FIN-PROJECTEN: 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.
FIN-PROJECTEN
Largest movements
- Cash -€292,991
no longer reported in 2025 (was €292,991)
mainly Debts after one year (-€412,602) and Short-term financial debts (-€112,461)
- Receivables within one year -€218,531
down €218,531 (-63.5%), from €344,071 to €125,539
of which Other amounts receivable: -€220,389
- Tangible fixed assets -€76,329
down €76,329 (-2.3%), from €3.3m to €3.2m
of which Land and buildings: -€74,806
- Debts after one year -€412,602
down €412,602 (-23.1%), from €1.8m to €1.4m
of which Other amounts payable: -€343,150
- Short-term financial debts -€112,461
down €112,461 (-39.8%), from €282,500 to €170,039
- Other debts -€56,923
no longer reported in 2025 (was €56,923)
- Provisions +€389,000
no longer reported in 2025 (was -€389,000)
- Gross operating margin -€64,365
down €64,365 (-24.0%), from €267,916 to €203,551
- Financial charges -€35,142
down €35,142 (-26.0%), from €135,131 to €99,989
- Staff costs +€19,922
up €19,922 (+97.9%), from €20,341 to €40,263
- Other operating charges -€14,219
down €14,219 (-54.8%), from €25,965 to €11,746
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 | €3,888,775 | €3,300,924 | -€587,852 | -15.1% |
| Fixed assets | 21/28 | €3,251,713 | €3,175,384 | -€76,329 | -2.3% |
| Tangible fixed assets | 22/27 | €3,251,713 | €3,175,384 | -€76,329 | -2.3% |
| Land and buildings | 22 | €3,232,211 | €3,157,405 | -€74,806 | -2.3% |
| Plant, machinery and equipment | 23 | €14,019 | €14,393 | +€373 | +2.7% |
| Furniture and vehicles | 24 | €5,483 | €3,587 | -€1,896 | -34.6% |
| Current assets | 29/58 | €637,062 | €125,539 | -€511,523 | -80.3% |
| Amounts receivable within one year | 40/41 | €344,071 | €125,539 | -€218,531 | -63.5% |
| Trade receivables | 40 | €46,758 | €48,615 | +€1,857 | +4.0% |
| Other amounts receivable | 41 | €297,313 | €76,924 | -€220,389 | -74.1% |
| Cash at bank and in hand | 54/58 | €292,991 | - | -€292,991 | |
| Total equity and liabilities | 10/49 | €3,888,775 | €3,300,924 | -€587,852 | -15.1% |
| Equity | 10/15 | €1,213,931 | €1,186,750 | -€27,181 | -2.2% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,339,110 | €1,339,110 | = | 0.0% |
| Reserves | 13 | €80,524 | €80,524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €664 | €664 | = | 0.0% |
| Legal reserve | 130 | €664 | €664 | = | 0.0% |
| Distributable reserves | 133 | €79,860 | €79,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,105,703 | -€1,132,884 | -€27,181 | -2.5% |
| Amounts payable | 17/49 | €2,674,844 | €2,114,173 | -€560,671 | -21.0% |
| Amounts payable after more than one year | 17 | €1,789,068 | €1,376,466 | -€412,602 | -23.1% |
| Financial debts | 170/4 | €1,340,661 | €1,271,209 | -€69,452 | -5.2% |
| Other amounts payable | 178/9 | €448,407 | €105,257 | -€343,150 | -76.5% |
| Amounts payable within one year | 42/48 | €885,777 | €737,707 | -€148,069 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €65,622 | €69,452 | +€3,829 | +5.8% |
| Financial debts | 43 | €282,500 | €170,039 | -€112,461 | -39.8% |
| Credit institutions | 430/8 | €282,500 | €170,039 | -€112,461 | -39.8% |
| Trade debts | 44 | €477,572 | €498,217 | +€20,645 | +4.3% |
| Suppliers | 440/4 | €477,572 | €498,217 | +€20,645 | +4.3% |
| Taxes, remuneration and social security | 45 | €3,159 | - | -€3,159 | |
| Taxes | 450/3 | €3,159 | - | -€3,159 | |
| Other amounts payable | 47/48 | €56,923 | - | -€56,923 | |
| Remuneration, social security and pensions | 62 | €20,341 | €40,263 | +€19,922 | +97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,564 | €81,029 | +€465 | +0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€389,000 | - | +€389,000 | |
| Other operating charges | 640/8 | €25,965 | €11,746 | -€14,219 | -54.8% |
| Non-recurring operating charges | 66A | €580,094 | - | -€580,094 | |
| Gross operating margin | 9900 | €267,916 | €203,551 | -€64,365 | -24.0% |
| Operating profit (loss) | 9901 | -€50,048 | €70,514 | +€120,562 | |
| Financial income | 75/76B | €1,710 | €2,295 | +€585 | +34.2% |
| Recurring financial income | 75 | €1,710 | €2,295 | +€585 | +34.2% |
| Financial charges | 65/66B | €135,131 | €99,989 | -€35,142 | -26.0% |
| Recurring financial charges | 65 | €135,131 | €99,989 | -€35,142 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€183,469 | -€27,181 | +€156,288 | +85.2% |
| Profit (loss) for the period | 9904 | -€183,469 | -€27,181 | +€156,288 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€183,469 | -€27,181 | +€156,288 | +85.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.