EUROPEAN DEVELOPMENT PROJECTS: 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.
EUROPEAN DEVELOPMENT PROJECTS
Largest movements
- Cash +€21,959
up €21,959 (+29.8%), from €73,808 to €95,767
mainly Net result for the year (+€33,767) and Receivables within one year (+€6,831)
- Receivables within one year -€6,831
down €6,831 (-28.9%), from €23,627 to €16,795
of which Other amounts receivable: -€8,333
- Tangible fixed assets -€4,268
down €4,268 (-26.4%), from €16,181 to €11,914
- Profit (loss) carried forward +€33,767
up €33,767 (+68.9%), from -€48,977 to -€15,210
- Other debts -€18,273
down €18,273 (-33.4%), from €54,685 to €36,412
- Short-term financial debts -€5,162
down €5,162 (-39.8%), from €12,978 to €7,816
- Financial charges -€32,410
down €32,410 (-99.3%), from €32,628 to €218
- Gross operating margin +€20,463
up €20,463 (+110.3%), from €18,545 to €39,008
- Other operating charges +€722
up €722 (+186.5%), from €387 to €1,110
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 | €133,418 | €143,918 | +€10,500 | +7.9% |
| Fixed assets | 21/28 | €16,181 | €11,914 | -€4,268 | -26.4% |
| Tangible fixed assets | 22/27 | €16,181 | €11,914 | -€4,268 | -26.4% |
| Furniture and vehicles | 24 | €16,181 | €11,914 | -€4,268 | -26.4% |
| Current assets | 29/58 | €117,237 | €132,005 | +€14,768 | +12.6% |
| Amounts receivable within one year | 40/41 | €23,627 | €16,795 | -€6,831 | -28.9% |
| Trade receivables | 40 | €14,989 | €16,490 | +€1,501 | +10.0% |
| Other amounts receivable | 41 | €8,638 | €305 | -€8,333 | -96.5% |
| Current investments | 50/53 | €17,276 | €17,276 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,808 | €95,767 | +€21,959 | +29.8% |
| Deferred charges and accrued income | 490/1 | €2,526 | €2,166 | -€360 | -14.2% |
| Total equity and liabilities | 10/49 | €133,418 | €143,918 | +€10,500 | +7.9% |
| Equity | 10/15 | €64,474 | €98,241 | +€33,767 | +52.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €94,859 | €94,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €93,000 | €93,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,977 | -€15,210 | +€33,767 | +68.9% |
| Amounts payable | 17/49 | €68,944 | €45,677 | -€23,267 | -33.7% |
| Amounts payable within one year | 42/48 | €68,944 | €45,677 | -€23,267 | -33.7% |
| Financial debts | 43 | €12,978 | €7,816 | -€5,162 | -39.8% |
| Credit institutions | 430/8 | €12,978 | €7,816 | -€5,162 | -39.8% |
| Trade debts | 44 | €897 | €1,353 | +€456 | +50.8% |
| Suppliers | 440/4 | €897 | €1,353 | +€456 | +50.8% |
| Taxes, remuneration and social security | 45 | €385 | €97 | -€288 | -74.8% |
| Taxes | 450/3 | €385 | €97 | -€288 | -74.8% |
| Other amounts payable | 47/48 | €54,685 | €36,412 | -€18,273 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,268 | €4,268 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €1,110 | +€722 | +186.5% |
| Gross operating margin | 9900 | €18,545 | €39,008 | +€20,463 | +110.3% |
| Operating profit (loss) | 9901 | €13,890 | €33,631 | +€19,741 | +142.1% |
| Financial income | 75/76B | €509 | €552 | +€43 | +8.4% |
| Recurring financial income | 75 | €509 | €552 | +€43 | +8.4% |
| Financial charges | 65/66B | €32,628 | €218 | -€32,410 | -99.3% |
| Recurring financial charges | 65 | €32,628 | €218 | -€32,410 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,228 | €33,965 | +€52,194 | |
| Income taxes | 67/77 | €104 | €198 | +€94 | +91.0% |
| Profit (loss) for the period | 9904 | -€18,332 | €33,767 | +€52,099 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,332 | €33,767 | +€52,099 |
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 6 October 2026 via checked.be.