ProjectID: 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.
ProjectID
Largest movements
- Receivables within one year +€80,777
up €80,777 (+730%), from €11,067 to €91,843
of which Trade receivables: +€81,426
- Cash -€42,385
down €42,385 (-62.6%), from €67,688 to €25,303
mainly Contributions, distributions and other (-€115,000) and Receivables within one year (-€80,777)
- Tangible fixed assets -€9,783
down €9,783 (-35.0%), from €27,932 to €18,149
of which Furniture and vehicles: -€5,190
- Tax, wage and social debts +€34,604
up €34,604 (+266%), from €12,999 to €47,604
of which Taxes: +€38,751
- Other debts +€25,865
up €25,865 (+46.1%), from €56,165 to €82,030
- Reserves -€18,484
down €18,484 (-36.4%), from €50,790 to €32,306
- Advances received -€12,605
no longer reported in 2026 (was €12,605)
- Gross operating margin +€112,303
up €112,303 (+460%), from €24,437 to €136,740
- Taxes +€24,810
up €24,810 (+570%), from €4,350 to €29,160
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,145 | €181,833 | +€28,688 | +18.7% |
| Fixed assets | 21/28 | €27,932 | €18,149 | -€9,783 | -35.0% |
| Tangible fixed assets | 22/27 | €27,932 | €18,149 | -€9,783 | -35.0% |
| Furniture and vehicles | 24 | €8,067 | €2,877 | -€5,190 | -64.3% |
| Other tangible fixed assets | 26 | €19,864 | €15,271 | -€4,593 | -23.1% |
| Current assets | 29/58 | €125,214 | €163,684 | +€38,471 | +30.7% |
| Amounts receivable within one year | 40/41 | €11,067 | €91,843 | +€80,777 | +730% |
| Trade receivables | 40 | €10,417 | €91,843 | +€81,426 | +782% |
| Other amounts receivable | 41 | €650 | - | -€650 | |
| Cash at bank and in hand | 54/58 | €67,688 | €25,303 | -€42,385 | -62.6% |
| Deferred charges and accrued income | 490/1 | €46,459 | €46,538 | +€78 | +0.2% |
| Total equity and liabilities | 10/49 | €153,145 | €181,833 | +€28,688 | +18.7% |
| Equity | 10/15 | €69,340 | €50,856 | -€18,484 | -26.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €50,790 | €32,306 | -€18,484 | -36.4% |
| Distributable reserves | 133 | €50,790 | €32,306 | -€18,484 | -36.4% |
| Amounts payable | 17/49 | €83,805 | €130,977 | +€47,171 | +56.3% |
| Amounts payable within one year | 42/48 | €83,805 | €130,977 | +€47,171 | +56.3% |
| Trade debts | 44 | €2,037 | €1,343 | -€694 | -34.1% |
| Suppliers | 440/4 | €2,037 | €1,343 | -€694 | -34.1% |
| Advances received on contracts in progress | 46 | €12,605 | - | -€12,605 | |
| Taxes, remuneration and social security | 45 | €12,999 | €47,604 | +€34,604 | +266% |
| Taxes | 450/3 | €8,853 | €47,604 | +€38,751 | +438% |
| Remuneration and social security | 454/9 | €4,147 | - | -€4,147 | |
| Other amounts payable | 47/48 | €56,165 | €82,030 | +€25,865 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,783 | €9,783 | = | 0.0% |
| Other operating charges | 640/8 | €108 | €79 | -€29 | -26.9% |
| Gross operating margin | 9900 | €24,437 | €136,740 | +€112,303 | +460% |
| Operating profit (loss) | 9901 | €14,547 | €126,879 | +€112,332 | +772% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €587 | €1,202 | +€615 | +105% |
| Recurring financial charges | 65 | €587 | €1,202 | +€615 | +105% |
| Profit (loss) for the period before taxes | 9903 | €13,960 | €125,677 | +€111,716 | +800% |
| Income taxes | 67/77 | €4,350 | €29,160 | +€24,810 | +570% |
| Profit (loss) for the period | 9904 | €9,610 | €96,516 | +€86,906 | +904% |
| Profit (loss) for the period to be appropriated | 9905 | €9,610 | €96,516 | +€86,906 | +904% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.