e-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.
e-projects
Largest movements
- Receivables after one year +€30,000
up €30,000 (+85.7%), from €35,000 to €65,000
- Receivables within one year +€17,362
up €17,362 (+149%), from €11,687 to €29,050
of which Other amounts receivable: +€20,659
- Cash -€12,770
down €12,770 (-72.5%), from €17,603 to €4,833
mainly Contributions, distributions and other (-€48,838) and Receivables after one year (-€30,000)
- Tangible fixed assets -€9,032
down €9,032 (-29.0%), from €31,106 to €22,074
- Other debts +€45,645
up €45,645 (+134%), from €34,012 to €79,657
- Reserves -€23,338
down €23,338 (-100%), from €23,338 to €0
- Advances received +€10,000
new in 2025: €10,000
- Debts after one year -€9,363
down €9,363 (-62.3%), from €15,026 to €5,664
- Tax, wage and social debts +€1,511
up €1,511 (+398%), from €379 to €1,890
- Gross operating margin +€19,140
up €19,140 (+71.3%), from €26,851 to €45,991
- Taxes +€5,943
up €5,943 (+129%), from €4,596 to €10,539
- Other operating charges -€866
down €866 (-44.9%), from €1,928 to €1,061
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 | €101,992 | €127,153 | +€25,161 | +24.7% |
| Fixed assets | 21/28 | €32,576 | €23,544 | -€9,032 | -27.7% |
| Tangible fixed assets | 22/27 | €31,106 | €22,074 | -€9,032 | -29.0% |
| Furniture and vehicles | 24 | €31,106 | €22,074 | -€9,032 | -29.0% |
| Financial fixed assets | 28 | €1,470 | €1,470 | = | 0.0% |
| Current assets | 29/58 | €69,416 | €103,609 | +€34,193 | +49.3% |
| Amounts receivable after more than one year | 29 | €35,000 | €65,000 | +€30,000 | +85.7% |
| Other amounts receivable | 291 | €35,000 | €65,000 | +€30,000 | +85.7% |
| Amounts receivable within one year | 40/41 | €11,687 | €29,050 | +€17,362 | +149% |
| Trade receivables | 40 | €8,783 | €5,486 | -€3,297 | -37.5% |
| Other amounts receivable | 41 | €2,904 | €23,564 | +€20,659 | +711% |
| Cash at bank and in hand | 54/58 | €17,603 | €4,833 | -€12,770 | -72.5% |
| Deferred charges and accrued income | 490/1 | €5,125 | €4,726 | -€398 | -7.8% |
| Total equity and liabilities | 10/49 | €101,992 | €127,153 | +€25,161 | +24.7% |
| Equity | 10/15 | €41,888 | €18,550 | -€23,338 | -55.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €23,338 | €0 | -€23,338 | -100% |
| Distributable reserves | 133 | €23,338 | €0 | -€23,338 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,103 | €108,603 | +€48,499 | +80.7% |
| Amounts payable after more than one year | 17 | €15,026 | €5,664 | -€9,363 | -62.3% |
| Financial debts | 170/4 | €15,026 | €5,664 | -€9,363 | -62.3% |
| Amounts payable within one year | 42/48 | €45,077 | €102,939 | +€57,862 | +128% |
| Current portion of amounts payable after more than one year | 42 | €8,941 | €9,363 | +€421 | +4.7% |
| Trade debts | 44 | €1,744 | €2,029 | +€285 | +16.3% |
| Suppliers | 440/4 | €1,744 | €2,029 | +€285 | +16.3% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €379 | €1,890 | +€1,511 | +398% |
| Taxes | 450/3 | €379 | €1,890 | +€1,511 | +398% |
| Other amounts payable | 47/48 | €34,012 | €79,657 | +€45,645 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,032 | €9,032 | = | 0.0% |
| Other operating charges | 640/8 | €1,928 | €1,061 | -€866 | -44.9% |
| Gross operating margin | 9900 | €26,851 | €45,991 | +€19,140 | +71.3% |
| Operating profit (loss) | 9901 | €15,891 | €35,897 | +€20,007 | +126% |
| Financial income | 75/76B | €1,222 | €1,512 | +€290 | +23.7% |
| Recurring financial income | 75 | €1,222 | €1,512 | +€290 | +23.7% |
| Financial charges | 65/66B | €1,521 | €1,371 | -€150 | -9.9% |
| Recurring financial charges | 65 | €1,521 | €1,371 | -€150 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €15,592 | €36,038 | +€20,446 | +131% |
| Income taxes | 67/77 | €4,596 | €10,539 | +€5,943 | +129% |
| Profit (loss) for the period | 9904 | €10,996 | €25,499 | +€14,503 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €10,996 | €25,499 | +€14,503 | +132% |
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 30 October 2026 via checked.be.