INSTANT 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.
INSTANT PROJECTS
Largest movements
- Tangible fixed assets +€56,401
up €56,401 (+42.5%), from €132,750 to €189,151
of which Furniture and vehicles: +€51,822
- Deferred charges and accrued income +€12,123
up €12,123 (+92.6%), from €13,090 to €25,213
- Cash +€9,267
up €9,267 (+7.0%), from €132,120 to €141,387
mainly Debts after one year (+€33,806) and Depreciation (+€32,192)
- Stocks and contracts -€4,969
down €4,969 (-52.4%), from €9,490 to €4,521
- Debts after one year +€33,806
new in 2025: €33,806
- Reserves +€31,282
up €31,282 (+16.9%), from €185,106 to €216,389
- Tax, wage and social debts +€14,000
up €14,000 (+25.0%), from €55,929 to €69,929
of which Remuneration and social security: +€24,902
- Gross operating margin +€65,468
up €65,468 (+13.3%), from €491,593 to €557,061
- Staff costs +€60,506
up €60,506 (+15.0%), from €403,461 to €463,966
- Depreciation -€15,551
down €15,551 (-32.6%), from €47,743 to €32,192
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 | €292,229 | €365,666 | +€73,437 | +25.1% |
| Fixed assets | 21/28 | €135,100 | €191,501 | +€56,401 | +41.7% |
| Tangible fixed assets | 22/27 | €132,750 | €189,151 | +€56,401 | +42.5% |
| Land and buildings | 22 | €79,625 | €103,222 | +€23,598 | +29.6% |
| Plant, machinery and equipment | 23 | €16,727 | €12,447 | -€4,280 | -25.6% |
| Furniture and vehicles | 24 | €21,659 | €73,482 | +€51,822 | +239.3% |
| Leasing and similar rights | 25 | €14,739 | - | -€14,739 | |
| Financial fixed assets | 28 | €2,350 | €2,350 | = | 0.0% |
| Current assets | 29/58 | €157,130 | €174,166 | +€17,036 | +10.8% |
| Stocks and contracts in progress | 3 | €9,490 | €4,521 | -€4,969 | -52.4% |
| Stocks | 30/36 | €9,490 | €4,521 | -€4,969 | -52.4% |
| Amounts receivable within one year | 40/41 | €2,430 | €3,045 | +€615 | +25.3% |
| Trade receivables | 40 | €317 | - | -€317 | |
| Other amounts receivable | 41 | €2,114 | €3,045 | +€932 | +44.1% |
| Cash at bank and in hand | 54/58 | €132,120 | €141,387 | +€9,267 | +7.0% |
| Deferred charges and accrued income | 490/1 | €13,090 | €25,213 | +€12,123 | +92.6% |
| Total equity and liabilities | 10/49 | €292,229 | €365,666 | +€73,437 | +25.1% |
| Equity | 10/15 | €204,956 | €236,239 | +€31,282 | +15.3% |
| Contributions | 10/11 | €19,850 | €19,850 | = | 0.0% |
| Reserves | 13 | €185,106 | €216,389 | +€31,282 | +16.9% |
| Distributable reserves | 133 | €185,106 | €216,389 | +€31,282 | +16.9% |
| Amounts payable | 17/49 | €87,273 | €129,428 | +€42,155 | +48.3% |
| Amounts payable after more than one year | 17 | - | €33,806 | +€33,806 | |
| Financial debts | 170/4 | - | €33,806 | +€33,806 | |
| Amounts payable within one year | 42/48 | €87,273 | €95,622 | +€8,349 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €14,421 | €11,843 | -€2,578 | -17.9% |
| Trade debts | 44 | €15,652 | €12,640 | -€3,012 | -19.2% |
| Suppliers | 440/4 | €15,652 | €12,640 | -€3,012 | -19.2% |
| Taxes, remuneration and social security | 45 | €55,929 | €69,929 | +€14,000 | +25.0% |
| Taxes | 450/3 | €22,414 | €11,511 | -€10,902 | -48.6% |
| Remuneration and social security | 454/9 | €33,515 | €58,417 | +€24,902 | +74.3% |
| Other amounts payable | 47/48 | €1,271 | €1,211 | -€61 | -4.8% |
| Remuneration, social security and pensions | 62 | €403,461 | €463,966 | +€60,506 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,743 | €32,192 | -€15,551 | -32.6% |
| Other operating charges | 640/8 | €2,117 | €1,392 | -€724 | -34.2% |
| Non-recurring operating charges | 66A | - | €10,048 | +€10,048 | |
| Gross operating margin | 9900 | €491,593 | €557,061 | +€65,468 | +13.3% |
| Operating profit (loss) | 9901 | €38,273 | €49,462 | +€11,189 | +29.2% |
| Financial income | 75/76B | €21 | €75 | +€54 | +250.9% |
| Recurring financial income | 75 | €21 | €75 | +€54 | +250.9% |
| Financial charges | 65/66B | €5,098 | €6,300 | +€1,202 | +23.6% |
| Recurring financial charges | 65 | €5,098 | €6,300 | +€1,202 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €33,196 | €43,237 | +€10,041 | +30.2% |
| Income taxes | 67/77 | €10,428 | €11,955 | +€1,527 | +14.6% |
| Profit (loss) for the period | 9904 | €22,768 | €31,282 | +€8,514 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,768 | €31,282 | +€8,514 | +37.4% |
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 3 October 2026 via checked.be.