PROJECT INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€6,774
down €6,774 (-4.4%), from €153,863 to €147,089
- Cash -€2,894
down €2,894 (-47.0%), from €6,152 to €3,258
mainly Net result for the year (-€6,185) and Other debts (-€5,994)
- Other debts -€5,994
down €5,994 (-3.8%), from €159,674 to €153,680
- Profit (loss) carried forward -€3,674
down €3,674 (-9.8%), from -€37,459 to -€41,134
- Gross operating margin +€1,004
up €1,004, from -€415 to €589
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 | €180,965 | €171,296 | -€9,668 | -5.3% |
| Fixed assets | 21/28 | €153,863 | €147,089 | -€6,774 | -4.4% |
| Tangible fixed assets | 22/27 | €153,863 | €147,089 | -€6,774 | -4.4% |
| Land and buildings | 22 | €153,863 | €147,089 | -€6,774 | -4.4% |
| Current assets | 29/58 | €27,102 | €24,208 | -€2,894 | -10.7% |
| Stocks and contracts in progress | 3 | €20,949 | €20,949 | = | 0.0% |
| Stocks | 30/36 | €20,949 | €20,949 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,152 | €3,258 | -€2,894 | -47.0% |
| Total equity and liabilities | 10/49 | €180,965 | €171,296 | -€9,668 | -5.3% |
| Equity | 10/15 | €21,291 | €17,616 | -€3,674 | -17.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,459 | -€41,134 | -€3,674 | -9.8% |
| Amounts payable | 17/49 | €159,674 | €153,680 | -€5,994 | -3.8% |
| Amounts payable within one year | 42/48 | €159,674 | €153,680 | -€5,994 | -3.8% |
| Other amounts payable | 47/48 | €159,674 | €153,680 | -€5,994 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,774 | €6,774 | = | 0.0% |
| Gross operating margin | 9900 | -€415 | €589 | +€1,004 | |
| Operating profit (loss) | 9901 | -€7,189 | -€6,185 | +€1,004 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,189 | -€6,185 | +€1,004 | +14.0% |
| Profit (loss) for the period | 9904 | -€7,189 | -€6,185 | +€1,004 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,189 | -€6,185 | +€1,004 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.