PROJECT&GO: 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&GO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€21,677
down €21,677 (-6.3%), from €344,534 to €322,857
- Profit (loss) carried forward +€15,318
new in 2025: €15,318
- Financial income +€6,620
new in 2025: €6,620
- Gross operating margin -€5,877
down €5,877 (-22.8%), from €25,785 to €19,908
- Taxes +€513
up €513 (+7.9%), from €6,526 to €7,039
- Other operating charges -€443
down €443 (-31.4%), from €1,411 to €968
- Depreciation -€259
down €259 (-9.2%), from €2,806 to €2,547
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 | €516,500 | €512,127 | -€4,373 | -0.8% |
| Fixed assets | 21/28 | €507,663 | €503,836 | -€3,827 | -0.8% |
| Tangible fixed assets | 22/27 | €7,663 | €3,836 | -€3,827 | -49.9% |
| Furniture and vehicles | 24 | €7,663 | €3,836 | -€3,827 | -49.9% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €8,837 | €8,291 | -€546 | -6.2% |
| Cash at bank and in hand | 54/58 | €8,837 | €8,291 | -€546 | -6.2% |
| Total equity and liabilities | 10/49 | €516,500 | €512,127 | -€4,373 | -0.8% |
| Equity | 10/15 | €143,099 | €158,418 | +€15,319 | +10.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €139,599 | €139,599 | +€0 | 0.0% |
| Distributable reserves | 133 | €139,599 | €139,599 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €15,318 | +€15,318 | |
| Amounts payable | 17/49 | €373,401 | €353,709 | -€19,692 | -5.3% |
| Amounts payable within one year | 42/48 | €373,401 | €353,709 | -€19,692 | -5.3% |
| Trade debts | 44 | €5,050 | €4,245 | -€805 | -15.9% |
| Suppliers | 440/4 | €5,050 | €4,245 | -€805 | -15.9% |
| Taxes, remuneration and social security | 45 | €23,817 | €26,608 | +€2,791 | +11.7% |
| Taxes | 450/3 | €23,817 | €26,608 | +€2,791 | +11.7% |
| Other amounts payable | 47/48 | €344,534 | €322,857 | -€21,677 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,806 | €2,547 | -€259 | -9.2% |
| Other operating charges | 640/8 | €1,411 | €968 | -€443 | -31.4% |
| Gross operating margin | 9900 | €25,785 | €19,908 | -€5,877 | -22.8% |
| Operating profit (loss) | 9901 | €21,568 | €16,392 | -€5,176 | -24.0% |
| Financial income | 75/76B | - | €6,620 | +€6,620 | |
| Recurring financial income | 75 | - | €6,620 | +€6,620 | |
| Financial charges | 65/66B | €679 | €656 | -€23 | -3.4% |
| Recurring financial charges | 65 | €679 | €656 | -€23 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €20,889 | €22,357 | +€1,468 | +7.0% |
| Income taxes | 67/77 | €6,526 | €7,039 | +€513 | +7.9% |
| Profit (loss) for the period | 9904 | €14,363 | €15,318 | +€955 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,363 | €15,318 | +€955 | +6.7% |
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 30 September 2026 via checked.be.