PROJECTIZE IT: 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.
PROJECTIZE IT
Largest movements
- Cash -€25,298
down €25,298 (-30.5%), from €82,831 to €57,533
mainly Other debts (-€35,000) and Net result for the year (-€14,369)
- Receivables within one year -€14,305
down €14,305 (-32.2%), from €44,437 to €30,132
of which Other amounts receivable: -€15,446
- Deferred charges and accrued income -€1,881
down €1,881 (-50.9%), from €3,694 to €1,813
- Other debts -€35,000
down €35,000 (-99.7%), from €35,122 to €122
- Provisions +€17,628
up €17,628 (+41.5%), from €42,496 to €60,123
- Profit (loss) carried forward -€14,369
down €14,369 (-76.5%), from -€18,784 to -€33,154
- Tax, wage and social debts -€9,029
down €9,029 (-37.7%), from €23,931 to €14,902
of which Taxes: -€6,776
- Financial charges +€47,391
up €47,391 (+2,512%), from €1,887 to €49,278
- Provisions -€24,868
down €24,868 (-58.5%), from €42,496 to €17,628
- Gross operating margin +€24,078
up €24,078 (+74.8%), from €32,176 to €56,255
- Taxes -€5,111
down €5,111 (-76.3%), from €6,695 to €1,584
- Depreciation +€994
up €994 (+253%), from €394 to €1,388
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 | €134,225 | €93,483 | -€40,742 | -30.4% |
| Fixed assets | 21/28 | €3,262 | €4,005 | +€742 | +22.8% |
| Tangible fixed assets | 22/27 | €3,262 | €4,005 | +€742 | +22.8% |
| Plant, machinery and equipment | 23 | €1,774 | €1,558 | -€216 | -12.2% |
| Furniture and vehicles | 24 | €1,488 | €2,447 | +€958 | +64.4% |
| Current assets | 29/58 | €130,963 | €89,478 | -€41,485 | -31.7% |
| Amounts receivable within one year | 40/41 | €44,437 | €30,132 | -€14,305 | -32.2% |
| Trade receivables | 40 | €15,255 | €16,396 | +€1,140 | +7.5% |
| Other amounts receivable | 41 | €29,182 | €13,736 | -€15,446 | -52.9% |
| Cash at bank and in hand | 54/58 | €82,831 | €57,533 | -€25,298 | -30.5% |
| Deferred charges and accrued income | 490/1 | €3,694 | €1,813 | -€1,881 | -50.9% |
| Total equity and liabilities | 10/49 | €134,225 | €93,483 | -€40,742 | -30.4% |
| Equity | 10/15 | €31,261 | €16,892 | -€14,369 | -46.0% |
| Contributions | 10/11 | €5,096 | €5,096 | = | 0.0% |
| Reserves | 13 | €44,950 | €44,950 | = | 0.0% |
| Distributable reserves | 133 | €44,950 | €44,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,784 | -€33,154 | -€14,369 | -76.5% |
| Provisions and deferred taxes | 16 | €42,496 | €60,123 | +€17,628 | +41.5% |
| Provisions for liabilities and charges | 160/5 | €42,496 | €60,123 | +€17,628 | +41.5% |
| Other liabilities and charges | 164/5 | €42,496 | €60,123 | +€17,628 | +41.5% |
| Amounts payable | 17/49 | €60,468 | €16,468 | -€44,000 | -72.8% |
| Amounts payable within one year | 42/48 | €60,468 | €16,468 | -€44,000 | -72.8% |
| Trade debts | 44 | €1,416 | €1,444 | +€28 | +2.0% |
| Suppliers | 440/4 | €1,416 | €1,444 | +€28 | +2.0% |
| Taxes, remuneration and social security | 45 | €23,931 | €14,902 | -€9,029 | -37.7% |
| Taxes | 450/3 | €19,278 | €12,502 | -€6,776 | -35.1% |
| Remuneration and social security | 454/9 | €4,653 | €2,400 | -€2,253 | -48.4% |
| Other amounts payable | 47/48 | €35,122 | €122 | -€35,000 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €1,388 | +€994 | +253% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €42,496 | €17,628 | -€24,868 | -58.5% |
| Other operating charges | 640/8 | €442 | €762 | +€321 | +72.7% |
| Gross operating margin | 9900 | €32,176 | €56,255 | +€24,078 | +74.8% |
| Operating profit (loss) | 9901 | -€11,155 | €36,477 | +€47,631 | |
| Financial income | 75/76B | €952 | €16 | -€936 | -98.3% |
| Recurring financial income | 75 | €952 | €16 | -€936 | -98.3% |
| Financial charges | 65/66B | €1,887 | €49,278 | +€47,391 | +2,512% |
| Recurring financial charges | 65 | €1,887 | €49,278 | +€47,391 | +2,512% |
| Profit (loss) for the period before taxes | 9903 | -€12,089 | -€12,785 | -€696 | -5.8% |
| Income taxes | 67/77 | €6,695 | €1,584 | -€5,111 | -76.3% |
| Profit (loss) for the period | 9904 | -€18,784 | -€14,369 | +€4,415 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,784 | -€14,369 | +€4,415 | +23.5% |
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 25 October 2026 via checked.be.