P.T.-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.
P.T.-PROJECTS
Largest movements
- Tangible fixed assets -€27,411
down €27,411 (-9.5%), from €287,443 to €260,033
of which Land and buildings: -€25,613
- Receivables within one year +€4,729
up €4,729 (+14.1%), from €33,630 to €38,359
of which Other amounts receivable: +€4,929
- Reserves -€32,565
down €32,565 (-13.2%), from €246,400 to €213,835
of which Distributable reserves: -€27,565
- Other debts +€5,938
up €5,938 (+22.3%), from €26,627 to €32,565
- Tax, wage and social debts +€4,864
up €4,864 (+68.3%), from €7,117 to €11,981
- Gross operating margin -€3,033
down €3,033 (-8.4%), from €36,076 to €33,043
- Taxes -€1,078
down €1,078 (-84.7%), from €1,273 to €195
- Other operating charges +€974
up €974 (+30.0%), from €3,249 to €4,223
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 | €326,632 | €302,425 | -€24,207 | -7.4% |
| Fixed assets | 21/28 | €287,443 | €260,033 | -€27,411 | -9.5% |
| Tangible fixed assets | 22/27 | €287,443 | €260,033 | -€27,411 | -9.5% |
| Land and buildings | 22 | €278,699 | €253,086 | -€25,613 | -9.2% |
| Plant, machinery and equipment | 23 | €8,744 | €6,946 | -€1,798 | -20.6% |
| Current assets | 29/58 | €39,189 | €42,393 | +€3,204 | +8.2% |
| Amounts receivable within one year | 40/41 | €33,630 | €38,359 | +€4,729 | +14.1% |
| Trade receivables | 40 | €24,200 | €24,000 | -€200 | -0.8% |
| Other amounts receivable | 41 | €9,430 | €14,359 | +€4,929 | +52.3% |
| Cash at bank and in hand | 54/58 | €5,559 | €4,034 | -€1,525 | -27.4% |
| Total equity and liabilities | 10/49 | €326,632 | €302,425 | -€24,207 | -7.4% |
| Equity | 10/15 | €285,522 | €253,739 | -€31,783 | -11.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €246,400 | €213,835 | -€32,565 | -13.2% |
| Non-distributable reserves | 130/1 | €5,000 | €0 | -€5,000 | -100% |
| Reserves not available under the articles | 1311 | €5,000 | €0 | -€5,000 | -100% |
| Distributable reserves | 133 | €241,400 | €213,835 | -€27,565 | -11.4% |
| Profit (loss) carried forward | 14 | €14,123 | €14,904 | +€782 | +5.5% |
| Amounts payable | 17/49 | €41,110 | €48,686 | +€7,576 | +18.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,110 | €48,686 | +€7,576 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €495 | €0 | -€495 | -100% |
| Trade debts | 44 | €6,872 | €4,140 | -€2,731 | -39.7% |
| Suppliers | 440/4 | €6,872 | €4,140 | -€2,731 | -39.7% |
| Taxes, remuneration and social security | 45 | €7,117 | €11,981 | +€4,864 | +68.3% |
| Taxes | 450/3 | €7,117 | €11,981 | +€4,864 | +68.3% |
| Other amounts payable | 47/48 | €26,627 | €32,565 | +€5,938 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,411 | €27,411 | = | 0.0% |
| Other operating charges | 640/8 | €3,249 | €4,223 | +€974 | +30.0% |
| Gross operating margin | 9900 | €36,076 | €33,043 | -€3,033 | -8.4% |
| Operating profit (loss) | 9901 | €5,416 | €1,409 | -€4,007 | -74.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €748 | €432 | -€316 | -42.2% |
| Recurring financial charges | 65 | €748 | €432 | -€316 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €4,668 | €977 | -€3,691 | -79.1% |
| Income taxes | 67/77 | €1,273 | €195 | -€1,078 | -84.7% |
| Profit (loss) for the period | 9904 | €3,395 | €782 | -€2,613 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,395 | €782 | -€2,613 | -77.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.