OUTDOOR PROJECTS: 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.
OUTDOOR PROJECTS
Largest movements
- Financial fixed assets +€475,000
up €475,000 (+351851.9%), from €135 to €475,135
- Intangible fixed assets +€215,868
new in 2025: €215,868
- Stocks and contracts +€43,398
new in 2025: €43,398
- Tangible fixed assets +€42,196
up €42,196 (+1291.5%), from €3,267 to €45,464
of which Furniture and vehicles: +€35,333
- Receivables within one year +€42,065
up €42,065 (+537.0%), from €7,833 to €49,897
of which Trade receivables: +€47,659
- Debts after one year +€497,417
new in 2025: €497,417
- Current portion of long-term debt +€114,605
new in 2025: €114,605
- Trade debts +€94,489
up €94,489 (+331.0%), from €28,549 to €123,038
- Reserves +€75,520
up €75,520 (+91.5%), from €82,533 to €158,053
- Tax, wage and social debts +€13,097
up €13,097 (+373.2%), from €3,509 to €16,606
of which Taxes: +€7,297
- Gross operating margin +€307,920
up €307,920 (+1725.9%), from €17,842 to €325,761
- Staff costs +€158,696
new in 2025: €158,696
- Depreciation +€44,639
up €44,639 (+4070.1%), from €1,097 to €45,736
- Taxes +€23,483
up €23,483 (+669.2%), from €3,509 to €26,992
- Financial charges +€17,377
up €17,377 (+9758.0%), from €178 to €17,555
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 | €118,351 | €923,543 | +€805,192 | +680.3% |
| Fixed assets | 21/28 | €3,402 | €736,467 | +€733,064 | +21546.2% |
| Intangible fixed assets | 21 | - | €215,868 | +€215,868 | |
| Tangible fixed assets | 22/27 | €3,267 | €45,464 | +€42,196 | +1291.5% |
| Plant, machinery and equipment | 23 | €3,267 | €10,130 | +€6,863 | +210.1% |
| Furniture and vehicles | 24 | - | €35,333 | +€35,333 | |
| Financial fixed assets | 28 | €135 | €475,135 | +€475,000 | +351851.9% |
| Current assets | 29/58 | €114,949 | €187,076 | +€72,128 | +62.7% |
| Stocks and contracts in progress | 3 | - | €43,398 | +€43,398 | |
| Stocks | 30/36 | - | €43,398 | +€43,398 | |
| Amounts receivable within one year | 40/41 | €7,833 | €49,897 | +€42,065 | +537.0% |
| Trade receivables | 40 | €2,214 | €49,872 | +€47,659 | +2152.9% |
| Other amounts receivable | 41 | €5,619 | €25 | -€5,594 | -99.6% |
| Cash at bank and in hand | 54/58 | €107,116 | €92,523 | -€14,593 | -13.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,258 | +€1,258 | |
| Total equity and liabilities | 10/49 | €118,351 | €923,543 | +€805,192 | +680.3% |
| Equity | 10/15 | €84,533 | €160,053 | +€75,520 | +89.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €82,533 | €158,053 | +€75,520 | +91.5% |
| Distributable reserves | 133 | €82,533 | €158,053 | +€75,520 | +91.5% |
| Amounts payable | 17/49 | €33,818 | €763,490 | +€729,672 | +2157.7% |
| Amounts payable after more than one year | 17 | - | €497,417 | +€497,417 | |
| Financial debts | 170/4 | - | €497,417 | +€497,417 | |
| Amounts payable within one year | 42/48 | €33,818 | €266,072 | +€232,255 | +686.8% |
| Current portion of amounts payable after more than one year | 42 | - | €114,605 | +€114,605 | |
| Trade debts | 44 | €28,549 | €123,038 | +€94,489 | +331.0% |
| Suppliers | 440/4 | €28,549 | €123,038 | +€94,489 | +331.0% |
| Taxes, remuneration and social security | 45 | €3,509 | €16,606 | +€13,097 | +373.2% |
| Taxes | 450/3 | €3,509 | €10,807 | +€7,297 | +208.0% |
| Remuneration and social security | 454/9 | - | €5,800 | +€5,800 | |
| Other amounts payable | 47/48 | €1,759 | €11,823 | +€10,064 | +572.1% |
| Remuneration, social security and pensions | 62 | - | €158,696 | +€158,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,097 | €45,736 | +€44,639 | +4070.1% |
| Other operating charges | 640/8 | €499 | €1,263 | +€764 | +152.9% |
| Gross operating margin | 9900 | €17,842 | €325,761 | +€307,920 | +1725.9% |
| Operating profit (loss) | 9901 | €16,245 | €120,067 | +€103,821 | +639.1% |
| Financial income | 75/76B | €10 | €0 | -€9 | -96.9% |
| Recurring financial income | 75 | €10 | €0 | -€9 | -96.9% |
| Financial charges | 65/66B | €178 | €17,555 | +€17,377 | +9758.0% |
| Recurring financial charges | 65 | €178 | €17,555 | +€17,377 | +9758.0% |
| Profit (loss) for the period before taxes | 9903 | €16,077 | €102,512 | +€86,435 | +537.6% |
| Income taxes | 67/77 | €3,509 | €26,992 | +€23,483 | +669.2% |
| Profit (loss) for the period | 9904 | €12,568 | €75,520 | +€62,952 | +500.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,568 | €75,520 | +€62,952 | +500.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.