Projecten VD: 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.
Projecten VD
Largest movements
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash +€15,002
up €15,002 (+30.5%), from €49,197 to €64,199
mainly Net result for the year (+€54,908) and Current investments (+€50,000)
- Tangible fixed assets -€12,074
down €12,074 (-38.9%), from €31,035 to €18,961
of which Furniture and vehicles: -€8,824
- Reserves -€45,092
down €45,092 (-38.1%), from €118,463 to €73,370
- Tax, wage and social debts -€1,491
down €1,491 (-10.1%), from €14,713 to €13,222
of which Taxes: -€1,491
- Gross operating margin +€6,245
up €6,245 (+8.4%), from €74,507 to €80,751
- Depreciation -€2,314
down €2,314 (-16.1%), from €14,389 to €12,074
- Taxes +€1,641
up €1,641 (+12.6%), from €13,015 to €14,656
- Financial income +€1,551
up €1,551, from €0 to €1,551
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 | €142,727 | €94,975 | -€47,753 | -33.5% |
| Fixed assets | 21/28 | €31,035 | €18,961 | -€12,074 | -38.9% |
| Tangible fixed assets | 22/27 | €31,035 | €18,961 | -€12,074 | -38.9% |
| Plant, machinery and equipment | 23 | €8,096 | €4,846 | -€3,250 | -40.1% |
| Furniture and vehicles | 24 | €22,940 | €14,115 | -€8,824 | -38.5% |
| Current assets | 29/58 | €111,692 | €76,014 | -€35,678 | -31.9% |
| Amounts receivable within one year | 40/41 | €12,495 | €11,815 | -€680 | -5.4% |
| Trade receivables | 40 | €12,495 | €11,815 | -€680 | -5.4% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,197 | €64,199 | +€15,002 | +30.5% |
| Total equity and liabilities | 10/49 | €142,727 | €94,975 | -€47,753 | -33.5% |
| Equity | 10/15 | €120,463 | €75,370 | -€45,092 | -37.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €118,463 | €73,370 | -€45,092 | -38.1% |
| Distributable reserves | 133 | €118,463 | €73,370 | -€45,092 | -38.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,264 | €19,604 | -€2,660 | -11.9% |
| Amounts payable within one year | 42/48 | €22,034 | €19,374 | -€2,660 | -12.1% |
| Trade debts | 44 | €1,146 | €365 | -€781 | -68.1% |
| Suppliers | 440/4 | €1,146 | €365 | -€781 | -68.1% |
| Taxes, remuneration and social security | 45 | €14,713 | €13,222 | -€1,491 | -10.1% |
| Taxes | 450/3 | €12,813 | €11,322 | -€1,491 | -11.6% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €6,176 | €5,787 | -€388 | -6.3% |
| Accrued charges and deferred income | 492/3 | €230 | €230 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,389 | €12,074 | -€2,314 | -16.1% |
| Other operating charges | 640/8 | €577 | €593 | +€16 | +2.8% |
| Gross operating margin | 9900 | €74,507 | €80,751 | +€6,245 | +8.4% |
| Operating profit (loss) | 9901 | €59,541 | €68,083 | +€8,543 | +14.3% |
| Financial income | 75/76B | €0 | €1,551 | +€1,551 | |
| Recurring financial income | 75 | €0 | €1,551 | +€1,551 | |
| Financial charges | 65/66B | €69 | €70 | +€1 | +1.9% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €59,472 | €69,564 | +€10,092 | +17.0% |
| Income taxes | 67/77 | €13,015 | €14,656 | +€1,641 | +12.6% |
| Profit (loss) for the period | 9904 | €46,457 | €54,908 | +€8,451 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,457 | €54,908 | +€8,451 | +18.2% |
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 2 October 2026 via checked.be.