PROJEC'TOIT: 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.
PROJEC'TOIT
Largest movements
- Stocks and contracts +€6,863
up €6,863 (+138%), from €4,989 to €11,852
- Receivables within one year +€6,394
up €6,394 (+10.2%), from €62,666 to €69,060
of which Trade receivables: +€5,155
- Cash -€5,328
down €5,328 (-69.8%), from €7,637 to €2,309
mainly Stocks and contracts (-€6,863) and Receivables within one year (-€6,394)
- Tangible fixed assets +€3,608
up €3,608 (+108%), from €3,355 to €6,963
of which Furniture and vehicles: +€3,509
- Reserves +€15,729
up €15,729 (+50.2%), from €31,332 to €47,061
of which Distributable reserves: +€17,589
- Trade debts -€4,078
down €4,078 (-25.6%), from €15,940 to €11,862
- Tax, wage and social debts +€1,808
up €1,808 (+8.8%), from €20,600 to €22,408
of which Taxes: +€4,417
- Advances received -€1,779
down €1,779 (-78.1%), from €2,279 to €500
- Staff costs -€24,173
down €24,173 (-96.5%), from €25,057 to €884
- Gross operating margin -€12,106
down €12,106 (-27.1%), from €44,751 to €32,645
- Taxes +€4,447
up €4,447 (+174%), from €2,552 to €6,999
- Financial charges -€1,321
down €1,321 (-17.8%), from €7,417 to €6,096
of which Financial charges: -€1,653
- Other operating charges +€603
up €603 (+59.2%), from €1,018 to €1,621
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.
Derived cash bridge
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 | €79,596 | €91,276 | +€11,680 | +14.7% |
| Fixed assets | 21/28 | €3,355 | €6,963 | +€3,608 | +108% |
| Tangible fixed assets | 22/27 | €3,355 | €6,963 | +€3,608 | +108% |
| Plant, machinery and equipment | 23 | €2,777 | €2,876 | +€99 | +3.6% |
| Furniture and vehicles | 24 | €578 | €4,087 | +€3,509 | +607% |
| Current assets | 29/58 | €76,241 | €84,313 | +€8,072 | +10.6% |
| Stocks and contracts in progress | 3 | €4,989 | €11,852 | +€6,863 | +138% |
| Stocks | 30/36 | €4,989 | €11,852 | +€6,863 | +138% |
| Amounts receivable within one year | 40/41 | €62,666 | €69,060 | +€6,394 | +10.2% |
| Trade receivables | 40 | €27,417 | €32,572 | +€5,155 | +18.8% |
| Other amounts receivable | 41 | €35,249 | €36,488 | +€1,239 | +3.5% |
| Cash at bank and in hand | 54/58 | €7,637 | €2,309 | -€5,328 | -69.8% |
| Deferred charges and accrued income | 490/1 | €949 | €1,092 | +€143 | +15.1% |
| Total equity and liabilities | 10/49 | €79,596 | €91,276 | +€11,680 | +14.7% |
| Equity | 10/15 | €40,777 | €56,506 | +€15,729 | +38.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,332 | €47,061 | +€15,729 | +50.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €29,472 | €47,061 | +€17,589 | +59.7% |
| Profit (loss) carried forward | 14 | €3,245 | €3,245 | = | 0.0% |
| Amounts payable | 17/49 | €38,819 | €34,770 | -€4,049 | -10.4% |
| Amounts payable within one year | 42/48 | €38,819 | €34,770 | -€4,049 | -10.4% |
| Trade debts | 44 | €15,940 | €11,862 | -€4,078 | -25.6% |
| Suppliers | 440/4 | €15,940 | €11,862 | -€4,078 | -25.6% |
| Advances received on contracts in progress | 46 | €2,279 | €500 | -€1,779 | -78.1% |
| Taxes, remuneration and social security | 45 | €20,600 | €22,408 | +€1,808 | +8.8% |
| Taxes | 450/3 | €17,991 | €22,408 | +€4,417 | +24.6% |
| Remuneration and social security | 454/9 | €2,609 | - | -€2,609 | |
| Non-recurring operating income | 76A | €6,438 | - | -€6,438 | |
| Remuneration, social security and pensions | 62 | €25,057 | €884 | -€24,173 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,445 | €1,512 | +€67 | +4.6% |
| Other operating charges | 640/8 | €1,018 | €1,621 | +€603 | +59.2% |
| Gross operating margin | 9900 | €44,751 | €32,645 | -€12,106 | -27.1% |
| Operating profit (loss) | 9901 | €17,231 | €28,628 | +€11,397 | +66.1% |
| Financial income | 75/76B | €54 | €196 | +€142 | +263% |
| Recurring financial income | 75 | €54 | €196 | +€142 | +263% |
| Financial charges | 65/66B | €7,417 | €6,096 | -€1,321 | -17.8% |
| Recurring financial charges | 65 | €6,001 | €4,348 | -€1,653 | -27.5% |
| Non-recurring financial charges | 66B | €1,416 | €1,748 | +€332 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €9,868 | €22,728 | +€12,860 | +130% |
| Income taxes | 67/77 | €2,552 | €6,999 | +€4,447 | +174% |
| Profit (loss) for the period | 9904 | €7,316 | €15,729 | +€8,413 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €7,316 | €15,729 | +€8,413 | +115% |
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 17 October 2026 via checked.be.