Project Green: 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 Green
Largest movements
- Cash +€13,574
up €13,574 (+39.7%), from €34,195 to €47,768
mainly Net result for the year (+€37,051) and Trade debts (+€16,392)
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€37,051
up €37,051 (+1009.6%), from €3,670 to €40,720
- Trade debts +€16,392
up €16,392 (+66.2%), from €24,763 to €41,155
- Tax, wage and social debts +€9,926
up €9,926 (+409.5%), from €2,424 to €12,350
- Gross operating margin +€44,168
up €44,168 (+728.2%), from €6,065 to €50,233
- Taxes +€11,218
up €11,218 (+990.5%), from €1,133 to €12,350
- Financial income +€1,886
up €1,886 (+2395.1%), from €79 to €1,965
- Financial charges +€1,381
up €1,381 (+102.9%), from €1,342 to €2,723
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 | €88,857 | €102,226 | +€13,369 | +15.0% |
| Current assets | 29/58 | €88,857 | €102,226 | +€13,369 | +15.0% |
| Amounts receivable within one year | 40/41 | €53,509 | €53,738 | +€229 | +0.4% |
| Trade receivables | 40 | €53,509 | €36,788 | -€16,721 | -31.2% |
| Other amounts receivable | 41 | - | €16,950 | +€16,950 | |
| Cash at bank and in hand | 54/58 | €34,195 | €47,768 | +€13,574 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,153 | €719 | -€434 | -37.7% |
| Total equity and liabilities | 10/49 | €88,857 | €102,226 | +€13,369 | +15.0% |
| Equity | 10/15 | €11,670 | €48,720 | +€37,051 | +317.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €3,670 | €40,720 | +€37,051 | +1009.6% |
| Distributable reserves | 133 | €3,670 | €40,720 | +€37,051 | +1009.6% |
| Amounts payable | 17/49 | €77,187 | €53,505 | -€23,682 | -30.7% |
| Amounts payable within one year | 42/48 | €77,187 | €53,505 | -€23,682 | -30.7% |
| Trade debts | 44 | €24,763 | €41,155 | +€16,392 | +66.2% |
| Suppliers | 440/4 | €24,763 | €41,155 | +€16,392 | +66.2% |
| Taxes, remuneration and social security | 45 | €2,424 | €12,350 | +€9,926 | +409.5% |
| Taxes | 450/3 | €2,424 | €12,350 | +€9,926 | +409.5% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | €6,065 | €50,233 | +€44,168 | +728.2% |
| Operating profit (loss) | 9901 | €6,065 | €50,159 | +€44,093 | +727.0% |
| Financial income | 75/76B | €79 | €1,965 | +€1,886 | +2395.1% |
| Recurring financial income | 75 | €79 | €1,965 | +€1,886 | +2395.1% |
| Financial charges | 65/66B | €1,342 | €2,723 | +€1,381 | +102.9% |
| Recurring financial charges | 65 | €1,342 | €2,723 | +€1,381 | +102.9% |
| Profit (loss) for the period before taxes | 9903 | €4,802 | €49,401 | +€44,599 | +928.7% |
| Income taxes | 67/77 | €1,133 | €12,350 | +€11,218 | +990.5% |
| Profit (loss) for the period | 9904 | €3,670 | €37,051 | +€33,381 | +909.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,670 | €37,051 | +€33,381 | +909.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.