PROJECTLAND: 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.
PROJECTLAND
Largest movements
- Cash -€46,001
down €46,001 (-22.1%), from €208,162 to €162,161
mainly Contributions, distributions and other (-€203,405) and Receivables within one year (-€22,441)
- Receivables within one year +€22,441
up €22,441 (+82.0%), from €27,367 to €49,807
of which Other amounts receivable: +€27,607
- Reserves -€205,188
down €205,188 (-100.0%), from €205,188 to €0
- Other debts +€196,270
up €196,270 (+2750.6%), from €7,135 to €203,405
- Tax, wage and social debts -€13,494
down €13,494 (-63.8%), from €21,160 to €7,667
- Gross operating margin -€110,699
down €110,699, from €109,652 to -€1,047
- Taxes -€22,462
down €22,462 (-98.3%), from €22,844 to €382
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.
Cash bridge derived
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 | €235,529 | €212,914 | -€22,615 | -9.6% |
| Fixed assets | 21/28 | - | €303 | +€303 | |
| Tangible fixed assets | 22/27 | - | €303 | +€303 | |
| Furniture and vehicles | 24 | - | €303 | +€303 | |
| Current assets | 29/58 | €235,529 | €212,610 | -€22,919 | -9.7% |
| Amounts receivable within one year | 40/41 | €27,367 | €49,807 | +€22,441 | +82.0% |
| Trade receivables | 40 | €21,667 | €16,500 | -€5,167 | -23.8% |
| Other amounts receivable | 41 | €5,700 | €33,307 | +€27,607 | +484.3% |
| Cash at bank and in hand | 54/58 | €208,162 | €162,161 | -€46,001 | -22.1% |
| Deferred charges and accrued income | 490/1 | - | €642 | +€642 | |
| Total equity and liabilities | 10/49 | €235,529 | €212,914 | -€22,615 | -9.6% |
| Equity | 10/15 | €206,188 | €1,000 | -€205,188 | -99.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €205,188 | €0 | -€205,188 | -100.0% |
| Distributable reserves | 133 | €205,188 | €0 | -€205,188 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,341 | €211,914 | +€182,573 | +622.2% |
| Amounts payable within one year | 42/48 | €29,341 | €211,914 | +€182,573 | +622.2% |
| Trade debts | 44 | €1,045 | €842 | -€203 | -19.4% |
| Suppliers | 440/4 | €1,045 | €842 | -€203 | -19.4% |
| Taxes, remuneration and social security | 45 | €21,160 | €7,667 | -€13,494 | -63.8% |
| Taxes | 450/3 | €21,160 | €7,667 | -€13,494 | -63.8% |
| Other amounts payable | 47/48 | €7,135 | €203,405 | +€196,270 | +2750.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €86 | +€86 | |
| Other operating charges | 640/8 | €98 | €434 | +€336 | +343.9% |
| Gross operating margin | 9900 | €109,652 | -€1,047 | -€110,699 | |
| Operating profit (loss) | 9901 | €109,554 | -€1,566 | -€111,120 | |
| Financial income | 75/76B | - | €619 | +€619 | |
| Recurring financial income | 75 | - | €619 | +€619 | |
| Financial charges | 65/66B | €365 | €453 | +€89 | +24.4% |
| Recurring financial charges | 65 | €365 | €453 | +€89 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €109,190 | -€1,401 | -€110,591 | |
| Income taxes | 67/77 | €22,844 | €382 | -€22,462 | -98.3% |
| Profit (loss) for the period | 9904 | €86,346 | -€1,783 | -€88,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,346 | -€1,783 | -€88,128 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.