PROJECTMANAGEMENT: 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.
PROJECTMANAGEMENT
Largest movements
- Current investments +€64,342
up €64,342 (+16.4%), from €391,828 to €456,169
- Cash +€51,503
up €51,503 (+190.2%), from €27,078 to €78,581
mainly Net result for the year (+€102,118) and Debts after one year (+€33,096)
- Tangible fixed assets +€33,381
up €33,381 (+131.1%), from €25,457 to €58,839
of which Furniture and vehicles: +€33,597
- Receivables within one year -€14,233
down €14,233 (-67.5%), from €21,091 to €6,859
of which Trade receivables: -€9,133
- Reserves +€102,118
up €102,118 (+25.7%), from €397,107 to €499,225
of which Distributable reserves: +€102,118
- Debts after one year +€33,096
up €33,096 (+1244.6%), from €2,659 to €35,755
- Financial income +€23,097
up €23,097 (+282.1%), from €8,188 to €31,285
- Financial charges +€10,712
up €10,712 (+98.6%), from -€10,865 to -€153
- Depreciation +€7,180
up €7,180 (+42.6%), from €16,849 to €24,030
- Taxes +€3,289
up €3,289 (+6.6%), from €50,156 to €53,445
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,455 | €601,424 | +€135,969 | +29.2% |
| Fixed assets | 21/28 | €25,457 | €58,839 | +€33,381 | +131.1% |
| Tangible fixed assets | 22/27 | €25,457 | €58,839 | +€33,381 | +131.1% |
| Plant, machinery and equipment | 23 | €473 | €257 | -€216 | -45.6% |
| Furniture and vehicles | 24 | €24,984 | €58,582 | +€33,597 | +134.5% |
| Current assets | 29/58 | €439,997 | €542,585 | +€102,588 | +23.3% |
| Amounts receivable within one year | 40/41 | €21,091 | €6,859 | -€14,233 | -67.5% |
| Trade receivables | 40 | €15,992 | €6,859 | -€9,133 | -57.1% |
| Other amounts receivable | 41 | €5,099 | €0 | -€5,099 | -100.0% |
| Current investments | 50/53 | €391,828 | €456,169 | +€64,342 | +16.4% |
| Cash at bank and in hand | 54/58 | €27,078 | €78,581 | +€51,503 | +190.2% |
| Deferred charges and accrued income | 490/1 | - | €976 | +€976 | |
| Total equity and liabilities | 10/49 | €465,455 | €601,424 | +€135,969 | +29.2% |
| Equity | 10/15 | €415,699 | €517,817 | +€102,118 | +24.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €397,107 | €499,225 | +€102,118 | +25.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €395,248 | €497,366 | +€102,118 | +25.8% |
| Amounts payable | 17/49 | €49,756 | €83,607 | +€33,851 | +68.0% |
| Amounts payable after more than one year | 17 | €2,659 | €35,755 | +€33,096 | +1244.6% |
| Financial debts | 170/4 | €2,659 | €35,755 | +€33,096 | +1244.6% |
| Amounts payable within one year | 42/48 | €46,388 | €46,080 | -€308 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €15,825 | €12,283 | -€3,542 | -22.4% |
| Trade debts | 44 | €769 | €948 | +€180 | +23.4% |
| Suppliers | 440/4 | €769 | €948 | +€180 | +23.4% |
| Taxes, remuneration and social security | 45 | €29,794 | €31,529 | +€1,735 | +5.8% |
| Taxes | 450/3 | €29,794 | €31,529 | +€1,735 | +5.8% |
| Other amounts payable | 47/48 | €0 | €1,319 | +€1,319 | |
| Accrued charges and deferred income | 492/3 | €709 | €1,772 | +€1,063 | +150.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,849 | €24,030 | +€7,180 | +42.6% |
| Other operating charges | 640/8 | €1,016 | €1,489 | +€473 | +46.6% |
| Gross operating margin | 9900 | €149,085 | €149,644 | +€559 | +0.4% |
| Operating profit (loss) | 9901 | €131,220 | €124,125 | -€7,095 | -5.4% |
| Financial income | 75/76B | €8,188 | €31,285 | +€23,097 | +282.1% |
| Recurring financial income | 75 | €8,188 | €31,285 | +€23,097 | +282.1% |
| Financial charges | 65/66B | -€10,865 | -€153 | +€10,712 | +98.6% |
| Recurring financial charges | 65 | -€10,865 | -€153 | +€10,712 | +98.6% |
| Profit (loss) for the period before taxes | 9903 | €150,273 | €155,563 | +€5,290 | +3.5% |
| Income taxes | 67/77 | €50,156 | €53,445 | +€3,289 | +6.6% |
| Profit (loss) for the period | 9904 | €100,117 | €102,118 | +€2,001 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,117 | €102,118 | +€2,001 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.