LIFE PROJECT: 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.
LIFE PROJECT
Largest movements
- Cash +€18,675
up €18,675 (+11.2%), from €166,598 to €185,273
mainly Depreciation (+€21,295) and Net result for the year (+€5,657)
- Tangible fixed assets -€11,612
down €11,612 (-5.8%), from €200,789 to €189,177
of which Plant, machinery and equipment: -€10,830
- Profit (loss) carried forward +€5,657
up €5,657 (+1.6%), from -€345,327 to -€339,669
- Gross operating margin -€130,427
down €130,427 (-81.7%), from €159,735 to €29,308
- Depreciation -€7,812
down €7,812 (-26.8%), from €29,107 to €21,295
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 | €377,633 | €382,345 | +€4,712 | +1.2% |
| Fixed assets | 21/28 | €204,000 | €191,413 | -€12,586 | -6.2% |
| Intangible fixed assets | 21 | €3,210 | €2,236 | -€974 | -30.3% |
| Tangible fixed assets | 22/27 | €200,789 | €189,177 | -€11,612 | -5.8% |
| Land and buildings | 22 | €100,375 | €97,042 | -€3,333 | -3.3% |
| Plant, machinery and equipment | 23 | €90,109 | €79,280 | -€10,830 | -12.0% |
| Furniture and vehicles | 24 | €10,305 | €12,856 | +€2,551 | +24.8% |
| Current assets | 29/58 | €173,634 | €190,932 | +€17,298 | +10.0% |
| Amounts receivable within one year | 40/41 | €6,132 | €4,308 | -€1,824 | -29.7% |
| Trade receivables | 40 | €5,385 | €4,304 | -€1,081 | -20.1% |
| Other amounts receivable | 41 | €748 | €5 | -€743 | -99.4% |
| Cash at bank and in hand | 54/58 | €166,598 | €185,273 | +€18,675 | +11.2% |
| Deferred charges and accrued income | 490/1 | €903 | €1,351 | +€448 | +49.6% |
| Total equity and liabilities | 10/49 | €377,633 | €382,345 | +€4,712 | +1.2% |
| Equity | 10/15 | -€307,827 | -€302,169 | +€5,657 | +1.8% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,327 | -€339,669 | +€5,657 | +1.6% |
| Amounts payable | 17/49 | €685,460 | €684,515 | -€945 | -0.1% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,460 | €84,515 | -€945 | -1.1% |
| Trade debts | 44 | €427 | €1,758 | +€1,331 | +311.8% |
| Suppliers | 440/4 | €427 | €1,758 | +€1,331 | +311.8% |
| Advances received on contracts in progress | 46 | €2,097 | - | -€2,097 | |
| Taxes, remuneration and social security | 45 | €140 | €1,223 | +€1,084 | +776.7% |
| Taxes | 450/3 | €140 | €1,223 | +€1,084 | +776.7% |
| Other amounts payable | 47/48 | €82,796 | €81,533 | -€1,263 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,107 | €21,295 | -€7,812 | -26.8% |
| Other operating charges | 640/8 | €1,590 | €2,033 | +€443 | +27.9% |
| Gross operating margin | 9900 | €159,735 | €29,308 | -€130,427 | -81.7% |
| Operating profit (loss) | 9901 | €129,039 | €5,980 | -€123,059 | -95.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €380 | €280 | -€100 | -26.3% |
| Recurring financial charges | 65 | €380 | €280 | -€100 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €128,659 | €5,700 | -€122,959 | -95.6% |
| Income taxes | 67/77 | €140 | €43 | -€97 | -69.2% |
| Profit (loss) for the period | 9904 | €128,519 | €5,657 | -€122,862 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €128,519 | €5,657 | -€122,862 | -95.6% |
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 4 October 2026 via checked.be.