CO-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.
CO-PROJECTS
Largest movements
- Cash +€18,567
up €18,567 (+26.5%), from €69,984 to €88,552
mainly Net result for the year (+€55,385) and Other debts (+€26,694)
- Receivables within one year +€3,890
up €3,890 (+29.4%), from €13,211 to €17,102
of which Trade receivables: +€3,003
- Other debts +€26,694
up €26,694 (+35.9%), from €74,360 to €101,054
- Profit (loss) carried forward -€5,223
down €5,223 (-100.0%), from €5,223 to €0
- Gross operating margin +€5,717
up €5,717 (+8.4%), from €68,439 to €74,157
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 | €89,488 | €111,836 | +€22,348 | +25.0% |
| Fixed assets | 21/28 | €4,979 | €4,566 | -€413 | -8.3% |
| Tangible fixed assets | 22/27 | €4,979 | €4,566 | -€413 | -8.3% |
| Plant, machinery and equipment | 23 | €3,106 | €3,482 | +€376 | +12.1% |
| Furniture and vehicles | 24 | €1,873 | €1,083 | -€789 | -42.1% |
| Current assets | 29/58 | €84,509 | €107,271 | +€22,761 | +26.9% |
| Amounts receivable within one year | 40/41 | €13,211 | €17,102 | +€3,890 | +29.4% |
| Trade receivables | 40 | €13,211 | €16,214 | +€3,003 | +22.7% |
| Other amounts receivable | 41 | - | €888 | +€888 | |
| Cash at bank and in hand | 54/58 | €69,984 | €88,552 | +€18,567 | +26.5% |
| Deferred charges and accrued income | 490/1 | €1,314 | €1,617 | +€304 | +23.1% |
| Total equity and liabilities | 10/49 | €89,488 | €111,836 | +€22,348 | +25.0% |
| Equity | 10/15 | €6,723 | €1,500 | -€5,223 | -77.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,223 | €0 | -€5,223 | -100.0% |
| Amounts payable | 17/49 | €82,765 | €110,336 | +€27,572 | +33.3% |
| Amounts payable within one year | 42/48 | €82,765 | €110,336 | +€27,572 | +33.3% |
| Trade debts | 44 | €395 | €399 | +€4 | +0.9% |
| Suppliers | 440/4 | €395 | €399 | +€4 | +0.9% |
| Taxes, remuneration and social security | 45 | €8,009 | €8,883 | +€874 | +10.9% |
| Taxes | 450/3 | €8,009 | €8,883 | +€874 | +10.9% |
| Other amounts payable | 47/48 | €74,360 | €101,054 | +€26,694 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,141 | €2,745 | +€604 | +28.2% |
| Other operating charges | 640/8 | €660 | €742 | +€82 | +12.5% |
| Gross operating margin | 9900 | €68,439 | €74,157 | +€5,717 | +8.4% |
| Operating profit (loss) | 9901 | €65,639 | €70,670 | +€5,031 | +7.7% |
| Financial charges | 65/66B | €153 | €173 | +€20 | +12.8% |
| Recurring financial charges | 65 | €153 | €173 | +€20 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €65,486 | €70,497 | +€5,012 | +7.7% |
| Income taxes | 67/77 | €14,988 | €15,112 | +€125 | +0.8% |
| Profit (loss) for the period | 9904 | €50,498 | €55,385 | +€4,887 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,498 | €55,385 | +€4,887 | +9.7% |
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 28 September 2026 via checked.be.