Projectmakelaar: 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.
Projectmakelaar
Largest movements
- Receivables within one year -€30,234
down €30,234 (-58.3%), from €51,820 to €21,586
of which Trade receivables: -€33,503
- Tangible fixed assets -€21,087
down €21,087 (-100.0%), from €21,087 to €0
of which Furniture and vehicles: -€12,677
- Cash +€4,834
up €4,834 (+1647.0%), from €293 to €5,127
mainly Other debts (+€128,842) and Receivables within one year (+€30,234)
- Other debts +€128,842
up €128,842 (+31.4%), from €410,290 to €539,133
- Trade debts -€109,216
down €109,216 (-71.2%), from €153,441 to €44,225
- Profit (loss) carried forward -€72,896
down €72,896 (-10.0%), from -€727,402 to -€800,299
- Tax, wage and social debts +€4,263
up €4,263 (+28.2%), from €15,092 to €19,355
of which Taxes: +€2,849
- Short-term financial debts +€3,891
up €3,891 (+3716.4%), from €105 to €3,995
- Gross operating margin +€231,144
up €231,144, from -€228,216 to €2,928
- Staff costs -€61,892
down €61,892 (-54.4%), from €113,766 to €51,875
- Other operating charges -€27,257
down €27,257 (-92.2%), from €29,562 to €2,304
- Depreciation -€18,181
down €18,181 (-100.0%), from €18,181 to €0
- Financial charges -€6,013
down €6,013 (-91.5%), from €6,571 to €558
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 | €73,414 | €27,530 | -€45,884 | -62.5% |
| Fixed assets | 21/28 | €21,087 | €0 | -€21,087 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €21,087 | €0 | -€21,087 | -100.0% |
| Land and buildings | 22 | €7,219 | €0 | -€7,219 | -100.0% |
| Plant, machinery and equipment | 23 | €1,190 | €0 | -€1,190 | -100.0% |
| Furniture and vehicles | 24 | €12,677 | €0 | -€12,677 | -100.0% |
| Current assets | 29/58 | €52,327 | €27,530 | -€24,797 | -47.4% |
| Amounts receivable within one year | 40/41 | €51,820 | €21,586 | -€30,234 | -58.3% |
| Trade receivables | 40 | €41,918 | €8,415 | -€33,503 | -79.9% |
| Other amounts receivable | 41 | €9,902 | €13,172 | +€3,269 | +33.0% |
| Cash at bank and in hand | 54/58 | €293 | €5,127 | +€4,834 | +1647.0% |
| Deferred charges and accrued income | 490/1 | €214 | €816 | +€603 | +282.2% |
| Total equity and liabilities | 10/49 | €73,414 | €27,530 | -€45,884 | -62.5% |
| Equity | 10/15 | -€507,283 | -€580,179 | -€72,896 | -14.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €157,120 | €157,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €160 | €160 | = | 0.0% |
| Distributable reserves | 133 | €150,660 | €150,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€727,402 | -€800,299 | -€72,896 | -10.0% |
| Amounts payable | 17/49 | €580,697 | €607,708 | +€27,012 | +4.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €580,697 | €606,708 | +€26,011 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €1,768 | €0 | -€1,768 | -100.0% |
| Financial debts | 43 | €105 | €3,995 | +€3,891 | +3716.4% |
| Other loans | 439 | €105 | €3,995 | +€3,891 | +3716.4% |
| Trade debts | 44 | €153,441 | €44,225 | -€109,216 | -71.2% |
| Suppliers | 440/4 | €153,441 | €44,225 | -€109,216 | -71.2% |
| Taxes, remuneration and social security | 45 | €15,092 | €19,355 | +€4,263 | +28.2% |
| Taxes | 450/3 | €5,758 | €8,607 | +€2,849 | +49.5% |
| Remuneration and social security | 454/9 | €9,334 | €10,748 | +€1,413 | +15.1% |
| Other amounts payable | 47/48 | €410,290 | €539,133 | +€128,842 | +31.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,001 | +€1,001 | |
| Non-recurring operating income | 76A | €5,332 | €0 | -€5,332 | -100.0% |
| Remuneration, social security and pensions | 62 | €113,766 | €51,875 | -€61,892 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,181 | €0 | -€18,181 | -100.0% |
| Other operating charges | 640/8 | €29,562 | €2,304 | -€27,257 | -92.2% |
| Non-recurring operating charges | 66A | €118,801 | €21,087 | -€97,714 | -82.3% |
| Gross operating margin | 9900 | -€228,216 | €2,928 | +€231,144 | |
| Operating profit (loss) | 9901 | -€508,526 | -€72,338 | +€436,188 | +85.8% |
| Financial income | 75/76B | €108 | €0 | -€108 | -100.0% |
| Recurring financial income | 75 | €108 | €0 | -€108 | -100.0% |
| Financial charges | 65/66B | €6,571 | €558 | -€6,013 | -91.5% |
| Recurring financial charges | 65 | €6,571 | €558 | -€6,013 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | -€514,990 | -€72,896 | +€442,094 | +85.8% |
| Income taxes | 67/77 | €147 | €0 | -€147 | -100.0% |
| Profit (loss) for the period | 9904 | -€515,136 | -€72,896 | +€442,240 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€515,136 | -€72,896 | +€442,240 | +85.8% |
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 12 October 2026 via checked.be.