PROJECTSERV: 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.
PROJECTSERV
Largest movements
- Cash -€27,839
down €27,839 (-74.5%), from €37,346 to €9,507
mainly Current portion of long-term debt (-€22,080) and Deferred charges and accrued income (-€20,001)
- Deferred charges and accrued income +€20,001
new in 2025: €20,001
- Tangible fixed assets -€12,267
down €12,267 (-3.9%), from €317,224 to €304,957
of which Land and buildings: -€10,320
- Receivables within one year +€7,648
up €7,648 (+2922.6%), from €262 to €7,910
of which Other amounts receivable: +€7,572
- Current portion of long-term debt -€22,080
down €22,080 (-78.3%), from €28,213 to €6,132
- Trade debts +€7,251
up €7,251 (+95.5%), from €7,596 to €14,848
- Gross operating margin -€43,188
down €43,188 (-65.6%), from €65,837 to €22,649
- Other operating charges -€19,700
down €19,700 (-81.1%), from €24,280 to €4,580
- Taxes -€18,153
down €18,153, from €17,993 to -€160
- Financial charges -€4,529
down €4,529 (-70.8%), from €6,395 to €1,866
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 | €370,583 | €358,125 | -€12,457 | -3.4% |
| Fixed assets | 21/28 | €317,224 | €304,957 | -€12,267 | -3.9% |
| Tangible fixed assets | 22/27 | €317,224 | €304,957 | -€12,267 | -3.9% |
| Land and buildings | 22 | €304,529 | €294,209 | -€10,320 | -3.4% |
| Plant, machinery and equipment | 23 | €309 | - | -€309 | |
| Furniture and vehicles | 24 | €171 | €430 | +€259 | +151.6% |
| Other tangible fixed assets | 26 | €12,216 | €10,318 | -€1,898 | -15.5% |
| Current assets | 29/58 | €53,358 | €53,168 | -€190 | -0.4% |
| Stocks and contracts in progress | 3 | €15,750 | €15,750 | = | 0.0% |
| Contracts in progress | 37 | €15,750 | €15,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €262 | €7,910 | +€7,648 | +2922.6% |
| Trade receivables | 40 | - | €76 | +€76 | |
| Other amounts receivable | 41 | €262 | €7,834 | +€7,572 | +2893.5% |
| Cash at bank and in hand | 54/58 | €37,346 | €9,507 | -€27,839 | -74.5% |
| Deferred charges and accrued income | 490/1 | - | €20,001 | +€20,001 | |
| Total equity and liabilities | 10/49 | €370,583 | €358,125 | -€12,457 | -3.4% |
| Equity | 10/15 | €213,289 | €214,583 | +€1,294 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,790 | €205,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €203,930 | €203,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,101 | -€9,807 | +€1,294 | +11.7% |
| Amounts payable | 17/49 | €157,293 | €143,542 | -€13,751 | -8.7% |
| Amounts payable after more than one year | 17 | €112,497 | €112,497 | = | 0.0% |
| Financial debts | 170/4 | €112,497 | €112,497 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,796 | €31,045 | -€13,751 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €28,213 | €6,132 | -€22,080 | -78.3% |
| Trade debts | 44 | €7,596 | €14,848 | +€7,251 | +95.5% |
| Suppliers | 440/4 | €7,596 | €14,848 | +€7,251 | +95.5% |
| Taxes, remuneration and social security | 45 | €6,432 | €10,065 | +€3,632 | +56.5% |
| Taxes | 450/3 | €6,432 | €7,405 | +€972 | +15.1% |
| Remuneration and social security | 454/9 | - | €2,660 | +€2,660 | |
| Other amounts payable | 47/48 | €2,555 | - | -€2,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,469 | €15,069 | +€600 | +4.1% |
| Other operating charges | 640/8 | €24,280 | €4,580 | -€19,700 | -81.1% |
| Gross operating margin | 9900 | €65,837 | €22,649 | -€43,188 | -65.6% |
| Operating profit (loss) | 9901 | €27,089 | €3,000 | -€24,088 | -88.9% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €6,395 | €1,866 | -€4,529 | -70.8% |
| Recurring financial charges | 65 | €6,395 | €1,866 | -€4,529 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €20,721 | €1,134 | -€19,586 | -94.5% |
| Income taxes | 67/77 | €17,993 | -€160 | -€18,153 | |
| Profit (loss) for the period | 9904 | €2,727 | €1,294 | -€1,433 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,727 | €1,294 | -€1,433 | -52.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.