CS Projectmanagement: 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.
CS Projectmanagement
Largest movements
- Tangible fixed assets -€61,009
down €61,009 (-100%), from €61,009 to €0
- Receivables within one year +€10,592
up €10,592 (+240%), from €4,408 to €15,000
of which Trade receivables: +€11,745
- Cash +€8,623
up €8,623 (+66.6%), from €12,941 to €21,564
mainly Investment in fixed assets (net) (+€60,959) and Net result for the year (+€8,030)
- Debts after one year -€41,312
down €41,312 (-100%), from €41,312 to €0
- Current portion of long-term debt -€10,047
down €10,047 (-100%), from €10,047 to €0
- Reserves +€8,030
up €8,030 (+413%), from €1,945 to €9,975
- Tax, wage and social debts +€4,918
up €4,918 (+322%), from €1,526 to €6,444
- Other debts -€4,324
down €4,324 (-21.1%), from €20,468 to €16,145
- Gross operating margin +€25,436
up €25,436 (+297%), from €8,569 to €34,005
- Other operating charges +€21,229
up €21,229 (+1,943%), from €1,093 to €22,321
- Depreciation -€3,977
down €3,977 (-100%), from €3,977 to €0
- Financial charges +€1,980
up €1,980 (+237%), from €836 to €2,816
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 | €78,358 | €36,614 | -€41,743 | -53.3% |
| Fixed assets | 21/28 | €61,009 | €50 | -€60,959 | -99.9% |
| Tangible fixed assets | 22/27 | €61,009 | €0 | -€61,009 | -100% |
| Furniture and vehicles | 24 | €61,009 | €0 | -€61,009 | -100% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €17,349 | €36,564 | +€19,215 | +111% |
| Amounts receivable within one year | 40/41 | €4,408 | €15,000 | +€10,592 | +240% |
| Trade receivables | 40 | €3,255 | €15,000 | +€11,745 | +361% |
| Other amounts receivable | 41 | €1,153 | €0 | -€1,153 | -100% |
| Cash at bank and in hand | 54/58 | €12,941 | €21,564 | +€8,623 | +66.6% |
| Total equity and liabilities | 10/49 | €78,358 | €36,614 | -€41,743 | -53.3% |
| Equity | 10/15 | €3,945 | €11,975 | +€8,030 | +204% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,945 | €9,975 | +€8,030 | +413% |
| Distributable reserves | 133 | €1,945 | €9,975 | +€8,030 | +413% |
| Amounts payable | 17/49 | €74,413 | €24,639 | -€49,774 | -66.9% |
| Amounts payable after more than one year | 17 | €41,312 | €0 | -€41,312 | -100% |
| Financial debts | 170/4 | €41,312 | €0 | -€41,312 | -100% |
| Amounts payable within one year | 42/48 | €33,101 | €24,639 | -€8,461 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €10,047 | €0 | -€10,047 | -100% |
| Trade debts | 44 | €1,060 | €2,051 | +€991 | +93.5% |
| Suppliers | 440/4 | €1,060 | €2,051 | +€991 | +93.5% |
| Taxes, remuneration and social security | 45 | €1,526 | €6,444 | +€4,918 | +322% |
| Taxes | 450/3 | €1,526 | €6,444 | +€4,918 | +322% |
| Other amounts payable | 47/48 | €20,468 | €16,145 | -€4,324 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,977 | €0 | -€3,977 | -100% |
| Other operating charges | 640/8 | €1,093 | €22,321 | +€21,229 | +1,943% |
| Gross operating margin | 9900 | €8,569 | €34,005 | +€25,436 | +297% |
| Operating profit (loss) | 9901 | €3,499 | €11,684 | +€8,185 | +234% |
| Financial charges | 65/66B | €836 | €2,816 | +€1,980 | +237% |
| Recurring financial charges | 65 | €836 | €2,816 | +€1,980 | +237% |
| Profit (loss) for the period before taxes | 9903 | €2,663 | €8,868 | +€6,205 | +233% |
| Income taxes | 67/77 | €718 | €838 | +€119 | +16.6% |
| Profit (loss) for the period | 9904 | €1,945 | €8,030 | +€6,086 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €1,945 | €8,030 | +€6,086 | +313% |
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 26 October 2026 via checked.be.