PROJECT 4U: 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.
PROJECT 4U
Largest movements
- Cash +€15,459
up €15,459 (+30.5%), from €50,727 to €66,186
mainly Net result for the year (+€14,854) and Trade debts (+€605)
- Profit (loss) carried forward +€14,854
up €14,854 (+18.3%), from -€81,273 to -€66,419
- Gross operating margin +€4,794
up €4,794 (+41.7%), from €11,496 to €16,290
- Other operating charges -€724
down €724 (-36.9%), from €1,962 to €1,238
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 | €50,727 | €66,186 | +€15,459 | +30.5% |
| Current assets | 29/58 | €50,727 | €66,186 | +€15,459 | +30.5% |
| Cash at bank and in hand | 54/58 | €50,727 | €66,186 | +€15,459 | +30.5% |
| Total equity and liabilities | 10/49 | €50,727 | €66,186 | +€15,459 | +30.5% |
| Equity | 10/15 | €50,727 | €65,581 | +€14,854 | +29.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,273 | -€66,419 | +€14,854 | +18.3% |
| Amounts payable | 17/49 | - | €605 | +€605 | |
| Amounts payable within one year | 42/48 | - | €605 | +€605 | |
| Trade debts | 44 | - | €605 | +€605 | |
| Suppliers | 440/4 | - | €605 | +€605 | |
| Other operating charges | 640/8 | €1,962 | €1,238 | -€724 | -36.9% |
| Gross operating margin | 9900 | €11,496 | €16,290 | +€4,794 | +41.7% |
| Operating profit (loss) | 9901 | €9,534 | €15,052 | +€5,518 | +57.9% |
| Financial charges | 65/66B | €285 | €197 | -€88 | -30.7% |
| Recurring financial charges | 65 | €285 | €197 | -€88 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €9,249 | €14,854 | +€5,605 | +60.6% |
| Profit (loss) for the period | 9904 | €9,249 | €14,854 | +€5,605 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,249 | €14,854 | +€5,605 | +60.6% |
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 5 October 2026 via checked.be.