CP-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.
CP-PROJECTS
Largest movements
- Receivables within one year +€40,621
up €40,621 (+338%), from €12,016 to €52,637
of which Trade receivables: +€31,083
- Cash -€34,616
down €34,616 (-28.6%), from €121,027 to €86,411
mainly Receivables within one year (-€40,621) and Investment in fixed assets (net) (-€35,430)
- Tangible fixed assets +€29,074
up €29,074 (+376%), from €7,736 to €36,810
- Reserves +€39,493
up €39,493 (+36.9%), from €107,141 to €146,634
- Tax, wage and social debts -€18,439
down €18,439 (-71.5%), from €25,775 to €7,336
- Advances received +€9,500
new in 2025: €9,500
- Trade debts +€8,250
up €8,250 (+3,291%), from €251 to €8,500
- Other debts -€3,525
down €3,525 (-100%), from €3,525 to €0
- Gross operating margin -€9,688
down €9,688 (-13.4%), from €72,525 to €62,837
- Taxes -€3,398
down €3,398 (-17.5%), from €19,371 to €15,973
- Depreciation +€3,094
up €3,094 (+94.9%), from €3,262 to €6,356
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 | €141,692 | €176,970 | +€35,278 | +24.9% |
| Fixed assets | 21/28 | €7,736 | €36,810 | +€29,074 | +376% |
| Tangible fixed assets | 22/27 | €7,736 | €36,810 | +€29,074 | +376% |
| Furniture and vehicles | 24 | €7,736 | €36,810 | +€29,074 | +376% |
| Current assets | 29/58 | €133,956 | €140,160 | +€6,204 | +4.6% |
| Amounts receivable within one year | 40/41 | €12,016 | €52,637 | +€40,621 | +338% |
| Trade receivables | 40 | €11,616 | €42,699 | +€31,083 | +268% |
| Other amounts receivable | 41 | €400 | €9,937 | +€9,537 | +2,384% |
| Cash at bank and in hand | 54/58 | €121,027 | €86,411 | -€34,616 | -28.6% |
| Deferred charges and accrued income | 490/1 | €913 | €1,113 | +€200 | +21.9% |
| Total equity and liabilities | 10/49 | €141,692 | €176,970 | +€35,278 | +24.9% |
| Equity | 10/15 | €112,141 | €151,634 | +€39,493 | +35.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,141 | €146,634 | +€39,493 | +36.9% |
| Distributable reserves | 133 | €107,141 | €146,634 | +€39,493 | +36.9% |
| Amounts payable | 17/49 | €29,551 | €25,336 | -€4,215 | -14.3% |
| Amounts payable within one year | 42/48 | €29,551 | €25,336 | -€4,215 | -14.3% |
| Trade debts | 44 | €251 | €8,500 | +€8,250 | +3,291% |
| Suppliers | 440/4 | €251 | €8,500 | +€8,250 | +3,291% |
| Advances received on contracts in progress | 46 | - | €9,500 | +€9,500 | |
| Taxes, remuneration and social security | 45 | €25,775 | €7,336 | -€18,439 | -71.5% |
| Taxes | 450/3 | €25,775 | €7,336 | -€18,439 | -71.5% |
| Other amounts payable | 47/48 | €3,525 | €0 | -€3,525 | -100% |
| Non-recurring operating income | 76A | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,262 | €6,356 | +€3,094 | +94.9% |
| Other operating charges | 640/8 | €250 | €909 | +€659 | +263% |
| Gross operating margin | 9900 | €72,525 | €62,837 | -€9,688 | -13.4% |
| Operating profit (loss) | 9901 | €69,013 | €55,572 | -€13,441 | -19.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +800% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +800% |
| Financial charges | 65/66B | €196 | €106 | -€89 | -45.7% |
| Recurring financial charges | 65 | €196 | €106 | -€89 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €68,818 | €55,466 | -€13,352 | -19.4% |
| Income taxes | 67/77 | €19,371 | €15,973 | -€3,398 | -17.5% |
| Profit (loss) for the period | 9904 | €49,447 | €39,493 | -€9,954 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,447 | €39,493 | -€9,954 | -20.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.