PROJECT CONSULT: 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 CONSULT
Largest movements
- Cash -€306,334
down €306,334 (-86.1%), from €355,917 to €49,583
mainly Current investments (-€300,000) and Net result for the year (-€36,130)
- Current investments +€300,000
up €300,000, from €0 to €300,000
- Tangible fixed assets -€34,036
down €34,036 (-41.0%), from €82,976 to €48,940
of which Furniture and vehicles: -€22,489
- Reserves -€36,130
down €36,130 (-8.6%), from €422,131 to €386,001
of which Distributable reserves: -€36,130
- Gross operating margin -€11,956
down €11,956 (-86.7%), from €13,791 to €1,835
- Financial income -€7,799
down €7,799 (-89.6%), from €8,703 to €904
- Depreciation -€154
down €154 (-0.5%), from €34,190 to €34,036
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 | €446,986 | €407,986 | -€39,000 | -8.7% |
| Fixed assets | 21/28 | €82,976 | €48,940 | -€34,036 | -41.0% |
| Tangible fixed assets | 22/27 | €82,976 | €48,940 | -€34,036 | -41.0% |
| Land and buildings | 22 | €47,873 | €36,326 | -€11,547 | -24.1% |
| Furniture and vehicles | 24 | €35,103 | €12,614 | -€22,489 | -64.1% |
| Current assets | 29/58 | €364,010 | €359,045 | -€4,965 | -1.4% |
| Amounts receivable within one year | 40/41 | €3,769 | €5,976 | +€2,208 | +58.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,769 | €5,976 | +€2,208 | +58.6% |
| Current investments | 50/53 | €0 | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €355,917 | €49,583 | -€306,334 | -86.1% |
| Deferred charges and accrued income | 490/1 | €4,324 | €3,486 | -€838 | -19.4% |
| Total equity and liabilities | 10/49 | €446,986 | €407,986 | -€39,000 | -8.7% |
| Equity | 10/15 | €442,131 | €406,001 | -€36,130 | -8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €422,131 | €386,001 | -€36,130 | -8.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €420,131 | €384,001 | -€36,130 | -8.6% |
| Amounts payable | 17/49 | €4,855 | €1,985 | -€2,870 | -59.1% |
| Amounts payable within one year | 42/48 | €3,484 | €1,617 | -€1,867 | -53.6% |
| Trade debts | 44 | €3,368 | €1,617 | -€1,751 | -52.0% |
| Suppliers | 440/4 | €3,368 | €1,617 | -€1,751 | -52.0% |
| Taxes, remuneration and social security | 45 | €116 | €0 | -€116 | -100.0% |
| Taxes | 450/3 | €116 | €0 | -€116 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,371 | €368 | -€1,003 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,190 | €34,036 | -€154 | -0.5% |
| Other operating charges | 640/8 | €4,805 | €4,749 | -€56 | -1.2% |
| Gross operating margin | 9900 | €13,791 | €1,835 | -€11,956 | -86.7% |
| Operating profit (loss) | 9901 | -€25,205 | -€36,950 | -€11,746 | -46.6% |
| Financial income | 75/76B | €8,703 | €904 | -€7,799 | -89.6% |
| Recurring financial income | 75 | €8,703 | €904 | -€7,799 | -89.6% |
| Financial charges | 65/66B | €1 | €84 | +€83 | +8650.0% |
| Recurring financial charges | 65 | €1 | €84 | +€83 | +8650.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,503 | -€36,130 | -€19,628 | -118.9% |
| Profit (loss) for the period | 9904 | -€16,503 | -€36,130 | -€19,628 | -118.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,503 | -€36,130 | -€19,628 | -118.9% |
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 2 October 2026 via checked.be.