PROJECTIV: 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.
PROJECTIV
Largest movements
- Cash -€13,332
down €13,332 (-11.8%), from €113,009 to €99,677
mainly Net result for the year (-€14,888) and Other debts (-€7,010)
- Receivables within one year -€4,820
down €4,820 (-28.8%), from €16,764 to €11,944
of which Trade receivables: -€4,671
- Profit (loss) carried forward -€14,888
down €14,888 (-13.5%), from €110,029 to €95,141
- Other debts -€7,010
down €7,010 (-55.1%), from €12,716 to €5,706
- Advances received +€3,630
new in 2026: €3,630
- Gross operating margin -€4,103
down €4,103 (-38.5%), from -€10,651 to -€14,754
- Other operating charges -€1,243
down €1,243 (-98.9%), from €1,257 to €14
- Taxes -€351
no longer reported in 2026 (was €351)
- Depreciation -€307
no longer reported in 2026 (was €307)
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.
Cash bridge derived
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 | €129,773 | €111,621 | -€18,152 | -14.0% |
| Current assets | 29/58 | €129,773 | €111,621 | -€18,152 | -14.0% |
| Amounts receivable within one year | 40/41 | €16,764 | €11,944 | -€4,820 | -28.8% |
| Trade receivables | 40 | €12,615 | €7,944 | -€4,671 | -37.0% |
| Other amounts receivable | 41 | €4,149 | €4,000 | -€149 | -3.6% |
| Cash at bank and in hand | 54/58 | €113,009 | €99,677 | -€13,332 | -11.8% |
| Total equity and liabilities | 10/49 | €129,773 | €111,621 | -€18,152 | -14.0% |
| Equity | 10/15 | €115,029 | €100,141 | -€14,888 | -12.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,029 | €95,141 | -€14,888 | -13.5% |
| Amounts payable | 17/49 | €14,744 | €11,480 | -€3,264 | -22.1% |
| Amounts payable within one year | 42/48 | €14,744 | €10,535 | -€4,209 | -28.5% |
| Trade debts | 44 | €284 | €189 | -€95 | -33.5% |
| Suppliers | 440/4 | €284 | €189 | -€95 | -33.5% |
| Advances received on contracts in progress | 46 | - | €3,630 | +€3,630 | |
| Taxes, remuneration and social security | 45 | €1,744 | €1,010 | -€734 | -42.1% |
| Taxes | 450/3 | €1,744 | €1,010 | -€734 | -42.1% |
| Other amounts payable | 47/48 | €12,716 | €5,706 | -€7,010 | -55.1% |
| Accrued charges and deferred income | 492/3 | - | €945 | +€945 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | - | -€307 | |
| Other operating charges | 640/8 | €1,257 | €14 | -€1,243 | -98.9% |
| Gross operating margin | 9900 | -€10,651 | -€14,754 | -€4,103 | -38.5% |
| Operating profit (loss) | 9901 | -€12,215 | -€14,768 | -€2,553 | -20.9% |
| Financial charges | 65/66B | €76 | €120 | +€44 | +57.9% |
| Recurring financial charges | 65 | €76 | €120 | +€44 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,291 | -€14,888 | -€2,597 | -21.1% |
| Income taxes | 67/77 | €351 | - | -€351 | |
| Profit (loss) for the period | 9904 | -€12,642 | -€14,888 | -€2,246 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,642 | -€14,888 | -€2,246 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.