projecDS: 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.
projecDS
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€28,285
up €28,285 (+315.5%), from €8,965 to €37,250
of which Trade receivables: +€29,774
- Cash -€8,816
down €8,816 (-16.9%), from €52,121 to €43,305
mainly Current investments (-€100,000) and Contributions, distributions and other (-€56,067)
- Deferred charges and accrued income +€2,950
up €2,950 (+5500.5%), from €54 to €3,004
- Reserves +€115,137
up €115,137 (+205.4%), from €56,067 to €171,204
- Tax, wage and social debts +€4,227
up €4,227 (+180.0%), from €2,348 to €6,575
- Trade debts +€1,895
up €1,895 (+129.6%), from €1,463 to €3,358
- Gross operating margin +€200,144
up €200,144 (+724.4%), from €27,631 to €227,774
- Taxes +€48,046
up €48,046 (+823.0%), from €5,838 to €53,884
- Financial charges +€2,335
up €2,335 (+1404.8%), from €166 to €2,501
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 | €62,115 | €184,281 | +€122,165 | +196.7% |
| Fixed assets | 21/28 | €976 | €721 | -€255 | -26.1% |
| Tangible fixed assets | 22/27 | €976 | €721 | -€255 | -26.1% |
| Furniture and vehicles | 24 | €976 | €721 | -€255 | -26.1% |
| Current assets | 29/58 | €61,139 | €183,559 | +€122,420 | +200.2% |
| Amounts receivable within one year | 40/41 | €8,965 | €37,250 | +€28,285 | +315.5% |
| Trade receivables | 40 | €2,075 | €31,850 | +€29,774 | +1434.6% |
| Other amounts receivable | 41 | €6,890 | €5,401 | -€1,489 | -21.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €52,121 | €43,305 | -€8,816 | -16.9% |
| Deferred charges and accrued income | 490/1 | €54 | €3,004 | +€2,950 | +5500.5% |
| Total equity and liabilities | 10/49 | €62,115 | €184,281 | +€122,165 | +196.7% |
| Equity | 10/15 | €58,067 | €173,204 | +€115,137 | +198.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,067 | €171,204 | +€115,137 | +205.4% |
| Distributable reserves | 133 | €56,067 | €171,204 | +€115,137 | +205.4% |
| Amounts payable | 17/49 | €4,049 | €11,077 | +€7,028 | +173.6% |
| Amounts payable within one year | 42/48 | €3,987 | €10,944 | +€6,957 | +174.5% |
| Trade debts | 44 | €1,463 | €3,358 | +€1,895 | +129.6% |
| Suppliers | 440/4 | €1,463 | €3,358 | +€1,895 | +129.6% |
| Taxes, remuneration and social security | 45 | €2,348 | €6,575 | +€4,227 | +180.0% |
| Taxes | 450/3 | €2,348 | €6,575 | +€4,227 | +180.0% |
| Other amounts payable | 47/48 | €176 | €1,011 | +€835 | +474.9% |
| Accrued charges and deferred income | 492/3 | €62 | €132 | +€71 | +115.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €255 | = | 0.0% |
| Other operating charges | 640/8 | €187 | €907 | +€720 | +386.2% |
| Gross operating margin | 9900 | €27,631 | €227,774 | +€200,144 | +724.4% |
| Operating profit (loss) | 9901 | €27,189 | €226,613 | +€199,423 | +733.5% |
| Financial income | 75/76B | €758 | €976 | +€218 | +28.8% |
| Recurring financial income | 75 | €758 | €976 | +€218 | +28.8% |
| Financial charges | 65/66B | €166 | €2,501 | +€2,335 | +1404.8% |
| Recurring financial charges | 65 | €166 | €2,501 | +€2,335 | +1404.8% |
| Profit (loss) for the period before taxes | 9903 | €27,781 | €225,088 | +€197,307 | +710.2% |
| Income taxes | 67/77 | €5,838 | €53,884 | +€48,046 | +823.0% |
| Profit (loss) for the period | 9904 | €21,944 | €171,204 | +€149,260 | +680.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,944 | €171,204 | +€149,260 | +680.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.