PROJECT SERVICE: 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 SERVICE
Largest movements
- Tangible fixed assets +€22,317
up €22,317 (+1512.4%), from €1,476 to €23,792
- Cash +€868
up €868 (+7.6%), from €11,438 to €12,307
mainly Other debts (+€18,481) and Trade debts (+€5,650)
- Receivables within one year +€598
up €598 (+9.6%), from €6,244 to €6,842
of which Trade receivables: +€3,561
- Other debts +€18,481
new in 2025: €18,481
- Trade debts +€5,650
up €5,650 (+507.4%), from €1,114 to €6,764
- Gross operating margin +€5,426
up €5,426, from -€4,157 to €1,269
- Provisions +€5,000
no longer reported in 2025 (was -€5,000)
- Depreciation +€339
up €339 (+68.8%), from €493 to €832
- Financial income -€51
no longer reported in 2025 (was €51)
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 | €20,174 | €44,040 | +€23,867 | +118.3% |
| Fixed assets | 21/28 | €1,476 | €23,792 | +€22,317 | +1512.4% |
| Tangible fixed assets | 22/27 | €1,476 | €23,792 | +€22,317 | +1512.4% |
| Furniture and vehicles | 24 | €1,476 | €23,792 | +€22,317 | +1512.4% |
| Current assets | 29/58 | €18,698 | €20,248 | +€1,550 | +8.3% |
| Stocks and contracts in progress | 3 | - | €234 | +€234 | |
| Stocks | 30/36 | - | €234 | +€234 | |
| Amounts receivable within one year | 40/41 | €6,244 | €6,842 | +€598 | +9.6% |
| Trade receivables | 40 | €1,210 | €4,771 | +€3,561 | +294.3% |
| Other amounts receivable | 41 | €5,034 | €2,071 | -€2,963 | -58.9% |
| Cash at bank and in hand | 54/58 | €11,438 | €12,307 | +€868 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,016 | €866 | -€150 | -14.7% |
| Total equity and liabilities | 10/49 | €20,174 | €44,040 | +€23,867 | +118.3% |
| Equity | 10/15 | €19,060 | €18,796 | -€264 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,399 | -€1,664 | -€264 | -18.9% |
| Amounts payable | 17/49 | €1,114 | €25,245 | +€24,131 | +2166.9% |
| Amounts payable within one year | 42/48 | €1,114 | €25,245 | +€24,131 | +2166.9% |
| Trade debts | 44 | €1,114 | €6,764 | +€5,650 | +507.4% |
| Suppliers | 440/4 | €1,114 | €6,764 | +€5,650 | +507.4% |
| Other amounts payable | 47/48 | - | €18,481 | +€18,481 | |
| Non-recurring operating income | 76A | - | €2,462 | +€2,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493 | €832 | +€339 | +68.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | - | +€5,000 | |
| Other operating charges | 640/8 | €376 | €359 | -€17 | -4.6% |
| Non-recurring operating charges | 66A | - | €276 | +€276 | |
| Gross operating margin | 9900 | -€4,157 | €1,269 | +€5,426 | |
| Operating profit (loss) | 9901 | -€26 | -€198 | -€171 | -655.7% |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €74 | €67 | -€7 | -9.8% |
| Recurring financial charges | 65 | €74 | €67 | -€7 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€49 | -€264 | -€215 | -439.1% |
| Profit (loss) for the period | 9904 | -€49 | -€264 | -€215 | -439.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€49 | -€264 | -€215 | -439.1% |
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 9 October 2026 via checked.be.