CS Projecten: 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.
CS Projecten
Largest movements
- Tangible fixed assets -€32,723
down €32,723 (-7.8%), from €417,599 to €384,875
of which Land and buildings: -€19,103
- Receivables within one year -€21,781
down €21,781 (-64.3%), from €33,854 to €12,073
of which Trade receivables: -€22,876
- Cash +€6,695
up €6,695 (+28.9%), from €23,159 to €29,854
mainly Depreciation (+€32,723) and Receivables within one year (+€21,781)
- Profit (loss) carried forward -€26,829
down €26,829 (-23.9%), from -€112,484 to -€139,313
- Other debts +€19,603
up €19,603 (+6.7%), from €294,014 to €313,618
- Trade debts -€15,291
down €15,291 (-36.4%), from €41,995 to €26,704
- Debts after one year -€12,202
down €12,202 (-5.7%), from €214,299 to €202,097
- Current portion of long-term debt -€10,654
down €10,654 (-46.6%), from €22,856 to €12,202
- Gross operating margin +€118,795
up €118,795, from -€38,252 to €80,543
- Staff costs +€32,310
up €32,310 (+101.5%), from €31,843 to €64,153
- Depreciation +€3,142
up €3,142 (+10.6%), from €29,581 to €32,723
- Financial income +€3,014
up €3,014 (+670.8%), from €449 to €3,464
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 | €499,157 | €449,165 | -€49,993 | -10.0% |
| Fixed assets | 21/28 | €420,949 | €388,225 | -€32,723 | -7.8% |
| Tangible fixed assets | 22/27 | €417,599 | €384,875 | -€32,723 | -7.8% |
| Land and buildings | 22 | €361,695 | €342,592 | -€19,103 | -5.3% |
| Furniture and vehicles | 24 | €4,396 | €2,555 | -€1,841 | -41.9% |
| Other tangible fixed assets | 26 | €51,508 | €39,728 | -€11,780 | -22.9% |
| Financial fixed assets | 28 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €78,208 | €60,939 | -€17,269 | -22.1% |
| Stocks and contracts in progress | 3 | €19,116 | €16,534 | -€2,582 | -13.5% |
| Stocks | 30/36 | €19,116 | €16,534 | -€2,582 | -13.5% |
| Amounts receivable within one year | 40/41 | €33,854 | €12,073 | -€21,781 | -64.3% |
| Trade receivables | 40 | €33,751 | €10,875 | -€22,876 | -67.8% |
| Other amounts receivable | 41 | €103 | €1,198 | +€1,095 | +1062.9% |
| Cash at bank and in hand | 54/58 | €23,159 | €29,854 | +€6,695 | +28.9% |
| Deferred charges and accrued income | 490/1 | €2,079 | €2,478 | +€400 | +19.2% |
| Total equity and liabilities | 10/49 | €499,157 | €449,165 | -€49,993 | -10.0% |
| Equity | 10/15 | -€97,484 | -€124,313 | -€26,829 | -27.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,484 | -€139,313 | -€26,829 | -23.9% |
| Amounts payable | 17/49 | €596,641 | €573,477 | -€23,164 | -3.9% |
| Amounts payable after more than one year | 17 | €214,299 | €202,097 | -€12,202 | -5.7% |
| Financial debts | 170/4 | €214,299 | €202,097 | -€12,202 | -5.7% |
| Amounts payable within one year | 42/48 | €381,392 | €371,380 | -€10,012 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €22,856 | €12,202 | -€10,654 | -46.6% |
| Trade debts | 44 | €41,995 | €26,704 | -€15,291 | -36.4% |
| Suppliers | 440/4 | €41,995 | €26,704 | -€15,291 | -36.4% |
| Advances received on contracts in progress | 46 | €15,600 | €9,780 | -€5,820 | -37.3% |
| Taxes, remuneration and social security | 45 | €6,926 | €9,076 | +€2,150 | +31.0% |
| Taxes | 450/3 | €2,787 | €5,282 | +€2,495 | +89.5% |
| Remuneration and social security | 454/9 | €4,139 | €3,795 | -€345 | -8.3% |
| Other amounts payable | 47/48 | €294,014 | €313,618 | +€19,603 | +6.7% |
| Accrued charges and deferred income | 492/3 | €950 | - | -€950 | |
| Remuneration, social security and pensions | 62 | €31,843 | €64,153 | +€32,310 | +101.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,581 | €32,723 | +€3,142 | +10.6% |
| Other operating charges | 640/8 | €1,425 | €1,417 | -€8 | -0.6% |
| Gross operating margin | 9900 | -€38,252 | €80,543 | +€118,795 | |
| Operating profit (loss) | 9901 | -€101,102 | -€17,751 | +€83,351 | +82.4% |
| Financial income | 75/76B | €449 | €3,464 | +€3,014 | +670.8% |
| Recurring financial income | 75 | €449 | €3,464 | +€3,014 | +670.8% |
| Financial charges | 65/66B | €11,832 | €12,542 | +€711 | +6.0% |
| Recurring financial charges | 65 | €11,832 | €12,542 | +€711 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€112,484 | -€26,829 | +€85,655 | +76.1% |
| Profit (loss) for the period | 9904 | -€112,484 | -€26,829 | +€85,655 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,484 | -€26,829 | +€85,655 | +76.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.