PLAN & PROJECT: what changed
PLAN & PROJECT
Largest movements
- Receivables within one year -€1,904
down €1,904 (-36.0%), from €5,288 to €3,384
of which Trade receivables: -€2,125
- Tangible fixed assets -€288
down €288 (-100%), from €288 to €0
- Cash +€187
up €187 (+11.6%), from €1,615 to €1,802
mainly Advances received (+€6,250) and Receivables within one year (+€1,904)
- Profit (loss) carried forward -€8,610
down €8,610 (-1,272%), from -€677 to -€9,287
- Advances received +€6,250
up €6,250 (+309%), from €2,022 to €8,272
- Tax, wage and social debts -€656
down €656 (-76.6%), from €857 to €200
- Other debts +€590
new in 2025: €590
- Trade debts +€430
up €430 (+14.0%), from €3,065 to €3,495
- Gross operating margin -€10,108
down €10,108, from €2,596 to -€7,512
- Other operating charges -€1,576
down €1,576 (-78.6%), from €2,004 to €428
- Depreciation -€1,262
down €1,262 (-81.4%), from €1,550 to €288
- Financial charges +€221
up €221 (+138%), from €160 to €382
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,266 | €5,270 | -€1,996 | -27.5% |
| Fixed assets | 21/28 | €288 | €0 | -€288 | -100% |
| Tangible fixed assets | 22/27 | €288 | €0 | -€288 | -100% |
| Furniture and vehicles | 24 | €288 | €0 | -€288 | -100% |
| Current assets | 29/58 | €6,978 | €5,270 | -€1,707 | -24.5% |
| Amounts receivable within one year | 40/41 | €5,288 | €3,384 | -€1,904 | -36.0% |
| Trade receivables | 40 | €5,205 | €3,080 | -€2,125 | -40.8% |
| Other amounts receivable | 41 | €83 | €304 | +€221 | +265% |
| Cash at bank and in hand | 54/58 | €1,615 | €1,802 | +€187 | +11.6% |
| Deferred charges and accrued income | 490/1 | €75 | €85 | +€10 | +13.1% |
| Total equity and liabilities | 10/49 | €7,266 | €5,270 | -€1,996 | -27.5% |
| Equity | 10/15 | €1,323 | -€7,287 | -€8,610 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€677 | -€9,287 | -€8,610 | -1,272% |
| Amounts payable | 17/49 | €5,943 | €12,558 | +€6,614 | +111% |
| Amounts payable within one year | 42/48 | €5,943 | €12,558 | +€6,614 | +111% |
| Trade debts | 44 | €3,065 | €3,495 | +€430 | +14.0% |
| Suppliers | 440/4 | €3,065 | €3,495 | +€430 | +14.0% |
| Advances received on contracts in progress | 46 | €2,022 | €8,272 | +€6,250 | +309% |
| Taxes, remuneration and social security | 45 | €857 | €200 | -€656 | -76.6% |
| Taxes | 450/3 | €857 | €200 | -€656 | -76.6% |
| Other amounts payable | 47/48 | - | €590 | +€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,550 | €288 | -€1,262 | -81.4% |
| Other operating charges | 640/8 | €2,004 | €428 | -€1,576 | -78.6% |
| Gross operating margin | 9900 | €2,596 | -€7,512 | -€10,108 | |
| Operating profit (loss) | 9901 | -€957 | -€8,228 | -€7,271 | -759% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €160 | €382 | +€221 | +138% |
| Recurring financial charges | 65 | €160 | €382 | +€221 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€1,112 | -€8,610 | -€7,498 | -674% |
| Profit (loss) for the period | 9904 | -€1,112 | -€8,610 | -€7,498 | -674% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,112 | -€8,610 | -€7,498 | -674% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.