Projack: what changed
Two fiscal 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.
Projack
Largest movements
- Cash +€69,706
up €69,706 (+240.1%), from €29,031 to €98,737
mainly Trade debts (+€54,675) and Stocks and contracts (+€47,087)
- Stocks and contracts -€47,087
down €47,087 (-60.0%), from €78,414 to €31,327
- Receivables within one year +€32,977
up €32,977 (+133.0%), from €24,795 to €57,773
of which Trade receivables: +€33,830
- Trade debts +€54,675
up €54,675 (+204.1%), from €26,787 to €81,463
- Short-term financial debts -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Reserves +€27,001
up €27,001 (+722.8%), from €3,736 to €30,737
- Tax, wage and social debts +€22,768
up €22,768 (+2367.5%), from €962 to €23,729
- Gross operating margin +€31,393
up €31,393 (+513.4%), from €6,115 to €37,508
- Financial charges +€9,060
up €9,060 (+971.2%), from €933 to €9,993
- Financial income +€8,291
up €8,291 (+30005.7%), from €28 to €8,318
- Taxes +€6,239
up €6,239 (+648.7%), from €962 to €7,200
- Depreciation +€733
up €733 (+143.1%), from €512 to €1,244
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 | €133,485 | €187,967 | +€54,482 | +40.8% |
| Formation expenses | 20 | €1,244 | €0 | -€1,244 | -100.0% |
| Current assets | 29/58 | €132,240 | €187,967 | +€55,726 | +42.1% |
| Stocks and contracts in progress | 3 | €78,414 | €31,327 | -€47,087 | -60.0% |
| Contracts in progress | 37 | €78,414 | €31,327 | -€47,087 | -60.0% |
| Amounts receivable within one year | 40/41 | €24,795 | €57,773 | +€32,977 | +133.0% |
| Trade receivables | 40 | €20,497 | €54,327 | +€33,830 | +165.0% |
| Other amounts receivable | 41 | €4,298 | €3,445 | -€853 | -19.8% |
| Cash at bank and in hand | 54/58 | €29,031 | €98,737 | +€69,706 | +240.1% |
| Deferred charges and accrued income | 490/1 | - | €130 | +€130 | |
| Total equity and liabilities | 10/49 | €133,485 | €187,967 | +€54,482 | +40.8% |
| Equity | 10/15 | €5,736 | €32,737 | +€27,001 | +470.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,736 | €30,737 | +€27,001 | +722.8% |
| Distributable reserves | 133 | €3,736 | €30,737 | +€27,001 | +722.8% |
| Amounts payable | 17/49 | €127,749 | €155,230 | +€27,481 | +21.5% |
| Amounts payable within one year | 42/48 | €127,749 | €155,230 | +€27,481 | +21.5% |
| Financial debts | 43 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Credit institutions | 430/8 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Trade debts | 44 | €26,787 | €81,463 | +€54,675 | +204.1% |
| Suppliers | 440/4 | €26,787 | €81,463 | +€54,675 | +204.1% |
| Taxes, remuneration and social security | 45 | €962 | €23,729 | +€22,768 | +2367.5% |
| Taxes | 450/3 | €962 | €23,729 | +€22,768 | +2367.5% |
| Other amounts payable | 47/48 | - | €38 | +€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €1,244 | +€733 | +143.1% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €6,115 | €37,508 | +€31,393 | +513.4% |
| Operating profit (loss) | 9901 | €5,603 | €35,876 | +€30,274 | +540.3% |
| Financial income | 75/76B | €28 | €8,318 | +€8,291 | +30005.7% |
| Recurring financial income | 75 | €28 | €8,318 | +€8,291 | +30005.7% |
| Financial charges | 65/66B | €933 | €9,993 | +€9,060 | +971.2% |
| Recurring financial charges | 65 | €933 | €9,993 | +€9,060 | +971.2% |
| Profit (loss) for the period before taxes | 9903 | €4,698 | €34,202 | +€29,504 | +628.1% |
| Income taxes | 67/77 | €962 | €7,200 | +€6,239 | +648.7% |
| Profit (loss) for the period | 9904 | €3,736 | €27,001 | +€23,266 | +622.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,736 | €27,001 | +€23,266 | +622.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.