PROJECTINSIGHT: 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.
PROJECTINSIGHT
Largest movements
- Cash +€26,010
up €26,010 (+14.6%), from €177,753 to €203,763
mainly Net result for the year (+€24,569) and Depreciation (+€2,919)
- Reserves +€24,569
up €24,569 (+15.9%), from €154,069 to €178,638
of which Distributable reserves: +€24,569
- Other debts +€2,706
up €2,706 (+23.7%), from €11,415 to €14,120
- Gross operating margin +€3,850
up €3,850 (+9.6%), from €40,248 to €44,098
- Financial charges +€1,676
up €1,676 (+44.2%), from €3,794 to €5,470
- Taxes +€446
up €446 (+4.6%), from €9,628 to €10,074
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 | €205,865 | €231,468 | +€25,603 | +12.4% |
| Fixed assets | 21/28 | €9,403 | €7,622 | -€1,781 | -18.9% |
| Intangible fixed assets | 21 | €8,595 | €6,447 | -€2,149 | -25.0% |
| Tangible fixed assets | 22/27 | €808 | €1,176 | +€368 | +45.6% |
| Furniture and vehicles | 24 | €808 | €1,176 | +€368 | +45.6% |
| Current assets | 29/58 | €196,462 | €223,846 | +€27,384 | +13.9% |
| Amounts receivable within one year | 40/41 | €17,159 | €18,467 | +€1,308 | +7.6% |
| Trade receivables | 40 | €15,287 | €17,541 | +€2,254 | +14.7% |
| Other amounts receivable | 41 | €1,872 | €926 | -€946 | -50.5% |
| Cash at bank and in hand | 54/58 | €177,753 | €203,763 | +€26,010 | +14.6% |
| Deferred charges and accrued income | 490/1 | €1,550 | €1,616 | +€66 | +4.3% |
| Total equity and liabilities | 10/49 | €205,865 | €231,468 | +€25,603 | +12.4% |
| Equity | 10/15 | €180,025 | €204,594 | +€24,569 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,069 | €178,638 | +€24,569 | +15.9% |
| Non-distributable reserves | 130/1 | €15 | €15 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15 | €15 | = | 0.0% |
| Distributable reserves | 133 | €154,054 | €178,623 | +€24,569 | +15.9% |
| Profit (loss) carried forward | 14 | €7,356 | €7,356 | = | 0.0% |
| Amounts payable | 17/49 | €25,840 | €26,874 | +€1,034 | +4.0% |
| Amounts payable within one year | 42/48 | €25,840 | €26,874 | +€1,034 | +4.0% |
| Trade debts | 44 | €3,050 | €3,287 | +€236 | +7.7% |
| Suppliers | 440/4 | €3,050 | €3,287 | +€236 | +7.7% |
| Taxes, remuneration and social security | 45 | €11,376 | €9,467 | -€1,908 | -16.8% |
| Taxes | 450/3 | €11,376 | €9,467 | -€1,908 | -16.8% |
| Other amounts payable | 47/48 | €11,415 | €14,120 | +€2,706 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,548 | €2,919 | +€371 | +14.6% |
| Other operating charges | 640/8 | €1,218 | €1,065 | -€153 | -12.5% |
| Gross operating margin | 9900 | €40,248 | €44,098 | +€3,850 | +9.6% |
| Operating profit (loss) | 9901 | €36,481 | €40,113 | +€3,632 | +10.0% |
| Financial income | 75/76B | €159 | €0 | -€159 | -100% |
| Recurring financial income | 75 | €159 | €0 | -€159 | -100% |
| Financial charges | 65/66B | €3,794 | €5,470 | +€1,676 | +44.2% |
| Recurring financial charges | 65 | €3,794 | €5,470 | +€1,676 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €32,846 | €34,643 | +€1,797 | +5.5% |
| Income taxes | 67/77 | €9,628 | €10,074 | +€446 | +4.6% |
| Profit (loss) for the period | 9904 | €23,218 | €24,569 | +€1,351 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,218 | €24,569 | +€1,351 | +5.8% |
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.