PROJECTS & PARTNERS: 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 & PARTNERS
Largest movements
- Current investments +€3,859
up €3,859 (+32158.3%), from €12 to €3,871
- Receivables within one year -€3,030
down €3,030 (-21.0%), from €14,427 to €11,397
of which Other amounts receivable: -€6,047
- Tangible fixed assets -€1,086
down €1,086 (-14.4%), from €7,566 to €6,480
- Trade debts -€7,509
down €7,509 (-69.6%), from €10,796 to €3,287
- Other debts +€7,216
up €7,216 (+160.4%), from €4,500 to €11,716
- Gross operating margin -€3,497
down €3,497 (-64.0%), from €5,460 to €1,963
- Other operating charges -€1,846
down €1,846 (-62.9%), from €2,936 to €1,090
- Financial charges -€467
down €467 (-62.1%), from €752 to €285
- Taxes -€397
down €397 (-79.4%), from €500 to €103
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,005 | €66,748 | -€257 | -0.4% |
| Fixed assets | 21/28 | €7,566 | €6,480 | -€1,086 | -14.4% |
| Tangible fixed assets | 22/27 | €7,566 | €6,480 | -€1,086 | -14.4% |
| Other tangible fixed assets | 26 | €7,566 | €6,480 | -€1,086 | -14.4% |
| Current assets | 29/58 | €59,439 | €60,268 | +€829 | +1.4% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,427 | €11,397 | -€3,030 | -21.0% |
| Trade receivables | 40 | €8,380 | €11,397 | +€3,017 | +36.0% |
| Other amounts receivable | 41 | €6,047 | - | -€6,047 | |
| Current investments | 50/53 | €12 | €3,871 | +€3,859 | +32158.3% |
| Total equity and liabilities | 10/49 | €67,005 | €66,748 | -€257 | -0.4% |
| Equity | 10/15 | €50,563 | €49,962 | -€601 | -1.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,704 | €29,103 | -€601 | -2.0% |
| Amounts payable | 17/49 | €16,442 | €16,786 | +€344 | +2.1% |
| Amounts payable within one year | 42/48 | €16,442 | €16,786 | +€344 | +2.1% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €10,796 | €3,287 | -€7,509 | -69.6% |
| Suppliers | 440/4 | €10,796 | €3,287 | -€7,509 | -69.6% |
| Taxes, remuneration and social security | 45 | €1,145 | €1,783 | +€638 | +55.7% |
| Taxes | 450/3 | €1,145 | €1,783 | +€638 | +55.7% |
| Other amounts payable | 47/48 | €4,500 | €11,716 | +€7,216 | +160.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €1,086 | = | 0.0% |
| Other operating charges | 640/8 | €2,936 | €1,090 | -€1,846 | -62.9% |
| Gross operating margin | 9900 | €5,460 | €1,963 | -€3,497 | -64.0% |
| Operating profit (loss) | 9901 | €1,438 | -€213 | -€1,651 | |
| Financial charges | 65/66B | €752 | €285 | -€467 | -62.1% |
| Recurring financial charges | 65 | €752 | €285 | -€467 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €686 | -€498 | -€1,184 | |
| Income taxes | 67/77 | €500 | €103 | -€397 | -79.4% |
| Profit (loss) for the period | 9904 | €186 | -€601 | -€787 | |
| Profit (loss) for the period to be appropriated | 9905 | €186 | -€601 | -€787 |
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 7 October 2026 via checked.be.