PROJECTO: 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.
PROJECTO
Largest movements
- Receivables after one year -€2,404
no longer reported in 2025 (was €2,404)
of which Other amounts receivable: -€1,513
- Cash +€906
up €906 (+17.5%), from €5,171 to €6,077
mainly Receivables after one year (+€2,404) and Contributions, distributions and other (+€1)
- Receivables within one year +€326
new in 2025: €326
of which Trade receivables: +€297
- Profit (loss) carried forward -€977
down €977 (-31.0%), from -€3,155 to -€4,132
- Trade debts -€195
no longer reported in 2025 (was €195)
- Gross operating margin -€245
down €245 (-87.8%), from -€279 to -€524
- Taxes -€24
down €24 (-58.5%), from €41 to €17
- Other operating charges +€13
up €13 (+3.4%), from €387 to €400
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 | €7,575 | €6,403 | -€1,172 | -15.5% |
| Current assets | 29/58 | €7,575 | €6,403 | -€1,172 | -15.5% |
| Amounts receivable after more than one year | 29 | €2,404 | - | -€2,404 | |
| Trade receivables | 290 | €891 | - | -€891 | |
| Other amounts receivable | 291 | €1,513 | - | -€1,513 | |
| Amounts receivable within one year | 40/41 | - | €326 | +€326 | |
| Trade receivables | 40 | - | €297 | +€297 | |
| Other amounts receivable | 41 | - | €29 | +€29 | |
| Cash at bank and in hand | 54/58 | €5,171 | €6,077 | +€906 | +17.5% |
| Total equity and liabilities | 10/49 | €7,575 | €6,403 | -€1,172 | -15.5% |
| Equity | 10/15 | €7,380 | €6,403 | -€977 | -13.2% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Capital | 10 | €8,676 | €8,676 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,155 | -€4,132 | -€977 | -31.0% |
| Amounts payable | 17/49 | €195 | - | -€195 | |
| Amounts payable within one year | 42/48 | €195 | - | -€195 | |
| Trade debts | 44 | €195 | - | -€195 | |
| Suppliers | 440/4 | €195 | - | -€195 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€279 | -€524 | -€245 | -87.8% |
| Operating profit (loss) | 9901 | -€666 | -€924 | -€258 | -38.7% |
| Financial charges | 65/66B | €35 | €37 | +€2 | +5.7% |
| Recurring financial charges | 65 | €35 | €37 | +€2 | +5.7% |
| Non-recurring financial charges | 66B | €35 | €37 | +€2 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€701 | -€961 | -€260 | -37.1% |
| Income taxes | 67/77 | €41 | €17 | -€24 | -58.5% |
| Profit (loss) for the period | 9904 | -€742 | -€978 | -€236 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€742 | -€978 | -€236 | -31.8% |
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 10 October 2026 via checked.be.