PRO&PROJECT: 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.
PRO&PROJECT
Largest movements
- Cash +€14,399
up €14,399 (+24.2%), from €59,396 to €73,795
mainly Net result for the year (+€33,031) and Tax, wage and social debts (+€3,554)
- Receivables within one year +€3,685
up €3,685 (+44.7%), from €8,247 to €11,932
of which Trade receivables: +€2,308
- Profit (loss) carried forward +€33,031
up €33,031 (+149.8%), from €22,043 to €55,074
- Advances received -€16,557
no longer reported in 2025 (was €16,557)
- Tax, wage and social debts +€3,554
up €3,554 (+47.4%), from €7,490 to €11,044
- Other debts -€2,195
down €2,195 (-85.1%), from €2,580 to €385
- Gross operating margin +€14,279
up €14,279 (+47.2%), from €30,245 to €44,524
- Taxes +€3,624
up €3,624 (+49.0%), from €7,391 to €11,015
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 | €68,038 | €86,122 | +€18,084 | +26.6% |
| Fixed assets | 21/28 | €237 | €237 | = | 0.0% |
| Financial fixed assets | 28 | €237 | €237 | = | 0.0% |
| Current assets | 29/58 | €67,801 | €85,885 | +€18,084 | +26.7% |
| Amounts receivable within one year | 40/41 | €8,247 | €11,932 | +€3,685 | +44.7% |
| Trade receivables | 40 | €4,478 | €6,786 | +€2,308 | +51.5% |
| Other amounts receivable | 41 | €3,769 | €5,146 | +€1,377 | +36.5% |
| Cash at bank and in hand | 54/58 | €59,396 | €73,795 | +€14,399 | +24.2% |
| Deferred charges and accrued income | 490/1 | €158 | €158 | = | 0.0% |
| Total equity and liabilities | 10/49 | €68,038 | €86,122 | +€18,084 | +26.6% |
| Equity | 10/15 | €32,043 | €65,074 | +€33,031 | +103.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,043 | €55,074 | +€33,031 | +149.8% |
| Amounts payable | 17/49 | €35,995 | €21,048 | -€14,947 | -41.5% |
| Amounts payable within one year | 42/48 | €35,995 | €21,048 | -€14,947 | -41.5% |
| Trade debts | 44 | €9,368 | €9,619 | +€251 | +2.7% |
| Suppliers | 440/4 | €9,368 | €9,619 | +€251 | +2.7% |
| Advances received on contracts in progress | 46 | €16,557 | - | -€16,557 | |
| Taxes, remuneration and social security | 45 | €7,490 | €11,044 | +€3,554 | +47.4% |
| Taxes | 450/3 | €7,490 | €11,044 | +€3,554 | +47.4% |
| Other amounts payable | 47/48 | €2,580 | €385 | -€2,195 | -85.1% |
| Other operating charges | 640/8 | €721 | €295 | -€426 | -59.1% |
| Gross operating margin | 9900 | €30,245 | €44,524 | +€14,279 | +47.2% |
| Operating profit (loss) | 9901 | €29,524 | €44,229 | +€14,705 | +49.8% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €90 | €189 | +€99 | +110.0% |
| Recurring financial charges | 65 | €90 | €189 | +€99 | +110.0% |
| Profit (loss) for the period before taxes | 9903 | €29,434 | €44,046 | +€14,612 | +49.6% |
| Income taxes | 67/77 | €7,391 | €11,015 | +€3,624 | +49.0% |
| Profit (loss) for the period | 9904 | €22,043 | €33,031 | +€10,988 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,043 | €33,031 | +€10,988 | +49.8% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.