Project Point: 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 Point
Largest movements
- Cash -€87,917
down €87,917 (-95.8%), from €91,764 to €3,847
mainly Other debts (-€86,778) and Receivables within one year (-€32,053)
- Receivables within one year +€32,053
up €32,053 (+189.2%), from €16,940 to €48,993
- Tangible fixed assets -€7,572
down €7,572 (-31.0%), from €24,465 to €16,892
of which Furniture and vehicles: -€9,031
- Other debts -€86,778
down €86,778 (-68.5%), from €126,604 to €39,826
- Reserves +€58,973
new in 2025: €58,973
- Tax, wage and social debts -€29,147
down €29,147 (-38.5%), from €75,665 to €46,519
- Trade debts -€6,327
down €6,327 (-69.9%), from €9,052 to €2,724
- Debts after one year -€4,810
no longer reported in 2025 (was €4,810)
- Gross operating margin +€61,107
up €61,107 (+166.7%), from €36,651 to €97,758
- Taxes +€17,153
up €17,153 (+7217.1%), from €238 to €17,390
- Financial charges -€11,529
down €11,529 (-75.9%), from €15,189 to €3,660
of which Financial charges: -€7,499
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 | €134,026 | €70,304 | -€63,722 | -47.5% |
| Fixed assets | 21/28 | €24,465 | €16,892 | -€7,572 | -31.0% |
| Tangible fixed assets | 22/27 | €24,465 | €16,892 | -€7,572 | -31.0% |
| Plant, machinery and equipment | 23 | - | €1,458 | +€1,458 | |
| Furniture and vehicles | 24 | €24,465 | €15,434 | -€9,031 | -36.9% |
| Current assets | 29/58 | €109,561 | €53,411 | -€56,150 | -51.2% |
| Amounts receivable within one year | 40/41 | €16,940 | €48,993 | +€32,053 | +189.2% |
| Trade receivables | 40 | €16,940 | €48,993 | +€32,053 | +189.2% |
| Cash at bank and in hand | 54/58 | €91,764 | €3,847 | -€87,917 | -95.8% |
| Deferred charges and accrued income | 490/1 | €857 | €572 | -€285 | -33.3% |
| Total equity and liabilities | 10/49 | €134,026 | €70,304 | -€63,722 | -47.5% |
| Equity | 10/15 | -€86,914 | -€27,941 | +€58,973 | +67.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €58,973 | +€58,973 | |
| Distributable reserves | 133 | - | €58,973 | +€58,973 | |
| Profit (loss) carried forward | 14 | -€92,914 | -€92,914 | = | 0.0% |
| Amounts payable | 17/49 | €220,940 | €98,244 | -€122,695 | -55.5% |
| Amounts payable after more than one year | 17 | €4,810 | - | -€4,810 | |
| Financial debts | 170/4 | €4,810 | - | -€4,810 | |
| Amounts payable within one year | 42/48 | €216,130 | €98,244 | -€117,886 | -54.5% |
| Current portion of amounts payable after more than one year | 42 | €4,810 | €4,810 | = | 0.0% |
| Financial debts | 43 | - | €4,366 | +€4,366 | |
| Credit institutions | 430/8 | - | €4,366 | +€4,366 | |
| Trade debts | 44 | €9,052 | €2,724 | -€6,327 | -69.9% |
| Suppliers | 440/4 | €9,052 | €2,724 | -€6,327 | -69.9% |
| Taxes, remuneration and social security | 45 | €75,665 | €46,519 | -€29,147 | -38.5% |
| Taxes | 450/3 | €75,665 | €46,519 | -€29,147 | -38.5% |
| Other amounts payable | 47/48 | €126,604 | €39,826 | -€86,778 | -68.5% |
| Remuneration, social security and pensions | 62 | €4,155 | €4,494 | +€339 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,010 | €9,163 | +€154 | +1.7% |
| Other operating charges | 640/8 | €4,341 | €4,077 | -€264 | -6.1% |
| Gross operating margin | 9900 | €36,651 | €97,758 | +€61,107 | +166.7% |
| Operating profit (loss) | 9901 | €19,145 | €80,024 | +€60,879 | +318.0% |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.7% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.7% |
| Financial charges | 65/66B | €15,189 | €3,660 | -€11,529 | -75.9% |
| Recurring financial charges | 65 | €11,159 | €3,660 | -€7,499 | -67.2% |
| Non-recurring financial charges | 66B | €4,030 | - | -€4,030 | |
| Profit (loss) for the period before taxes | 9903 | €3,968 | €76,364 | +€72,396 | +1824.5% |
| Income taxes | 67/77 | €238 | €17,390 | +€17,153 | +7217.1% |
| Profit (loss) for the period | 9904 | €3,730 | €58,973 | +€55,243 | +1480.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,730 | €58,973 | +€55,243 | +1480.9% |
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 7 October 2026 via checked.be.