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
- Cash +€32,016
up €32,016 (+66.3%), from €48,265 to €80,281
mainly Net result for the year (+€20,379) and Receivables within one year (+€15,599)
- Receivables within one year -€15,599
down €15,599 (-82.8%), from €18,843 to €3,245
of which Trade receivables: -€16,765
- Tangible fixed assets -€8,086
down €8,086 (-29.6%), from €27,307 to €19,221
of which Furniture and vehicles: -€6,238
- Deferred charges and accrued income -€2,118
down €2,118 (-47.3%), from €4,482 to €2,363
- Reserves +€19,546
up €19,546 (+37.4%), from €52,243 to €71,789
- Tax, wage and social debts -€7,849
down €7,849 (-73.5%), from €10,685 to €2,836
- Debts after one year -€5,582
down €5,582 (-42.7%), from €13,082 to €7,500
- Gross operating margin -€21,145
down €21,145 (-33.7%), from €62,812 to €41,667
- Taxes -€4,273
down €4,273 (-31.1%), from €13,736 to €9,462
- Depreciation -€2,461
down €2,461 (-23.3%), from €10,547 to €8,086
- Financial charges -€667
down €667 (-21.5%), from €3,099 to €2,432
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 | €98,897 | €105,110 | +€6,213 | +6.3% |
| Fixed assets | 21/28 | €27,307 | €19,221 | -€8,086 | -29.6% |
| Tangible fixed assets | 22/27 | €27,307 | €19,221 | -€8,086 | -29.6% |
| Furniture and vehicles | 24 | €7,581 | €1,343 | -€6,238 | -82.3% |
| Other tangible fixed assets | 26 | €19,726 | €17,878 | -€1,848 | -9.4% |
| Current assets | 29/58 | €71,590 | €85,889 | +€14,299 | +20.0% |
| Amounts receivable within one year | 40/41 | €18,843 | €3,245 | -€15,599 | -82.8% |
| Trade receivables | 40 | €18,841 | €2,076 | -€16,765 | -89.0% |
| Other amounts receivable | 41 | €3 | €1,169 | +€1,166 | +44853.1% |
| Cash at bank and in hand | 54/58 | €48,265 | €80,281 | +€32,016 | +66.3% |
| Deferred charges and accrued income | 490/1 | €4,482 | €2,363 | -€2,118 | -47.3% |
| Total equity and liabilities | 10/49 | €98,897 | €105,110 | +€6,213 | +6.3% |
| Equity | 10/15 | €70,971 | €90,518 | +€19,546 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,243 | €71,789 | +€19,546 | +37.4% |
| Distributable reserves | 133 | €52,243 | €71,789 | +€19,546 | +37.4% |
| Profit (loss) carried forward | 14 | €128 | €128 | = | 0.0% |
| Amounts payable | 17/49 | €27,926 | €14,592 | -€13,333 | -47.7% |
| Amounts payable after more than one year | 17 | €13,082 | €7,500 | -€5,582 | -42.7% |
| Other amounts payable | 178/9 | €13,082 | €7,500 | -€5,582 | -42.7% |
| Amounts payable within one year | 42/48 | €14,843 | €7,092 | -€7,751 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,327 | €2,873 | +€546 | +23.5% |
| Suppliers | 440/4 | €2,327 | €2,873 | +€546 | +23.5% |
| Taxes, remuneration and social security | 45 | €10,685 | €2,836 | -€7,849 | -73.5% |
| Taxes | 450/3 | €10,685 | €2,836 | -€7,849 | -73.5% |
| Other amounts payable | 47/48 | €1,831 | €1,383 | -€448 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,547 | €8,086 | -€2,461 | -23.3% |
| Other operating charges | 640/8 | €1,612 | €1,308 | -€304 | -18.8% |
| Gross operating margin | 9900 | €62,812 | €41,667 | -€21,145 | -33.7% |
| Operating profit (loss) | 9901 | €50,653 | €32,273 | -€18,380 | -36.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,099 | €2,432 | -€667 | -21.5% |
| Recurring financial charges | 65 | €3,099 | €2,432 | -€667 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €47,554 | €29,841 | -€17,713 | -37.2% |
| Income taxes | 67/77 | €13,736 | €9,462 | -€4,273 | -31.1% |
| Profit (loss) for the period | 9904 | €33,819 | €20,379 | -€13,440 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,819 | €20,379 | -€13,440 | -39.7% |
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.