Project Safety Management: what changed
What changed
Project Safety Management
NACE 74.999, Other professional, scientific and technical activities
filed annual accounts (NBB)
Net result for the year
€139,260
2024 · €33,741+€105,519
Equity
€90,444
2024 · -€48,815+€139,260
Cash
€189,412
2024 · €111,645+€77,767
Balance sheet total
€1.0m
2024 · €596,651+€447,460
Largest movements
Assets
- Receivables within one year +€349,895
up €349,895 (+76.2%), from €459,232 to €809,127
- Cash +€77,767
up €77,767 (+69.7%), from €111,645 to €189,412
mainly Trade debts (+€228,415) and Net result for the year (+€139,260)
- Deferred charges and accrued income +€21,240
up €21,240 (+285%), from €7,460 to €28,699
Equity and liabilities
- Trade debts +€228,415
up €228,415 (+72.8%), from €313,633 to €542,048
- Profit (loss) carried forward +€139,260
up €139,260, from -€127,132 to €12,128
- Tax, wage and social debts +€102,297
up €102,297 (+221%), from €46,242 to €148,539
of which Taxes: +€67,715
- Debts after one year -€32,466
down €32,466 (-23.5%), from €138,126 to €105,660
Income statement
- Gross operating margin +€443,109
up €443,109 (+214%), from €206,601 to €649,710
- Staff costs +€274,661
up €274,661 (+179%), from €153,035 to €427,696
- Financial charges +€43,283
up €43,283 (+255%), from €16,984 to €60,267
- Taxes +€14,039
up €14,039 (+4,632%), from €303 to €14,342
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,741
Gross operating margin
+€443,109
Staff costs
-€274,661
Depreciation
-€5,592
Other operating charges
-€76
Financial income
+€62
Financial charges
-€43,283
Taxes
-€14,039
Result 2025
€139,260
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€111,264
Investment
-€5,830
Financing
-€27,667
Cash 2024
€111,645
From operations (derived)
+€111,264
Net result for the year
+€139,260
Depreciation
+€7,272
Receivables within one year
-€349,895
Deferred charges and accrued income
-€21,240
Trade debts
+€228,415
Tax, wage and social debts
+€102,297
Other debts
+€4,498
Accrued charges and deferred income
+€658
Investment (derived)
-€5,830
Investment in fixed assets (net)
-€5,830
Financing
-€27,667
Debts after one year
-€32,466
Current portion of long-term debt
+€4,799
Cash 2025
€189,412
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,651 | €1,044,111 | +€447,460 | +75.0% |
| Fixed assets | 21/28 | €18,314 | €16,873 | -€1,442 | -7.9% |
| Intangible fixed assets | 21 | €1,157 | - | -€1,157 | |
| Tangible fixed assets | 22/27 | €17,157 | €14,373 | -€2,784 | -16.2% |
| Furniture and vehicles | 24 | €17,157 | €14,373 | -€2,784 | -16.2% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €578,337 | €1,027,239 | +€448,902 | +77.6% |
| Amounts receivable within one year | 40/41 | €459,232 | €809,127 | +€349,895 | +76.2% |
| Trade receivables | 40 | €459,232 | €809,127 | +€349,895 | +76.2% |
| Cash at bank and in hand | 54/58 | €111,645 | €189,412 | +€77,767 | +69.7% |
| Deferred charges and accrued income | 490/1 | €7,460 | €28,699 | +€21,240 | +285% |
| Total equity and liabilities | 10/49 | €596,651 | €1,044,111 | +€447,460 | +75.0% |
| Equity | 10/15 | -€48,815 | €90,444 | +€139,260 | |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €3,916 | €3,916 | = | 0.0% |
| Distributable reserves | 133 | €3,916 | €3,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,132 | €12,128 | +€139,260 | |
| Amounts payable | 17/49 | €645,466 | €953,667 | +€308,200 | +47.7% |
| Amounts payable after more than one year | 17 | €138,126 | €105,660 | -€32,466 | -23.5% |
| Financial debts | 170/4 | €138,126 | €105,660 | -€32,466 | -23.5% |
| Amounts payable within one year | 42/48 | €507,341 | €847,349 | +€340,009 | +67.0% |
| Current portion of amounts payable after more than one year | 42 | €137,672 | €142,471 | +€4,799 | +3.5% |
| Trade debts | 44 | €313,633 | €542,048 | +€228,415 | +72.8% |
| Suppliers | 440/4 | €313,633 | €542,048 | +€228,415 | +72.8% |
| Taxes, remuneration and social security | 45 | €46,242 | €148,539 | +€102,297 | +221% |
| Taxes | 450/3 | €14,755 | €82,470 | +€67,715 | +459% |
| Remuneration and social security | 454/9 | €31,487 | €66,069 | +€34,582 | +110% |
| Other amounts payable | 47/48 | €9,793 | €14,292 | +€4,498 | +45.9% |
| Accrued charges and deferred income | 492/3 | - | €658 | +€658 | |
| Remuneration, social security and pensions | 62 | €153,035 | €427,696 | +€274,661 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,679 | €7,272 | +€5,592 | +333% |
| Other operating charges | 640/8 | €859 | €936 | +€76 | +8.9% |
| Gross operating margin | 9900 | €206,601 | €649,710 | +€443,109 | +214% |
| Operating profit (loss) | 9901 | €51,027 | €213,806 | +€162,779 | +319% |
| Financial income | 75/76B | €1 | €63 | +€62 | +11,136% |
| Recurring financial income | 75 | €1 | €63 | +€62 | +11,136% |
| Financial charges | 65/66B | €16,984 | €60,267 | +€43,283 | +255% |
| Recurring financial charges | 65 | €16,984 | €60,267 | +€43,283 | +255% |
| Profit (loss) for the period before taxes | 9903 | €34,044 | €153,602 | +€119,558 | +351% |
| Income taxes | 67/77 | €303 | €14,342 | +€14,039 | +4,632% |
| Profit (loss) for the period | 9904 | €33,741 | €139,260 | +€105,519 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €33,741 | €139,260 | +€105,519 | +313% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.