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
- Stocks and contracts +€20,189
up €20,189 (+14.5%), from €139,025 to €159,215
of which Contracts in progress: +€50,287
- Receivables within one year -€7,821
down €7,821 (-80.1%), from €9,763 to €1,942
of which Trade receivables: -€8,830
- Deferred charges and accrued income -€1,898
down €1,898 (-26.3%), from €7,225 to €5,328
- Short-term financial debts +€27,005
up €27,005 (+49.4%), from €54,672 to €81,677
- Debts after one year -€10,086
down €10,086 (-34.8%), from €28,945 to €18,858
- Other debts -€7,393
down €7,393 (-15.7%), from €47,067 to €39,674
- Trade debts -€3,063
down €3,063 (-63.5%), from €4,826 to €1,762
- Accrued charges and deferred income +€1,855
up €1,855 (+310.8%), from €597 to €2,452
- Gross operating margin -€3,236
down €3,236 (-21.5%), from €15,083 to €11,847
- Depreciation -€3,057
down €3,057 (-62.6%), from €4,887 to €1,830
- Financial charges +€788
up €788 (+15.0%), from €5,260 to €6,048
- Other operating charges -€472
down €472 (-22.2%), from €2,126 to €1,654
From the 2023 result to the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,440 | €177,081 | +€8,641 | +5.1% |
| Fixed assets | 21/28 | €12,427 | €10,597 | -€1,830 | -14.7% |
| Intangible fixed assets | 21 | €1,382 | €1,036 | -€347 | -25.1% |
| Tangible fixed assets | 22/27 | €11,044 | €9,561 | -€1,483 | -13.4% |
| Land and buildings | 22 | €602 | €401 | -€201 | -33.3% |
| Plant, machinery and equipment | 23 | €6,863 | €6,043 | -€820 | -12.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,580 | €3,118 | -€462 | -12.9% |
| Current assets | 29/58 | €156,013 | €166,484 | +€10,471 | +6.7% |
| Stocks and contracts in progress | 3 | €139,025 | €159,215 | +€20,189 | +14.5% |
| Stocks | 30/36 | €57,795 | €27,697 | -€30,098 | -52.1% |
| Contracts in progress | 37 | €81,230 | €131,518 | +€50,287 | +61.9% |
| Amounts receivable within one year | 40/41 | €9,763 | €1,942 | -€7,821 | -80.1% |
| Trade receivables | 40 | €9,646 | €816 | -€8,830 | -91.5% |
| Other amounts receivable | 41 | €117 | €1,126 | +€1,010 | +864.9% |
| Deferred charges and accrued income | 490/1 | €7,225 | €5,328 | -€1,898 | -26.3% |
| Total equity and liabilities | 10/49 | €168,440 | €177,081 | +€8,641 | +5.1% |
| Equity | 10/15 | €20,255 | €21,374 | +€1,119 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,655 | €2,774 | +€1,119 | +67.6% |
| Distributable reserves | 133 | €1,655 | €2,774 | +€1,119 | +67.6% |
| Amounts payable | 17/49 | €148,185 | €155,708 | +€7,523 | +5.1% |
| Amounts payable after more than one year | 17 | €28,945 | €18,858 | -€10,086 | -34.8% |
| Financial debts | 170/4 | €28,945 | €18,858 | -€10,086 | -34.8% |
| Amounts payable within one year | 42/48 | €118,644 | €134,397 | +€15,754 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €10,004 | €10,086 | +€82 | +0.8% |
| Financial debts | 43 | €54,672 | €81,677 | +€27,005 | +49.4% |
| Credit institutions | 430/8 | €54,672 | €81,677 | +€27,005 | +49.4% |
| Trade debts | 44 | €4,826 | €1,762 | -€3,063 | -63.5% |
| Suppliers | 440/4 | €4,826 | €1,762 | -€3,063 | -63.5% |
| Taxes, remuneration and social security | 45 | €2,075 | €1,198 | -€878 | -42.3% |
| Taxes | 450/3 | €2,075 | €1,198 | -€878 | -42.3% |
| Other amounts payable | 47/48 | €47,067 | €39,674 | -€7,393 | -15.7% |
| Accrued charges and deferred income | 492/3 | €597 | €2,452 | +€1,855 | +310.8% |
| Non-recurring operating income | 76A | €6,015 | €0 | -€6,015 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,887 | €1,830 | -€3,057 | -62.6% |
| Other operating charges | 640/8 | €2,126 | €1,654 | -€472 | -22.2% |
| Gross operating margin | 9900 | €15,083 | €11,847 | -€3,236 | -21.5% |
| Operating profit (loss) | 9901 | €8,070 | €8,363 | +€294 | +3.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +264.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +264.7% |
| Financial charges | 65/66B | €5,260 | €6,048 | +€788 | +15.0% |
| Recurring financial charges | 65 | €5,260 | €6,048 | +€788 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €2,810 | €2,316 | -€494 | -17.6% |
| Income taxes | 67/77 | €1,265 | €1,198 | -€67 | -5.3% |
| Profit (loss) for the period | 9904 | €1,545 | €1,119 | -€427 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,545 | €1,119 | -€427 | -27.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.