NPROJECTS: 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.
NPROJECTS
Largest movements
- Receivables within one year -€9,739
down €9,739 (-61.8%), from €15,755 to €6,016
of which Trade receivables: -€10,285
- Cash +€5,972
up €5,972 (+80.4%), from €7,430 to €13,403
mainly Receivables within one year (+€9,739) and Trade debts (+€3,564)
- Tangible fixed assets -€1,304
down €1,304 (-11.3%), from €11,545 to €10,241
of which Land and buildings: -€794
- Profit (loss) carried forward -€6,947
down €6,947, from €184 to -€6,762
- Tax, wage and social debts -€4,171
no longer reported in 2025 (was €4,171)
of which Remuneration and social security: -€3,401
- Trade debts +€3,564
up €3,564 (+386.1%), from €923 to €4,487
- Other debts +€2,483
new in 2025: €2,483
- Gross operating margin -€12,490
down €12,490, from €9,582 to -€2,908
- Taxes -€2,337
down €2,337 (-66.2%), from €3,530 to €1,194
- Other operating charges -€495
down €495 (-24.0%), from €2,062 to €1,567
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 | €35,279 | €30,208 | -€5,070 | -14.4% |
| Fixed assets | 21/28 | €11,545 | €10,241 | -€1,304 | -11.3% |
| Tangible fixed assets | 22/27 | €11,545 | €10,241 | -€1,304 | -11.3% |
| Land and buildings | 22 | €7,151 | €6,357 | -€794 | -11.1% |
| Furniture and vehicles | 24 | €4,393 | €3,884 | -€509 | -11.6% |
| Current assets | 29/58 | €23,734 | €19,968 | -€3,766 | -15.9% |
| Amounts receivable within one year | 40/41 | €15,755 | €6,016 | -€9,739 | -61.8% |
| Trade receivables | 40 | €10,285 | - | -€10,285 | |
| Other amounts receivable | 41 | €5,470 | €6,016 | +€546 | +10.0% |
| Cash at bank and in hand | 54/58 | €7,430 | €13,403 | +€5,972 | +80.4% |
| Deferred charges and accrued income | 490/1 | €549 | €549 | = | 0.0% |
| Total equity and liabilities | 10/49 | €35,279 | €30,208 | -€5,070 | -14.4% |
| Equity | 10/15 | €30,184 | €23,238 | -€6,947 | -23.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184 | -€6,762 | -€6,947 | |
| Amounts payable | 17/49 | €5,094 | €6,971 | +€1,877 | +36.8% |
| Amounts payable within one year | 42/48 | €5,094 | €6,971 | +€1,877 | +36.8% |
| Trade debts | 44 | €923 | €4,487 | +€3,564 | +386.1% |
| Suppliers | 440/4 | €923 | €4,487 | +€3,564 | +386.1% |
| Taxes, remuneration and social security | 45 | €4,171 | - | -€4,171 | |
| Taxes | 450/3 | €770 | - | -€770 | |
| Remuneration and social security | 454/9 | €3,401 | - | -€3,401 | |
| Other amounts payable | 47/48 | - | €2,483 | +€2,483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,209 | €1,304 | +€94 | +7.8% |
| Other operating charges | 640/8 | €2,062 | €1,567 | -€495 | -24.0% |
| Gross operating margin | 9900 | €9,582 | -€2,908 | -€12,490 | |
| Operating profit (loss) | 9901 | €6,311 | -€5,779 | -€12,090 | |
| Financial income | 75/76B | €0 | €70 | +€70 | +87400.0% |
| Recurring financial income | 75 | €0 | €70 | +€70 | +87400.0% |
| Financial charges | 65/66B | €57 | €44 | -€13 | -22.4% |
| Recurring financial charges | 65 | €57 | €44 | -€13 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €6,254 | -€5,753 | -€12,007 | |
| Income taxes | 67/77 | €3,530 | €1,194 | -€2,337 | -66.2% |
| Profit (loss) for the period | 9904 | €2,724 | -€6,947 | -€9,670 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,724 | -€6,947 | -€9,670 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.