Projectontwikkeling: 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.
Projectontwikkeling
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+132.2%), from €1.1m to €2.6m
of which Other amounts receivable: +€1.3m
- Cash -€241,428
down €241,428 (-67.5%), from €357,763 to €116,335
mainly Contributions, distributions and other (-€2.1m) and Receivables within one year (-€1.5m)
- Other debts +€1.8m
up €1.8m (+600.0%), from €300,000 to €2.1m
- Reserves -€400,000
down €400,000 (-4.8%), from €8.4m to €8.0m
of which Distributable reserves: -€400,000
- Tax, wage and social debts -€187,698
down €187,698 (-99.1%), from €189,432 to €1,735
- Goods and materials -€704,640
down €704,640 (-83.1%), from €847,996 to €143,356
of which Change in stocks: decrease (increase): -€632,799
- Financial income +€634,465
up €634,465 (+1586161250.0%), from €0 to €634,465
of which Non-recurring financial income: +€634,465
- Turnover +€521,886
up €521,886 (+31.6%), from €1.6m to €2.2m
- Taxes +€463,742
up €463,742 (+457.4%), from €101,378 to €565,120
- Other operating charges +€31,469
up €31,469 (+576.0%), from €5,463 to €36,932
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 | €9,922,331 | €11,063,710 | +€1.1m | +11.5% |
| Fixed assets | 21/28 | €4,432,406 | €4,425,640 | -€6,766 | -0.2% |
| Tangible fixed assets | 22/27 | €171,880 | €166,114 | -€5,766 | -3.4% |
| Land and buildings | 22 | €171,880 | €161,151 | -€10,729 | -6.2% |
| Furniture and vehicles | 24 | - | €4,962 | +€4,962 | |
| Financial fixed assets | 28 | €4,260,526 | €4,259,526 | -€1,000 | 0.0% |
| Affiliated companies | 280/1 | €4,259,526 | €4,259,526 | = | 0.0% |
| Participating interests | 280 | €4,259,526 | €4,259,526 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,000 | - | -€1,000 | |
| Amounts receivable and cash guarantees | 285/8 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €5,489,925 | €6,638,070 | +€1.1m | +20.9% |
| Stocks and contracts in progress | 3 | €3,950,440 | €3,920,774 | -€29,666 | -0.8% |
| Stocks | 30/36 | €3,950,440 | €3,920,774 | -€29,666 | -0.8% |
| Property held for sale | 35 | €3,950,440 | €3,920,774 | -€29,666 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,119,183 | €2,598,407 | +€1.5m | +132.2% |
| Trade receivables | 40 | €244,183 | €413,526 | +€169,343 | +69.4% |
| Other amounts receivable | 41 | €875,000 | €2,184,880 | +€1.3m | +149.7% |
| Cash at bank and in hand | 54/58 | €357,763 | €116,335 | -€241,428 | -67.5% |
| Deferred charges and accrued income | 490/1 | €62,538 | €2,554 | -€59,984 | -95.9% |
| Total equity and liabilities | 10/49 | €9,922,331 | €11,063,710 | +€1.1m | +11.5% |
| Equity | 10/15 | €9,295,799 | €8,891,031 | -€404,768 | -4.4% |
| Contributions | 10/11 | €898,443 | €898,443 | = | 0.0% |
| Capital | 10 | €898,443 | €898,443 | = | 0.0% |
| Issued capital | 100 | €898,443 | €898,443 | = | 0.0% |
| Reserves | 13 | €8,375,000 | €7,975,000 | -€400,000 | -4.8% |
| Non-distributable reserves | 130/1 | €125,000 | €125,000 | = | 0.0% |
| Legal reserve | 130 | €125,000 | €125,000 | = | 0.0% |
| Distributable reserves | 133 | €8,250,000 | €7,850,000 | -€400,000 | -4.8% |
| Profit (loss) carried forward | 14 | €22,356 | €17,588 | -€4,768 | -21.3% |
| Amounts payable | 17/49 | €626,532 | €2,172,678 | +€1.5m | +246.8% |
| Amounts payable within one year | 42/48 | €612,517 | €2,165,151 | +€1.6m | +253.5% |
| Financial debts | 43 | €25,575 | €25,252 | -€324 | -1.3% |
| Credit institutions | 430/8 | €25,575 | €25,252 | -€324 | -1.3% |
| Trade debts | 44 | €97,509 | €38,165 | -€59,344 | -60.9% |
| Suppliers | 440/4 | €97,509 | €38,165 | -€59,344 | -60.9% |
| Taxes, remuneration and social security | 45 | €189,432 | €1,735 | -€187,698 | -99.1% |
| Taxes | 450/3 | €189,432 | €1,735 | -€187,698 | -99.1% |
| Other amounts payable | 47/48 | €300,000 | €2,100,000 | +€1.8m | +600.0% |
| Accrued charges and deferred income | 492/3 | €14,015 | €7,527 | -€6,488 | -46.3% |
| Operating income | 70/76A | €1,694,721 | €2,215,879 | +€521,159 | +30.8% |
| Turnover | 70 | €1,649,437 | €2,171,323 | +€521,886 | +31.6% |
| Other operating income | 74 | €45,283 | €44,556 | -€727 | -1.6% |
| Operating charges | 60/66A | €1,123,716 | €449,914 | -€673,801 | -60.0% |
| Goods for resale, raw materials and consumables | 60 | €847,996 | €143,356 | -€704,640 | -83.1% |
| Purchases | 600/8 | €185,530 | €113,689 | -€71,841 | -38.7% |
| Change in stocks: decrease (increase) | 609 | €662,465 | €29,666 | -€632,799 | -95.5% |
| Services and other goods | 61 | €259,471 | €257,657 | -€1,814 | -0.7% |
| Remuneration, social security and pensions | 62 | €57 | - | -€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,729 | €11,969 | +€1,241 | +11.6% |
| Other operating charges | 640/8 | €5,463 | €36,932 | +€31,469 | +576.0% |
| Operating profit (loss) | 9901 | €571,005 | €1,765,965 | +€1.2m | +209.3% |
| Financial income | 75/76B | €0 | €634,465 | +€634,465 | +1586161250.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Other financial income | 752/9 | €0 | €0 | = | 0.0% |
| Non-recurring financial income | 76B | - | €634,465 | +€634,465 | |
| Financial charges | 65/66B | €165,579 | €140,078 | -€25,501 | -15.4% |
| Recurring financial charges | 65 | €165,579 | €140,078 | -€25,501 | -15.4% |
| Debt charges | 650 | €165,579 | €140,078 | -€25,501 | -15.4% |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €405,427 | €2,260,352 | +€1.9m | +457.5% |
| Income taxes | 67/77 | €101,378 | €565,120 | +€463,742 | +457.4% |
| Taxes | 670/3 | €101,378 | €565,120 | +€463,742 | +457.4% |
| Profit (loss) for the period | 9904 | €304,049 | €1,695,232 | +€1.4m | +457.6% |
| Profit (loss) for the period to be appropriated | 9905 | €304,049 | €1,695,232 | +€1.4m | +457.6% |
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 12 October 2026 via checked.be.