I&P 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.
I&P PROJECTS
Largest movements
- Cash +€3,323
up €3,323 (+498%), from €667 to €3,991
mainly Other debts (+€4,316) and Trade debts (+€568)
- Receivables within one year +€1,602
up €1,602 (+274%), from €585 to €2,187
of which Other amounts receivable: +€878
- Other debts +€4,316
up €4,316 (+11.5%), from €37,551 to €41,867
- Trade debts +€568
up €568 (+977%), from €58 to €626
- Gross operating margin +€4,600
up €4,600, from -€4,050 to €550
- Taxes -€131
no longer reported in 2025 (was €131)
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 | €37,646 | €42,572 | +€4,926 | +13.1% |
| Current assets | 29/58 | €37,646 | €42,572 | +€4,926 | +13.1% |
| Stocks and contracts in progress | 3 | €36,394 | €36,394 | = | 0.0% |
| Stocks | 30/36 | €36,394 | €36,394 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €585 | €2,187 | +€1,602 | +274% |
| Trade receivables | 40 | - | €725 | +€725 | |
| Other amounts receivable | 41 | €585 | €1,463 | +€878 | +150% |
| Cash at bank and in hand | 54/58 | €667 | €3,991 | +€3,323 | +498% |
| Total equity and liabilities | 10/49 | €37,646 | €42,572 | +€4,926 | +13.1% |
| Equity | 10/15 | €37 | €78 | +€41 | +113% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,963 | -€9,922 | +€41 | +0.4% |
| Amounts payable | 17/49 | €37,609 | €42,493 | +€4,884 | +13.0% |
| Amounts payable within one year | 42/48 | €37,609 | €42,493 | +€4,884 | +13.0% |
| Trade debts | 44 | €58 | €626 | +€568 | +977% |
| Suppliers | 440/4 | €58 | €626 | +€568 | +977% |
| Other amounts payable | 47/48 | €37,551 | €41,867 | +€4,316 | +11.5% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€4,050 | €550 | +€4,600 | |
| Operating profit (loss) | 9901 | -€4,500 | €88 | +€4,587 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,546 | €41 | +€4,587 | |
| Income taxes | 67/77 | €131 | - | -€131 | |
| Profit (loss) for the period | 9904 | -€4,677 | €41 | +€4,718 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,677 | €41 | +€4,718 |
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 21 October 2026 via checked.be.