PROJECTIMMO: 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.
PROJECTIMMO
Largest movements
- Financial fixed assets -€633,401
down €633,401 (-22.2%), from €2.9m to €2.2m
- Receivables within one year -€46,666
down €46,666 (-13.0%), from €359,289 to €312,623
of which Other amounts receivable: -€24,929
- Reserves -€604,588
down €604,588 (-30.8%), from €2.0m to €1.4m
of which Distributable reserves: -€572,698
- Tax, wage and social debts -€75,567
down €75,567 (-30.4%), from €248,914 to €173,347
of which Taxes: -€64,667
- Debts after one year -€64,865
down €64,865 (-3.5%), from €1.8m to €1.8m
of which Financial debts: -€47,019
- Gross operating margin +€124,077
up €124,077 (+167%), from €74,301 to €198,378
- Taxes +€17,184
up €17,184 (+101%), from €17,022 to €34,206
- Financial income -€11,540
down €11,540 (-5.1%), from €227,664 to €216,125
- Depreciation +€10,604
up €10,604 (+13.3%), from €79,685 to €90,288
- Other operating charges +€6,926
up €6,926 (+232%), from €2,982 to €9,909
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,636,516 | €3,931,287 | -€705,229 | -15.2% |
| Fixed assets | 21/28 | €4,269,433 | €3,612,135 | -€657,298 | -15.4% |
| Tangible fixed assets | 22/27 | €1,410,340 | €1,386,443 | -€23,897 | -1.7% |
| Land and buildings | 22 | €1,123,630 | €1,084,387 | -€39,243 | -3.5% |
| Plant, machinery and equipment | 23 | €261,970 | €223,075 | -€38,895 | -14.8% |
| Furniture and vehicles | 24 | €9,701 | €63,942 | +€54,241 | +559% |
| Other tangible fixed assets | 26 | €15,039 | €15,039 | = | 0.0% |
| Financial fixed assets | 28 | €2,859,093 | €2,225,692 | -€633,401 | -22.2% |
| Current assets | 29/58 | €367,082 | €319,151 | -€47,931 | -13.1% |
| Amounts receivable within one year | 40/41 | €359,289 | €312,623 | -€46,666 | -13.0% |
| Trade receivables | 40 | €171,994 | €150,257 | -€21,737 | -12.6% |
| Other amounts receivable | 41 | €187,295 | €162,366 | -€24,929 | -13.3% |
| Cash at bank and in hand | 54/58 | €7,555 | €6,140 | -€1,415 | -18.7% |
| Deferred charges and accrued income | 490/1 | €238 | €388 | +€150 | +63.1% |
| Total equity and liabilities | 10/49 | €4,636,516 | €3,931,287 | -€705,229 | -15.2% |
| Equity | 10/15 | €1,969,319 | €1,364,730 | -€604,588 | -30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,963,119 | €1,358,530 | -€604,588 | -30.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €546,393 | €514,503 | -€31,890 | -5.8% |
| Distributable reserves | 133 | €1,414,866 | €842,168 | -€572,698 | -40.5% |
| Provisions and deferred taxes | 16 | €275,266 | €259,618 | -€15,647 | -5.7% |
| Deferred taxes | 168 | €275,266 | €259,618 | -€15,647 | -5.7% |
| Amounts payable | 17/49 | €2,391,931 | €2,306,938 | -€84,993 | -3.6% |
| Amounts payable after more than one year | 17 | €1,849,670 | €1,784,804 | -€64,865 | -3.5% |
| Financial debts | 170/4 | €810,800 | €763,780 | -€47,019 | -5.8% |
| Other amounts payable | 178/9 | €1,038,870 | €1,021,024 | -€17,846 | -1.7% |
| Amounts payable within one year | 42/48 | €542,261 | €522,133 | -€20,128 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €73,642 | €92,906 | +€19,264 | +26.2% |
| Trade debts | 44 | €132,571 | €176,479 | +€43,908 | +33.1% |
| Suppliers | 440/4 | €132,571 | €176,479 | +€43,908 | +33.1% |
| Taxes, remuneration and social security | 45 | €248,914 | €173,347 | -€75,567 | -30.4% |
| Taxes | 450/3 | €224,237 | €159,570 | -€64,667 | -28.8% |
| Remuneration and social security | 454/9 | €24,677 | €13,776 | -€10,900 | -44.2% |
| Other amounts payable | 47/48 | €87,135 | €79,402 | -€7,733 | -8.9% |
| Remuneration, social security and pensions | 62 | €83,205 | €85,202 | +€1,997 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,685 | €90,288 | +€10,604 | +13.3% |
| Other operating charges | 640/8 | €2,982 | €9,909 | +€6,926 | +232% |
| Gross operating margin | 9900 | €74,301 | €198,378 | +€124,077 | +167% |
| Operating profit (loss) | 9901 | -€91,570 | €12,979 | +€104,550 | |
| Financial income | 75/76B | €227,664 | €216,125 | -€11,540 | -5.1% |
| Recurring financial income | 75 | €227,664 | €216,125 | -€11,540 | -5.1% |
| Financial charges | 65/66B | €33,915 | €31,497 | -€2,417 | -7.1% |
| Recurring financial charges | 65 | €33,915 | €31,497 | -€2,417 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €102,179 | €197,607 | +€95,428 | +93.4% |
| Transfer from deferred taxes | 780 | €15,647 | €15,647 | = | 0.0% |
| Income taxes | 67/77 | €17,022 | €34,206 | +€17,184 | +101% |
| Profit (loss) for the period | 9904 | €100,804 | €179,048 | +€78,244 | +77.6% |
| Transfer from tax-exempt reserves | 789 | €31,890 | €31,890 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,695 | €210,939 | +€78,244 | +59.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.