PROJECT PRODUCTIONS: 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 PRODUCTIONS
Largest movements
- Receivables within one year -€15,234
down €15,234 (-38.5%), from €39,519 to €24,285
of which Trade receivables: -€15,510
- Cash +€14,194
up €14,194 (+15.9%), from €88,994 to €103,188
mainly Receivables within one year (+€15,234) and Depreciation (+€6,733)
- Tangible fixed assets -€4,161
down €4,161 (-11.7%), from €35,626 to €31,465
- Trade debts -€17,270
down €17,270 (-70.2%), from €24,604 to €7,334
- Reserves +€6,470
up €6,470 (+7.8%), from €82,975 to €89,445
of which Distributable reserves: +€6,140
- Tax, wage and social debts +€3,920
up €3,920 (+840%), from €467 to €4,387
of which Remuneration and social security: +€4,237
- Write-downs -€34,558
down €34,558, from €17,279 to -€17,279
- Gross operating margin -€18,803
down €18,803 (-50.8%), from €36,984 to €18,180
- Other operating charges +€16,408
up €16,408 (+1,096%), from €1,497 to €17,905
- Financial charges +€6,577
up €6,577, from -€4,904 to €1,673
- Taxes -€1,630
down €1,630 (-34.8%), from €4,677 to €3,047
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 | €223,073 | €216,602 | -€6,472 | -2.9% |
| Fixed assets | 21/28 | €35,776 | €31,615 | -€4,161 | -11.6% |
| Tangible fixed assets | 22/27 | €35,626 | €31,465 | -€4,161 | -11.7% |
| Land and buildings | 22 | €15,442 | €13,867 | -€1,575 | -10.2% |
| Plant, machinery and equipment | 23 | €1,479 | €68 | -€1,411 | -95.4% |
| Furniture and vehicles | 24 | €18,705 | €17,530 | -€1,175 | -6.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €187,297 | €184,987 | -€2,310 | -1.2% |
| Stocks and contracts in progress | 3 | €8,980 | €8,980 | = | 0.0% |
| Stocks | 30/36 | €8,980 | €8,980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,519 | €24,285 | -€15,234 | -38.5% |
| Trade receivables | 40 | €35,232 | €19,722 | -€15,510 | -44.0% |
| Other amounts receivable | 41 | €4,287 | €4,563 | +€276 | +6.4% |
| Current investments | 50/53 | €48,302 | €46,963 | -€1,340 | -2.8% |
| Cash at bank and in hand | 54/58 | €88,994 | €103,188 | +€14,194 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,502 | €1,571 | +€69 | +4.6% |
| Total equity and liabilities | 10/49 | €223,073 | €216,602 | -€6,472 | -2.9% |
| Equity | 10/15 | €175,974 | €182,454 | +€6,480 | +3.7% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €82,975 | €89,445 | +€6,470 | +7.8% |
| Non-distributable reserves | 130/1 | €6,063 | €6,393 | +€330 | +5.4% |
| Legal reserve | 130 | €6,063 | €6,393 | +€330 | +5.4% |
| Tax-exempt reserves | 132 | €298 | €298 | = | 0.0% |
| Distributable reserves | 133 | €76,614 | €82,754 | +€6,140 | +8.0% |
| Profit (loss) carried forward | 14 | €38 | €48 | +€10 | +25.6% |
| Amounts payable | 17/49 | €47,099 | €34,148 | -€12,952 | -27.5% |
| Amounts payable within one year | 42/48 | €47,099 | €34,148 | -€12,952 | -27.5% |
| Trade debts | 44 | €24,604 | €7,334 | -€17,270 | -70.2% |
| Suppliers | 440/4 | €24,604 | €7,334 | -€17,270 | -70.2% |
| Taxes, remuneration and social security | 45 | €467 | €4,387 | +€3,920 | +840% |
| Taxes | 450/3 | €467 | €150 | -€316 | -67.8% |
| Remuneration and social security | 454/9 | - | €4,237 | +€4,237 | |
| Other amounts payable | 47/48 | €22,029 | €22,427 | +€398 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,717 | €6,733 | +€17 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,279 | -€17,279 | -€34,558 | |
| Other operating charges | 640/8 | €1,497 | €17,905 | +€16,408 | +1,096% |
| Gross operating margin | 9900 | €36,984 | €18,180 | -€18,803 | -50.8% |
| Operating profit (loss) | 9901 | €11,491 | €10,821 | -€671 | -5.8% |
| Financial income | 75/76B | €257 | €380 | +€123 | +47.7% |
| Recurring financial income | 75 | €257 | €380 | +€123 | +47.7% |
| Financial charges | 65/66B | -€4,904 | €1,673 | +€6,577 | |
| Recurring financial charges | 65 | -€4,904 | €1,673 | +€6,577 | |
| Profit (loss) for the period before taxes | 9903 | €16,652 | €9,527 | -€7,125 | -42.8% |
| Income taxes | 67/77 | €4,677 | €3,047 | -€1,630 | -34.8% |
| Profit (loss) for the period | 9904 | €11,975 | €6,480 | -€5,495 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,975 | €6,480 | -€5,495 | -45.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.