PDF 2 PROJECT: 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.
PDF 2 PROJECT
Largest movements
- Cash -€6,559
down €6,559 (-11.7%), from €56,202 to €49,643
mainly Net result for the year (-€6,238) and Trade debts (-€546)
- Profit (loss) carried forward -€6,238
down €6,238 (-57.6%), from -€10,837 to -€17,075
- Gross operating margin +€564
up €564 (+9.6%), from -€5,848 to -€5,285
- Purchases and services -€564
down €564 (-9.6%), from €5,848 to €5,285
- Other operating charges -€298
down €298 (-27.7%), from €1,075 to €777
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 | €56,427 | €49,643 | -€6,784 | -12.0% |
| Current assets | 29/58 | €56,427 | €49,643 | -€6,784 | -12.0% |
| Amounts receivable within one year | 40/41 | €225 | €0 | -€225 | -100.0% |
| Trade receivables | 40 | €197 | €0 | -€197 | -100.0% |
| Other amounts receivable | 41 | €27 | €0 | -€27 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,202 | €49,643 | -€6,559 | -11.7% |
| Total equity and liabilities | 10/49 | €56,427 | €49,643 | -€6,784 | -12.0% |
| Equity | 10/15 | €50,664 | €44,425 | -€6,238 | -12.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,837 | -€17,075 | -€6,238 | -57.6% |
| Amounts payable | 17/49 | €5,763 | €5,218 | -€546 | -9.5% |
| Amounts payable within one year | 42/48 | €5,763 | €5,218 | -€546 | -9.5% |
| Trade debts | 44 | €5,763 | €5,218 | -€546 | -9.5% |
| Suppliers | 440/4 | €5,763 | €5,218 | -€546 | -9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,848 | €5,285 | -€564 | -9.6% |
| Other operating charges | 640/8 | €1,075 | €777 | -€298 | -27.7% |
| Gross operating margin | 9900 | -€5,848 | -€5,285 | +€564 | +9.6% |
| Operating profit (loss) | 9901 | -€6,924 | -€6,062 | +€862 | +12.4% |
| Financial charges | 65/66B | €172 | €176 | +€4 | +2.4% |
| Recurring financial charges | 65 | €172 | €176 | +€4 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,096 | -€6,238 | +€857 | +12.1% |
| Profit (loss) for the period | 9904 | -€7,096 | -€6,238 | +€857 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,096 | -€6,238 | +€857 | +12.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.