Projects In Care: 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.
Projects In Care
Largest movements
- Receivables within one year +€302,928
up €302,928 (+19.1%), from €1.6m to €1.9m
of which Other amounts receivable: +€699,322
- Cash -€276,725
down €276,725 (-55.0%), from €502,856 to €226,131
mainly Contributions, distributions and other (-€835,000) and Trade debts (-€303,972)
- Other debts +€835,000
new in 2025: €835,000
- Reserves -€577,214
down €577,214 (-60.9%), from €947,544 to €370,330
- Trade debts -€303,972
down €303,972 (-37.1%), from €819,572 to €515,600
- Short-term financial debts +€83,002
up €83,002 (+77.0%), from €107,847 to €190,849
- Tax, wage and social debts -€43,826
down €43,826 (-19.5%), from €225,073 to €181,247
of which Remuneration and social security: -€35,858
- Gross operating margin -€903,001
down €903,001 (-51.5%), from €1.8m to €849,490
- Staff costs -€423,849
down €423,849 (-46.6%), from €910,147 to €486,298
- Taxes -€133,025
down €133,025 (-56.2%), from €236,746 to €103,721
- Other operating charges -€20,610
down €20,610 (-92.2%), from €22,357 to €1,746
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 | €2,121,405 | €2,134,664 | +€13,259 | +0.6% |
| Fixed assets | 21/28 | €11,389 | €8,018 | -€3,371 | -29.6% |
| Tangible fixed assets | 22/27 | €4,639 | €1,268 | -€3,371 | -72.7% |
| Plant, machinery and equipment | 23 | €4,639 | €1,268 | -€3,371 | -72.7% |
| Financial fixed assets | 28 | €6,750 | €6,750 | = | 0.0% |
| Current assets | 29/58 | €2,110,017 | €2,126,646 | +€16,630 | +0.8% |
| Amounts receivable within one year | 40/41 | €1,585,887 | €1,888,815 | +€302,928 | +19.1% |
| Trade receivables | 40 | €1,536,694 | €1,140,300 | -€396,394 | -25.8% |
| Other amounts receivable | 41 | €49,193 | €748,515 | +€699,322 | +1,422% |
| Cash at bank and in hand | 54/58 | €502,856 | €226,131 | -€276,725 | -55.0% |
| Deferred charges and accrued income | 490/1 | €21,273 | €11,700 | -€9,573 | -45.0% |
| Total equity and liabilities | 10/49 | €2,121,405 | €2,134,664 | +€13,259 | +0.6% |
| Equity | 10/15 | €966,144 | €388,930 | -€577,214 | -59.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €947,544 | €370,330 | -€577,214 | -60.9% |
| Distributable reserves | 133 | €947,544 | €370,330 | -€577,214 | -60.9% |
| Amounts payable | 17/49 | €1,155,262 | €1,745,735 | +€590,473 | +51.1% |
| Amounts payable within one year | 42/48 | €1,152,492 | €1,722,695 | +€570,203 | +49.5% |
| Financial debts | 43 | €107,847 | €190,849 | +€83,002 | +77.0% |
| Credit institutions | 430/8 | €107,847 | €190,849 | +€83,002 | +77.0% |
| Trade debts | 44 | €819,572 | €515,600 | -€303,972 | -37.1% |
| Suppliers | 440/4 | €819,572 | €515,600 | -€303,972 | -37.1% |
| Taxes, remuneration and social security | 45 | €225,073 | €181,247 | -€43,826 | -19.5% |
| Taxes | 450/3 | €153,077 | €145,109 | -€7,968 | -5.2% |
| Remuneration and social security | 454/9 | €71,996 | €36,137 | -€35,858 | -49.8% |
| Other amounts payable | 47/48 | - | €835,000 | +€835,000 | |
| Accrued charges and deferred income | 492/3 | €2,769 | €23,039 | +€20,270 | +732% |
| Remuneration, social security and pensions | 62 | €910,147 | €486,298 | -€423,849 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,726 | €3,371 | -€356 | -9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,076 | - | +€4,076 | |
| Other operating charges | 640/8 | €22,357 | €1,746 | -€20,610 | -92.2% |
| Gross operating margin | 9900 | €1,752,491 | €849,490 | -€903,001 | -51.5% |
| Operating profit (loss) | 9901 | €820,336 | €358,074 | -€462,262 | -56.4% |
| Financial income | 75/76B | €0 | €12,059 | +€12,059 | +4,019,727% |
| Recurring financial income | 75 | €0 | €12,059 | +€12,059 | +4,019,727% |
| Financial charges | 65/66B | €16,229 | €8,627 | -€7,602 | -46.8% |
| Recurring financial charges | 65 | €16,229 | €8,627 | -€7,602 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €804,107 | €361,507 | -€442,600 | -55.0% |
| Income taxes | 67/77 | €236,746 | €103,721 | -€133,025 | -56.2% |
| Profit (loss) for the period | 9904 | €567,361 | €257,786 | -€309,576 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €567,361 | €257,786 | -€309,576 | -54.6% |
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 29 October 2026 via checked.be.