PROJECTA: 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.
PROJECTA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€3.6m
no longer reported in 2025 (was €3.6m)
- Tax, wage and social debts +€3.5m
up €3.5m (+91964.3%), from €3,784 to €3.5m
of which Remuneration and social security: +€3.5m
- Accrued charges and deferred income +€97,500
new in 2025: €97,500
- Financial charges +€149,700
up €149,700 (+21077.4%), from €710 to €150,411
- Gross operating margin +€89,607
up €89,607 (+280.6%), from €31,930 to €121,538
- Taxes -€3,784
no longer reported in 2025 (was €3,784)
- Depreciation -€2,276
down €2,276 (-16.6%), from €13,742 to €11,466
- Financial income +€1,538
new in 2025: €1,538
of which Non-recurring financial income: +€1,226
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 | €9,717,833 | €9,656,615 | -€61,218 | -0.6% |
| Fixed assets | 21/28 | €9,660,251 | €9,648,785 | -€11,466 | -0.1% |
| Tangible fixed assets | 22/27 | €60,251 | €48,785 | -€11,466 | -19.0% |
| Land and buildings | 22 | €60,251 | €48,785 | -€11,466 | -19.0% |
| Financial fixed assets | 28 | €9,600,000 | €9,600,000 | = | 0.0% |
| Current assets | 29/58 | €57,582 | €7,830 | -€49,752 | -86.4% |
| Amounts receivable within one year | 40/41 | - | €1,260 | +€1,260 | |
| Trade receivables | 40 | - | €1,260 | +€1,260 | |
| Cash at bank and in hand | 54/58 | €56,405 | €5,393 | -€51,012 | -90.4% |
| Deferred charges and accrued income | 490/1 | €1,177 | €1,177 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,717,833 | €9,656,615 | -€61,218 | -0.6% |
| Equity | 10/15 | €113,018 | €69,503 | -€43,514 | -38.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,321 | €7,321 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,321 | €7,321 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,121 | €1,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,696 | €182 | -€43,514 | -99.6% |
| Amounts payable | 17/49 | €9,604,815 | €9,587,112 | -€17,704 | -0.2% |
| Amounts payable after more than one year | 17 | €6,000,000 | €6,000,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000,000 | €6,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,604,815 | €3,489,612 | -€115,204 | -3.2% |
| Trade debts | 44 | €668 | €5,953 | +€5,285 | +791.3% |
| Suppliers | 440/4 | €668 | €5,953 | +€5,285 | +791.3% |
| Taxes, remuneration and social security | 45 | €3,784 | €3,483,659 | +€3.5m | +91964.3% |
| Taxes | 450/3 | €3,784 | - | -€3,784 | |
| Remuneration and social security | 454/9 | - | €3,483,659 | +€3.5m | |
| Other amounts payable | 47/48 | €3,600,364 | - | -€3.6m | |
| Accrued charges and deferred income | 492/3 | - | €97,500 | +€97,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,742 | €11,466 | -€2,276 | -16.6% |
| Other operating charges | 640/8 | €4,157 | €4,713 | +€556 | +13.4% |
| Gross operating margin | 9900 | €31,930 | €121,538 | +€89,607 | +280.6% |
| Operating profit (loss) | 9901 | €14,031 | €105,358 | +€91,327 | +650.9% |
| Financial income | 75/76B | - | €1,538 | +€1,538 | |
| Recurring financial income | 75 | - | €312 | +€312 | |
| Non-recurring financial income | 76B | - | €1,226 | +€1,226 | |
| Financial charges | 65/66B | €710 | €150,411 | +€149,700 | +21077.4% |
| Recurring financial charges | 65 | €710 | €150,411 | +€149,700 | +21077.4% |
| Profit (loss) for the period before taxes | 9903 | €13,321 | -€43,514 | -€56,835 | |
| Income taxes | 67/77 | €3,784 | - | -€3,784 | |
| Profit (loss) for the period | 9904 | €9,537 | -€43,514 | -€53,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,537 | -€43,514 | -€53,051 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.