PROJECT COFFEE: 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 COFFEE
Largest movements
- Tangible fixed assets +€108,503
up €108,503 (+102.9%), from €105,453 to €213,956
of which Other tangible fixed assets: +€74,504
- Receivables within one year +€56,792
up €56,792 (+334.7%), from €16,967 to €73,759
of which Other amounts receivable: +€33,525
- Cash +€52,402
up €52,402 (+95.0%), from €55,185 to €107,586
mainly Net result for the year (+€174,827) and Trade debts (+€53,323)
- Intangible fixed assets +€42,140
new in 2025: €42,140
- Stocks and contracts +€22,500
up €22,500 (+180.0%), from €12,500 to €35,000
- Profit (loss) carried forward +€134,827
up €134,827 (+4157.4%), from €3,243 to €138,070
- Trade debts +€53,323
up €53,323 (+339.3%), from €15,713 to €69,036
- Debts after one year +€40,102
up €40,102 (+201.2%), from €19,933 to €60,035
- Reserves +€40,000
up €40,000 (+52.8%), from €75,737 to €115,737
- Tax, wage and social debts +€26,792
up €26,792 (+55.6%), from €48,184 to €74,976
of which Taxes: +€14,976
- Gross operating margin +€277,343
up €277,343 (+76.6%), from €361,946 to €639,289
- Staff costs +€90,200
up €90,200 (+36.8%), from €244,790 to €334,990
- Taxes +€45,118
up €45,118 (+172.5%), from €26,154 to €71,272
- Depreciation +€10,374
up €10,374 (+28.9%), from €35,911 to €46,285
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 | €191,436 | €483,528 | +€292,092 | +152.6% |
| Fixed assets | 21/28 | €105,953 | €258,566 | +€152,613 | +144.0% |
| Intangible fixed assets | 21 | - | €42,140 | +€42,140 | |
| Tangible fixed assets | 22/27 | €105,453 | €213,956 | +€108,503 | +102.9% |
| Plant, machinery and equipment | 23 | €57,228 | €80,715 | +€23,487 | +41.0% |
| Furniture and vehicles | 24 | €16,364 | €31,946 | +€15,582 | +95.2% |
| Leasing and similar rights | 25 | €6,181 | €1,111 | -€5,070 | -82.0% |
| Other tangible fixed assets | 26 | €25,680 | €100,184 | +€74,504 | +290.1% |
| Financial fixed assets | 28 | €500 | €2,470 | +€1,970 | +394.0% |
| Current assets | 29/58 | €85,483 | €224,962 | +€139,479 | +163.2% |
| Stocks and contracts in progress | 3 | €12,500 | €35,000 | +€22,500 | +180.0% |
| Stocks | 30/36 | €12,500 | €35,000 | +€22,500 | +180.0% |
| Amounts receivable within one year | 40/41 | €16,967 | €73,759 | +€56,792 | +334.7% |
| Trade receivables | 40 | €12,063 | €35,330 | +€23,267 | +192.9% |
| Other amounts receivable | 41 | €4,904 | €38,429 | +€33,525 | +683.6% |
| Cash at bank and in hand | 54/58 | €55,185 | €107,586 | +€52,402 | +95.0% |
| Deferred charges and accrued income | 490/1 | €832 | €8,616 | +€7,785 | +936.1% |
| Total equity and liabilities | 10/49 | €191,436 | €483,528 | +€292,092 | +152.6% |
| Equity | 10/15 | €94,480 | €269,307 | +€174,827 | +185.0% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €75,737 | €115,737 | +€40,000 | +52.8% |
| Distributable reserves | 133 | €75,737 | €115,737 | +€40,000 | +52.8% |
| Profit (loss) carried forward | 14 | €3,243 | €138,070 | +€134,827 | +4157.4% |
| Amounts payable | 17/49 | €96,956 | €214,221 | +€117,264 | +120.9% |
| Amounts payable after more than one year | 17 | €19,933 | €60,035 | +€40,102 | +201.2% |
| Financial debts | 170/4 | €19,933 | €60,035 | +€40,102 | +201.2% |
| Amounts payable within one year | 42/48 | €77,024 | €154,186 | +€77,162 | +100.2% |
| Current portion of amounts payable after more than one year | 42 | €12,830 | €8,792 | -€4,038 | -31.5% |
| Financial debts | 43 | €88 | €1,173 | +€1,084 | +1228.9% |
| Credit institutions | 430/8 | €88 | €1,173 | +€1,084 | +1228.9% |
| Trade debts | 44 | €15,713 | €69,036 | +€53,323 | +339.3% |
| Suppliers | 440/4 | €15,713 | €69,036 | +€53,323 | +339.3% |
| Advances received on contracts in progress | 46 | €209 | €209 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €48,184 | €74,976 | +€26,792 | +55.6% |
| Taxes | 450/3 | €21,386 | €36,361 | +€14,976 | +70.0% |
| Remuneration and social security | 454/9 | €26,798 | €38,615 | +€11,817 | +44.1% |
| Non-recurring operating income | 76A | €4,606 | - | -€4,606 | |
| Remuneration, social security and pensions | 62 | €244,790 | €334,990 | +€90,200 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,911 | €46,285 | +€10,374 | +28.9% |
| Other operating charges | 640/8 | €9,204 | €7,956 | -€1,248 | -13.6% |
| Gross operating margin | 9900 | €361,946 | €639,289 | +€277,343 | +76.6% |
| Operating profit (loss) | 9901 | €72,040 | €250,058 | +€178,017 | +247.1% |
| Financial income | 75/76B | €182 | €135 | -€46 | -25.5% |
| Recurring financial income | 75 | €182 | €135 | -€46 | -25.5% |
| Financial charges | 65/66B | €1,730 | €4,093 | +€2,363 | +136.6% |
| Recurring financial charges | 65 | €1,730 | €4,093 | +€2,363 | +136.6% |
| Profit (loss) for the period before taxes | 9903 | €70,492 | €246,100 | +€175,608 | +249.1% |
| Income taxes | 67/77 | €26,154 | €71,272 | +€45,118 | +172.5% |
| Profit (loss) for the period | 9904 | €44,338 | €174,827 | +€130,490 | +294.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,338 | €174,827 | +€130,490 | +294.3% |
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 4 October 2026 via checked.be.