PR 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.
PR PROJECTS
Largest movements
- Cash -€20,547
down €20,547 (-41.7%), from €49,266 to €28,719
mainly Debts after one year (-€20,441) and Investment in fixed assets (net) (-€14,234)
- Tangible fixed assets +€10,924
up €10,924 (+115.8%), from €9,430 to €20,354
of which Furniture and vehicles: +€11,339
- Receivables within one year -€1,561
down €1,561 (-7.2%), from €21,590 to €20,029
- Debts after one year -€20,441
no longer reported in 2025 (was €20,441)
- Other debts +€11,159
up €11,159 (+193.7%), from €5,762 to €16,921
- Reserves +€5,205
up €5,205 (+16.8%), from €30,922 to €36,127
- Tax, wage and social debts -€4,954
down €4,954 (-24.6%), from €20,145 to €15,191
of which Taxes: -€5,041
- Trade debts -€1,985
down €1,985 (-71.5%), from €2,776 to €791
- Depreciation +€1,715
up €1,715 (+91.2%), from €1,880 to €3,595
- Gross operating margin -€1,421
down €1,421 (-4.9%), from €29,145 to €27,724
- Taxes -€848
down €848 (-10.9%), from €7,789 to €6,941
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 | €83,046 | €72,030 | -€11,016 | -13.3% |
| Fixed assets | 21/28 | €10,555 | €21,194 | +€10,639 | +100.8% |
| Tangible fixed assets | 22/27 | €9,430 | €20,354 | +€10,924 | +115.8% |
| Plant, machinery and equipment | 23 | €6,979 | €5,117 | -€1,862 | -26.7% |
| Furniture and vehicles | 24 | €2,451 | €13,790 | +€11,339 | +462.6% |
| Other tangible fixed assets | 26 | - | €1,447 | +€1,447 | |
| Financial fixed assets | 28 | €1,125 | €840 | -€285 | -25.3% |
| Current assets | 29/58 | €72,491 | €50,836 | -€21,655 | -29.9% |
| Amounts receivable within one year | 40/41 | €21,590 | €20,029 | -€1,561 | -7.2% |
| Trade receivables | 40 | €21,590 | €20,029 | -€1,561 | -7.2% |
| Cash at bank and in hand | 54/58 | €49,266 | €28,719 | -€20,547 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,635 | €2,088 | +€453 | +27.7% |
| Total equity and liabilities | 10/49 | €83,046 | €72,030 | -€11,016 | -13.3% |
| Equity | 10/15 | €33,922 | €39,127 | +€5,205 | +15.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,922 | €36,127 | +€5,205 | +16.8% |
| Distributable reserves | 133 | €30,922 | €36,127 | +€5,205 | +16.8% |
| Amounts payable | 17/49 | €49,124 | €32,903 | -€16,221 | -33.0% |
| Amounts payable after more than one year | 17 | €20,441 | - | -€20,441 | |
| Other amounts payable | 178/9 | €20,441 | - | -€20,441 | |
| Amounts payable within one year | 42/48 | €28,683 | €32,903 | +€4,220 | +14.7% |
| Trade debts | 44 | €2,776 | €791 | -€1,985 | -71.5% |
| Suppliers | 440/4 | €2,776 | €791 | -€1,985 | -71.5% |
| Taxes, remuneration and social security | 45 | €20,145 | €15,191 | -€4,954 | -24.6% |
| Taxes | 450/3 | €16,536 | €11,495 | -€5,041 | -30.5% |
| Remuneration and social security | 454/9 | €3,609 | €3,696 | +€87 | +2.4% |
| Other amounts payable | 47/48 | €5,762 | €16,921 | +€11,159 | +193.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,880 | €3,595 | +€1,715 | +91.2% |
| Other operating charges | 640/8 | €63 | €244 | +€181 | +287.3% |
| Gross operating margin | 9900 | €29,145 | €27,724 | -€1,421 | -4.9% |
| Operating profit (loss) | 9901 | €27,202 | €23,885 | -€3,317 | -12.2% |
| Financial charges | 65/66B | €23 | €207 | +€184 | +800.0% |
| Recurring financial charges | 65 | €23 | €207 | +€184 | +800.0% |
| Profit (loss) for the period before taxes | 9903 | €27,179 | €23,678 | -€3,501 | -12.9% |
| Income taxes | 67/77 | €7,789 | €6,941 | -€848 | -10.9% |
| Profit (loss) for the period | 9904 | €19,390 | €16,737 | -€2,653 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,390 | €16,737 | -€2,653 | -13.7% |
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 11 October 2026 via checked.be.