ONGELEID PROJECTIEL: 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.
ONGELEID PROJECTIEL
Largest movements
- Intangible fixed assets +€25,036
up €25,036 (+18.9%), from €132,773 to €157,809
- Cash +€20,623
up €20,623 (+42.6%), from €48,445 to €69,068
mainly Depreciation (+€35,684) and Net result for the year (+€34,370)
- Receivables within one year +€13,398
up €13,398 (+32.9%), from €40,733 to €54,131
of which Trade receivables: +€18,642
- Reserves +€34,370
up €34,370 (+35.1%), from €98,028 to €132,398
- Tax, wage and social debts +€22,937
up €22,937 (+41.6%), from €55,200 to €78,137
of which Remuneration and social security: +€18,974
- Trade debts +€12,284
new in 2025: €12,284
- Other debts -€9,013
down €9,013 (-12.4%), from €72,806 to €63,793
- Staff costs +€57,105
up €57,105 (+71.2%), from €80,192 to €137,297
- Depreciation +€20,531
up €20,531 (+135.5%), from €15,153 to €35,684
- Taxes -€16,515
down €16,515 (-58.9%), from €28,046 to €11,531
- Gross operating margin -€2,939
down €2,939 (-1.3%), from €224,802 to €221,863
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 | €236,454 | €298,590 | +€62,136 | +26.3% |
| Fixed assets | 21/28 | €147,276 | €172,592 | +€25,316 | +17.2% |
| Intangible fixed assets | 21 | €132,773 | €157,809 | +€25,036 | +18.9% |
| Tangible fixed assets | 22/27 | €12,553 | €12,833 | +€281 | +2.2% |
| Furniture and vehicles | 24 | €12,553 | €7,394 | -€5,159 | -41.1% |
| Other tangible fixed assets | 26 | - | €5,439 | +€5,439 | |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €89,178 | €125,997 | +€36,819 | +41.3% |
| Amounts receivable within one year | 40/41 | €40,733 | €54,131 | +€13,398 | +32.9% |
| Trade receivables | 40 | €35,489 | €54,131 | +€18,642 | +52.5% |
| Other amounts receivable | 41 | €5,244 | - | -€5,244 | |
| Cash at bank and in hand | 54/58 | €48,445 | €69,068 | +€20,623 | +42.6% |
| Deferred charges and accrued income | 490/1 | - | €2,799 | +€2,799 | |
| Total equity and liabilities | 10/49 | €236,454 | €298,590 | +€62,136 | +26.3% |
| Equity | 10/15 | €108,028 | €142,398 | +€34,370 | +31.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €98,028 | €132,398 | +€34,370 | +35.1% |
| Distributable reserves | 133 | €98,028 | €132,398 | +€34,370 | +35.1% |
| Amounts payable | 17/49 | €128,426 | €156,191 | +€27,766 | +21.6% |
| Amounts payable within one year | 42/48 | €128,007 | €156,191 | +€28,185 | +22.0% |
| Trade debts | 44 | - | €12,284 | +€12,284 | |
| Suppliers | 440/4 | - | €12,284 | +€12,284 | |
| Advances received on contracts in progress | 46 | - | €1,977 | +€1,977 | |
| Taxes, remuneration and social security | 45 | €55,200 | €78,137 | +€22,937 | +41.6% |
| Taxes | 450/3 | €40,312 | €44,275 | +€3,964 | +9.8% |
| Remuneration and social security | 454/9 | €14,888 | €33,862 | +€18,974 | +127.4% |
| Other amounts payable | 47/48 | €72,806 | €63,793 | -€9,013 | -12.4% |
| Accrued charges and deferred income | 492/3 | €419 | - | -€419 | |
| Non-recurring operating income | 76A | - | €117 | +€117 | |
| Remuneration, social security and pensions | 62 | €80,192 | €137,297 | +€57,105 | +71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,153 | €35,684 | +€20,531 | +135.5% |
| Other operating charges | 640/8 | €254 | €458 | +€204 | +80.3% |
| Gross operating margin | 9900 | €224,802 | €221,863 | -€2,939 | -1.3% |
| Operating profit (loss) | 9901 | €129,203 | €48,424 | -€80,779 | -62.5% |
| Financial income | 75/76B | €159 | - | -€159 | |
| Recurring financial income | 75 | €159 | - | -€159 | |
| Financial charges | 65/66B | €3,288 | €2,523 | -€764 | -23.2% |
| Recurring financial charges | 65 | €3,288 | €2,523 | -€764 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €126,074 | €45,901 | -€80,173 | -63.6% |
| Income taxes | 67/77 | €28,046 | €11,531 | -€16,515 | -58.9% |
| Profit (loss) for the period | 9904 | €98,028 | €34,370 | -€63,658 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €98,028 | €34,370 | -€63,658 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.