O-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.
O-PROJECTS
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Tangible fixed assets -€28,867
down €28,867 (-6.4%), from €453,580 to €424,712
of which Land and buildings: -€23,690
- Cash -€10,453
down €10,453 (-33.2%), from €31,479 to €21,026
mainly Current investments (-€35,000) and Tax, wage and social debts (-€11,113)
- Tax, wage and social debts -€11,113
down €11,113 (-94.1%), from €11,804 to €691
- Other debts -€7,079
down €7,079 (-24.6%), from €28,781 to €21,701
- Trade debts +€5,650
up €5,650 (+685%), from €824 to €6,475
- Depreciation +€8,583
up €8,583 (+27.8%), from €30,871 to €39,454
- Gross operating margin +€6,873
up €6,873 (+13.7%), from €50,263 to €57,136
- Other operating charges -€1,314
down €1,314 (-12.7%), from €10,327 to €9,013
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 | €500,515 | €493,511 | -€7,004 | -1.4% |
| Fixed assets | 21/28 | €453,580 | €424,712 | -€28,867 | -6.4% |
| Tangible fixed assets | 22/27 | €453,580 | €424,712 | -€28,867 | -6.4% |
| Land and buildings | 22 | €414,827 | €391,138 | -€23,690 | -5.7% |
| Plant, machinery and equipment | 23 | €3,466 | €4,318 | +€851 | +24.6% |
| Furniture and vehicles | 24 | €35,286 | €29,257 | -€6,029 | -17.1% |
| Current assets | 29/58 | €46,936 | €68,799 | +€21,863 | +46.6% |
| Stocks and contracts in progress | 3 | €7,697 | €6,296 | -€1,400 | -18.2% |
| Stocks | 30/36 | €7,697 | €6,296 | -€1,400 | -18.2% |
| Amounts receivable within one year | 40/41 | €6,701 | €6,210 | -€491 | -7.3% |
| Trade receivables | 40 | €6,455 | €5,621 | -€834 | -12.9% |
| Other amounts receivable | 41 | €246 | €589 | +€343 | +140% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €31,479 | €21,026 | -€10,453 | -33.2% |
| Deferred charges and accrued income | 490/1 | €1,059 | €266 | -€793 | -74.9% |
| Total equity and liabilities | 10/49 | €500,515 | €493,511 | -€7,004 | -1.4% |
| Equity | 10/15 | €174,106 | €177,890 | +€3,784 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €154,106 | €157,890 | +€3,784 | +2.5% |
| Distributable reserves | 133 | €154,106 | €157,890 | +€3,784 | +2.5% |
| Amounts payable | 17/49 | €326,409 | €315,621 | -€10,788 | -3.3% |
| Amounts payable after more than one year | 17 | €285,000 | €285,000 | = | 0.0% |
| Financial debts | 170/4 | €285,000 | €285,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,409 | €28,867 | -€12,542 | -30.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €824 | €6,475 | +€5,650 | +685% |
| Suppliers | 440/4 | €824 | €6,475 | +€5,650 | +685% |
| Taxes, remuneration and social security | 45 | €11,804 | €691 | -€11,113 | -94.1% |
| Taxes | 450/3 | €11,804 | €691 | -€11,113 | -94.1% |
| Other amounts payable | 47/48 | €28,781 | €21,701 | -€7,079 | -24.6% |
| Accrued charges and deferred income | 492/3 | - | €1,754 | +€1,754 | |
| Non-recurring operating income | 76A | - | €6,942 | +€6,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,871 | €39,454 | +€8,583 | +27.8% |
| Other operating charges | 640/8 | €10,327 | €9,013 | -€1,314 | -12.7% |
| Gross operating margin | 9900 | €50,263 | €57,136 | +€6,873 | +13.7% |
| Operating profit (loss) | 9901 | €9,065 | €8,668 | -€396 | -4.4% |
| Financial income | 75/76B | €0 | €252 | +€252 | |
| Recurring financial income | 75 | €0 | €252 | +€252 | |
| Financial charges | 65/66B | €2,206 | €2,587 | +€381 | +17.3% |
| Recurring financial charges | 65 | €2,206 | €2,587 | +€381 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €6,859 | €6,334 | -€525 | -7.7% |
| Income taxes | 67/77 | €2,350 | €2,550 | +€200 | +8.5% |
| Profit (loss) for the period | 9904 | €4,508 | €3,784 | -€725 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,508 | €3,784 | -€725 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.