PROJECTWERK: 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.
PROJECTWERK
Largest movements
- Receivables within one year -€6,127
down €6,127 (-12.7%), from €48,115 to €41,988
of which Other amounts receivable: -€6,015
- Deferred charges and accrued income -€2,917
down €2,917 (-100%), from €2,917 to €0
- Cash -€2,606
down €2,606 (-93.5%), from €2,788 to €182
mainly Net result for the year (-€10,855) and Trade debts (-€3,223)
- Tangible fixed assets -€1,171
down €1,171 (-15.2%), from €7,691 to €6,520
of which Land and buildings: -€763
- Profit (loss) carried forward -€10,855
down €10,855 (-77.1%), from €14,081 to €3,225
- Trade debts -€3,223
down €3,223 (-71.0%), from €4,538 to €1,314
- Other debts +€1,880
up €1,880 (+20.2%), from €9,290 to €11,171
- Tax, wage and social debts -€623
down €623 (-100%), from €623 to €0
of which Taxes: -€623
- Gross operating margin +€17,006
up €17,006 (+66.3%), from -€25,635 to -€8,629
- Financial charges -€2,468
down €2,468 (-95.7%), from €2,580 to €112
- Other operating charges +€379
up €379 (+67.1%), from €565 to €943
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 | €61,512 | €48,691 | -€12,821 | -20.8% |
| Fixed assets | 21/28 | €7,691 | €6,520 | -€1,171 | -15.2% |
| Tangible fixed assets | 22/27 | €7,691 | €6,520 | -€1,171 | -15.2% |
| Land and buildings | 22 | €6,965 | €6,201 | -€763 | -11.0% |
| Furniture and vehicles | 24 | €726 | €319 | -€407 | -56.1% |
| Current assets | 29/58 | €53,821 | €42,171 | -€11,650 | -21.6% |
| Amounts receivable within one year | 40/41 | €48,115 | €41,988 | -€6,127 | -12.7% |
| Trade receivables | 40 | €36,642 | €36,530 | -€112 | -0.3% |
| Other amounts receivable | 41 | €11,474 | €5,459 | -€6,015 | -52.4% |
| Cash at bank and in hand | 54/58 | €2,788 | €182 | -€2,606 | -93.5% |
| Deferred charges and accrued income | 490/1 | €2,917 | €0 | -€2,917 | -100% |
| Total equity and liabilities | 10/49 | €61,512 | €48,691 | -€12,821 | -20.8% |
| Equity | 10/15 | €47,062 | €36,206 | -€10,855 | -23.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,981 | €12,981 | = | 0.0% |
| Distributable reserves | 133 | €12,981 | €12,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,081 | €3,225 | -€10,855 | -77.1% |
| Amounts payable | 17/49 | €14,450 | €12,485 | -€1,965 | -13.6% |
| Amounts payable within one year | 42/48 | €14,450 | €12,485 | -€1,965 | -13.6% |
| Trade debts | 44 | €4,538 | €1,314 | -€3,223 | -71.0% |
| Suppliers | 440/4 | €4,538 | €1,314 | -€3,223 | -71.0% |
| Taxes, remuneration and social security | 45 | €623 | €0 | -€623 | -100% |
| Taxes | 450/3 | €623 | €0 | -€623 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,290 | €11,171 | +€1,880 | +20.2% |
| Remuneration, social security and pensions | 62 | €123 | €0 | -€123 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,171 | = | 0.0% |
| Other operating charges | 640/8 | €565 | €943 | +€379 | +67.1% |
| Gross operating margin | 9900 | -€25,635 | -€8,629 | +€17,006 | +66.3% |
| Operating profit (loss) | 9901 | -€27,493 | -€10,743 | +€16,750 | +60.9% |
| Financial income | 75/76B | €26 | €0 | -€26 | -100% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -100% |
| Financial charges | 65/66B | €2,580 | €112 | -€2,468 | -95.7% |
| Recurring financial charges | 65 | €2,580 | €112 | -€2,468 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,047 | -€10,855 | +€19,192 | +63.9% |
| Income taxes | 67/77 | €173 | €0 | -€173 | -100% |
| Profit (loss) for the period | 9904 | -€30,220 | -€10,855 | +€19,365 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,220 | -€10,855 | +€19,365 | +64.1% |
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 14 October 2026 via checked.be.