PROJ-IMMO B.P.: 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.
PROJ-IMMO B.P.
Largest movements
- Stocks and contracts -€454,897
no longer reported in 2025 (was €454,897)
- Cash +€126,657
up €126,657 (+5,946%), from €2,130 to €128,788
mainly Stocks and contracts (+€454,897) and Net result for the year (+€31,481)
- Other debts -€340,563
down €340,563 (-90.4%), from €376,701 to €36,137
- Reserves +€26,872
up €26,872 (+41.1%), from €65,363 to €92,234
- Trade debts -€16,222
down €16,222 (-99.6%), from €16,291 to €70
- Gross operating margin +€55,839
up €55,839, from -€782 to €55,057
- Taxes +€9,864
new in 2025: €9,864
- Financial charges +€9,805
up €9,805 (+473%), from €2,073 to €11,878
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 | €461,948 | €135,355 | -€326,593 | -70.7% |
| Fixed assets | 21/28 | €3,187 | €1,819 | -€1,369 | -42.9% |
| Tangible fixed assets | 22/27 | €3,187 | €1,819 | -€1,369 | -42.9% |
| Plant, machinery and equipment | 23 | €2,303 | €1,077 | -€1,227 | -53.2% |
| Furniture and vehicles | 24 | €884 | €742 | -€142 | -16.1% |
| Current assets | 29/58 | €458,760 | €133,536 | -€325,224 | -70.9% |
| Stocks and contracts in progress | 3 | €454,897 | - | -€454,897 | |
| Stocks | 30/36 | €454,897 | - | -€454,897 | |
| Amounts receivable within one year | 40/41 | €1,734 | €4,326 | +€2,592 | +150% |
| Trade receivables | 40 | - | €502 | +€502 | |
| Other amounts receivable | 41 | €1,734 | €3,824 | +€2,090 | +121% |
| Cash at bank and in hand | 54/58 | €2,130 | €128,788 | +€126,657 | +5,946% |
| Deferred charges and accrued income | 490/1 | - | €423 | +€423 | |
| Total equity and liabilities | 10/49 | €461,948 | €135,355 | -€326,593 | -70.7% |
| Equity | 10/15 | €66,953 | €98,434 | +€31,481 | +47.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,363 | €92,234 | +€26,872 | +41.1% |
| Distributable reserves | 133 | €65,363 | €92,234 | +€26,872 | +41.1% |
| Profit (loss) carried forward | 14 | -€4,610 | - | +€4,610 | |
| Amounts payable | 17/49 | €394,995 | €36,921 | -€358,074 | -90.7% |
| Amounts payable within one year | 42/48 | €392,992 | €36,921 | -€356,071 | -90.6% |
| Trade debts | 44 | €16,291 | €70 | -€16,222 | -99.6% |
| Suppliers | 440/4 | €16,291 | €70 | -€16,222 | -99.6% |
| Taxes, remuneration and social security | 45 | - | €714 | +€714 | |
| Taxes | 450/3 | - | €714 | +€714 | |
| Other amounts payable | 47/48 | €376,701 | €36,137 | -€340,563 | -90.4% |
| Accrued charges and deferred income | 492/3 | €2,003 | - | -€2,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367 | €1,369 | +€2 | +0.1% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | -€782 | €55,057 | +€55,839 | |
| Operating profit (loss) | 9901 | -€2,536 | €53,223 | +€55,759 | |
| Financial charges | 65/66B | €2,073 | €11,878 | +€9,805 | +473% |
| Recurring financial charges | 65 | €2,073 | €11,878 | +€9,805 | +473% |
| Profit (loss) for the period before taxes | 9903 | -€4,610 | €41,345 | +€45,954 | |
| Income taxes | 67/77 | - | €9,864 | +€9,864 | |
| Profit (loss) for the period | 9904 | -€4,610 | €31,481 | +€36,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,610 | €31,481 | +€36,091 |
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 22 October 2026 via checked.be.