PROJECTRUNNER: 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.
PROJECTRUNNER
Largest movements
- Cash +€10,684
up €10,684 (+36.8%), from €29,067 to €39,751
mainly Net result for the year (+€25,286) and Tax, wage and social debts (+€10,113)
- Receivables within one year -€3,433
down €3,433 (-15.5%), from €22,198 to €18,764
of which Trade receivables: -€9,868
- Tangible fixed assets -€2,942
down €2,942 (-21.3%), from €13,834 to €10,892
of which Furniture and vehicles: -€4,457
- Deferred charges and accrued income -€968
down €968 (-50.0%), from €1,934 to €967
- Tax, wage and social debts +€10,113
up €10,113 (+146%), from €6,935 to €17,048
- Other debts -€3,347
down €3,347 (-11.7%), from €28,633 to €25,286
- Debts after one year -€2,830
down €2,830 (-55.9%), from €5,061 to €2,232
- Current portion of long-term debt -€2,401
down €2,401 (-45.9%), from €5,230 to €2,830
- Trade debts +€1,806
up €1,806 (+70.2%), from €2,573 to €4,379
- Gross operating margin +€5,094
up €5,094 (+13.0%), from €39,080 to €44,173
- Taxes +€1,082
up €1,082 (+16.0%), from €6,759 to €7,842
- Financial charges +€1,016
up €1,016 (+58.6%), from €1,735 to €2,751
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 | €67,033 | €70,374 | +€3,341 | +5.0% |
| Fixed assets | 21/28 | €13,834 | €10,892 | -€2,942 | -21.3% |
| Tangible fixed assets | 22/27 | €13,834 | €10,892 | -€2,942 | -21.3% |
| Plant, machinery and equipment | 23 | - | €1,515 | +€1,515 | |
| Furniture and vehicles | 24 | €13,834 | €9,377 | -€4,457 | -32.2% |
| Current assets | 29/58 | €53,199 | €59,482 | +€6,283 | +11.8% |
| Amounts receivable within one year | 40/41 | €22,198 | €18,764 | -€3,433 | -15.5% |
| Trade receivables | 40 | €18,150 | €8,282 | -€9,868 | -54.4% |
| Other amounts receivable | 41 | €4,048 | €10,482 | +€6,434 | +159% |
| Cash at bank and in hand | 54/58 | €29,067 | €39,751 | +€10,684 | +36.8% |
| Deferred charges and accrued income | 490/1 | €1,934 | €967 | -€968 | -50.0% |
| Total equity and liabilities | 10/49 | €67,033 | €70,374 | +€3,341 | +5.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €48,433 | €51,774 | +€3,341 | +6.9% |
| Amounts payable after more than one year | 17 | €5,061 | €2,232 | -€2,830 | -55.9% |
| Financial debts | 170/4 | €5,061 | €2,232 | -€2,830 | -55.9% |
| Amounts payable within one year | 42/48 | €43,371 | €49,542 | +€6,171 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €5,230 | €2,830 | -€2,401 | -45.9% |
| Trade debts | 44 | €2,573 | €4,379 | +€1,806 | +70.2% |
| Suppliers | 440/4 | €2,573 | €4,379 | +€1,806 | +70.2% |
| Taxes, remuneration and social security | 45 | €6,935 | €17,048 | +€10,113 | +146% |
| Taxes | 450/3 | €6,935 | €17,048 | +€10,113 | +146% |
| Other amounts payable | 47/48 | €28,633 | €25,286 | -€3,347 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,674 | €7,612 | -€61 | -0.8% |
| Other operating charges | 640/8 | €787 | €891 | +€103 | +13.1% |
| Gross operating margin | 9900 | €39,080 | €44,173 | +€5,094 | +13.0% |
| Operating profit (loss) | 9901 | €30,619 | €35,671 | +€5,052 | +16.5% |
| Financial income | 75/76B | €257 | €208 | -€49 | -19.1% |
| Recurring financial income | 75 | €257 | €208 | -€49 | -19.1% |
| Financial charges | 65/66B | €1,735 | €2,751 | +€1,016 | +58.6% |
| Recurring financial charges | 65 | €1,735 | €2,751 | +€1,016 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €29,141 | €33,128 | +€3,987 | +13.7% |
| Income taxes | 67/77 | €6,759 | €7,842 | +€1,082 | +16.0% |
| Profit (loss) for the period | 9904 | €22,381 | €25,286 | +€2,905 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,381 | €25,286 | +€2,905 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.