PROJECTO: 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.
PROJECTO
Largest movements
- Tangible fixed assets +€39,188
up €39,188 (+924.3%), from €4,240 to €43,428
of which Other tangible fixed assets: +€39,876
- Cash +€22,570
up €22,570 (+39.5%), from €57,171 to €79,741
mainly Net result for the year (+€66,902) and Tax, wage and social debts (+€16,340)
- Profit (loss) carried forward +€66,902
up €66,902 (+180.7%), from €37,016 to €103,918
- Other debts -€24,692
down €24,692 (-90.4%), from €27,310 to €2,618
- Tax, wage and social debts +€16,340
up €16,340 (+1053.9%), from €1,550 to €17,891
- Trade debts +€2,051
up €2,051, from €0 to €2,051
- Gross operating margin +€30,096
up €30,096 (+53.9%), from €55,886 to €85,982
- Taxes +€17,667
new in 2025: €17,667
- Other operating charges -€1,640
down €1,640 (-94.5%), from €1,736 to €96
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 | €75,996 | €136,478 | +€60,482 | +79.6% |
| Fixed assets | 21/28 | €4,240 | €43,428 | +€39,188 | +924.3% |
| Tangible fixed assets | 22/27 | €4,240 | €43,428 | +€39,188 | +924.3% |
| Plant, machinery and equipment | 23 | €2,479 | €2,013 | -€466 | -18.8% |
| Furniture and vehicles | 24 | €951 | €729 | -€222 | -23.3% |
| Other tangible fixed assets | 26 | €809 | €40,685 | +€39,876 | +4927.0% |
| Current assets | 29/58 | €71,756 | €93,050 | +€21,294 | +29.7% |
| Amounts receivable within one year | 40/41 | €14,586 | €13,309 | -€1,277 | -8.8% |
| Trade receivables | 40 | €14,577 | €13,301 | -€1,277 | -8.8% |
| Other amounts receivable | 41 | €8 | €8 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,171 | €79,741 | +€22,570 | +39.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €75,996 | €136,478 | +€60,482 | +79.6% |
| Equity | 10/15 | €47,016 | €113,918 | +€66,902 | +142.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,016 | €103,918 | +€66,902 | +180.7% |
| Amounts payable | 17/49 | €28,980 | €22,560 | -€6,420 | -22.2% |
| Amounts payable within one year | 42/48 | €28,860 | €22,560 | -€6,300 | -21.8% |
| Trade debts | 44 | €0 | €2,051 | +€2,051 | |
| Suppliers | 440/4 | €0 | €2,051 | +€2,051 | |
| Taxes, remuneration and social security | 45 | €1,550 | €17,891 | +€16,340 | +1053.9% |
| Taxes | 450/3 | €1,550 | €17,891 | +€16,340 | +1053.9% |
| Other amounts payable | 47/48 | €27,310 | €2,618 | -€24,692 | -90.4% |
| Accrued charges and deferred income | 492/3 | €120 | €0 | -€120 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,352 | €812 | -€540 | -40.0% |
| Other operating charges | 640/8 | €1,736 | €96 | -€1,640 | -94.5% |
| Gross operating margin | 9900 | €55,886 | €85,982 | +€30,096 | +53.9% |
| Operating profit (loss) | 9901 | €52,798 | €85,074 | +€32,276 | +61.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €593 | €505 | -€88 | -14.8% |
| Recurring financial charges | 65 | €593 | €505 | -€88 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €52,206 | €84,569 | +€32,363 | +62.0% |
| Income taxes | 67/77 | - | €17,667 | +€17,667 | |
| Profit (loss) for the period | 9904 | €52,206 | €66,902 | +€14,696 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,206 | €66,902 | +€14,696 | +28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.