PROJECTS@HOME: 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.
PROJECTS@HOME
Largest movements
- Current investments +€136,193
up €136,193 (+38.7%), from €352,095 to €488,288
- Receivables within one year -€79,232
down €79,232 (-78.4%), from €101,078 to €21,846
of which Trade receivables: -€81,717
- Cash +€37,953
up €37,953 (+29.6%), from €128,306 to €166,259
mainly Net result for the year (+€103,855) and Depreciation (+€103,497)
- Tangible fixed assets +€29,716
up €29,716 (+9.9%), from €299,536 to €329,251
of which Plant, machinery and equipment: +€95,104
- Stocks and contracts +€16,584
up €16,584 (+43.4%), from €38,182 to €54,767
- Reserves +€88,855
up €88,855 (+18.4%), from €482,103 to €570,958
- Trade debts +€44,977
up €44,977 (+68.2%), from €65,939 to €110,916
- Accrued charges and deferred income -€21,901
down €21,901 (-40.4%), from €54,157 to €32,257
- Debts after one year +€20,008
up €20,008 (+10.0%), from €200,714 to €220,722
- Other operating charges -€9,574
down €9,574 (-62.9%), from €15,228 to €5,653
- Gross operating margin +€8,150
up €8,150 (+1.2%), from €659,067 to €667,217
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 | €934,354 | €1,077,272 | +€142,918 | +15.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €300,365 | €330,080 | +€29,716 | +9.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €299,536 | €329,251 | +€29,716 | +9.9% |
| Land and buildings | 22 | €29,548 | €26,029 | -€3,519 | -11.9% |
| Plant, machinery and equipment | 23 | €74,356 | €169,461 | +€95,104 | +127.9% |
| Furniture and vehicles | 24 | €189,668 | €130,775 | -€58,894 | -31.1% |
| Leasing and similar rights | 25 | €5,963 | €2,987 | -€2,976 | -49.9% |
| Financial fixed assets | 28 | €829 | €829 | = | 0.0% |
| Current assets | 29/58 | €633,989 | €747,191 | +€113,202 | +17.9% |
| Stocks and contracts in progress | 3 | €38,182 | €54,767 | +€16,584 | +43.4% |
| Stocks | 30/36 | €38,182 | €54,767 | +€16,584 | +43.4% |
| Amounts receivable within one year | 40/41 | €101,078 | €21,846 | -€79,232 | -78.4% |
| Trade receivables | 40 | €93,943 | €12,227 | -€81,717 | -87.0% |
| Other amounts receivable | 41 | €7,135 | €9,619 | +€2,484 | +34.8% |
| Current investments | 50/53 | €352,095 | €488,288 | +€136,193 | +38.7% |
| Cash at bank and in hand | 54/58 | €128,306 | €166,259 | +€37,953 | +29.6% |
| Deferred charges and accrued income | 490/1 | €14,327 | €16,032 | +€1,704 | +11.9% |
| Total equity and liabilities | 10/49 | €934,354 | €1,077,272 | +€142,918 | +15.3% |
| Equity | 10/15 | €500,703 | €589,558 | +€88,855 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €482,103 | €570,958 | +€88,855 | +18.4% |
| Distributable reserves | 133 | €482,103 | €570,958 | +€88,855 | +18.4% |
| Amounts payable | 17/49 | €433,651 | €487,713 | +€54,062 | +12.5% |
| Amounts payable after more than one year | 17 | €200,714 | €220,722 | +€20,008 | +10.0% |
| Financial debts | 170/4 | €200,714 | €220,722 | +€20,008 | +10.0% |
| Amounts payable within one year | 42/48 | €178,780 | €234,734 | +€55,954 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €68,358 | €74,721 | +€6,363 | +9.3% |
| Trade debts | 44 | €65,939 | €110,916 | +€44,977 | +68.2% |
| Suppliers | 440/4 | €65,939 | €110,916 | +€44,977 | +68.2% |
| Taxes, remuneration and social security | 45 | €25,336 | €34,701 | +€9,365 | +37.0% |
| Taxes | 450/3 | €6,772 | €12,345 | +€5,573 | +82.3% |
| Remuneration and social security | 454/9 | €18,564 | €22,356 | +€3,792 | +20.4% |
| Other amounts payable | 47/48 | €19,147 | €14,397 | -€4,750 | -24.8% |
| Accrued charges and deferred income | 492/3 | €54,157 | €32,257 | -€21,901 | -40.4% |
| Non-recurring operating income | 76A | €3,666 | €24,236 | +€20,570 | +561.1% |
| Remuneration, social security and pensions | 62 | €408,815 | €405,622 | -€3,193 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,093 | €103,497 | +€1,404 | +1.4% |
| Other operating charges | 640/8 | €15,228 | €5,653 | -€9,574 | -62.9% |
| Gross operating margin | 9900 | €659,067 | €667,217 | +€8,150 | +1.2% |
| Operating profit (loss) | 9901 | €132,931 | €152,445 | +€19,513 | +14.7% |
| Financial income | 75/76B | €3,600 | €7,711 | +€4,111 | +114.2% |
| Recurring financial income | 75 | €3,600 | €5,278 | +€1,678 | +46.6% |
| Non-recurring financial income | 76B | - | €2,433 | +€2,433 | |
| Financial charges | 65/66B | €13,650 | €13,124 | -€527 | -3.9% |
| Recurring financial charges | 65 | €13,160 | €12,800 | -€360 | -2.7% |
| Non-recurring financial charges | 66B | €491 | €324 | -€167 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €122,881 | €147,032 | +€24,151 | +19.7% |
| Income taxes | 67/77 | €36,852 | €43,177 | +€6,325 | +17.2% |
| Profit (loss) for the period | 9904 | €86,029 | €103,855 | +€17,826 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,029 | €103,855 | +€17,826 | +20.7% |
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.