PROJEA: 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.
PROJEA
Largest movements
- Tangible fixed assets +€147,346
new in 2024: €147,346
- Receivables within one year -€16,692
down €16,692 (-96.1%), from €17,378 to €686
of which Trade receivables: -€13,709
- Cash -€13,737
no longer reported in 2024 (was €13,737)
mainly Investment in fixed assets (net) (-€154,098) and Tax, wage and social debts (-€15,965)
- Reserves +€59,666
new in 2024: €59,666
of which Tax-exempt reserves: +€57,807
- Profit (loss) carried forward +€29,919
up €29,919, from -€4,882 to €25,038
- Debts after one year +€19,339
new in 2024: €19,339
- Tax, wage and social debts -€15,965
no longer reported in 2024 (was €15,965)
of which Taxes: -€11,429
- Provisions +€15,189
new in 2024: €15,189
- Turnover -€72,446
no longer reported in 2024 (was €72,446)
- Purchases and services -€61,428
down €61,428 (-89.6%), from €68,525 to €7,097
- Depreciation +€6,752
new in 2024: €6,752
- Taxes -€2,459
no longer reported in 2024 (was €2,459)
- Gross operating margin +€2,441
up €2,441 (+37.0%), from €6,603 to €9,044
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,115 | €148,194 | +€117,079 | +376.3% |
| Fixed assets | 21/28 | - | €147,346 | +€147,346 | |
| Tangible fixed assets | 22/27 | - | €147,346 | +€147,346 | |
| Land and buildings | 22 | - | €147,346 | +€147,346 | |
| Current assets | 29/58 | €31,115 | €848 | -€30,267 | -97.3% |
| Amounts receivable within one year | 40/41 | €17,378 | €686 | -€16,692 | -96.1% |
| Trade receivables | 40 | €13,709 | - | -€13,709 | |
| Other amounts receivable | 41 | €3,669 | €686 | -€2,983 | -81.3% |
| Cash at bank and in hand | 54/58 | €13,737 | - | -€13,737 | |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €31,115 | €148,194 | +€117,079 | +376.3% |
| Equity | 10/15 | €13,718 | €103,296 | +€89,578 | +653.0% |
| Contributions | 10/11 | €18,600 | €18,592 | -€8 | 0.0% |
| Capital | 10 | €18,600 | €18,592 | -€8 | 0.0% |
| Issued capital | 100 | €18,600 | €18,592 | -€8 | 0.0% |
| Reserves | 13 | - | €59,666 | +€59,666 | |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Legal reserve | 130 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | - | €57,807 | +€57,807 | |
| Profit (loss) carried forward | 14 | -€4,882 | €25,038 | +€29,919 | |
| Provisions and deferred taxes | 16 | - | €15,189 | +€15,189 | |
| Deferred taxes | 168 | - | €15,189 | +€15,189 | |
| Amounts payable | 17/49 | €17,397 | €29,709 | +€12,312 | +70.8% |
| Amounts payable after more than one year | 17 | - | €19,339 | +€19,339 | |
| Financial debts | 170/4 | - | €19,339 | +€19,339 | |
| Amounts payable within one year | 42/48 | €17,397 | €10,270 | -€7,126 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,098 | +€8,098 | |
| Financial debts | 43 | - | €2,172 | +€2,172 | |
| Credit institutions | 430/8 | - | €2,172 | +€2,172 | |
| Trade debts | 44 | €1,431 | - | -€1,431 | |
| Suppliers | 440/4 | €1,431 | - | -€1,431 | |
| Taxes, remuneration and social security | 45 | €15,965 | - | -€15,965 | |
| Taxes | 450/3 | €11,429 | - | -€11,429 | |
| Remuneration and social security | 454/9 | €4,537 | - | -€4,537 | |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Turnover | 70 | €72,446 | - | -€72,446 | |
| Goods, raw materials, services and sundry goods | 60/61 | €68,525 | €7,097 | -€61,428 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,752 | +€6,752 | |
| Other operating charges | 640/8 | €1,689 | €2,067 | +€378 | +22.4% |
| Gross operating margin | 9900 | €6,603 | €9,044 | +€2,441 | +37.0% |
| Operating profit (loss) | 9901 | €4,914 | €225 | -€4,689 | -95.4% |
| Financial charges | 65/66B | €179 | €2,379 | +€2,200 | +1225.6% |
| Recurring financial charges | 65 | €179 | €2,379 | +€2,200 | +1225.6% |
| Profit (loss) for the period before taxes | 9903 | €4,735 | -€2,154 | -€6,889 | |
| Transfer from deferred taxes | 780 | - | €949 | +€949 | |
| Income taxes | 67/77 | €2,459 | - | -€2,459 | |
| Profit (loss) for the period | 9904 | €2,276 | -€1,205 | -€3,481 | |
| Transfer from tax-exempt reserves | 789 | - | €2,441 | +€2,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,276 | €1,236 | -€1,040 | -45.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.