EPROJECT: 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.
EPROJECT
Largest movements
- Current investments +€16,806
up €16,806 (+3.6%), from €472,098 to €488,905
- Tangible fixed assets -€12,836
down €12,836 (-27.7%), from €46,356 to €33,520
of which Furniture and vehicles: -€21,690
- Receivables within one year +€9,156
up €9,156 (+41.9%), from €21,851 to €31,007
of which Other amounts receivable: +€8,994
- Other debts +€35,586
up €35,586 (+1043.1%), from €3,411 to €38,997
- Reserves -€16,182
down €16,182 (-2.8%), from €570,302 to €554,121
- Tax, wage and social debts -€8,100
down €8,100 (-72.9%), from €11,111 to €3,011
of which Taxes: -€6,800
- Financial income +€46,187
new in 2025: €46,187
- Gross operating margin +€25,494
up €25,494 (+33.1%), from €76,918 to €102,413
- Taxes +€13,477
up €13,477 (+88.9%), from €15,162 to €28,638
- Depreciation +€1,233
up €1,233 (+3.5%), from €35,229 to €36,462
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 | €604,624 | €616,224 | +€11,600 | +1.9% |
| Fixed assets | 21/28 | €46,356 | €33,520 | -€12,836 | -27.7% |
| Tangible fixed assets | 22/27 | €46,356 | €33,520 | -€12,836 | -27.7% |
| Land and buildings | 22 | €5,311 | €2,316 | -€2,995 | -56.4% |
| Plant, machinery and equipment | 23 | - | €11,849 | +€11,849 | |
| Furniture and vehicles | 24 | €41,045 | €19,355 | -€21,690 | -52.8% |
| Current assets | 29/58 | €558,268 | €582,704 | +€24,436 | +4.4% |
| Amounts receivable within one year | 40/41 | €21,851 | €31,007 | +€9,156 | +41.9% |
| Trade receivables | 40 | €19,033 | €19,195 | +€161 | +0.8% |
| Other amounts receivable | 41 | €2,818 | €11,812 | +€8,994 | +319.2% |
| Current investments | 50/53 | €472,098 | €488,905 | +€16,806 | +3.6% |
| Cash at bank and in hand | 54/58 | €64,318 | €62,793 | -€1,526 | -2.4% |
| Total equity and liabilities | 10/49 | €604,624 | €616,224 | +€11,600 | +1.9% |
| Equity | 10/15 | €588,902 | €572,721 | -€16,182 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €570,302 | €554,121 | -€16,182 | -2.8% |
| Distributable reserves | 133 | €570,302 | €554,121 | -€16,182 | -2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,722 | €43,503 | +€27,781 | +176.7% |
| Amounts payable within one year | 42/48 | €15,722 | €43,503 | +€27,781 | +176.7% |
| Trade debts | 44 | €1,199 | €1,495 | +€296 | +24.6% |
| Suppliers | 440/4 | €1,199 | €1,495 | +€296 | +24.6% |
| Taxes, remuneration and social security | 45 | €11,111 | €3,011 | -€8,100 | -72.9% |
| Taxes | 450/3 | €8,761 | €1,961 | -€6,800 | -77.6% |
| Remuneration and social security | 454/9 | €2,350 | €1,050 | -€1,300 | -55.3% |
| Other amounts payable | 47/48 | €3,411 | €38,997 | +€35,586 | +1043.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,229 | €36,462 | +€1,233 | +3.5% |
| Other operating charges | 640/8 | €821 | €590 | -€231 | -28.1% |
| Gross operating margin | 9900 | €76,918 | €102,413 | +€25,494 | +33.1% |
| Operating profit (loss) | 9901 | €40,869 | €65,361 | +€24,492 | +59.9% |
| Financial income | 75/76B | - | €46,187 | +€46,187 | |
| Recurring financial income | 75 | - | €46,187 | +€46,187 | |
| Financial charges | 65/66B | €1,032 | €900 | -€132 | -12.8% |
| Recurring financial charges | 65 | €1,032 | €900 | -€132 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €39,837 | €110,648 | +€70,811 | +177.8% |
| Income taxes | 67/77 | €15,162 | €28,638 | +€13,477 | +88.9% |
| Profit (loss) for the period | 9904 | €24,675 | €82,009 | +€57,334 | +232.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,675 | €82,009 | +€57,334 | +232.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.