PROJECTEN CAMBIER: 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.
PROJECTEN CAMBIER
Largest movements
- Cash -€42,057
down €42,057 (-62.4%), from €67,389 to €25,332
mainly Investment in fixed assets (net) (-€51,261) and Trade debts (-€40,819)
- Tangible fixed assets +€33,967
up €33,967 (+210%), from €16,150 to €50,117
of which Furniture and vehicles: +€35,613
- Receivables within one year -€21,303
down €21,303 (-56.6%), from €37,656 to €16,353
of which Trade receivables: -€35,186
- Trade debts -€40,819
down €40,819 (-98.6%), from €41,414 to €594
- Debts after one year +€29,691
new in 2025: €29,691
- Profit (loss) carried forward -€22,065
down €22,065 (-37.3%), from €59,138 to €37,072
- Current portion of long-term debt +€12,810
new in 2025: €12,810
- Tax, wage and social debts -€6,670
down €6,670 (-100%), from €6,670 to €0
- Gross operating margin -€82,903
down €82,903, from €80,080 to -€2,823
- Taxes -€16,670
down €16,670 (-100%), from €16,670 to €0
- Depreciation +€7,271
up €7,271 (+72.5%), from €10,024 to €17,294
- Financial charges +€1,397
up €1,397 (+3,944%), from €35 to €1,433
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 | €121,195 | €91,803 | -€29,393 | -24.3% |
| Fixed assets | 21/28 | €16,150 | €50,117 | +€33,967 | +210% |
| Tangible fixed assets | 22/27 | €16,150 | €50,117 | +€33,967 | +210% |
| Plant, machinery and equipment | 23 | €1,975 | €329 | -€1,646 | -83.3% |
| Furniture and vehicles | 24 | €14,175 | €49,788 | +€35,613 | +251% |
| Current assets | 29/58 | €105,045 | €41,685 | -€63,360 | -60.3% |
| Amounts receivable within one year | 40/41 | €37,656 | €16,353 | -€21,303 | -56.6% |
| Trade receivables | 40 | €35,794 | €608 | -€35,186 | -98.3% |
| Other amounts receivable | 41 | €1,862 | €15,745 | +€13,883 | +746% |
| Cash at bank and in hand | 54/58 | €67,389 | €25,332 | -€42,057 | -62.4% |
| Total equity and liabilities | 10/49 | €121,195 | €91,803 | -€29,393 | -24.3% |
| Equity | 10/15 | €59,238 | €37,172 | -€22,065 | -37.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,138 | €37,072 | -€22,065 | -37.3% |
| Amounts payable | 17/49 | €61,958 | €54,630 | -€7,327 | -11.8% |
| Amounts payable after more than one year | 17 | - | €29,691 | +€29,691 | |
| Financial debts | 170/4 | - | €29,691 | +€29,691 | |
| Amounts payable within one year | 42/48 | €61,958 | €24,939 | -€37,018 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,810 | +€12,810 | |
| Trade debts | 44 | €41,414 | €594 | -€40,819 | -98.6% |
| Suppliers | 440/4 | €41,414 | €594 | -€40,819 | -98.6% |
| Taxes, remuneration and social security | 45 | €6,670 | €0 | -€6,670 | -100% |
| Taxes | 450/3 | €6,670 | €0 | -€6,670 | -100% |
| Other amounts payable | 47/48 | €13,874 | €11,536 | -€2,338 | -16.9% |
| Non-recurring operating income | 76A | €369 | €0 | -€369 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,024 | €17,294 | +€7,271 | +72.5% |
| Other operating charges | 640/8 | €551 | €612 | +€61 | +11.1% |
| Non-recurring operating charges | 66A | €3,100 | €0 | -€3,100 | -100% |
| Gross operating margin | 9900 | €80,080 | -€2,823 | -€82,903 | |
| Operating profit (loss) | 9901 | €66,405 | -€20,729 | -€87,134 | |
| Financial income | 75/76B | €27 | €96 | +€69 | +251% |
| Recurring financial income | 75 | €27 | €96 | +€69 | +251% |
| Financial charges | 65/66B | €35 | €1,433 | +€1,397 | +3,944% |
| Recurring financial charges | 65 | €35 | €1,433 | +€1,397 | +3,944% |
| Profit (loss) for the period before taxes | 9903 | €66,397 | -€22,065 | -€88,463 | |
| Income taxes | 67/77 | €16,670 | €0 | -€16,670 | -100% |
| Profit (loss) for the period | 9904 | €49,727 | -€22,065 | -€71,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,727 | -€22,065 | -€71,793 |
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 16 October 2026 via checked.be.