Project-ADD: 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-ADD
Largest movements
- Current investments +€52,772
new in 2025: €52,772
- Receivables within one year +€29,093
up €29,093 (+55.9%), from €52,067 to €81,160
of which Trade receivables: +€29,156
- Profit (loss) carried forward +€79,297
up €79,297 (+148.6%), from €53,375 to €132,672
- Tax, wage and social debts +€18,368
up €18,368 (+73.8%), from €24,880 to €43,249
- Trade debts -€17,390
down €17,390 (-72.4%), from €24,007 to €6,616
- Gross operating margin +€34,800
up €34,800 (+50.0%), from €69,583 to €104,382
- Taxes +€6,897
up €6,897 (+50.3%), from €13,700 to €20,597
- Other operating charges +€1,832
up €1,832 (+215.9%), from €849 to €2,681
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 | €105,262 | €187,186 | +€81,924 | +77.8% |
| Formation expenses | 20 | €436 | - | -€436 | |
| Fixed assets | 21/28 | €1,444 | €2,312 | +€868 | +60.1% |
| Tangible fixed assets | 22/27 | €444 | €1,312 | +€868 | +195.6% |
| Furniture and vehicles | 24 | €444 | €1,312 | +€868 | +195.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €103,383 | €184,874 | +€81,492 | +78.8% |
| Amounts receivable within one year | 40/41 | €52,067 | €81,160 | +€29,093 | +55.9% |
| Trade receivables | 40 | €51,993 | €81,150 | +€29,156 | +56.1% |
| Other amounts receivable | 41 | €73 | €10 | -€63 | -86.3% |
| Current investments | 50/53 | - | €52,772 | +€52,772 | |
| Cash at bank and in hand | 54/58 | €49,869 | €49,404 | -€465 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,447 | €1,539 | +€92 | +6.4% |
| Total equity and liabilities | 10/49 | €105,262 | €187,186 | +€81,924 | +77.8% |
| Equity | 10/15 | €56,375 | €135,672 | +€79,297 | +140.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,375 | €132,672 | +€79,297 | +148.6% |
| Amounts payable | 17/49 | €48,887 | €51,514 | +€2,627 | +5.4% |
| Amounts payable within one year | 42/48 | €48,887 | €51,514 | +€2,627 | +5.4% |
| Trade debts | 44 | €24,007 | €6,616 | -€17,390 | -72.4% |
| Suppliers | 440/4 | €24,007 | €6,616 | -€17,390 | -72.4% |
| Taxes, remuneration and social security | 45 | €24,880 | €43,249 | +€18,368 | +73.8% |
| Taxes | 450/3 | €24,880 | €43,249 | +€18,368 | +73.8% |
| Other amounts payable | 47/48 | - | €1,649 | +€1,649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €539 | €958 | +€418 | +77.6% |
| Other operating charges | 640/8 | €849 | €2,681 | +€1,832 | +215.9% |
| Gross operating margin | 9900 | €69,583 | €104,382 | +€34,800 | +50.0% |
| Operating profit (loss) | 9901 | €68,195 | €100,744 | +€32,549 | +47.7% |
| Financial income | 75/76B | - | €636 | +€636 | |
| Recurring financial income | 75 | - | €636 | +€636 | |
| Financial charges | 65/66B | €1,120 | €1,486 | +€366 | +32.7% |
| Recurring financial charges | 65 | €1,120 | €1,486 | +€366 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €67,075 | €99,894 | +€32,818 | +48.9% |
| Income taxes | 67/77 | €13,700 | €20,597 | +€6,897 | +50.3% |
| Profit (loss) for the period | 9904 | €53,375 | €79,297 | +€25,922 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,375 | €79,297 | +€25,922 | +48.6% |
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 10 October 2026 via checked.be.