EXTENDED D-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.
EXTENDED D-PROJECTS
Largest movements
- Cash +€26,321
up €26,321 (+108.3%), from €24,312 to €50,633
mainly Net result for the year (+€20,257) and Tax, wage and social debts (+€7,522)
- Tangible fixed assets -€871
down €871 (-42.9%), from €2,033 to €1,162
- Receivables within one year +€685
new in 2025: €685
- Reserves +€18,591
up €18,591 (+124.8%), from €14,897 to €33,488
- Tax, wage and social debts +€7,522
up €7,522 (+112.4%), from €6,690 to €14,212
- Gross operating margin +€5,979
up €5,979 (+25.5%), from €23,459 to €29,438
- Taxes +€2,070
up €2,070 (+34.1%), from €6,071 to €8,141
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 | €26,955 | €53,101 | +€26,146 | +97.0% |
| Fixed assets | 21/28 | €2,033 | €1,162 | -€871 | -42.9% |
| Tangible fixed assets | 22/27 | €2,033 | €1,162 | -€871 | -42.9% |
| Furniture and vehicles | 24 | €2,033 | €1,162 | -€871 | -42.9% |
| Current assets | 29/58 | €24,921 | €51,939 | +€27,018 | +108.4% |
| Amounts receivable within one year | 40/41 | - | €685 | +€685 | |
| Other amounts receivable | 41 | - | €685 | +€685 | |
| Cash at bank and in hand | 54/58 | €24,312 | €50,633 | +€26,321 | +108.3% |
| Deferred charges and accrued income | 490/1 | €609 | €621 | +€12 | +2.0% |
| Total equity and liabilities | 10/49 | €26,955 | €53,101 | +€26,146 | +97.0% |
| Equity | 10/15 | €17,897 | €36,488 | +€18,591 | +103.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,897 | €33,488 | +€18,591 | +124.8% |
| Distributable reserves | 133 | €14,897 | €33,488 | +€18,591 | +124.8% |
| Amounts payable | 17/49 | €9,057 | €16,613 | +€7,556 | +83.4% |
| Amounts payable within one year | 42/48 | €9,057 | €16,613 | +€7,556 | +83.4% |
| Trade debts | 44 | €558 | €658 | +€101 | +18.0% |
| Suppliers | 440/4 | €558 | €658 | +€101 | +18.0% |
| Taxes, remuneration and social security | 45 | €6,690 | €14,212 | +€7,522 | +112.4% |
| Taxes | 450/3 | €6,690 | €14,212 | +€7,522 | +112.4% |
| Other amounts payable | 47/48 | €1,810 | €1,744 | -€67 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €871 | +€290 | +50.0% |
| Other operating charges | 640/8 | €106 | €38 | -€68 | -64.5% |
| Gross operating margin | 9900 | €23,459 | €29,438 | +€5,979 | +25.5% |
| Operating profit (loss) | 9901 | €22,773 | €28,529 | +€5,756 | +25.3% |
| Financial income | 75/76B | €15 | €8 | -€6 | -43.6% |
| Recurring financial income | 75 | €15 | €8 | -€6 | -43.6% |
| Financial charges | 65/66B | €101 | €140 | +€39 | +38.2% |
| Recurring financial charges | 65 | €101 | €140 | +€39 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €22,686 | €28,397 | +€5,711 | +25.2% |
| Income taxes | 67/77 | €6,071 | €8,141 | +€2,070 | +34.1% |
| Profit (loss) for the period | 9904 | €16,615 | €20,257 | +€3,641 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,615 | €20,257 | +€3,641 | +21.9% |
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 12 October 2026 via checked.be.