PROJECT BURO: 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 BURO
Largest movements
- Current investments +€11,758
new in 2025: €11,758
- Tangible fixed assets -€5,029
down €5,029 (-3.7%), from €134,596 to €129,567
of which Land and buildings: -€5,029
- Profit (loss) carried forward +€9,381
up €9,381 (+8.6%), from €109,064 to €118,444
- Tax, wage and social debts -€5,370
down €5,370 (-55.9%), from €9,611 to €4,241
- Gross operating margin -€2,203
down €2,203 (-8.0%), from €27,576 to €25,373
- Taxes -€549
down €549 (-10.8%), from €5,092 to €4,543
- Depreciation -€456
down €456 (-6.6%), from €6,953 to €6,497
- Financial income +€441
up €441 (+78.3%), from €564 to €1,005
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 | €253,765 | €258,837 | +€5,073 | +2.0% |
| Fixed assets | 21/28 | €134,596 | €129,567 | -€5,029 | -3.7% |
| Tangible fixed assets | 22/27 | €134,596 | €129,567 | -€5,029 | -3.7% |
| Land and buildings | 22 | €43,376 | €38,347 | -€5,029 | -11.6% |
| Other tangible fixed assets | 26 | €91,220 | €91,220 | = | 0.0% |
| Current assets | 29/58 | €119,168 | €129,270 | +€10,102 | +8.5% |
| Amounts receivable within one year | 40/41 | €13,154 | €13,002 | -€152 | -1.2% |
| Trade receivables | 40 | €784 | €784 | = | 0.0% |
| Other amounts receivable | 41 | €12,370 | €12,218 | -€152 | -1.2% |
| Current investments | 50/53 | - | €11,758 | +€11,758 | |
| Cash at bank and in hand | 54/58 | €105,149 | €103,620 | -€1,529 | -1.5% |
| Deferred charges and accrued income | 490/1 | €865 | €890 | +€25 | +2.8% |
| Total equity and liabilities | 10/49 | €253,765 | €258,837 | +€5,073 | +2.0% |
| Equity | 10/15 | €229,515 | €238,896 | +€9,381 | +4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €101,859 | €101,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,064 | €118,444 | +€9,381 | +8.6% |
| Amounts payable | 17/49 | €24,250 | €19,941 | -€4,308 | -17.8% |
| Amounts payable within one year | 42/48 | €24,250 | €19,941 | -€4,308 | -17.8% |
| Trade debts | 44 | €1,515 | €2,293 | +€778 | +51.3% |
| Suppliers | 440/4 | €1,515 | €2,293 | +€778 | +51.3% |
| Taxes, remuneration and social security | 45 | €9,611 | €4,241 | -€5,370 | -55.9% |
| Taxes | 450/3 | €9,611 | €4,241 | -€5,370 | -55.9% |
| Other amounts payable | 47/48 | €13,123 | €13,407 | +€284 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,953 | €6,497 | -€456 | -6.6% |
| Other operating charges | 640/8 | €1,838 | €1,896 | +€57 | +3.1% |
| Gross operating margin | 9900 | €27,576 | €25,373 | -€2,203 | -8.0% |
| Operating profit (loss) | 9901 | €18,785 | €16,981 | -€1,804 | -9.6% |
| Financial income | 75/76B | €564 | €1,005 | +€441 | +78.3% |
| Recurring financial income | 75 | €564 | €1,005 | +€441 | +78.3% |
| Financial charges | 65/66B | €89 | €347 | +€259 | +292.1% |
| Recurring financial charges | 65 | €89 | €347 | +€259 | +292.1% |
| Profit (loss) for the period before taxes | 9903 | €19,260 | €17,638 | -€1,622 | -8.4% |
| Income taxes | 67/77 | €5,092 | €4,543 | -€549 | -10.8% |
| Profit (loss) for the period | 9904 | €14,168 | €13,096 | -€1,072 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,168 | €13,096 | -€1,072 | -7.6% |
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.