Project-Z: 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-Z
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,107
up €2,107 (+76.6%), from -€2,752 to -€645
- Other operating charges -€218
down €218 (-25.6%), from €853 to €634
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 | €432,763 | €432,724 | -€40 | 0.0% |
| Fixed assets | 21/28 | €432,713 | €432,713 | = | 0.0% |
| Financial fixed assets | 28 | €432,713 | €432,713 | = | 0.0% |
| Current assets | 29/58 | €50 | €11 | -€40 | -78.7% |
| Cash at bank and in hand | 54/58 | €50 | €11 | -€40 | -78.7% |
| Total equity and liabilities | 10/49 | €432,763 | €432,724 | -€40 | 0.0% |
| Equity | 10/15 | €59,196 | €56,357 | -€2,839 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,596 | €37,757 | -€2,839 | -7.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €40,596 | €37,757 | -€2,839 | -7.0% |
| Amounts payable | 17/49 | €373,568 | €376,367 | +€2,800 | +0.7% |
| Amounts payable within one year | 42/48 | €373,180 | €375,967 | +€2,787 | +0.7% |
| Trade debts | 44 | €1,499 | €494 | -€1,005 | -67.0% |
| Suppliers | 440/4 | €1,499 | €494 | -€1,005 | -67.0% |
| Other amounts payable | 47/48 | €371,682 | €375,473 | +€3,792 | +1.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Other operating charges | 640/8 | €853 | €634 | -€218 | -25.6% |
| Gross operating margin | 9900 | -€2,752 | -€645 | +€2,107 | +76.6% |
| Operating profit (loss) | 9901 | -€3,605 | -€1,280 | +€2,325 | +64.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,540 | €1,560 | +€19 | +1.2% |
| Recurring financial charges | 65 | €1,540 | €1,560 | +€19 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,145 | -€2,839 | +€2,306 | +44.8% |
| Profit (loss) for the period | 9904 | -€5,145 | -€2,839 | +€2,306 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,145 | -€2,839 | +€2,306 | +44.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.