Pprojects: 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.
Pprojects
Largest movements
- Cash +€25,799
up €25,799 (+148.4%), from €17,386 to €43,184
mainly Stocks and contracts (+€16,018) and Net result for the year (+€7,502)
- Stocks and contracts -€16,018
down €16,018 (-78.0%), from €20,531 to €4,513
of which Contracts in progress: -€14,940
- Financial fixed assets +€1,875
up €1,875 (+192.3%), from €975 to €2,850
- Tangible fixed assets -€1,537
down €1,537 (-19.7%), from €7,795 to €6,258
of which Furniture and vehicles: -€1,114
- Reserves +€7,502
up €7,502 (+27.7%), from €27,084 to €34,587
- Trade debts +€5,445
up €5,445 (+51.0%), from €10,674 to €16,119
- Tax, wage and social debts -€1,201
down €1,201 (-19.3%), from €6,226 to €5,025
- Gross operating margin -€2,181
down €2,181 (-13.2%), from €16,544 to €14,363
- Taxes -€1,020
down €1,020 (-26.0%), from €3,928 to €2,909
- Depreciation +€458
up €458 (+21.1%), from €2,173 to €2,631
- Financial income -€359
down €359 (-40.8%), from €880 to €521
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 | €58,546 | €69,710 | +€11,164 | +19.1% |
| Fixed assets | 21/28 | €8,770 | €9,108 | +€338 | +3.8% |
| Tangible fixed assets | 22/27 | €7,795 | €6,258 | -€1,537 | -19.7% |
| Plant, machinery and equipment | 23 | €1,026 | €1,652 | +€626 | +61.1% |
| Furniture and vehicles | 24 | €4,134 | €3,020 | -€1,114 | -27.0% |
| Other tangible fixed assets | 26 | €2,635 | €1,586 | -€1,049 | -39.8% |
| Financial fixed assets | 28 | €975 | €2,850 | +€1,875 | +192.3% |
| Current assets | 29/58 | €49,776 | €60,602 | +€10,826 | +21.8% |
| Stocks and contracts in progress | 3 | €20,531 | €4,513 | -€16,018 | -78.0% |
| Stocks | 30/36 | €5,590 | €4,513 | -€1,077 | -19.3% |
| Contracts in progress | 37 | €14,940 | - | -€14,940 | |
| Amounts receivable within one year | 40/41 | €11,825 | €12,283 | +€459 | +3.9% |
| Trade receivables | 40 | €7,660 | €12,283 | +€4,624 | +60.4% |
| Other amounts receivable | 41 | €4,165 | - | -€4,165 | |
| Cash at bank and in hand | 54/58 | €17,386 | €43,184 | +€25,799 | +148.4% |
| Deferred charges and accrued income | 490/1 | €35 | €622 | +€587 | +1670.8% |
| Total equity and liabilities | 10/49 | €58,546 | €69,710 | +€11,164 | +19.1% |
| Equity | 10/15 | €32,084 | €39,587 | +€7,502 | +23.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,084 | €34,587 | +€7,502 | +27.7% |
| Distributable reserves | 133 | €27,084 | €34,587 | +€7,502 | +27.7% |
| Amounts payable | 17/49 | €26,462 | €30,123 | +€3,661 | +13.8% |
| Amounts payable within one year | 42/48 | €26,449 | €30,123 | +€3,674 | +13.9% |
| Trade debts | 44 | €10,674 | €16,119 | +€5,445 | +51.0% |
| Suppliers | 440/4 | €10,674 | €16,119 | +€5,445 | +51.0% |
| Taxes, remuneration and social security | 45 | €6,226 | €5,025 | -€1,201 | -19.3% |
| Taxes | 450/3 | €6,226 | €5,025 | -€1,201 | -19.3% |
| Other amounts payable | 47/48 | €9,549 | €8,979 | -€570 | -6.0% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,173 | €2,631 | +€458 | +21.1% |
| Other operating charges | 640/8 | €887 | €978 | +€92 | +10.3% |
| Gross operating margin | 9900 | €16,544 | €14,363 | -€2,181 | -13.2% |
| Operating profit (loss) | 9901 | €13,485 | €10,754 | -€2,731 | -20.2% |
| Financial income | 75/76B | €880 | €521 | -€359 | -40.8% |
| Recurring financial income | 75 | €880 | €521 | -€359 | -40.8% |
| Financial charges | 65/66B | €823 | €864 | +€42 | +5.0% |
| Recurring financial charges | 65 | €823 | €864 | +€42 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €13,542 | €10,411 | -€3,131 | -23.1% |
| Income taxes | 67/77 | €3,928 | €2,909 | -€1,020 | -26.0% |
| Profit (loss) for the period | 9904 | €9,613 | €7,502 | -€2,111 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,613 | €7,502 | -€2,111 | -22.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.