CR PROJECT: 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.
CR PROJECT
Largest movements
- Receivables within one year +€135,647
up €135,647 (+213%), from €63,543 to €199,190
of which Trade receivables: +€99,890
- Cash -€60,947
down €60,947 (-95.6%), from €63,784 to €2,837
mainly Receivables within one year (-€135,647) and Stocks and contracts (-€34,288)
- Stocks and contracts +€34,288
new in 2025: €34,288
- Tangible fixed assets +€5,363
up €5,363 (+29.7%), from €18,071 to €23,434
of which Furniture and vehicles: +€3,668
- Advances received +€49,567
new in 2025: €49,567
- Trade debts +€44,516
up €44,516 (+213%), from €20,870 to €65,386
- Profit (loss) carried forward +€18,049
up €18,049 (+36.9%), from €48,875 to €66,924
- Tax, wage and social debts +€12,307
up €12,307 (+63.9%), from €19,266 to €31,573
of which Remuneration and social security: +€11,163
- Other debts -€8,187
down €8,187 (-15.4%), from €53,187 to €45,000
- Staff costs +€86,573
up €86,573 (+78,703%), from €110 to €86,683
- Taxes -€13,292
down €13,292 (-81.6%), from €16,292 to €3,000
- Depreciation +€6,868
up €6,868 (+152%), from €4,518 to €11,386
- Other operating charges +€1,530
up €1,530 (+68.9%), from €2,223 to €3,753
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 | €147,199 | €263,450 | +€116,251 | +79.0% |
| Fixed assets | 21/28 | €19,871 | €27,134 | +€7,263 | +36.5% |
| Tangible fixed assets | 22/27 | €18,071 | €23,434 | +€5,363 | +29.7% |
| Plant, machinery and equipment | 23 | - | €1,695 | +€1,695 | |
| Furniture and vehicles | 24 | €18,071 | €21,739 | +€3,668 | +20.3% |
| Financial fixed assets | 28 | €1,800 | €3,700 | +€1,900 | +106% |
| Current assets | 29/58 | €127,327 | €236,316 | +€108,989 | +85.6% |
| Stocks and contracts in progress | 3 | - | €34,288 | +€34,288 | |
| Stocks | 30/36 | - | €34,288 | +€34,288 | |
| Amounts receivable within one year | 40/41 | €63,543 | €199,190 | +€135,647 | +213% |
| Trade receivables | 40 | €33,217 | €133,107 | +€99,890 | +301% |
| Other amounts receivable | 41 | €30,326 | €66,083 | +€35,757 | +118% |
| Cash at bank and in hand | 54/58 | €63,784 | €2,837 | -€60,947 | -95.6% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €147,199 | €263,450 | +€116,251 | +79.0% |
| Equity | 10/15 | €53,875 | €71,924 | +€18,049 | +33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,875 | €66,924 | +€18,049 | +36.9% |
| Amounts payable | 17/49 | €93,323 | €191,526 | +€98,203 | +105% |
| Amounts payable within one year | 42/48 | €93,323 | €191,526 | +€98,203 | +105% |
| Trade debts | 44 | €20,870 | €65,386 | +€44,516 | +213% |
| Suppliers | 440/4 | €20,870 | €65,386 | +€44,516 | +213% |
| Advances received on contracts in progress | 46 | - | €49,567 | +€49,567 | |
| Taxes, remuneration and social security | 45 | €19,266 | €31,573 | +€12,307 | +63.9% |
| Taxes | 450/3 | €19,266 | €20,410 | +€1,144 | +5.9% |
| Remuneration and social security | 454/9 | - | €11,163 | +€11,163 | |
| Other amounts payable | 47/48 | €53,187 | €45,000 | -€8,187 | -15.4% |
| Remuneration, social security and pensions | 62 | €110 | €86,683 | +€86,573 | +78,703% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,518 | €11,386 | +€6,868 | +152% |
| Other operating charges | 640/8 | €2,223 | €3,753 | +€1,530 | +68.9% |
| Gross operating margin | 9900 | €122,251 | €122,978 | +€727 | +0.6% |
| Operating profit (loss) | 9901 | €115,401 | €21,156 | -€94,245 | -81.7% |
| Financial income | 75/76B | €0 | €234 | +€234 | +1,169,900% |
| Recurring financial income | 75 | €0 | €234 | +€234 | +1,169,900% |
| Financial charges | 65/66B | €234 | €341 | +€107 | +46.0% |
| Recurring financial charges | 65 | €234 | €341 | +€107 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €115,167 | €21,049 | -€94,118 | -81.7% |
| Income taxes | 67/77 | €16,292 | €3,000 | -€13,292 | -81.6% |
| Profit (loss) for the period | 9904 | €98,875 | €18,049 | -€80,826 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,875 | €18,049 | -€80,826 | -81.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.