | €765,606 | +€719,635 | +1565.4% |
| Equity | 10/15 | €29,447 | €18,343 | -€11,104 | -37.7% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,447 | €343 | -€11,104 | -97.0% |
| Amounts payable | 17/49 | €16,525 | €747,263 | +€730,739 | +4422.1% |
| Amounts payable within one year | 42/48 | €16,344 | €746,916 | +€730,572 | +4470.0% |
| Financial debts | 43 | - | €274,920 | +€274,920 | |
| Credit institutions | 430/8 | - | €274,920 | +€274,920 | |
| Trade debts | 44 | €1,299 | €130,858 | +€129,560 | +9976.5% |
| Suppliers | 440/4 | €1,299 | €130,858 | +€129,560 | +9976.5% |
| Taxes, remuneration and social security | 45 | €2,402 | €1,622 | -€780 | -32.5% |
| Taxes | 450/3 | €2,402 | €1,622 | -€780 | -32.5% |
| Other amounts payable | 47/48 | €12,643 | €339,515 | +€326,872 | +2585.3% |
| Accrued charges and deferred income | 492/3 | €181 | €347 | +€167 | +92.3% |
| Other operating charges | 640/8 | €626 | €1,325 | +€699 | +111.7% |
| Gross operating margin | 9900 | €6,509 | -€6,935 | -€13,444 | |
| Operating profit (loss) | 9901 | €5,884 | -€8,260 | -€14,143 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €233 | €2,844 | +€2,611 | +1121.1% |
| Recurring financial charges | 65 | €233 | €2,844 | +€2,611 | +1121.1% |
| Profit (loss) for the period before taxes | 9903 | €5,651 | -€11,104 | -€16,754 | |
| Income taxes | 67/77 | €1,622 | - | -€1,622 | |
| Profit (loss) for the period | 9904 | €4,028 | -€11,104 | -€15,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,028 | -€11,104 | -€15,132 |
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 5 October 2026 via checked.be.