PROJECT GROUP: 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 GROUP
Largest movements
- Cash +€10,656
up €10,656 (+81.6%), from €13,051 to €23,707
mainly Net result for the year (+€7,576) and Receivables within one year (+€2,935)
- Receivables within one year -€2,935
down €2,935 (-25.5%), from €11,511 to €8,576
of which Trade receivables: -€4,609
- Tangible fixed assets -€826
down €826 (-80.0%), from €1,033 to €207
- Profit (loss) carried forward +€7,576
up €7,576 (+178.6%), from €4,242 to €11,818
- Trade debts -€1,753
down €1,753 (-60.4%), from €2,903 to €1,150
- Tax, wage and social debts +€1,134
up €1,134, from €0 to €1,134
of which Remuneration and social security: +€1,134
- Gross operating margin +€22,026
up €22,026 (+364.1%), from €6,049 to €28,075
- Staff costs +€19,533
new in 2024: €19,533
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,695 | €34,590 | +€6,895 | +24.9% |
| Fixed assets | 21/28 | €3,133 | €2,307 | -€826 | -26.4% |
| Tangible fixed assets | 22/27 | €1,033 | €207 | -€826 | -80.0% |
| Furniture and vehicles | 24 | €1,033 | €207 | -€826 | -80.0% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €24,562 | €32,283 | +€7,721 | +31.4% |
| Amounts receivable within one year | 40/41 | €11,511 | €8,576 | -€2,935 | -25.5% |
| Trade receivables | 40 | €8,028 | €3,419 | -€4,609 | -57.4% |
| Other amounts receivable | 41 | €3,483 | €5,157 | +€1,674 | +48.1% |
| Cash at bank and in hand | 54/58 | €13,051 | €23,707 | +€10,656 | +81.6% |
| Total equity and liabilities | 10/49 | €27,695 | €34,590 | +€6,895 | +24.9% |
| Equity | 10/15 | €8,242 | €15,818 | +€7,576 | +91.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,242 | €11,818 | +€7,576 | +178.6% |
| Amounts payable | 17/49 | €19,453 | €18,772 | -€681 | -3.5% |
| Amounts payable within one year | 42/48 | €19,453 | €18,772 | -€681 | -3.5% |
| Trade debts | 44 | €2,903 | €1,150 | -€1,753 | -60.4% |
| Suppliers | 440/4 | €2,903 | €1,150 | -€1,753 | -60.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,134 | +€1,134 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | - | €1,134 | +€1,134 | |
| Other amounts payable | 47/48 | €16,550 | €16,488 | -€62 | -0.4% |
| Remuneration, social security and pensions | 62 | - | €19,533 | +€19,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €826 | +€206 | +33.3% |
| Other operating charges | 640/8 | €30 | €0 | -€30 | -100.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,049 | €28,075 | +€22,026 | +364.1% |
| Operating profit (loss) | 9901 | €5,399 | €7,716 | +€2,317 | +42.9% |
| Financial charges | 65/66B | €10 | €140 | +€130 | +1280.7% |
| Recurring financial charges | 65 | €10 | €140 | +€130 | +1280.7% |
| Profit (loss) for the period before taxes | 9903 | €5,389 | €7,576 | +€2,187 | +40.6% |
| Profit (loss) for the period | 9904 | €5,389 | €7,576 | +€2,187 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,389 | €7,576 | +€2,187 | +40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.