Projectim: 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.
Projectim
Largest movements
- Tangible fixed assets +€194,915
up €194,915 (+3087.8%), from €6,312 to €201,228
of which Furniture and vehicles: +€150,060
- Stocks and contracts -€172,920
down €172,920 (-81.9%), from €211,066 to €38,145
- Cash -€89,790
down €89,790 (-50.3%), from €178,628 to €88,838
mainly Short-term financial debts (-€220,000) and Investment in fixed assets (net) (-€218,000)
- Receivables within one year +€70,374
up €70,374 (+39.2%), from €179,516 to €249,890
of which Other amounts receivable: +€67,214
- Deferred charges and accrued income +€6,231
up €6,231 (+1478.5%), from €421 to €6,652
- Short-term financial debts -€220,000
no longer reported in 2025 (was €220,000)
- Other debts +€147,326
up €147,326 (+272.2%), from €54,116 to €201,442
- Reserves +€42,570
up €42,570 (+77.6%), from €54,889 to €97,459
- Tax, wage and social debts +€30,493
up €30,493 (+76.1%), from €40,061 to €70,554
of which Taxes: +€33,493
- Trade debts +€8,573
up €8,573 (+10.7%), from €79,856 to €88,429
- Depreciation +€22,019
up €22,019 (+2065.5%), from €1,066 to €23,085
- Financial charges -€16,417
down €16,417 (-65.1%), from €25,200 to €8,783
- Gross operating margin +€9,819
up €9,819 (+11.5%), from €85,208 to €95,027
- Taxes +€4,240
up €4,240 (+35.1%), from €12,075 to €16,315
- Other operating charges +€3,807
up €3,807 (+815.6%), from €467 to €4,274
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 | €575,943 | €584,754 | +€8,810 | +1.5% |
| Fixed assets | 21/28 | €6,312 | €201,228 | +€194,915 | +3087.8% |
| Tangible fixed assets | 22/27 | €6,312 | €201,228 | +€194,915 | +3087.8% |
| Land and buildings | 22 | €6,312 | €5,246 | -€1,066 | -16.9% |
| Plant, machinery and equipment | 23 | - | €45,921 | +€45,921 | |
| Furniture and vehicles | 24 | - | €150,060 | +€150,060 | |
| Current assets | 29/58 | €569,631 | €383,526 | -€186,105 | -32.7% |
| Stocks and contracts in progress | 3 | €211,066 | €38,145 | -€172,920 | -81.9% |
| Contracts in progress | 37 | €211,066 | €38,145 | -€172,920 | -81.9% |
| Amounts receivable within one year | 40/41 | €179,516 | €249,890 | +€70,374 | +39.2% |
| Trade receivables | 40 | €155,521 | €158,681 | +€3,161 | +2.0% |
| Other amounts receivable | 41 | €23,995 | €91,208 | +€67,214 | +280.1% |
| Cash at bank and in hand | 54/58 | €178,628 | €88,838 | -€89,790 | -50.3% |
| Deferred charges and accrued income | 490/1 | €421 | €6,652 | +€6,231 | +1478.5% |
| Total equity and liabilities | 10/49 | €575,943 | €584,754 | +€8,810 | +1.5% |
| Equity | 10/15 | €71,889 | €114,459 | +€42,570 | +59.2% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €54,889 | €97,459 | +€42,570 | +77.6% |
| Distributable reserves | 133 | €54,889 | €97,459 | +€42,570 | +77.6% |
| Amounts payable | 17/49 | €504,054 | €470,294 | -€33,760 | -6.7% |
| Amounts payable within one year | 42/48 | €394,033 | €360,424 | -€33,609 | -8.5% |
| Financial debts | 43 | €220,000 | - | -€220,000 | |
| Credit institutions | 430/8 | €220,000 | - | -€220,000 | |
| Trade debts | 44 | €79,856 | €88,429 | +€8,573 | +10.7% |
| Suppliers | 440/4 | €79,856 | €88,429 | +€8,573 | +10.7% |
| Taxes, remuneration and social security | 45 | €40,061 | €70,554 | +€30,493 | +76.1% |
| Taxes | 450/3 | €37,061 | €70,554 | +€33,493 | +90.4% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €54,116 | €201,442 | +€147,326 | +272.2% |
| Accrued charges and deferred income | 492/3 | €110,021 | €109,870 | -€151 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €23,085 | +€22,019 | +2065.5% |
| Other operating charges | 640/8 | €467 | €4,274 | +€3,807 | +815.6% |
| Gross operating margin | 9900 | €85,208 | €95,027 | +€9,819 | +11.5% |
| Operating profit (loss) | 9901 | €83,675 | €67,668 | -€16,007 | -19.1% |
| Financial charges | 65/66B | €25,200 | €8,783 | -€16,417 | -65.1% |
| Recurring financial charges | 65 | €25,200 | €8,783 | -€16,417 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €58,475 | €58,885 | +€410 | +0.7% |
| Income taxes | 67/77 | €12,075 | €16,315 | +€4,240 | +35.1% |
| Profit (loss) for the period | 9904 | €46,400 | €42,570 | -€3,830 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,400 | €42,570 | -€3,830 | -8.3% |
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 4 October 2026 via checked.be.