ProjectIT: 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.
ProjectIT
Largest movements
- Cash +€21,857
up €21,857 (+222%), from €9,853 to €31,710
mainly Other debts (+€95,140) and Net result for the year (+€52,618)
- Other debts +€95,140
up €95,140 (+3,749%), from €2,538 to €97,678
- Reserves -€44,114
down €44,114 (-23.6%), from €186,839 to €142,725
of which Distributable reserves: -€44,114
- Debts after one year -€31,400
down €31,400 (-27.0%), from €116,444 to €85,044
- Gross operating margin +€13,144
up €13,144 (+16.3%), from €80,446 to €93,590
- Depreciation +€4,444
up €4,444 (+27.0%), from €16,436 to €20,880
- Taxes +€2,049
up €2,049 (+16.4%), from €12,521 to €14,570
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 | €361,274 | €377,280 | +€16,006 | +4.4% |
| Fixed assets | 21/28 | €307,807 | €306,522 | -€1,285 | -0.4% |
| Tangible fixed assets | 22/27 | €307,807 | €306,522 | -€1,285 | -0.4% |
| Land and buildings | 22 | €283,468 | €272,481 | -€10,987 | -3.9% |
| Plant, machinery and equipment | 23 | €22,836 | €18,928 | -€3,908 | -17.1% |
| Furniture and vehicles | 24 | €1,503 | €15,113 | +€13,610 | +906% |
| Current assets | 29/58 | €53,467 | €70,758 | +€17,292 | +32.3% |
| Amounts receivable within one year | 40/41 | €39,015 | €37,585 | -€1,430 | -3.7% |
| Trade receivables | 40 | €34,848 | €36,155 | +€1,307 | +3.8% |
| Other amounts receivable | 41 | €4,167 | €1,430 | -€2,737 | -65.7% |
| Cash at bank and in hand | 54/58 | €9,853 | €31,710 | +€21,857 | +222% |
| Deferred charges and accrued income | 490/1 | €4,599 | €1,463 | -€3,136 | -68.2% |
| Total equity and liabilities | 10/49 | €361,274 | €377,280 | +€16,006 | +4.4% |
| Equity | 10/15 | €199,239 | €155,125 | -€44,114 | -22.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €186,839 | €142,725 | -€44,114 | -23.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €184,979 | €140,865 | -€44,114 | -23.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,035 | €222,155 | +€60,120 | +37.1% |
| Amounts payable after more than one year | 17 | €116,444 | €85,044 | -€31,400 | -27.0% |
| Financial debts | 170/4 | €116,444 | €85,044 | -€31,400 | -27.0% |
| Amounts payable within one year | 42/48 | €45,121 | €136,891 | +€91,770 | +203% |
| Current portion of amounts payable after more than one year | 42 | €25,088 | €25,400 | +€313 | +1.2% |
| Trade debts | 44 | €3,779 | €1,467 | -€2,312 | -61.2% |
| Suppliers | 440/4 | €3,779 | €1,467 | -€2,312 | -61.2% |
| Taxes, remuneration and social security | 45 | €13,716 | €12,346 | -€1,370 | -10.0% |
| Taxes | 450/3 | €11,165 | €12,346 | +€1,181 | +10.6% |
| Remuneration and social security | 454/9 | €2,551 | €0 | -€2,551 | -100% |
| Other amounts payable | 47/48 | €2,538 | €97,678 | +€95,140 | +3,749% |
| Accrued charges and deferred income | 492/3 | €470 | €220 | -€250 | -53.2% |
| Remuneration, social security and pensions | 62 | €1,215 | €1,630 | +€416 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,436 | €20,880 | +€4,444 | +27.0% |
| Other operating charges | 640/8 | €1,833 | €1,888 | +€55 | +3.0% |
| Gross operating margin | 9900 | €80,446 | €93,590 | +€13,144 | +16.3% |
| Operating profit (loss) | 9901 | €60,961 | €69,191 | +€8,230 | +13.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,727 | €2,005 | -€721 | -26.5% |
| Recurring financial charges | 65 | €2,727 | €2,005 | -€721 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €58,235 | €67,187 | +€8,953 | +15.4% |
| Income taxes | 67/77 | €12,521 | €14,570 | +€2,049 | +16.4% |
| Profit (loss) for the period | 9904 | €45,714 | €52,618 | +€6,904 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,714 | €52,618 | +€6,904 | +15.1% |
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 18 October 2026 via checked.be.