MARKET DEVELOPMENT 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.
MARKET DEVELOPMENT PROJECTS
Largest movements
- Receivables within one year +€6,123
up €6,123 (+75.1%), from €8,153 to €14,276
of which Other amounts receivable: +€3,468
- Profit (loss) carried forward +€5,400
up €5,400, from -€4,734 to €666
- Gross operating margin +€2,668
up €2,668 (+61.6%), from €4,331 to €6,999
- Other operating charges +€2,021
up €2,021 (+717.5%), from €282 to €2,302
- Financial income +€858
up €858 (+242.5%), from €354 to €1,211
- Financial charges +€164
up €164 (+229.3%), from €71 to €235
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 | €72,347 | €78,581 | +€6,235 | +8.6% |
| Current assets | 29/58 | €72,347 | €78,581 | +€6,235 | +8.6% |
| Amounts receivable within one year | 40/41 | €8,153 | €14,276 | +€6,123 | +75.1% |
| Trade receivables | 40 | €200 | €2,855 | +€2,656 | +1330.1% |
| Other amounts receivable | 41 | €7,953 | €11,421 | +€3,468 | +43.6% |
| Cash at bank and in hand | 54/58 | €63,661 | €63,549 | -€112 | -0.2% |
| Deferred charges and accrued income | 490/1 | €533 | €756 | +€223 | +41.9% |
| Total equity and liabilities | 10/49 | €72,347 | €78,581 | +€6,235 | +8.6% |
| Equity | 10/15 | €70,952 | €76,352 | +€5,400 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,086 | €57,086 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,226 | €55,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,734 | €666 | +€5,400 | |
| Amounts payable | 17/49 | €1,394 | €2,229 | +€835 | +59.9% |
| Amounts payable within one year | 42/48 | €1,394 | €2,229 | +€835 | +59.9% |
| Trade debts | 44 | €583 | €1,366 | +€784 | +134.5% |
| Suppliers | 440/4 | €583 | €1,366 | +€784 | +134.5% |
| Taxes, remuneration and social security | 45 | €812 | €863 | +€52 | +6.4% |
| Taxes | 450/3 | €812 | €863 | +€52 | +6.4% |
| Other operating charges | 640/8 | €282 | €2,302 | +€2,021 | +717.5% |
| Gross operating margin | 9900 | €4,331 | €6,999 | +€2,668 | +61.6% |
| Operating profit (loss) | 9901 | €4,050 | €4,697 | +€647 | +16.0% |
| Financial income | 75/76B | €354 | €1,211 | +€858 | +242.5% |
| Recurring financial income | 75 | €354 | €1,211 | +€858 | +242.5% |
| Financial charges | 65/66B | €71 | €235 | +€164 | +229.3% |
| Recurring financial charges | 65 | €71 | €235 | +€164 | +229.3% |
| Profit (loss) for the period before taxes | 9903 | €4,332 | €5,673 | +€1,341 | +31.0% |
| Income taxes | 67/77 | €279 | €273 | -€6 | -2.1% |
| Profit (loss) for the period | 9904 | €4,053 | €5,400 | +€1,347 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,053 | €5,400 | +€1,347 | +33.2% |
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.