FUTURE PROJECTS: what changed
FUTURE PROJECTS
Largest movements
- Tangible fixed assets -€29,805
down €29,805 (-27.3%), from €109,199 to €79,394
of which Leasing and similar rights: -€26,013
- Deferred charges and accrued income +€22,912
up €22,912 (+1,289%), from €1,777 to €24,689
- Receivables within one year +€8,252
up €8,252 (+10.5%), from €78,592 to €86,844
of which Other amounts receivable: +€4,339
- Other debts +€34,620
up €34,620 (+83.4%), from €41,491 to €76,111
- Debts after one year -€23,834
down €23,834 (-42.9%), from €55,503 to €31,668
- Profit (loss) carried forward -€15,049
down €15,049, from €60 to -€14,989
- Trade debts +€5,724
up €5,724 (+138%), from €4,157 to €9,881
- Current portion of long-term debt -€4,188
down €4,188 (-16.2%), from €25,882 to €21,694
- Gross operating margin -€35,165
down €35,165 (-58.3%), from €60,348 to €25,183
- Taxes -€4,181
down €4,181 (-84.0%), from €4,976 to €795
- Financial charges -€3,343
down €3,343 (-37.8%), from €8,846 to €5,503
- Depreciation -€806
down €806 (-2.6%), from €30,611 to €29,805
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,608 | €190,967 | +€1,359 | +0.7% |
| Fixed assets | 21/28 | €109,239 | €79,434 | -€29,805 | -27.3% |
| Tangible fixed assets | 22/27 | €109,199 | €79,394 | -€29,805 | -27.3% |
| Furniture and vehicles | 24 | €4,141 | €2,773 | -€1,368 | -33.0% |
| Leasing and similar rights | 25 | €84,733 | €58,720 | -€26,013 | -30.7% |
| Other tangible fixed assets | 26 | €20,325 | €17,901 | -€2,424 | -11.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €80,369 | €111,533 | +€31,164 | +38.8% |
| Amounts receivable within one year | 40/41 | €78,592 | €86,844 | +€8,252 | +10.5% |
| Trade receivables | 40 | €20,424 | €24,336 | +€3,912 | +19.2% |
| Other amounts receivable | 41 | €58,168 | €62,507 | +€4,339 | +7.5% |
| Deferred charges and accrued income | 490/1 | €1,777 | €24,689 | +€22,912 | +1,289% |
| Total equity and liabilities | 10/49 | €189,608 | €190,967 | +€1,359 | +0.7% |
| Equity | 10/15 | €39,960 | €24,911 | -€15,049 | -37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,300 | €21,300 | = | 0.0% |
| Distributable reserves | 133 | €21,300 | €21,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60 | -€14,989 | -€15,049 | |
| Amounts payable | 17/49 | €149,648 | €166,056 | +€16,408 | +11.0% |
| Amounts payable after more than one year | 17 | €55,503 | €31,668 | -€23,834 | -42.9% |
| Financial debts | 170/4 | €55,503 | €31,668 | -€23,834 | -42.9% |
| Amounts payable within one year | 42/48 | €94,071 | €134,244 | +€40,173 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €25,882 | €21,694 | -€4,188 | -16.2% |
| Financial debts | 43 | €11,919 | €11,983 | +€64 | +0.5% |
| Credit institutions | 430/8 | €11,919 | €11,983 | +€64 | +0.5% |
| Trade debts | 44 | €4,157 | €9,881 | +€5,724 | +138% |
| Suppliers | 440/4 | €4,157 | €9,881 | +€5,724 | +138% |
| Taxes, remuneration and social security | 45 | €10,622 | €14,575 | +€3,953 | +37.2% |
| Taxes | 450/3 | €10,622 | €14,575 | +€3,953 | +37.2% |
| Other amounts payable | 47/48 | €41,491 | €76,111 | +€34,620 | +83.4% |
| Accrued charges and deferred income | 492/3 | €74 | €144 | +€70 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,611 | €29,805 | -€806 | -2.6% |
| Other operating charges | 640/8 | €3,645 | €4,130 | +€485 | +13.3% |
| Gross operating margin | 9900 | €60,348 | €25,183 | -€35,165 | -58.3% |
| Operating profit (loss) | 9901 | €26,093 | -€8,752 | -€34,844 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -37.1% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -37.1% |
| Financial charges | 65/66B | €8,846 | €5,503 | -€3,343 | -37.8% |
| Recurring financial charges | 65 | €8,846 | €5,503 | -€3,343 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €17,248 | -€14,254 | -€31,502 | |
| Income taxes | 67/77 | €4,976 | €795 | -€4,181 | -84.0% |
| Profit (loss) for the period | 9904 | €12,272 | -€15,049 | -€27,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,272 | -€15,049 | -€27,321 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.