Live 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.
Live Projects
Largest movements
- Cash +€24,749
up €24,749 (+215%), from €11,522 to €36,272
mainly Other debts (+€54,233) and Receivables within one year (+€5,534)
- Receivables within one year -€5,534
down €5,534 (-85.5%), from €6,473 to €939
of which Trade receivables: -€5,534
- Other debts +€54,233
up €54,233 (+53.9%), from €100,686 to €154,919
- Debts after one year -€25,805
down €25,805 (-9.2%), from €280,345 to €254,541
- Profit (loss) carried forward -€6,790
down €6,790 (-4.8%), from -€140,600 to -€147,390
- Other operating charges -€2,455
down €2,455 (-84.2%), from €2,917 to €462
- Gross operating margin +€1,492
up €1,492 (+47.6%), from -€3,137 to -€1,645
- Financial charges -€473
down €473 (-9.2%), from €5,155 to €4,683
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 | €323,166 | €344,865 | +€21,699 | +6.7% |
| Current assets | 29/58 | €323,166 | €344,865 | +€21,699 | +6.7% |
| Stocks and contracts in progress | 3 | €305,170 | €307,655 | +€2,484 | +0.8% |
| Stocks | 30/36 | €305,170 | €307,655 | +€2,484 | +0.8% |
| Amounts receivable within one year | 40/41 | €6,473 | €939 | -€5,534 | -85.5% |
| Trade receivables | 40 | €6,473 | €939 | -€5,534 | -85.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,522 | €36,272 | +€24,749 | +215% |
| Total equity and liabilities | 10/49 | €323,166 | €344,865 | +€21,699 | +6.7% |
| Equity | 10/15 | -€84,400 | -€91,190 | -€6,790 | -8.0% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,600 | -€147,390 | -€6,790 | -4.8% |
| Amounts payable | 17/49 | €407,566 | €436,056 | +€28,489 | +7.0% |
| Amounts payable after more than one year | 17 | €280,345 | €254,541 | -€25,805 | -9.2% |
| Financial debts | 170/4 | €280,345 | €254,541 | -€25,805 | -9.2% |
| Amounts payable within one year | 42/48 | €127,221 | €181,515 | +€54,294 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €25,439 | €25,805 | +€366 | +1.4% |
| Trade debts | 44 | €1,096 | €792 | -€305 | -27.8% |
| Suppliers | 440/4 | €1,096 | €792 | -€305 | -27.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €100,686 | €154,919 | +€54,233 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,917 | €462 | -€2,455 | -84.2% |
| Gross operating margin | 9900 | -€3,137 | -€1,645 | +€1,492 | +47.6% |
| Operating profit (loss) | 9901 | -€6,054 | -€2,107 | +€3,947 | +65.2% |
| Financial charges | 65/66B | €5,155 | €4,683 | -€473 | -9.2% |
| Recurring financial charges | 65 | €5,155 | €4,683 | -€473 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,209 | -€6,790 | +€4,419 | +39.4% |
| Profit (loss) for the period | 9904 | -€11,209 | -€6,790 | +€4,419 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,209 | -€6,790 | +€4,419 | +39.4% |
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 24 October 2026 via checked.be.