Project56: 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.
Project56
Largest movements
- Cash +€44,264
up €44,264 (+79.7%), from €55,510 to €99,774
mainly Net result for the year (+€54,013) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Tangible fixed assets -€9,961
down €9,961 (-3.6%), from €274,292 to €264,331
of which Land and buildings: -€7,494
- Reserves +€54,013
up €54,013 (+23.7%), from €227,911 to €281,924
- Debts after one year -€40,468
down €40,468 (-66.5%), from €60,821 to €20,353
- Tax, wage and social debts -€4,849
down €4,849 (-27.6%), from €17,559 to €12,709
of which Taxes: -€4,901
- Gross operating margin -€4,513
down €4,513 (-5.2%), from €86,122 to €81,609
- Depreciation -€3,300
down €3,300 (-22.2%), from €14,830 to €11,530
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,447 | €381,827 | +€11,380 | +3.1% |
| Fixed assets | 21/28 | €274,292 | €264,331 | -€9,961 | -3.6% |
| Tangible fixed assets | 22/27 | €274,292 | €264,331 | -€9,961 | -3.6% |
| Land and buildings | 22 | €270,028 | €262,534 | -€7,494 | -2.8% |
| Plant, machinery and equipment | 23 | €546 | €1,782 | +€1,237 | +226.6% |
| Furniture and vehicles | 24 | €3,719 | €15 | -€3,704 | -99.6% |
| Current assets | 29/58 | €96,154 | €117,496 | +€21,341 | +22.2% |
| Amounts receivable within one year | 40/41 | €15,014 | €15,230 | +€216 | +1.4% |
| Trade receivables | 40 | €15,014 | €14,816 | -€198 | -1.3% |
| Other amounts receivable | 41 | €0 | €414 | +€414 | |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €55,510 | €99,774 | +€44,264 | +79.7% |
| Deferred charges and accrued income | 490/1 | €631 | €2,492 | +€1,861 | +295.0% |
| Total equity and liabilities | 10/49 | €370,447 | €381,827 | +€11,380 | +3.1% |
| Equity | 10/15 | €246,461 | €300,474 | +€54,013 | +21.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €227,911 | €281,924 | +€54,013 | +23.7% |
| Distributable reserves | 133 | €227,911 | €281,924 | +€54,013 | +23.7% |
| Amounts payable | 17/49 | €123,986 | €81,353 | -€42,633 | -34.4% |
| Amounts payable after more than one year | 17 | €60,821 | €20,353 | -€40,468 | -66.5% |
| Financial debts | 170/4 | €60,821 | €20,353 | -€40,468 | -66.5% |
| Amounts payable within one year | 42/48 | €62,865 | €60,650 | -€2,215 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €40,154 | €40,468 | +€314 | +0.8% |
| Trade debts | 44 | €3,719 | €6,591 | +€2,872 | +77.2% |
| Suppliers | 440/4 | €3,719 | €6,591 | +€2,872 | +77.2% |
| Taxes, remuneration and social security | 45 | €17,559 | €12,709 | -€4,849 | -27.6% |
| Taxes | 450/3 | €14,971 | €10,069 | -€4,901 | -32.7% |
| Remuneration and social security | 454/9 | €2,588 | €2,640 | +€52 | +2.0% |
| Other amounts payable | 47/48 | €1,433 | €881 | -€552 | -38.5% |
| Accrued charges and deferred income | 492/3 | €300 | €350 | +€50 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,830 | €11,530 | -€3,300 | -22.2% |
| Other operating charges | 640/8 | €1,543 | €1,535 | -€7 | -0.5% |
| Gross operating margin | 9900 | €86,122 | €81,609 | -€4,513 | -5.2% |
| Operating profit (loss) | 9901 | €69,749 | €68,544 | -€1,206 | -1.7% |
| Financial income | 75/76B | €180 | €605 | +€425 | +236.0% |
| Recurring financial income | 75 | €180 | €605 | +€425 | +236.0% |
| Financial charges | 65/66B | €1,409 | €1,049 | -€360 | -25.5% |
| Recurring financial charges | 65 | €1,409 | €1,049 | -€360 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €68,520 | €68,099 | -€421 | -0.6% |
| Income taxes | 67/77 | €14,524 | €14,086 | -€438 | -3.0% |
| Profit (loss) for the period | 9904 | €53,996 | €54,013 | +€17 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,996 | €54,013 | +€17 | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.