PROJECTON: 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.
PROJECTON
Largest movements
- Cash +€56,422
up €56,422 (+111%), from €50,908 to €107,331
mainly Net result for the year (+€93,794) and Tax, wage and social debts (+€9,171)
- Receivables within one year +€46,439
up €46,439 (+72.0%), from €64,457 to €110,896
of which Other amounts receivable: +€59,051
- Reserves +€93,794
up €93,794 (+99.7%), from €94,092 to €187,886
- Tax, wage and social debts +€9,171
up €9,171 (+56.8%), from €16,137 to €25,308
- Gross operating margin -€3,185
down €3,185 (-2.4%), from €132,526 to €129,341
- Financial income +€2,040
up €2,040 (+5,317%), from €38 to €2,078
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.
Derived cash bridge
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 | €115,366 | €219,049 | +€103,683 | +89.9% |
| Current assets | 29/58 | €115,366 | €219,049 | +€103,683 | +89.9% |
| Stocks and contracts in progress | 3 | - | €823 | +€823 | |
| Stocks | 30/36 | - | €823 | +€823 | |
| Amounts receivable within one year | 40/41 | €64,457 | €110,896 | +€46,439 | +72.0% |
| Trade receivables | 40 | €19,788 | €7,176 | -€12,612 | -63.7% |
| Other amounts receivable | 41 | €44,669 | €103,720 | +€59,051 | +132% |
| Cash at bank and in hand | 54/58 | €50,908 | €107,331 | +€56,422 | +111% |
| Total equity and liabilities | 10/49 | €115,366 | €219,049 | +€103,683 | +89.9% |
| Equity | 10/15 | €99,092 | €192,886 | +€93,794 | +94.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,092 | €187,886 | +€93,794 | +99.7% |
| Distributable reserves | 133 | €94,092 | €187,886 | +€93,794 | +99.7% |
| Amounts payable | 17/49 | €16,274 | €26,163 | +€9,889 | +60.8% |
| Amounts payable within one year | 42/48 | €16,274 | €25,610 | +€9,336 | +57.4% |
| Trade debts | 44 | €137 | €303 | +€165 | +121% |
| Suppliers | 440/4 | €137 | €303 | +€165 | +121% |
| Taxes, remuneration and social security | 45 | €16,137 | €25,308 | +€9,171 | +56.8% |
| Taxes | 450/3 | €16,137 | €25,308 | +€9,171 | +56.8% |
| Accrued charges and deferred income | 492/3 | - | €553 | +€553 | |
| Other operating charges | 640/8 | €1,114 | €186 | -€928 | -83.3% |
| Gross operating margin | 9900 | €132,526 | €129,341 | -€3,185 | -2.4% |
| Operating profit (loss) | 9901 | €131,412 | €129,155 | -€2,257 | -1.7% |
| Financial income | 75/76B | €38 | €2,078 | +€2,040 | +5,317% |
| Recurring financial income | 75 | €38 | €2,078 | +€2,040 | +5,317% |
| Financial charges | 65/66B | €81 | €70 | -€10 | -12.6% |
| Recurring financial charges | 65 | €81 | €70 | -€10 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €131,370 | €131,163 | -€207 | -0.2% |
| Income taxes | 67/77 | €37,278 | €37,368 | +€90 | +0.2% |
| Profit (loss) for the period | 9904 | €94,092 | €93,794 | -€297 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,092 | €93,794 | -€297 | -0.3% |
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 30 October 2026 via checked.be.