NP-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.
NP-PROJECTS
Largest movements
- Receivables after one year +€85,000
new in 2025: €85,000
- Cash -€31,783
down €31,783 (-60.6%), from €52,419 to €20,636
mainly Receivables after one year (-€85,000) and Receivables within one year (-€7,793)
- Receivables within one year +€7,793
up €7,793 (+33.5%), from €23,251 to €31,044
of which Trade receivables: +€8,176
- Tangible fixed assets -€4,045
down €4,045 (-66.3%), from €6,103 to €2,058
of which Furniture and vehicles: -€3,335
- Reserves +€48,943
up €48,943 (+93.1%), from €52,552 to €101,495
- Trade debts +€5,638
up €5,638 (+309.8%), from €1,820 to €7,458
- Tax, wage and social debts +€2,844
up €2,844 (+38.9%), from €7,319 to €10,163
of which Taxes: +€4,594
- Gross operating margin +€44,422
up €44,422 (+173.5%), from €25,611 to €70,033
- Taxes +€10,312
up €10,312 (+246.0%), from €4,192 to €14,504
- Depreciation -€6,513
down €6,513 (-61.7%), from €10,558 to €4,045
- Other operating charges -€1,239
down €1,239 (-50.7%), from €2,446 to €1,207
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 | €83,494 | €140,319 | +€56,825 | +68.1% |
| Fixed assets | 21/28 | €6,103 | €2,058 | -€4,045 | -66.3% |
| Tangible fixed assets | 22/27 | €6,103 | €2,058 | -€4,045 | -66.3% |
| Plant, machinery and equipment | 23 | €2,324 | €1,614 | -€710 | -30.6% |
| Furniture and vehicles | 24 | €3,779 | €444 | -€3,335 | -88.3% |
| Current assets | 29/58 | €77,391 | €138,261 | +€60,870 | +78.7% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Trade receivables | 290 | - | €85,000 | +€85,000 | |
| Amounts receivable within one year | 40/41 | €23,251 | €31,044 | +€7,793 | +33.5% |
| Trade receivables | 40 | €22,608 | €30,784 | +€8,176 | +36.2% |
| Other amounts receivable | 41 | €643 | €260 | -€383 | -59.5% |
| Cash at bank and in hand | 54/58 | €52,419 | €20,636 | -€31,783 | -60.6% |
| Deferred charges and accrued income | 490/1 | €1,721 | €1,581 | -€139 | -8.1% |
| Total equity and liabilities | 10/49 | €83,494 | €140,319 | +€56,825 | +68.1% |
| Equity | 10/15 | €55,552 | €104,495 | +€48,943 | +88.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,552 | €101,495 | +€48,943 | +93.1% |
| Distributable reserves | 133 | €52,552 | €101,495 | +€48,943 | +93.1% |
| Amounts payable | 17/49 | €27,941 | €35,823 | +€7,882 | +28.2% |
| Amounts payable within one year | 42/48 | €25,535 | €33,554 | +€8,019 | +31.4% |
| Financial debts | 43 | €12 | €0 | -€12 | -100.0% |
| Credit institutions | 430/8 | €12 | €0 | -€12 | -100.0% |
| Trade debts | 44 | €1,820 | €7,458 | +€5,638 | +309.8% |
| Suppliers | 440/4 | €1,820 | €7,458 | +€5,638 | +309.8% |
| Taxes, remuneration and social security | 45 | €7,319 | €10,163 | +€2,844 | +38.9% |
| Taxes | 450/3 | €5,569 | €10,163 | +€4,594 | +82.5% |
| Remuneration and social security | 454/9 | €1,750 | €0 | -€1,750 | -100.0% |
| Other amounts payable | 47/48 | €16,384 | €15,933 | -€452 | -2.8% |
| Accrued charges and deferred income | 492/3 | €2,406 | €2,269 | -€137 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,558 | €4,045 | -€6,513 | -61.7% |
| Other operating charges | 640/8 | €2,446 | €1,207 | -€1,239 | -50.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,611 | €70,033 | +€44,422 | +173.5% |
| Operating profit (loss) | 9901 | €12,606 | €64,781 | +€52,174 | +413.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -98.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -98.0% |
| Financial charges | 65/66B | €1,473 | €1,334 | -€139 | -9.4% |
| Recurring financial charges | 65 | €1,473 | €1,334 | -€139 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €11,139 | €63,447 | +€52,308 | +469.6% |
| Income taxes | 67/77 | €4,192 | €14,504 | +€10,312 | +246.0% |
| Profit (loss) for the period | 9904 | €6,947 | €48,943 | +€41,996 | +604.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,947 | €48,943 | +€41,996 | +604.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.