PROGETTI: 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.
PROGETTI
Largest movements
- Receivables within one year -€300,326
down €300,326 (-72.7%), from €413,008 to €112,682
of which Trade receivables: -€299,750
- Cash +€78,750
up €78,750 (+1,032%), from €7,630 to €86,380
mainly Receivables within one year (+€300,326) and Investment in fixed assets (net) (+€74,151)
- Tangible fixed assets -€73,377
down €73,377 (-79.5%), from €92,250 to €18,873
of which Land and buildings: -€74,250
- Other debts -€306,080
down €306,080 (-99.4%), from €307,925 to €1,845
- Profit (loss) carried forward +€10,072
up €10,072 (+1.4%), from -€741,477 to -€731,405
- Trade debts -€5,608
down €5,608 (-70.2%), from €7,987 to €2,379
- Gross operating margin +€106,886
up €106,886, from -€91,074 to €15,812
- Depreciation -€10,557
down €10,557 (-97.7%), from €10,810 to €253
- Other operating charges +€1,740
up €1,740 (+47.6%), from €3,656 to €5,397
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.
Derived cash bridge
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 | €524,414 | €226,947 | -€297,467 | -56.7% |
| Fixed assets | 21/28 | €93,395 | €18,991 | -€74,404 | -79.7% |
| Tangible fixed assets | 22/27 | €92,250 | €18,873 | -€73,377 | -79.5% |
| Land and buildings | 22 | €92,250 | €18,000 | -€74,250 | -80.5% |
| Furniture and vehicles | 24 | - | €873 | +€873 | |
| Financial fixed assets | 28 | €1,145 | €118 | -€1,027 | -89.7% |
| Current assets | 29/58 | €431,019 | €207,956 | -€223,062 | -51.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €413,008 | €112,682 | -€300,326 | -72.7% |
| Trade receivables | 40 | €412,129 | €112,379 | -€299,750 | -72.7% |
| Other amounts receivable | 41 | €879 | €304 | -€576 | -65.5% |
| Cash at bank and in hand | 54/58 | €7,630 | €86,380 | +€78,750 | +1,032% |
| Deferred charges and accrued income | 490/1 | €10,380 | €8,893 | -€1,487 | -14.3% |
| Total equity and liabilities | 10/49 | €524,414 | €226,947 | -€297,467 | -56.7% |
| Equity | 10/15 | €206,223 | €216,295 | +€10,072 | +4.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €847,700 | €847,700 | = | 0.0% |
| Distributable reserves | 133 | €847,700 | €847,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€741,477 | -€731,405 | +€10,072 | +1.4% |
| Amounts payable | 17/49 | €318,191 | €10,653 | -€307,539 | -96.7% |
| Amounts payable within one year | 42/48 | €316,813 | €9,534 | -€307,279 | -97.0% |
| Trade debts | 44 | €7,987 | €2,379 | -€5,608 | -70.2% |
| Suppliers | 440/4 | €7,987 | €2,379 | -€5,608 | -70.2% |
| Taxes, remuneration and social security | 45 | €901 | €5,310 | +€4,409 | +489% |
| Taxes | 450/3 | €901 | €5,310 | +€4,409 | +489% |
| Other amounts payable | 47/48 | €307,925 | €1,845 | -€306,080 | -99.4% |
| Accrued charges and deferred income | 492/3 | €1,378 | €1,119 | -€259 | -18.8% |
| Non-recurring operating income | 76A | - | €8,910 | +€8,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,810 | €253 | -€10,557 | -97.7% |
| Other operating charges | 640/8 | €3,656 | €5,397 | +€1,740 | +47.6% |
| Gross operating margin | 9900 | -€91,074 | €15,812 | +€106,886 | |
| Operating profit (loss) | 9901 | -€105,540 | €10,162 | +€115,703 | |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | €126 | €150 | +€24 | +18.7% |
| Recurring financial charges | 65 | €126 | €150 | +€24 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€105,667 | €10,072 | +€115,739 | |
| Profit (loss) for the period | 9904 | -€105,667 | €10,072 | +€115,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,667 | €10,072 | +€115,739 |
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 16 October 2026 via checked.be.