Project 57: 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.
Project 57
Largest movements
- Receivables within one year -€5,877
down €5,877 (-89.5%), from €6,569 to €692
of which Trade receivables: -€5,745
- Financial fixed assets +€900
new in 2025: €900
- Cash -€692
down €692 (-62.3%), from €1,110 to €418
mainly Net result for the year (-€4,351) and Trade debts (-€3,889)
- Deferred charges and accrued income +€401
new in 2025: €401
- Profit (loss) carried forward -€4,351
down €4,351 (-92.4%), from -€4,708 to -€9,059
- Trade debts -€3,889
down €3,889 (-96.0%), from €4,051 to €162
- Other debts +€2,897
up €2,897 (+32.6%), from €8,886 to €11,783
- Purchases and services +€8,081
up €8,081 (+254%), from €3,181 to €11,262
- Turnover +€5,421
up €5,421 (+223%), from €2,430 to €7,851
- Gross operating margin -€2,658
down €2,658 (-354%), from -€751 to -€3,409
- Other operating charges +€252
up €252 (+43.0%), from €586 to €838
- Financial charges -€86
down €86 (-75.4%), from €114 to €28
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.
Derived cash bridge
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 | €26,829 | €21,486 | -€5,343 | -19.9% |
| Fixed assets | 21/28 | €19,150 | €19,975 | +€825 | +4.3% |
| Tangible fixed assets | 22/27 | €19,150 | €19,075 | -€75 | -0.4% |
| Plant, machinery and equipment | 23 | €151 | €76 | -€75 | -49.7% |
| Furniture and vehicles | 24 | €469 | €469 | = | 0.0% |
| Other tangible fixed assets | 26 | €18,530 | €18,530 | = | 0.0% |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €7,679 | €1,511 | -€6,168 | -80.3% |
| Amounts receivable within one year | 40/41 | €6,569 | €692 | -€5,877 | -89.5% |
| Trade receivables | 40 | €5,745 | - | -€5,745 | |
| Other amounts receivable | 41 | €824 | €692 | -€132 | -16.0% |
| Cash at bank and in hand | 54/58 | €1,110 | €418 | -€692 | -62.3% |
| Deferred charges and accrued income | 490/1 | - | €401 | +€401 | |
| Total equity and liabilities | 10/49 | €26,829 | €21,486 | -€5,343 | -19.9% |
| Equity | 10/15 | €13,892 | €9,541 | -€4,351 | -31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,708 | -€9,059 | -€4,351 | -92.4% |
| Amounts payable | 17/49 | €12,937 | €11,945 | -€992 | -7.7% |
| Amounts payable within one year | 42/48 | €12,937 | €11,945 | -€992 | -7.7% |
| Trade debts | 44 | €4,051 | €162 | -€3,889 | -96.0% |
| Suppliers | 440/4 | €4,051 | €162 | -€3,889 | -96.0% |
| Other amounts payable | 47/48 | €8,886 | €11,783 | +€2,897 | +32.6% |
| Turnover | 70 | €2,430 | €7,851 | +€5,421 | +223% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,181 | €11,262 | +€8,081 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €76 | = | 0.0% |
| Other operating charges | 640/8 | €586 | €838 | +€252 | +43.0% |
| Gross operating margin | 9900 | -€751 | -€3,409 | -€2,658 | -354% |
| Operating profit (loss) | 9901 | -€1,413 | -€4,323 | -€2,910 | -206% |
| Financial charges | 65/66B | €114 | €28 | -€86 | -75.4% |
| Recurring financial charges | 65 | €114 | €28 | -€86 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,527 | -€4,351 | -€2,824 | -185% |
| Profit (loss) for the period | 9904 | -€1,527 | -€4,351 | -€2,824 | -185% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,527 | -€4,351 | -€2,824 | -185% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.