P&L 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.
P&L Projects
Largest movements
- Receivables after one year +€94,850
up €94,850 (+114.9%), from €82,543 to €177,393
- Tangible fixed assets +€71,554
up €71,554 (+492.9%), from €14,517 to €86,070
of which Furniture and vehicles: +€74,575
- Receivables within one year -€58,950
down €58,950 (-30.9%), from €190,662 to €131,712
of which Trade receivables: -€65,895
- Current investments -€19,828
down €19,828 (-17.8%), from €111,402 to €91,574
- Deferred charges and accrued income +€13,571
up €13,571 (+154.2%), from €8,798 to €22,369
- Other debts +€99,071
new in 2024: €99,071
- Profit (loss) carried forward +€25,615
up €25,615 (+423.4%), from €6,049 to €31,664
- Tax, wage and social debts -€10,119
down €10,119 (-82.7%), from €12,238 to €2,118
- Gross operating margin -€60,791
down €60,791 (-42.1%), from €144,250 to €83,459
- Write-downs +€56,000
new in 2024: €56,000
- Taxes -€34,815
down €34,815 (-85.8%), from €40,574 to €5,759
- Financial income +€4,708
up €4,708 (+35.0%), from €13,468 to €18,176
- Depreciation +€4,170
up €4,170 (+59.5%), from €7,008 to €11,178
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,567 | €573,634 | +€113,066 | +24.5% |
| Fixed assets | 21/28 | €43,123 | €114,678 | +€71,556 | +165.9% |
| Tangible fixed assets | 22/27 | €14,517 | €86,070 | +€71,554 | +492.9% |
| Plant, machinery and equipment | 23 | €1,764 | €778 | -€986 | -55.9% |
| Furniture and vehicles | 24 | €9,091 | €83,666 | +€74,575 | +820.3% |
| Other tangible fixed assets | 26 | €3,661 | €1,626 | -€2,035 | -55.6% |
| Financial fixed assets | 28 | €28,606 | €28,608 | +€2 | 0.0% |
| Current assets | 29/58 | €417,445 | €458,955 | +€41,511 | +9.9% |
| Amounts receivable after more than one year | 29 | €82,543 | €177,393 | +€94,850 | +114.9% |
| Other amounts receivable | 291 | €82,543 | €177,393 | +€94,850 | +114.9% |
| Amounts receivable within one year | 40/41 | €190,662 | €131,712 | -€58,950 | -30.9% |
| Trade receivables | 40 | €160,930 | €95,035 | -€65,895 | -40.9% |
| Other amounts receivable | 41 | €29,732 | €36,677 | +€6,945 | +23.4% |
| Current investments | 50/53 | €111,402 | €91,574 | -€19,828 | -17.8% |
| Cash at bank and in hand | 54/58 | €24,040 | €35,908 | +€11,869 | +49.4% |
| Deferred charges and accrued income | 490/1 | €8,798 | €22,369 | +€13,571 | +154.2% |
| Total equity and liabilities | 10/49 | €460,567 | €573,634 | +€113,066 | +24.5% |
| Equity | 10/15 | €446,454 | €472,069 | +€25,615 | +5.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €421,855 | €421,855 | = | 0.0% |
| Distributable reserves | 133 | €421,855 | €421,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,049 | €31,664 | +€25,615 | +423.4% |
| Amounts payable | 17/49 | €14,113 | €101,565 | +€87,452 | +619.6% |
| Amounts payable within one year | 42/48 | €14,113 | €101,565 | +€87,452 | +619.6% |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Other loans | 439 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €1,873 | €372 | -€1,501 | -80.1% |
| Suppliers | 440/4 | €1,873 | €372 | -€1,501 | -80.1% |
| Taxes, remuneration and social security | 45 | €12,238 | €2,118 | -€10,119 | -82.7% |
| Taxes | 450/3 | €12,238 | €2,118 | -€10,119 | -82.7% |
| Other amounts payable | 47/48 | - | €99,071 | +€99,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,008 | €11,178 | +€4,170 | +59.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €56,000 | +€56,000 | |
| Other operating charges | 640/8 | €693 | €705 | +€12 | +1.7% |
| Gross operating margin | 9900 | €144,250 | €83,459 | -€60,791 | -42.1% |
| Operating profit (loss) | 9901 | €136,549 | €15,576 | -€120,973 | -88.6% |
| Financial income | 75/76B | €13,468 | €18,176 | +€4,708 | +35.0% |
| Recurring financial income | 75 | €13,468 | €18,176 | +€4,708 | +35.0% |
| Financial charges | 65/66B | €272 | €2,378 | +€2,106 | +773.0% |
| Recurring financial charges | 65 | €272 | €2,378 | +€2,106 | +773.0% |
| Profit (loss) for the period before taxes | 9903 | €149,744 | €31,374 | -€118,371 | -79.0% |
| Income taxes | 67/77 | €40,574 | €5,759 | -€34,815 | -85.8% |
| Profit (loss) for the period | 9904 | €109,170 | €25,615 | -€83,555 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,170 | €25,615 | -€83,555 | -76.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.