ML - PROJECTEN: 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.
ML - PROJECTEN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€368
up €368, from -€6 to €362
- Other operating charges +€120
new in 2025: €120
- Financial charges +€47
up €47 (+1443.2%), from €3 to €50
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,334 | €19,525 | +€192 | +1.0% |
| Current assets | 29/58 | €19,334 | €19,525 | +€192 | +1.0% |
| Amounts receivable within one year | 40/41 | €19,334 | €19,525 | +€192 | +1.0% |
| Other amounts receivable | 41 | €19,334 | €19,525 | +€192 | +1.0% |
| Total equity and liabilities | 10/49 | €19,334 | €19,525 | +€192 | +1.0% |
| Equity | 10/15 | €19,330 | €19,523 | +€192 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €730 | €923 | +€192 | +26.3% |
| Amounts payable | 17/49 | €3 | €3 | -€1 | -22.8% |
| Amounts payable within one year | 42/48 | €3 | €3 | -€1 | -22.8% |
| Financial debts | 43 | €3 | €3 | -€1 | -22.8% |
| Credit institutions | 430/8 | €3 | €3 | -€1 | -22.8% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€6 | €362 | +€368 | |
| Operating profit (loss) | 9901 | -€6 | €242 | +€248 | |
| Financial charges | 65/66B | €3 | €50 | +€47 | +1443.2% |
| Recurring financial charges | 65 | €3 | €50 | +€47 | +1443.2% |
| Profit (loss) for the period before taxes | 9903 | -€9 | €192 | +€201 | |
| Profit (loss) for the period | 9904 | -€9 | €192 | +€201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9 | €192 | +€201 |
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.