PROJECTHOME 18: 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.
PROJECTHOME 18
Largest movements
- Cash +€2,951
up €2,951 (+303%), from €975 to €3,926
mainly Depreciation (+€1,894) and Receivables within one year (+€1,796)
- Tangible fixed assets -€1,894
down €1,894 (-32.3%), from €5,860 to €3,966
of which Furniture and vehicles: -€1,086
- Receivables within one year -€1,796
down €1,796 (-11.7%), from €15,329 to €13,534
of which Other amounts receivable: -€2,748
- Other debts -€3,043
down €3,043 (-21.6%), from €14,081 to €11,038
- Tax, wage and social debts +€1,163
new in 2025: €1,163
- Profit (loss) carried forward +€693
up €693 (+1.3%), from -€51,901 to -€51,208
- Accrued charges and deferred income +€361
new in 2025: €361
- Gross operating margin +€26,287
up €26,287, from -€22,536 to €3,751
- Other operating charges +€368
up €368 (+53.2%), from €692 to €1,060
- Depreciation +€238
up €238 (+14.4%), from €1,656 to €1,894
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 | €22,164 | €21,425 | -€739 | -3.3% |
| Fixed assets | 21/28 | €5,860 | €3,966 | -€1,894 | -32.3% |
| Tangible fixed assets | 22/27 | €5,860 | €3,966 | -€1,894 | -32.3% |
| Plant, machinery and equipment | 23 | €3,040 | €2,231 | -€808 | -26.6% |
| Furniture and vehicles | 24 | €2,820 | €1,735 | -€1,086 | -38.5% |
| Current assets | 29/58 | €16,304 | €17,459 | +€1,155 | +7.1% |
| Amounts receivable within one year | 40/41 | €15,329 | €13,534 | -€1,796 | -11.7% |
| Trade receivables | 40 | €12,581 | €13,534 | +€952 | +7.6% |
| Other amounts receivable | 41 | €2,748 | - | -€2,748 | |
| Cash at bank and in hand | 54/58 | €975 | €3,926 | +€2,951 | +303% |
| Total equity and liabilities | 10/49 | €22,164 | €21,425 | -€739 | -3.3% |
| Equity | 10/15 | €99 | €792 | +€693 | +700% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,901 | -€51,208 | +€693 | +1.3% |
| Amounts payable | 17/49 | €22,065 | €20,634 | -€1,431 | -6.5% |
| Amounts payable within one year | 42/48 | €22,065 | €20,273 | -€1,792 | -8.1% |
| Trade debts | 44 | €7,984 | €8,072 | +€88 | +1.1% |
| Suppliers | 440/4 | €7,984 | €8,072 | +€88 | +1.1% |
| Taxes, remuneration and social security | 45 | - | €1,163 | +€1,163 | |
| Taxes | 450/3 | - | €1,163 | +€1,163 | |
| Other amounts payable | 47/48 | €14,081 | €11,038 | -€3,043 | -21.6% |
| Accrued charges and deferred income | 492/3 | - | €361 | +€361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €1,894 | +€238 | +14.4% |
| Other operating charges | 640/8 | €692 | €1,060 | +€368 | +53.2% |
| Gross operating margin | 9900 | -€22,536 | €3,751 | +€26,287 | |
| Operating profit (loss) | 9901 | -€24,883 | €797 | +€25,681 | |
| Financial charges | 65/66B | €95 | €105 | +€9 | +9.9% |
| Recurring financial charges | 65 | €95 | €105 | +€9 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,979 | €693 | +€25,671 | |
| Profit (loss) for the period | 9904 | -€24,979 | €693 | +€25,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,979 | €693 | +€25,671 |
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 23 October 2026 via checked.be.