More Than Projectmanagement: 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.
More Than Projectmanagement
Largest movements
- Receivables within one year +€17,479
up €17,479 (+3,494%), from €500 to €17,979
of which Trade receivables: +€17,969
- Cash -€6,370
down €6,370 (-10.8%), from €59,100 to €52,730
mainly Receivables within one year (-€17,479) and Trade debts (-€1,325)
- Tangible fixed assets -€1,993
down €1,993 (-24.4%), from €8,184 to €6,190
of which Furniture and vehicles: -€1,621
- Tax, wage and social debts +€7,656
up €7,656 (+383%), from €1,998 to €9,654
of which Taxes: +€9,461
- Reserves +€2,980
up €2,980 (+6.9%), from €43,166 to €46,147
- Trade debts -€1,325
down €1,325 (-71.2%), from €1,862 to €537
- Other debts -€951
down €951 (-27.1%), from €3,509 to €2,558
- Gross operating margin +€80,966
up €80,966, from -€73,895 to €7,070
- Financial charges -€1,324
down €1,324 (-56.1%), from €2,361 to €1,037
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 | €69,096 | €77,446 | +€8,350 | +12.1% |
| Fixed assets | 21/28 | €8,184 | €6,190 | -€1,993 | -24.4% |
| Tangible fixed assets | 22/27 | €8,184 | €6,190 | -€1,993 | -24.4% |
| Plant, machinery and equipment | 23 | €535 | €162 | -€372 | -69.7% |
| Furniture and vehicles | 24 | €4,305 | €2,684 | -€1,621 | -37.7% |
| Other tangible fixed assets | 26 | €3,344 | €3,344 | = | 0.0% |
| Current assets | 29/58 | €60,912 | €71,255 | +€10,344 | +17.0% |
| Amounts receivable within one year | 40/41 | €500 | €17,979 | +€17,479 | +3,494% |
| Trade receivables | 40 | - | €17,969 | +€17,969 | |
| Other amounts receivable | 41 | €500 | €11 | -€490 | -97.9% |
| Cash at bank and in hand | 54/58 | €59,100 | €52,730 | -€6,370 | -10.8% |
| Deferred charges and accrued income | 490/1 | €1,312 | €547 | -€765 | -58.3% |
| Total equity and liabilities | 10/49 | €69,096 | €77,446 | +€8,350 | +12.1% |
| Equity | 10/15 | €61,716 | €64,697 | +€2,980 | +4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €43,166 | €46,147 | +€2,980 | +6.9% |
| Distributable reserves | 133 | €43,166 | €46,147 | +€2,980 | +6.9% |
| Amounts payable | 17/49 | €7,379 | €12,749 | +€5,370 | +72.8% |
| Amounts payable within one year | 42/48 | €7,379 | €12,749 | +€5,370 | +72.8% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €1,862 | €537 | -€1,325 | -71.2% |
| Suppliers | 440/4 | €1,862 | €537 | -€1,325 | -71.2% |
| Taxes, remuneration and social security | 45 | €1,998 | €9,654 | +€7,656 | +383% |
| Taxes | 450/3 | €194 | €9,654 | +€9,461 | +4,886% |
| Remuneration and social security | 454/9 | €1,804 | - | -€1,804 | |
| Other amounts payable | 47/48 | €3,509 | €2,558 | -€951 | -27.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,146 | €1,993 | -€153 | -7.1% |
| Other operating charges | 640/8 | €1,142 | €930 | -€212 | -18.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€73,895 | €7,070 | +€80,966 | |
| Operating profit (loss) | 9901 | -€77,184 | €4,147 | +€81,331 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,361 | €1,037 | -€1,324 | -56.1% |
| Recurring financial charges | 65 | €2,361 | €1,037 | -€1,324 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | -€79,544 | €3,111 | +€82,655 | |
| Income taxes | 67/77 | €141 | €130 | -€11 | -7.5% |
| Profit (loss) for the period | 9904 | -€79,685 | €2,980 | +€82,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,685 | €2,980 | +€82,665 |
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 13 October 2026 via checked.be.