CAD PROJECT CONSULT: 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.
CAD PROJECT CONSULT
Largest movements
- Receivables after one year +€27,000
up €27,000 (+40.3%), from €67,000 to €94,000
- Receivables within one year -€18,528
down €18,528 (-56.8%), from €32,630 to €14,102
of which Trade receivables: -€10,710
- Tangible fixed assets +€18,058
up €18,058 (+50.2%), from €35,954 to €54,012
of which Land and buildings: +€19,899
- Cash -€7,995
down €7,995 (-90.0%), from €8,886 to €891
mainly Receivables after one year (-€27,000) and Investment in fixed assets (net) (-€21,152)
- Debts after one year +€25,144
new in 2025: €25,144
- Tax, wage and social debts -€14,648
down €14,648 (-54.2%), from €27,048 to €12,400
- Reserves +€5,000
up €5,000 (+32.1%), from €15,560 to €20,560
of which Distributable reserves: +€5,000
- Short-term financial debts +€2,049
new in 2025: €2,049
- Gross operating margin -€28,629
down €28,629 (-62.4%), from €45,853 to €17,225
- Taxes -€9,912
down €9,912 (-75.2%), from €13,179 to €3,267
- Depreciation +€863
up €863 (+38.7%), from €2,230 to €3,094
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 | €144,470 | €163,004 | +€18,534 | +12.8% |
| Fixed assets | 21/28 | €35,954 | €54,012 | +€18,058 | +50.2% |
| Tangible fixed assets | 22/27 | €35,954 | €54,012 | +€18,058 | +50.2% |
| Land and buildings | 22 | €31,792 | €51,691 | +€19,899 | +62.6% |
| Furniture and vehicles | 24 | €4,162 | €2,320 | -€1,841 | -44.2% |
| Current assets | 29/58 | €108,516 | €108,993 | +€477 | +0.4% |
| Amounts receivable after more than one year | 29 | €67,000 | €94,000 | +€27,000 | +40.3% |
| Other amounts receivable | 291 | €67,000 | €94,000 | +€27,000 | +40.3% |
| Amounts receivable within one year | 40/41 | €32,630 | €14,102 | -€18,528 | -56.8% |
| Trade receivables | 40 | €22,462 | €11,751 | -€10,710 | -47.7% |
| Other amounts receivable | 41 | €10,169 | €2,351 | -€7,818 | -76.9% |
| Cash at bank and in hand | 54/58 | €8,886 | €891 | -€7,995 | -90.0% |
| Total equity and liabilities | 10/49 | €144,470 | €163,004 | +€18,534 | +12.8% |
| Equity | 10/15 | €116,008 | €121,863 | +€5,855 | +5.0% |
| Contributions | 10/11 | €98,562 | €98,562 | = | 0.0% |
| Reserves | 13 | €15,560 | €20,560 | +€5,000 | +32.1% |
| Non-distributable reserves | 130/1 | €560 | €560 | = | 0.0% |
| Reserves not available under the articles | 1311 | €560 | €560 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Profit (loss) carried forward | 14 | €1,886 | €2,741 | +€855 | +45.3% |
| Amounts payable | 17/49 | €28,462 | €41,141 | +€12,679 | +44.5% |
| Amounts payable after more than one year | 17 | - | €25,144 | +€25,144 | |
| Financial debts | 170/4 | - | €25,144 | +€25,144 | |
| Amounts payable within one year | 42/48 | €28,462 | €15,997 | -€12,465 | -43.8% |
| Financial debts | 43 | - | €2,049 | +€2,049 | |
| Credit institutions | 430/8 | - | €2,049 | +€2,049 | |
| Trade debts | 44 | €1,414 | €1,027 | -€386 | -27.3% |
| Suppliers | 440/4 | €1,414 | €1,027 | -€386 | -27.3% |
| Taxes, remuneration and social security | 45 | €27,048 | €12,400 | -€14,648 | -54.2% |
| Taxes | 450/3 | €27,048 | €12,400 | -€14,648 | -54.2% |
| Other amounts payable | 47/48 | - | €521 | +€521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,230 | €3,094 | +€863 | +38.7% |
| Other operating charges | 640/8 | €3,990 | €3,657 | -€333 | -8.3% |
| Gross operating margin | 9900 | €45,853 | €17,225 | -€28,629 | -62.4% |
| Operating profit (loss) | 9901 | €39,633 | €10,474 | -€29,159 | -73.6% |
| Financial income | 75/76B | €0 | €5 | +€5 | +54,500% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +54,500% |
| Financial charges | 65/66B | €1,082 | €1,357 | +€275 | +25.4% |
| Recurring financial charges | 65 | €1,082 | €1,357 | +€275 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €38,551 | €9,122 | -€29,429 | -76.3% |
| Income taxes | 67/77 | €13,179 | €3,267 | -€9,912 | -75.2% |
| Profit (loss) for the period | 9904 | €25,372 | €5,855 | -€19,517 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,372 | €5,855 | -€19,517 | -76.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.