PROJECT BUILDING TEAM: 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 BUILDING TEAM
Largest movements
- Stocks and contracts +€162,950
up €162,950 (+4,656%), from €3,500 to €166,451
- Cash -€123,565
down €123,565 (-34.6%), from €356,881 to €233,316
mainly Stocks and contracts (-€162,950) and Contributions, distributions and other (-€33,958)
- Tangible fixed assets -€11,533
down €11,533 (-46.4%), from €24,874 to €13,340
of which Furniture and vehicles: -€9,362
- Receivables within one year -€10,822
down €10,822 (-34.3%), from €31,583 to €20,761
of which Trade receivables: -€13,902
- Other debts +€31,837
up €31,837 (+111%), from €28,651 to €60,488
- Debts after one year -€6,726
down €6,726 (-79.9%), from €8,419 to €1,692
- Reserves -€5,560
down €5,560 (-1.6%), from €342,081 to €336,521
- Gross operating margin -€30,613
down €30,613 (-18.3%), from €167,456 to €136,843
- Taxes -€9,878
down €9,878 (-44.9%), from €21,992 to €12,114
- Staff costs +€4,488
up €4,488 (+5.9%), from €76,157 to €80,645
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 | €426,672 | €448,033 | +€21,362 | +5.0% |
| Fixed assets | 21/28 | €29,844 | €18,311 | -€11,533 | -38.6% |
| Tangible fixed assets | 22/27 | €24,874 | €13,340 | -€11,533 | -46.4% |
| Plant, machinery and equipment | 23 | €5,202 | €3,226 | -€1,976 | -38.0% |
| Furniture and vehicles | 24 | €18,352 | €8,991 | -€9,362 | -51.0% |
| Other tangible fixed assets | 26 | €1,319 | €1,124 | -€195 | -14.8% |
| Financial fixed assets | 28 | €4,971 | €4,971 | = | 0.0% |
| Current assets | 29/58 | €396,827 | €429,722 | +€32,895 | +8.3% |
| Stocks and contracts in progress | 3 | €3,500 | €166,451 | +€162,950 | +4,656% |
| Stocks | 30/36 | €3,500 | €166,451 | +€162,950 | +4,656% |
| Amounts receivable within one year | 40/41 | €31,583 | €20,761 | -€10,822 | -34.3% |
| Trade receivables | 40 | €21,600 | €7,698 | -€13,902 | -64.4% |
| Other amounts receivable | 41 | €9,983 | €13,064 | +€3,080 | +30.9% |
| Cash at bank and in hand | 54/58 | €356,881 | €233,316 | -€123,565 | -34.6% |
| Deferred charges and accrued income | 490/1 | €4,863 | €9,195 | +€4,332 | +89.1% |
| Total equity and liabilities | 10/49 | €426,672 | €448,033 | +€21,362 | +5.0% |
| Equity | 10/15 | €367,081 | €361,521 | -€5,560 | -1.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €342,081 | €336,521 | -€5,560 | -1.6% |
| Distributable reserves | 133 | €342,081 | €336,521 | -€5,560 | -1.6% |
| Amounts payable | 17/49 | €59,590 | €86,512 | +€26,922 | +45.2% |
| Amounts payable after more than one year | 17 | €8,419 | €1,692 | -€6,726 | -79.9% |
| Financial debts | 170/4 | €8,419 | €1,692 | -€6,726 | -79.9% |
| Amounts payable within one year | 42/48 | €51,172 | €84,820 | +€33,648 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €6,656 | €6,726 | +€70 | +1.0% |
| Trade debts | 44 | €6,037 | €8,720 | +€2,683 | +44.4% |
| Suppliers | 440/4 | €6,037 | €8,720 | +€2,683 | +44.4% |
| Taxes, remuneration and social security | 45 | €9,828 | €8,886 | -€942 | -9.6% |
| Taxes | 450/3 | €982 | €2,211 | +€1,229 | +125% |
| Remuneration and social security | 454/9 | €8,846 | €6,675 | -€2,171 | -24.5% |
| Other amounts payable | 47/48 | €28,651 | €60,488 | +€31,837 | +111% |
| Remuneration, social security and pensions | 62 | €76,157 | €80,645 | +€4,488 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,177 | €11,533 | -€1,644 | -12.5% |
| Other operating charges | 640/8 | €2,399 | €3,723 | +€1,325 | +55.2% |
| Gross operating margin | 9900 | €167,456 | €136,843 | -€30,613 | -18.3% |
| Operating profit (loss) | 9901 | €75,723 | €40,942 | -€34,782 | -45.9% |
| Financial income | 75/76B | €69 | €66 | -€3 | -4.0% |
| Recurring financial income | 75 | €69 | €66 | -€3 | -4.0% |
| Financial charges | 65/66B | €404 | €496 | +€93 | +23.0% |
| Recurring financial charges | 65 | €404 | €496 | +€93 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €75,389 | €40,511 | -€34,877 | -46.3% |
| Income taxes | 67/77 | €21,992 | €12,114 | -€9,878 | -44.9% |
| Profit (loss) for the period | 9904 | €53,397 | €28,397 | -€25,000 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,397 | €28,397 | -€25,000 | -46.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.