PROJECTMANAGEMENT COUCKE: what changed
What changed
PROJECTMANAGEMENT COUCKE
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
-€14,446
2024 · -€5,312-€9,135
Equity
€63,209
2024 · €77,655-€14,446
Cash
-
2024 · €0
Balance sheet total
€113,532
2024 · €135,579-€22,047
Largest movements
Assets
- Tangible fixed assets -€9,994
down €9,994 (-82.8%), from €12,064 to €2,070
of which Leasing and similar rights: -€8,904
- Receivables within one year -€8,976
down €8,976 (-7.6%), from €118,670 to €109,694
of which Trade receivables: -€5,150
- Deferred charges and accrued income -€1,927
down €1,927 (-52.1%), from €3,695 to €1,768
Equity and liabilities
- Other debts +€18,086
new in 2025: €18,086
- Trade debts -€14,786
down €14,786 (-73.7%), from €20,052 to €5,266
- Profit (loss) carried forward -€14,446
down €14,446 (-35.6%), from €40,596 to €26,150
- Current portion of long-term debt -€6,809
down €6,809 (-70.0%), from €9,733 to €2,924
- Debts after one year -€5,888
down €5,888 (-67.7%), from €8,696 to €2,807
Income statement
- Gross operating margin -€18,371
down €18,371, from €9,075 to -€9,296
- Depreciation -€6,597
down €6,597 (-85.8%), from €7,687 to €1,090
- Taxes -€2,690
down €2,690 (-93.9%), from €2,864 to €173
- Staff costs -€2,527
down €2,527 (-100%), from €2,527 to €0
- Other operating charges +€1,903
up €1,903 (+196%), from €972 to €2,875
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,312
Gross operating margin
-€18,371
Staff costs
+€2,527
Depreciation
+€6,597
Other operating charges
-€1,903
Financial income
-€415
Financial charges
-€260
Taxes
+€2,690
Result 2025
-€14,446
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3,008
Investment
+€10,054
Financing
-€13,063
Cash 2024
€0
From operations (derived)
+€3,008
Net result for the year
-€14,446
Depreciation
+€1,090
Receivables within one year
+€8,976
Deferred charges and accrued income
+€1,927
Trade debts
-€14,786
Tax, wage and social debts
-€595
Other debts
+€18,086
Accrued charges and deferred income
+€2,757
Investment (derived)
+€10,054
Investment in fixed assets (net)
+€10,054
Financing
-€13,063
Debts after one year
-€5,888
Current portion of long-term debt
-€6,809
Short-term financial debts
-€365
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,579 | €113,532 | -€22,047 | -16.3% |
| Fixed assets | 21/28 | €13,214 | €2,070 | -€11,144 | -84.3% |
| Tangible fixed assets | 22/27 | €12,064 | €2,070 | -€9,994 | -82.8% |
| Furniture and vehicles | 24 | €3,160 | €2,070 | -€1,090 | -34.5% |
| Leasing and similar rights | 25 | €8,904 | €0 | -€8,904 | -100% |
| Financial fixed assets | 28 | €1,150 | €0 | -€1,150 | -100% |
| Current assets | 29/58 | €122,365 | €111,462 | -€10,903 | -8.9% |
| Amounts receivable within one year | 40/41 | €118,670 | €109,694 | -€8,976 | -7.6% |
| Trade receivables | 40 | €34,337 | €29,187 | -€5,150 | -15.0% |
| Other amounts receivable | 41 | €84,333 | €80,507 | -€3,826 | -4.5% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,695 | €1,768 | -€1,927 | -52.1% |
| Total equity and liabilities | 10/49 | €135,579 | €113,532 | -€22,047 | -16.3% |
| Equity | 10/15 | €77,655 | €63,209 | -€14,446 | -18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,859 | €30,859 | = | 0.0% |
| Distributable reserves | 133 | €30,859 | €30,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,596 | €26,150 | -€14,446 | -35.6% |
| Amounts payable | 17/49 | €57,924 | €50,323 | -€7,601 | -13.1% |
| Amounts payable after more than one year | 17 | €8,696 | €2,807 | -€5,888 | -67.7% |
| Financial debts | 170/4 | €8,696 | €2,807 | -€5,888 | -67.7% |
| Amounts payable within one year | 42/48 | €49,228 | €44,759 | -€4,469 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €9,733 | €2,924 | -€6,809 | -70.0% |
| Financial debts | 43 | €14,142 | €13,777 | -€365 | -2.6% |
| Credit institutions | 430/8 | €14,142 | €13,777 | -€365 | -2.6% |
| Trade debts | 44 | €20,052 | €5,266 | -€14,786 | -73.7% |
| Suppliers | 440/4 | €20,052 | €5,266 | -€14,786 | -73.7% |
| Taxes, remuneration and social security | 45 | €5,301 | €4,706 | -€595 | -11.2% |
| Taxes | 450/3 | €5,301 | €4,706 | -€595 | -11.2% |
| Other amounts payable | 47/48 | - | €18,086 | +€18,086 | |
| Accrued charges and deferred income | 492/3 | - | €2,757 | +€2,757 | |
| Non-recurring operating income | 76A | €0 | €6,096 | +€6,096 | |
| Remuneration, social security and pensions | 62 | €2,527 | €0 | -€2,527 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,687 | €1,090 | -€6,597 | -85.8% |
| Other operating charges | 640/8 | €972 | €2,875 | +€1,903 | +196% |
| Gross operating margin | 9900 | €9,075 | -€9,296 | -€18,371 | |
| Operating profit (loss) | 9901 | -€2,111 | -€13,261 | -€11,149 | -528% |
| Financial income | 75/76B | €1,942 | €1,526 | -€415 | -21.4% |
| Recurring financial income | 75 | €1,942 | €1,526 | -€415 | -21.4% |
| Financial charges | 65/66B | €2,278 | €2,538 | +€260 | +11.4% |
| Recurring financial charges | 65 | €2,278 | €2,538 | +€260 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,448 | -€14,273 | -€11,825 | -483% |
| Income taxes | 67/77 | €2,864 | €173 | -€2,690 | -93.9% |
| Profit (loss) for the period | 9904 | -€5,312 | -€14,446 | -€9,135 | -172% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,312 | -€14,446 | -€9,135 | -172% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.