PROJECTS P+: 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 P+
Largest movements
- Tangible fixed assets -€9,098
down €9,098 (-26.8%), from €33,910 to €24,812
of which Furniture and vehicles: -€8,804
- Receivables within one year +€6,538
up €6,538 (+111%), from €5,902 to €12,440
of which Trade receivables: +€6,969
- Cash -€1,719
down €1,719 (-12.0%), from €14,302 to €12,584
mainly Other debts (-€9,599) and Receivables within one year (-€6,538)
- Deferred charges and accrued income +€1,349
up €1,349 (+16,785%), from €8 to €1,358
- Other debts -€9,599
down €9,599 (-18.3%), from €52,473 to €42,873
- Profit (loss) carried forward +€5,134
up €5,134 (+80.4%), from -€6,383 to -€1,249
- Trade debts +€2,846
up €2,846 (+88.0%), from €3,235 to €6,081
- Tax, wage and social debts -€1,310
down €1,310 (-72.9%), from €1,797 to €488
of which Remuneration and social security: -€1,776
- Gross operating margin +€7,954
up €7,954 (+79.6%), from €9,988 to €17,942
- Depreciation -€1,559
down €1,559 (-14.6%), from €10,657 to €9,098
- Staff costs -€1,140
down €1,140 (-33.8%), from €3,370 to €2,230
- Other operating charges -€1,112
down €1,112 (-53.2%), from €2,090 to €978
- Taxes +€466
new in 2025: €466
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 | €54,122 | €51,193 | -€2,929 | -5.4% |
| Fixed assets | 21/28 | €33,910 | €24,812 | -€9,098 | -26.8% |
| Tangible fixed assets | 22/27 | €33,910 | €24,812 | -€9,098 | -26.8% |
| Plant, machinery and equipment | 23 | €621 | €327 | -€294 | -47.3% |
| Furniture and vehicles | 24 | €33,288 | €24,485 | -€8,804 | -26.4% |
| Current assets | 29/58 | €20,212 | €26,381 | +€6,169 | +30.5% |
| Amounts receivable within one year | 40/41 | €5,902 | €12,440 | +€6,538 | +111% |
| Trade receivables | 40 | €4,576 | €11,545 | +€6,969 | +152% |
| Other amounts receivable | 41 | €1,325 | €895 | -€431 | -32.5% |
| Cash at bank and in hand | 54/58 | €14,302 | €12,584 | -€1,719 | -12.0% |
| Deferred charges and accrued income | 490/1 | €8 | €1,358 | +€1,349 | +16,785% |
| Total equity and liabilities | 10/49 | €54,122 | €51,193 | -€2,929 | -5.4% |
| Equity | 10/15 | -€3,383 | €1,751 | +€5,134 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,383 | -€1,249 | +€5,134 | +80.4% |
| Amounts payable | 17/49 | €57,505 | €49,442 | -€8,063 | -14.0% |
| Amounts payable within one year | 42/48 | €57,505 | €49,442 | -€8,063 | -14.0% |
| Trade debts | 44 | €3,235 | €6,081 | +€2,846 | +88.0% |
| Suppliers | 440/4 | €3,235 | €6,081 | +€2,846 | +88.0% |
| Taxes, remuneration and social security | 45 | €1,797 | €488 | -€1,310 | -72.9% |
| Taxes | 450/3 | €22 | €488 | +€466 | +2,151% |
| Remuneration and social security | 454/9 | €1,776 | - | -€1,776 | |
| Other amounts payable | 47/48 | €52,473 | €42,873 | -€9,599 | -18.3% |
| Remuneration, social security and pensions | 62 | €3,370 | €2,230 | -€1,140 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,657 | €9,098 | -€1,559 | -14.6% |
| Other operating charges | 640/8 | €2,090 | €978 | -€1,112 | -53.2% |
| Gross operating margin | 9900 | €9,988 | €17,942 | +€7,954 | +79.6% |
| Operating profit (loss) | 9901 | -€6,129 | €5,636 | +€11,766 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +11,380% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +11,380% |
| Financial charges | 65/66B | €254 | €42 | -€213 | -83.6% |
| Recurring financial charges | 65 | €254 | €42 | -€213 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,383 | €5,600 | +€11,984 | |
| Income taxes | 67/77 | - | €466 | +€466 | |
| Profit (loss) for the period | 9904 | -€6,383 | €5,134 | +€11,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,383 | €5,134 | +€11,518 |
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 15 October 2026 via checked.be.