PROJECT en BOUW: 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 en BOUW
Largest movements
- Current investments +€455,000
new in 2025: €455,000
- Stocks and contracts -€133,803
down €133,803 (-24.6%), from €544,777 to €410,974
- Cash -€41,818
down €41,818 (-70.0%), from €59,714 to €17,896
mainly Current investments (-€455,000) and Debts after one year (-€20,623)
- Receivables within one year -€19,188
down €19,188 (-4.3%), from €443,625 to €424,438
of which Other amounts receivable: -€433,888
- Trade debts +€212,641
new in 2025: €212,641
- Other debts +€27,633
up €27,633 (+4.8%), from €579,958 to €607,592
- Reserves +€26,741
up €26,741 (+9.7%), from €274,779 to €301,520
of which Distributable reserves: +€26,741
- Debts after one year -€20,623
down €20,623 (-56.7%), from €36,396 to €15,773
- Gross operating margin +€65,360
up €65,360 (+1,451%), from €4,504 to €69,864
- Financial charges +€8,631
up €8,631 (+25.9%), from €33,376 to €42,007
- Financial income -€4,924
down €4,924 (-24.4%), from €20,171 to €15,247
- Taxes +€793
up €793, from €0 to €793
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 | €1,263,865 | €1,511,409 | +€247,544 | +19.6% |
| Fixed assets | 21/28 | €215,749 | €203,101 | -€12,648 | -5.9% |
| Tangible fixed assets | 22/27 | €215,749 | €203,101 | -€12,648 | -5.9% |
| Land and buildings | 22 | €215,749 | €203,101 | -€12,648 | -5.9% |
| Current assets | 29/58 | €1,048,116 | €1,308,308 | +€260,192 | +24.8% |
| Stocks and contracts in progress | 3 | €544,777 | €410,974 | -€133,803 | -24.6% |
| Stocks | 30/36 | €544,777 | €410,974 | -€133,803 | -24.6% |
| Amounts receivable within one year | 40/41 | €443,625 | €424,438 | -€19,188 | -4.3% |
| Trade receivables | 40 | - | €414,700 | +€414,700 | |
| Other amounts receivable | 41 | €443,625 | €9,738 | -€433,888 | -97.8% |
| Current investments | 50/53 | - | €455,000 | +€455,000 | |
| Cash at bank and in hand | 54/58 | €59,714 | €17,896 | -€41,818 | -70.0% |
| Total equity and liabilities | 10/49 | €1,263,865 | €1,511,409 | +€247,544 | +19.6% |
| Equity | 10/15 | €626,779 | €653,520 | +€26,741 | +4.3% |
| Contributions | 10/11 | €352,000 | €352,000 | = | 0.0% |
| Capital | 10 | €352,000 | €352,000 | = | 0.0% |
| Issued capital | 100 | €352,000 | €352,000 | = | 0.0% |
| Reserves | 13 | €274,779 | €301,520 | +€26,741 | +9.7% |
| Non-distributable reserves | 130/1 | €7,638 | €7,638 | = | 0.0% |
| Legal reserve | 130 | €7,638 | €7,638 | = | 0.0% |
| Distributable reserves | 133 | €267,141 | €293,882 | +€26,741 | +10.0% |
| Amounts payable | 17/49 | €637,087 | €857,890 | +€220,803 | +34.7% |
| Amounts payable after more than one year | 17 | €36,396 | €15,773 | -€20,623 | -56.7% |
| Financial debts | 170/4 | €36,396 | €15,773 | -€20,623 | -56.7% |
| Amounts payable within one year | 42/48 | €600,125 | €840,856 | +€240,731 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €20,167 | €20,623 | +€456 | +2.3% |
| Trade debts | 44 | - | €212,641 | +€212,641 | |
| Suppliers | 440/4 | - | €212,641 | +€212,641 | |
| Other amounts payable | 47/48 | €579,958 | €607,592 | +€27,633 | +4.8% |
| Accrued charges and deferred income | 492/3 | €566 | €1,261 | +€695 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,648 | €12,648 | = | 0.0% |
| Other operating charges | 640/8 | €3,088 | €2,922 | -€167 | -5.4% |
| Gross operating margin | 9900 | €4,504 | €69,864 | +€65,360 | +1,451% |
| Operating profit (loss) | 9901 | -€11,233 | €54,294 | +€65,527 | |
| Financial income | 75/76B | €20,171 | €15,247 | -€4,924 | -24.4% |
| Recurring financial income | 75 | €20,171 | €15,247 | -€4,924 | -24.4% |
| Financial charges | 65/66B | €33,376 | €42,007 | +€8,631 | +25.9% |
| Recurring financial charges | 65 | €33,376 | €42,007 | +€8,631 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,438 | €27,533 | +€51,972 | |
| Income taxes | 67/77 | €0 | €793 | +€793 | |
| Profit (loss) for the period | 9904 | -€24,438 | €26,741 | +€51,179 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,438 | €26,741 | +€51,179 |
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.