PROJECTOPIA: 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.
PROJECTOPIA
Largest movements
- Tangible fixed assets -€30,753
down €30,753 (-8.2%), from €375,729 to €344,977
of which Land and buildings: -€19,309
- Receivables within one year +€12,805
up €12,805 (+123.9%), from €10,338 to €23,143
of which Trade receivables: +€13,846
- Other debts -€20,835
down €20,835 (-23.8%), from €87,399 to €66,564
- Debts after one year -€20,114
down €20,114 (-5.9%), from €338,306 to €318,191
- Profit (loss) carried forward +€16,232
up €16,232 (+24.7%), from -€65,644 to -€49,411
- Trade debts +€5,195
new in 2025: €5,195
- Gross operating margin +€36,048
up €36,048 (+130.0%), from €27,729 to €63,777
- Other operating charges +€4,615
up €4,615 (+581.9%), from €793 to €5,408
- Financial charges -€1,738
down €1,738 (-17.7%), from €9,841 to €8,102
- Depreciation +€1,440
up €1,440 (+4.5%), from €32,273 to €33,713
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 | €399,124 | €380,329 | -€18,794 | -4.7% |
| Fixed assets | 21/28 | €375,879 | €345,127 | -€30,753 | -8.2% |
| Tangible fixed assets | 22/27 | €375,729 | €344,977 | -€30,753 | -8.2% |
| Land and buildings | 22 | €316,966 | €297,657 | -€19,309 | -6.1% |
| Plant, machinery and equipment | 23 | €41,600 | €37,180 | -€4,420 | -10.6% |
| Furniture and vehicles | 24 | €17,163 | €10,140 | -€7,023 | -40.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €23,245 | €35,203 | +€11,958 | +51.4% |
| Amounts receivable within one year | 40/41 | €10,338 | €23,143 | +€12,805 | +123.9% |
| Trade receivables | 40 | €9,297 | €23,143 | +€13,846 | +148.9% |
| Other amounts receivable | 41 | €1,041 | - | -€1,041 | |
| Cash at bank and in hand | 54/58 | €12,907 | €12,060 | -€847 | -6.6% |
| Total equity and liabilities | 10/49 | €399,124 | €380,329 | -€18,794 | -4.7% |
| Equity | 10/15 | -€47,044 | -€30,811 | +€16,232 | +34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,644 | -€49,411 | +€16,232 | +24.7% |
| Amounts payable | 17/49 | €446,168 | €411,141 | -€35,027 | -7.9% |
| Amounts payable after more than one year | 17 | €338,306 | €318,191 | -€20,114 | -5.9% |
| Financial debts | 170/4 | €338,306 | €318,191 | -€20,114 | -5.9% |
| Amounts payable within one year | 42/48 | €107,862 | €92,950 | -€14,913 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €19,858 | €20,114 | +€256 | +1.3% |
| Trade debts | 44 | - | €5,195 | +€5,195 | |
| Suppliers | 440/4 | - | €5,195 | +€5,195 | |
| Taxes, remuneration and social security | 45 | €605 | €1,076 | +€472 | +78.0% |
| Taxes | 450/3 | €605 | €1,076 | +€472 | +78.0% |
| Other amounts payable | 47/48 | €87,399 | €66,564 | -€20,835 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,273 | €33,713 | +€1,440 | +4.5% |
| Other operating charges | 640/8 | €793 | €5,408 | +€4,615 | +581.9% |
| Gross operating margin | 9900 | €27,729 | €63,777 | +€36,048 | +130.0% |
| Operating profit (loss) | 9901 | -€5,337 | €24,656 | +€29,994 | |
| Financial charges | 65/66B | €9,841 | €8,102 | -€1,738 | -17.7% |
| Recurring financial charges | 65 | €9,841 | €8,102 | -€1,738 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,178 | €16,554 | +€31,732 | |
| Income taxes | 67/77 | €583 | €321 | -€261 | -44.9% |
| Profit (loss) for the period | 9904 | -€15,761 | €16,232 | +€31,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,761 | €16,232 | +€31,993 |
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 28 September 2026 via checked.be.