Projectts: 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.
Projectts
Largest movements
- Receivables within one year -€206,695
down €206,695 (-99.8%), from €207,053 to €357
of which Trade receivables: -€201,207
- Stocks and contracts -€74,924
down €74,924 (-20.3%), from €368,193 to €293,269
- Receivables after one year -€61,262
no longer reported in 2025 (was €61,262)
- Debts after one year -€133,887
no longer reported in 2025 (was €133,887)
- Profit (loss) carried forward -€93,959
down €93,959 (-334.4%), from -€28,100 to -€122,058
- Other debts -€83,824
down €83,824 (-20.4%), from €410,762 to €326,938
- Trade debts -€39,578
down €39,578 (-50.8%), from €77,954 to €38,376
- Gross operating margin -€60,595
down €60,595 (-247.9%), from -€24,438 to -€85,033
- Financial income -€2,715
down €2,715 (-90.3%), from €3,005 to €290
- Financial charges +€1,587
up €1,587 (+118.5%), from €1,339 to €2,926
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 | €700,711 | €349,792 | -€350,919 | -50.1% |
| Fixed assets | 21/28 | €55,240 | €52,169 | -€3,071 | -5.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €5,000 | €1,929 | -€3,071 | -61.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €5,000 | €1,929 | -€3,071 | -61.4% |
| Financial fixed assets | 28 | €50,240 | €50,240 | = | 0.0% |
| Current assets | 29/58 | €645,471 | €297,623 | -€347,848 | -53.9% |
| Amounts receivable after more than one year | 29 | €61,262 | - | -€61,262 | |
| Other amounts receivable | 291 | €61,262 | - | -€61,262 | |
| Stocks and contracts in progress | 3 | €368,193 | €293,269 | -€74,924 | -20.3% |
| Stocks | 30/36 | €368,193 | €293,269 | -€74,924 | -20.3% |
| Amounts receivable within one year | 40/41 | €207,053 | €357 | -€206,695 | -99.8% |
| Trade receivables | 40 | €201,207 | - | -€201,207 | |
| Other amounts receivable | 41 | €5,845 | €357 | -€5,488 | -93.9% |
| Cash at bank and in hand | 54/58 | €8,430 | €3,373 | -€5,058 | -60.0% |
| Deferred charges and accrued income | 490/1 | €533 | €624 | +€90 | +16.9% |
| Total equity and liabilities | 10/49 | €700,711 | €349,792 | -€350,919 | -50.1% |
| Equity | 10/15 | €77,713 | -€16,245 | -€93,959 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €55,813 | €55,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €50,813 | €50,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,100 | -€122,058 | -€93,959 | -334.4% |
| Amounts payable | 17/49 | €622,998 | €366,037 | -€256,960 | -41.2% |
| Amounts payable after more than one year | 17 | €133,887 | - | -€133,887 | |
| Financial debts | 170/4 | €133,887 | - | -€133,887 | |
| Amounts payable within one year | 42/48 | €489,111 | €366,037 | -€123,074 | -25.2% |
| Trade debts | 44 | €77,954 | €38,376 | -€39,578 | -50.8% |
| Suppliers | 440/4 | €77,954 | €38,376 | -€39,578 | -50.8% |
| Taxes, remuneration and social security | 45 | €396 | €723 | +€328 | +82.9% |
| Taxes | 450/3 | €396 | €723 | +€328 | +82.9% |
| Other amounts payable | 47/48 | €410,762 | €326,938 | -€83,824 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,027 | +€27 | +0.5% |
| Other operating charges | 640/8 | €1,767 | €1,088 | -€680 | -38.5% |
| Gross operating margin | 9900 | -€24,438 | -€85,033 | -€60,595 | -247.9% |
| Operating profit (loss) | 9901 | -€31,206 | -€91,147 | -€59,942 | -192.1% |
| Financial income | 75/76B | €3,005 | €290 | -€2,715 | -90.3% |
| Recurring financial income | 75 | €3,005 | €290 | -€2,715 | -90.3% |
| Financial charges | 65/66B | €1,339 | €2,926 | +€1,587 | +118.5% |
| Recurring financial charges | 65 | €1,339 | €2,926 | +€1,587 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,539 | -€93,783 | -€64,244 | -217.5% |
| Income taxes | 67/77 | €75 | €175 | +€100 | +134.0% |
| Profit (loss) for the period | 9904 | -€29,614 | -€93,959 | -€64,344 | -217.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,614 | -€93,959 | -€64,344 | -217.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.