IT Project Forward: 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.
IT Project Forward
Largest movements
- Cash -€6,680
down €6,680 (-6.2%), from €107,931 to €101,251
mainly Contributions, distributions and other (-€115,000) and Current investments (-€6,210)
- Current investments +€6,210
up €6,210 (+40.7%), from €15,244 to €21,454
- Receivables within one year +€6,012
up €6,012 (+11.2%), from €53,511 to €59,523
of which Trade receivables: +€14,180
- Tangible fixed assets +€3,114
up €3,114 (+35.4%), from €8,797 to €11,911
of which Furniture and vehicles: +€1,883
- Profit (loss) carried forward -€78,957
down €78,957, from €75,401 to -€3,556
- Other debts +€72,132
up €72,132 (+180.2%), from €40,031 to €112,162
- Tax, wage and social debts +€10,474
up €10,474 (+45.7%), from €22,896 to €33,371
- Trade debts +€7,506
up €7,506 (+116.2%), from €6,459 to €13,965
- Short-term financial debts -€2,533
down €2,533 (-92.7%), from €2,733 to €200
- Financial charges +€20,185
up €20,185 (+60.4%), from €33,406 to €53,591
- Financial income +€6,531
up €6,531 (+1350.4%), from €484 to €7,015
- Taxes -€5,106
down €5,106 (-34.4%), from €14,852 to €9,746
- Gross operating margin -€4,712
down €4,712 (-4.7%), from €100,138 to €95,426
- Depreciation -€1,196
down €1,196 (-34.5%), from €3,464 to €2,268
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 | €186,343 | €194,664 | +€8,321 | +4.5% |
| Fixed assets | 21/28 | €8,797 | €11,911 | +€3,114 | +35.4% |
| Tangible fixed assets | 22/27 | €8,797 | €11,911 | +€3,114 | +35.4% |
| Furniture and vehicles | 24 | €1,953 | €3,836 | +€1,883 | +96.4% |
| Other tangible fixed assets | 26 | €6,844 | €8,075 | +€1,231 | +18.0% |
| Current assets | 29/58 | €177,546 | €182,753 | +€5,207 | +2.9% |
| Amounts receivable within one year | 40/41 | €53,511 | €59,523 | +€6,012 | +11.2% |
| Trade receivables | 40 | €39,887 | €54,067 | +€14,180 | +35.5% |
| Other amounts receivable | 41 | €13,624 | €5,456 | -€8,168 | -60.0% |
| Current investments | 50/53 | €15,244 | €21,454 | +€6,210 | +40.7% |
| Cash at bank and in hand | 54/58 | €107,931 | €101,251 | -€6,680 | -6.2% |
| Deferred charges and accrued income | 490/1 | €860 | €526 | -€335 | -38.9% |
| Total equity and liabilities | 10/49 | €186,343 | €194,664 | +€8,321 | +4.5% |
| Equity | 10/15 | €113,923 | €34,966 | -€78,957 | -69.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €38,022 | €38,022 | = | 0.0% |
| Distributable reserves | 133 | €38,022 | €38,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,401 | -€3,556 | -€78,957 | |
| Amounts payable | 17/49 | €72,420 | €159,699 | +€87,278 | +120.5% |
| Amounts payable within one year | 42/48 | €72,120 | €159,699 | +€87,579 | +121.4% |
| Financial debts | 43 | €2,733 | €200 | -€2,533 | -92.7% |
| Credit institutions | 430/8 | €2,733 | €200 | -€2,533 | -92.7% |
| Trade debts | 44 | €6,459 | €13,965 | +€7,506 | +116.2% |
| Suppliers | 440/4 | €6,459 | €13,965 | +€7,506 | +116.2% |
| Taxes, remuneration and social security | 45 | €22,896 | €33,371 | +€10,474 | +45.7% |
| Taxes | 450/3 | €22,896 | €33,371 | +€10,474 | +45.7% |
| Other amounts payable | 47/48 | €40,031 | €112,162 | +€72,132 | +180.2% |
| Accrued charges and deferred income | 492/3 | €301 | - | -€301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,464 | €2,268 | -€1,196 | -34.5% |
| Other operating charges | 640/8 | €744 | €793 | +€49 | +6.6% |
| Gross operating margin | 9900 | €100,138 | €95,426 | -€4,712 | -4.7% |
| Operating profit (loss) | 9901 | €95,930 | €92,365 | -€3,565 | -3.7% |
| Financial income | 75/76B | €484 | €7,015 | +€6,531 | +1350.4% |
| Recurring financial income | 75 | €484 | €7,015 | +€6,531 | +1350.4% |
| Financial charges | 65/66B | €33,406 | €53,591 | +€20,185 | +60.4% |
| Recurring financial charges | 65 | €33,406 | €53,591 | +€20,185 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €63,008 | €45,789 | -€17,219 | -27.3% |
| Income taxes | 67/77 | €14,852 | €9,746 | -€5,106 | -34.4% |
| Profit (loss) for the period | 9904 | €48,156 | €36,043 | -€12,113 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,156 | €36,043 | -€12,113 | -25.2% |
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 9 October 2026 via checked.be.