Projectworx: 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.
Projectworx
Largest movements
- Receivables within one year -€25,554
down €25,554 (-62.1%), from €41,140 to €15,586
of which Trade receivables: -€25,713
- Tangible fixed assets +€13,563
up €13,563 (+174%), from €7,788 to €21,351
of which Other tangible fixed assets: +€11,376
- Cash -€13,180
down €13,180 (-18.1%), from €72,656 to €59,476
mainly Contributions, distributions and other (-€181,860) and Investment in fixed assets (net) (-€18,198)
- Reserves -€89,460
down €89,460 (-99.6%), from €89,860 to €400
- Other debts +€64,850
up €64,850 (+8,384%), from €774 to €65,624
- Gross operating margin +€4,370
up €4,370 (+3.6%), from €119,806 to €124,176
- Depreciation -€2,159
down €2,159 (-31.8%), from €6,794 to €4,635
- Taxes +€1,274
up €1,274 (+5.1%), from €24,861 to €26,135
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 | €123,234 | €98,329 | -€24,905 | -20.2% |
| Fixed assets | 21/28 | €7,788 | €21,351 | +€13,563 | +174% |
| Tangible fixed assets | 22/27 | €7,788 | €21,351 | +€13,563 | +174% |
| Plant, machinery and equipment | 23 | - | €2,205 | +€2,205 | |
| Furniture and vehicles | 24 | €7,788 | €7,770 | -€18 | -0.2% |
| Other tangible fixed assets | 26 | - | €11,376 | +€11,376 | |
| Current assets | 29/58 | €115,446 | €76,978 | -€38,468 | -33.3% |
| Amounts receivable within one year | 40/41 | €41,140 | €15,586 | -€25,554 | -62.1% |
| Trade receivables | 40 | €41,140 | €15,428 | -€25,713 | -62.5% |
| Other amounts receivable | 41 | - | €159 | +€159 | |
| Cash at bank and in hand | 54/58 | €72,656 | €59,476 | -€13,180 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,650 | €1,915 | +€265 | +16.1% |
| Total equity and liabilities | 10/49 | €123,234 | €98,329 | -€24,905 | -20.2% |
| Equity | 10/15 | €108,623 | €19,040 | -€89,584 | -82.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,860 | €400 | -€89,460 | -99.6% |
| Distributable reserves | 133 | €89,860 | €400 | -€89,460 | -99.6% |
| Profit (loss) carried forward | 14 | €163 | €40 | -€124 | -75.8% |
| Amounts payable | 17/49 | €14,610 | €79,289 | +€64,679 | +443% |
| Amounts payable within one year | 42/48 | €14,610 | €79,289 | +€64,679 | +443% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,224 | €2,324 | +€99 | +4.5% |
| Suppliers | 440/4 | €2,224 | €2,324 | +€99 | +4.5% |
| Taxes, remuneration and social security | 45 | €11,612 | €11,342 | -€270 | -2.3% |
| Taxes | 450/3 | €11,612 | €11,342 | -€270 | -2.3% |
| Other amounts payable | 47/48 | €774 | €65,624 | +€64,850 | +8,384% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,794 | €4,635 | -€2,159 | -31.8% |
| Other operating charges | 640/8 | €539 | €1,006 | +€466 | +86.5% |
| Gross operating margin | 9900 | €119,806 | €124,176 | +€4,370 | +3.6% |
| Operating profit (loss) | 9901 | €112,473 | €118,536 | +€6,063 | +5.4% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €251 | €124 | -€126 | -50.4% |
| Recurring financial charges | 65 | €251 | €124 | -€126 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €112,222 | €118,411 | +€6,189 | +5.5% |
| Income taxes | 67/77 | €24,861 | €26,135 | +€1,274 | +5.1% |
| Profit (loss) for the period | 9904 | €87,361 | €92,276 | +€4,915 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,361 | €92,276 | +€4,915 | +5.6% |
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 17 October 2026 via checked.be.