Projects4You: 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.
Projects4You
Largest movements
- Receivables within one year +€166,157
up €166,157 (+1005.1%), from €16,531 to €182,688
of which Trade receivables: +€168,663
- Stocks and contracts +€138,075
up €138,075 (+26.0%), from €530,972 to €669,046
- Cash -€20,426
down €20,426 (-74.5%), from €27,404 to €6,978
mainly Debts after one year (-€373,942) and Receivables within one year (-€166,157)
- Tangible fixed assets -€15,684
down €15,684 (-27.4%), from €57,198 to €41,514
of which Furniture and vehicles: -€15,684
- Debts after one year -€373,942
down €373,942 (-48.5%), from €770,878 to €396,936
- Current portion of long-term debt +€362,202
up €362,202 (+3085.1%), from €11,740 to €373,942
- Other debts +€177,907
up €177,907 (+144.3%), from €123,282 to €301,189
- Trade debts +€51,000
up €51,000 (+104.9%), from €48,629 to €99,630
- Advances received +€18,800
new in 2025: €18,800
- Gross operating margin +€370,392
up €370,392, from -€309,917 to €60,476
- Financial charges -€10,837
down €10,837 (-51.1%), from €21,195 to €10,358
- Depreciation +€7,901
up €7,901 (+101.5%), from €7,784 to €15,684
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 | €632,144 | €900,462 | +€268,319 | +42.4% |
| Fixed assets | 21/28 | €57,198 | €41,514 | -€15,684 | -27.4% |
| Tangible fixed assets | 22/27 | €57,198 | €41,514 | -€15,684 | -27.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €57,198 | €41,514 | -€15,684 | -27.4% |
| Current assets | 29/58 | €574,946 | €858,949 | +€284,003 | +49.4% |
| Stocks and contracts in progress | 3 | €530,972 | €669,046 | +€138,075 | +26.0% |
| Stocks | 30/36 | €530,972 | €669,046 | +€138,075 | +26.0% |
| Amounts receivable within one year | 40/41 | €16,531 | €182,688 | +€166,157 | +1005.1% |
| Trade receivables | 40 | €14,026 | €182,688 | +€168,663 | +1202.5% |
| Other amounts receivable | 41 | €2,506 | - | -€2,506 | |
| Cash at bank and in hand | 54/58 | €27,404 | €6,978 | -€20,426 | -74.5% |
| Deferred charges and accrued income | 490/1 | €38 | €236 | +€197 | +512.8% |
| Total equity and liabilities | 10/49 | €632,144 | €900,462 | +€268,319 | +42.4% |
| Equity | 10/15 | -€331,187 | -€313,364 | +€17,823 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€337,387 | -€319,564 | +€17,823 | +5.3% |
| Amounts payable | 17/49 | €963,331 | €1,213,827 | +€250,496 | +26.0% |
| Amounts payable after more than one year | 17 | €770,878 | €396,936 | -€373,942 | -48.5% |
| Financial debts | 170/4 | €770,878 | €396,936 | -€373,942 | -48.5% |
| Amounts payable within one year | 42/48 | €191,003 | €816,491 | +€625,488 | +327.5% |
| Current portion of amounts payable after more than one year | 42 | €11,740 | €373,942 | +€362,202 | +3085.1% |
| Trade debts | 44 | €48,629 | €99,630 | +€51,000 | +104.9% |
| Suppliers | 440/4 | €48,629 | €99,630 | +€51,000 | +104.9% |
| Advances received on contracts in progress | 46 | - | €18,800 | +€18,800 | |
| Taxes, remuneration and social security | 45 | €7,351 | €22,931 | +€15,579 | +211.9% |
| Taxes | 450/3 | €4,852 | €18,443 | +€13,591 | +280.1% |
| Remuneration and social security | 454/9 | €2,500 | €4,487 | +€1,988 | +79.5% |
| Other amounts payable | 47/48 | €123,282 | €301,189 | +€177,907 | +144.3% |
| Accrued charges and deferred income | 492/3 | €1,450 | €400 | -€1,050 | -72.4% |
| Remuneration, social security and pensions | 62 | €16,008 | €14,511 | -€1,497 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,784 | €15,684 | +€7,901 | +101.5% |
| Other operating charges | 640/8 | €2,362 | €1,894 | -€468 | -19.8% |
| Gross operating margin | 9900 | -€309,917 | €60,476 | +€370,392 | |
| Operating profit (loss) | 9901 | -€336,070 | €28,386 | +€364,456 | |
| Financial income | 75/76B | €1,026 | €27 | -€999 | -97.4% |
| Recurring financial income | 75 | €1,026 | €27 | -€999 | -97.4% |
| Financial charges | 65/66B | €21,195 | €10,358 | -€10,837 | -51.1% |
| Recurring financial charges | 65 | €21,195 | €10,358 | -€10,837 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | -€356,239 | €18,056 | +€374,294 | |
| Income taxes | 67/77 | €595 | €233 | -€362 | -60.9% |
| Profit (loss) for the period | 9904 | -€356,834 | €17,823 | +€374,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€356,834 | €17,823 | +€374,657 |
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.