CH-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.
CH-Projects
Largest movements
- Cash -€25,045
down €25,045 (-52.4%), from €47,831 to €22,786
mainly Net result for the year (-€43,226) and Debts after one year (-€12,779)
- Receivables within one year -€14,261
down €14,261 (-21.1%), from €67,612 to €53,351
of which Trade receivables: -€10,667
- Tangible fixed assets -€13,816
down €13,816 (-10.0%), from €138,152 to €124,336
of which Leasing and similar rights: -€7,118
- Profit (loss) carried forward -€39,911
down €39,911, from €197 to -€39,714
- Trade debts +€28,848
up €28,848 (+6296.8%), from €458 to €29,306
- Debts after one year -€12,779
down €12,779 (-9.6%), from €133,574 to €120,795
- Other debts -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Tax, wage and social debts -€11,261
down €11,261 (-41.8%), from €26,952 to €15,691
of which Remuneration and social security: -€6,879
- Gross operating margin -€98,371
down €98,371 (-61.0%), from €161,151 to €62,780
- Taxes -€4,361
down €4,361 (-69.2%), from €6,302 to €1,941
- Depreciation +€3,278
up €3,278 (+22.2%), from €14,739 to €18,017
- Staff costs +€2,789
up €2,789 (+3.8%), from €74,202 to €76,992
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,837 | €206,806 | -€53,031 | -20.4% |
| Fixed assets | 21/28 | €138,152 | €124,336 | -€13,816 | -10.0% |
| Tangible fixed assets | 22/27 | €138,152 | €124,336 | -€13,816 | -10.0% |
| Plant, machinery and equipment | 23 | €12,725 | €11,126 | -€1,599 | -12.6% |
| Furniture and vehicles | 24 | €1,056 | €1,045 | -€10 | -1.0% |
| Leasing and similar rights | 25 | €32,775 | €25,657 | -€7,118 | -21.7% |
| Other tangible fixed assets | 26 | €91,596 | €86,508 | -€5,089 | -5.6% |
| Current assets | 29/58 | €121,685 | €82,470 | -€39,215 | -32.2% |
| Amounts receivable within one year | 40/41 | €67,612 | €53,351 | -€14,261 | -21.1% |
| Trade receivables | 40 | €51,147 | €40,480 | -€10,667 | -20.9% |
| Other amounts receivable | 41 | €16,465 | €12,871 | -€3,594 | -21.8% |
| Cash at bank and in hand | 54/58 | €47,831 | €22,786 | -€25,045 | -52.4% |
| Deferred charges and accrued income | 490/1 | €6,242 | €6,333 | +€91 | +1.5% |
| Total equity and liabilities | 10/49 | €259,837 | €206,806 | -€53,031 | -20.4% |
| Equity | 10/15 | €52,963 | €9,737 | -€43,226 | -81.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €52,765 | €49,450 | -€3,315 | -6.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €33,265 | €29,950 | -€3,315 | -10.0% |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197 | -€39,714 | -€39,911 | |
| Provisions and deferred taxes | 16 | €3,816 | €2,987 | -€829 | -21.7% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Deferred taxes | 168 | €3,816 | €2,987 | -€829 | -21.7% |
| Amounts payable | 17/49 | €203,058 | €194,082 | -€8,976 | -4.4% |
| Amounts payable after more than one year | 17 | €133,574 | €120,795 | -€12,779 | -9.6% |
| Financial debts | 170/4 | €133,574 | €120,795 | -€12,779 | -9.6% |
| Amounts payable within one year | 42/48 | €51,754 | €57,776 | +€6,022 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €12,344 | €12,779 | +€435 | +3.5% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €458 | €29,306 | +€28,848 | +6296.8% |
| Suppliers | 440/4 | €458 | €29,306 | +€28,848 | +6296.8% |
| Taxes, remuneration and social security | 45 | €26,952 | €15,691 | -€11,261 | -41.8% |
| Taxes | 450/3 | €13,741 | €9,359 | -€4,382 | -31.9% |
| Remuneration and social security | 454/9 | €13,211 | €6,332 | -€6,879 | -52.1% |
| Other amounts payable | 47/48 | €12,000 | €0 | -€12,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €17,730 | €15,511 | -€2,219 | -12.5% |
| Non-recurring operating income | 76A | €21,582 | €0 | -€21,582 | -100.0% |
| Remuneration, social security and pensions | 62 | €74,202 | €76,992 | +€2,789 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,739 | €18,017 | +€3,278 | +22.2% |
| Other operating charges | 640/8 | €2,786 | €4,146 | +€1,360 | +48.8% |
| Non-recurring operating charges | 66A | €15,805 | €0 | -€15,805 | -100.0% |
| Gross operating margin | 9900 | €161,151 | €62,780 | -€98,371 | -61.0% |
| Operating profit (loss) | 9901 | €53,619 | -€36,374 | -€89,993 | |
| Financial income | 75/76B | €535 | €1,367 | +€832 | +155.5% |
| Recurring financial income | 75 | €535 | €1,367 | +€832 | +155.5% |
| Financial charges | 65/66B | €5,639 | €7,107 | +€1,468 | +26.0% |
| Recurring financial charges | 65 | €5,639 | €7,107 | +€1,468 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €48,515 | -€42,114 | -€90,629 | |
| Transfer from deferred taxes | 780 | €500 | €829 | +€328 | +65.7% |
| Transfer to deferred taxes | 680 | €4,316 | €0 | -€4,316 | -100.0% |
| Income taxes | 67/77 | €6,302 | €1,941 | -€4,361 | -69.2% |
| Profit (loss) for the period | 9904 | €38,397 | -€43,226 | -€81,623 | |
| Transfer from tax-exempt reserves | 789 | €2,001 | €3,315 | +€1,314 | +65.7% |
| Transfer to tax-exempt reserves | 689 | €17,266 | €0 | -€17,266 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,132 | -€39,911 | -€63,043 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.