PROJECT CARE: 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 CARE
Largest movements
- Cash +€24,389
up €24,389 (+18.2%), from €133,730 to €158,119
mainly Net result for the year (+€45,624) and Receivables within one year (+€17,092)
- Receivables within one year -€17,092
down €17,092 (-51.8%), from €33,012 to €15,920
of which Other amounts receivable: -€13,380
- Reserves +€5,409
up €5,409 (+3.4%), from €159,753 to €165,162
- Gross operating margin +€18,109
up €18,109 (+34.9%), from €51,917 to €70,026
- Taxes +€5,685
up €5,685 (+38.4%), from €14,810 to €20,494
- Depreciation +€1,491
up €1,491 (+86.9%), from €1,717 to €3,208
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 | €234,716 | €240,909 | +€6,194 | +2.6% |
| Fixed assets | 21/28 | €12,785 | €11,675 | -€1,111 | -8.7% |
| Tangible fixed assets | 22/27 | €12,285 | €11,175 | -€1,111 | -9.0% |
| Plant, machinery and equipment | 23 | €12,285 | €11,175 | -€1,111 | -9.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €221,930 | €229,235 | +€7,305 | +3.3% |
| Amounts receivable within one year | 40/41 | €33,012 | €15,920 | -€17,092 | -51.8% |
| Trade receivables | 40 | €15,672 | €11,960 | -€3,713 | -23.7% |
| Other amounts receivable | 41 | €17,340 | €3,960 | -€13,380 | -77.2% |
| Current investments | 50/53 | €54,966 | €54,966 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133,730 | €158,119 | +€24,389 | +18.2% |
| Deferred charges and accrued income | 490/1 | €222 | €230 | +€8 | +3.5% |
| Total equity and liabilities | 10/49 | €234,716 | €240,909 | +€6,194 | +2.6% |
| Equity | 10/15 | €220,588 | €225,996 | +€5,409 | +2.5% |
| Reserves | 13 | €159,753 | €165,162 | +€5,409 | +3.4% |
| Distributable reserves | 133 | €159,753 | €165,162 | +€5,409 | +3.4% |
| Profit (loss) carried forward | 14 | €60,835 | €60,835 | = | 0.0% |
| Amounts payable | 17/49 | €14,128 | €14,913 | +€785 | +5.6% |
| Amounts payable within one year | 42/48 | €14,128 | €14,913 | +€785 | +5.6% |
| Trade debts | 44 | €3,274 | €1,781 | -€1,494 | -45.6% |
| Suppliers | 440/4 | €3,274 | €1,781 | -€1,494 | -45.6% |
| Taxes, remuneration and social security | 45 | €10,853 | €12,030 | +€1,177 | +10.8% |
| Taxes | 450/3 | €10,853 | €12,030 | +€1,177 | +10.8% |
| Other amounts payable | 47/48 | - | €1,102 | +€1,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,717 | €3,208 | +€1,491 | +86.9% |
| Other operating charges | 640/8 | €1,258 | €1,103 | -€155 | -12.3% |
| Gross operating margin | 9900 | €51,917 | €70,026 | +€18,109 | +34.9% |
| Operating profit (loss) | 9901 | €48,942 | €65,715 | +€16,772 | +34.3% |
| Financial income | 75/76B | €432 | €518 | +€86 | +20.0% |
| Recurring financial income | 75 | €432 | €518 | +€86 | +20.0% |
| Financial charges | 65/66B | €66 | €114 | +€49 | +73.7% |
| Recurring financial charges | 65 | €66 | €114 | +€49 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €49,308 | €66,119 | +€16,810 | +34.1% |
| Income taxes | 67/77 | €14,810 | €20,494 | +€5,685 | +38.4% |
| Profit (loss) for the period | 9904 | €34,498 | €45,624 | +€11,126 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,498 | €45,624 | +€11,126 | +32.3% |
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 17 October 2026 via checked.be.