Project Partner Belgium: 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 Partner Belgium
Largest movements
- Cash +€65,237
up €65,237 (+363%), from €17,954 to €83,191
mainly Net result for the year (+€75,307) and Depreciation (+€40,586)
- Tangible fixed assets -€40,586
down €40,586 (-6.1%), from €666,092 to €625,506
- Receivables within one year +€30,018
up €30,018 (+95.7%), from €31,355 to €61,373
of which Trade receivables: +€35,650
- Profit (loss) carried forward +€75,307
up €75,307, from -€34,167 to €41,139
- Debts after one year -€68,321
down €68,321 (-56.2%), from €121,491 to €53,170
- Tax, wage and social debts +€25,162
up €25,162 (+336%), from €7,498 to €32,661
- Other debts +€10,264
up €10,264 (+4.7%), from €216,700 to €226,964
- Trade debts +€9,427
up €9,427 (+70.4%), from €13,386 to €22,813
- Gross operating margin +€28,367
up €28,367 (+22.7%), from €124,702 to €153,069
- Taxes +€17,874
new in 2025: €17,874
- Other operating charges +€3,210
up €3,210 (+34.8%), from €9,218 to €12,428
- Financial charges -€2,801
down €2,801 (-29.4%), from €9,517 to €6,717
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 | €715,401 | €770,069 | +€54,669 | +7.6% |
| Fixed assets | 21/28 | €666,092 | €625,506 | -€40,586 | -6.1% |
| Tangible fixed assets | 22/27 | €666,092 | €625,506 | -€40,586 | -6.1% |
| Land and buildings | 22 | €666,092 | €625,506 | -€40,586 | -6.1% |
| Current assets | 29/58 | €49,309 | €144,564 | +€95,255 | +193% |
| Amounts receivable within one year | 40/41 | €31,355 | €61,373 | +€30,018 | +95.7% |
| Trade receivables | 40 | €19,899 | €55,549 | +€35,650 | +179% |
| Other amounts receivable | 41 | €11,456 | €5,824 | -€5,632 | -49.2% |
| Cash at bank and in hand | 54/58 | €17,954 | €83,191 | +€65,237 | +363% |
| Total equity and liabilities | 10/49 | €715,401 | €770,069 | +€54,669 | +7.6% |
| Equity | 10/15 | €290,833 | €366,139 | +€75,307 | +25.9% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,167 | €41,139 | +€75,307 | |
| Amounts payable | 17/49 | €424,568 | €403,930 | -€20,638 | -4.9% |
| Amounts payable after more than one year | 17 | €121,491 | €53,170 | -€68,321 | -56.2% |
| Financial debts | 170/4 | €121,491 | €53,170 | -€68,321 | -56.2% |
| Amounts payable within one year | 42/48 | €303,077 | €350,760 | +€47,683 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €65,492 | €68,321 | +€2,829 | +4.3% |
| Trade debts | 44 | €13,386 | €22,813 | +€9,427 | +70.4% |
| Suppliers | 440/4 | €13,386 | €22,813 | +€9,427 | +70.4% |
| Taxes, remuneration and social security | 45 | €7,498 | €32,661 | +€25,162 | +336% |
| Taxes | 450/3 | €7,498 | €32,661 | +€25,162 | +336% |
| Other amounts payable | 47/48 | €216,700 | €226,964 | +€10,264 | +4.7% |
| Remuneration, social security and pensions | 62 | - | €157 | +€157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,586 | €40,586 | = | 0.0% |
| Other operating charges | 640/8 | €9,218 | €12,428 | +€3,210 | +34.8% |
| Gross operating margin | 9900 | €124,702 | €153,069 | +€28,367 | +22.7% |
| Operating profit (loss) | 9901 | €74,898 | €99,897 | +€24,999 | +33.4% |
| Financial charges | 65/66B | €9,517 | €6,717 | -€2,801 | -29.4% |
| Recurring financial charges | 65 | €9,517 | €6,717 | -€2,801 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €65,380 | €93,180 | +€27,800 | +42.5% |
| Income taxes | 67/77 | - | €17,874 | +€17,874 | |
| Profit (loss) for the period | 9904 | €65,380 | €75,307 | +€9,926 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,380 | €75,307 | +€9,926 | +15.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.