PROJECTBOUW BREMS: 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.
PROJECTBOUW BREMS
Largest movements
- Cash +€300,402
up €300,402 (+1,098%), from €27,362 to €327,764
mainly Stocks and contracts (+€236,258) and Net result for the year (+€170,264)
- Stocks and contracts -€236,258
down €236,258 (-37.7%), from €627,506 to €391,248
of which Contracts in progress: -€236,258
- Deferred charges and accrued income +€100,118
up €100,118 (+6,341%), from €1,579 to €101,697
- Tangible fixed assets +€48,182
up €48,182 (+101%), from €47,789 to €95,971
of which Furniture and vehicles: +€48,760
- Receivables within one year -€31,563
down €31,563 (-93.2%), from €33,854 to €2,291
of which Other amounts receivable: -€29,708
- Reserves +€151,837
up €151,837 (+36.7%), from €414,007 to €565,844
of which Distributable reserves: +€151,837
- Other debts +€18,679
up €18,679 (+6.5%), from €286,550 to €305,229
- Profit (loss) carried forward +€18,427
no longer reported in 2025 (was -€18,427)
- Gross operating margin +€242,813
up €242,813 (+1,946%), from €12,480 to €255,293
- Taxes +€52,044
up €52,044, from -€572 to €51,471
- Depreciation +€6,145
up €6,145 (+504%), from €1,220 to €7,366
- Other operating charges -€2,905
down €2,905 (-39.3%), from €7,387 to €4,481
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.
Derived cash bridge
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 | €738,091 | €918,972 | +€180,881 | +24.5% |
| Fixed assets | 21/28 | €47,789 | €95,971 | +€48,182 | +101% |
| Tangible fixed assets | 22/27 | €47,789 | €95,971 | +€48,182 | +101% |
| Land and buildings | 22 | €47,789 | €47,211 | -€578 | -1.2% |
| Furniture and vehicles | 24 | - | €48,760 | +€48,760 | |
| Current assets | 29/58 | €690,301 | €823,000 | +€132,699 | +19.2% |
| Stocks and contracts in progress | 3 | €627,506 | €391,248 | -€236,258 | -37.7% |
| Stocks | 30/36 | €42,312 | €42,312 | = | 0.0% |
| Contracts in progress | 37 | €585,194 | €348,936 | -€236,258 | -40.4% |
| Amounts receivable within one year | 40/41 | €33,854 | €2,291 | -€31,563 | -93.2% |
| Trade receivables | 40 | €1,855 | - | -€1,855 | |
| Other amounts receivable | 41 | €32,000 | €2,291 | -€29,708 | -92.8% |
| Cash at bank and in hand | 54/58 | €27,362 | €327,764 | +€300,402 | +1,098% |
| Deferred charges and accrued income | 490/1 | €1,579 | €101,697 | +€100,118 | +6,341% |
| Total equity and liabilities | 10/49 | €738,091 | €918,972 | +€180,881 | +24.5% |
| Equity | 10/15 | €414,173 | €584,436 | +€170,264 | +41.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €414,007 | €565,844 | +€151,837 | +36.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,769 | €16,769 | = | 0.0% |
| Distributable reserves | 133 | €395,379 | €547,216 | +€151,837 | +38.4% |
| Profit (loss) carried forward | 14 | -€18,427 | - | +€18,427 | |
| Amounts payable | 17/49 | €323,918 | €334,535 | +€10,617 | +3.3% |
| Amounts payable within one year | 42/48 | €301,656 | €313,474 | +€11,818 | +3.9% |
| Trade debts | 44 | €15,106 | €8,246 | -€6,861 | -45.4% |
| Suppliers | 440/4 | €15,106 | €8,246 | -€6,861 | -45.4% |
| Other amounts payable | 47/48 | €286,550 | €305,229 | +€18,679 | +6.5% |
| Accrued charges and deferred income | 492/3 | €22,262 | €21,061 | -€1,201 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €7,366 | +€6,145 | +504% |
| Other operating charges | 640/8 | €7,387 | €4,481 | -€2,905 | -39.3% |
| Gross operating margin | 9900 | €12,480 | €255,293 | +€242,813 | +1,946% |
| Operating profit (loss) | 9901 | €3,873 | €243,445 | +€239,572 | +6,186% |
| Financial charges | 65/66B | €22,872 | €21,710 | -€1,162 | -5.1% |
| Recurring financial charges | 65 | €22,872 | €21,710 | -€1,162 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,999 | €221,735 | +€240,734 | |
| Income taxes | 67/77 | -€572 | €51,471 | +€52,044 | |
| Profit (loss) for the period | 9904 | -€18,427 | €170,264 | +€188,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,427 | €170,264 | +€188,690 |
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 21 October 2026 via checked.be.