PROJECTYMA: 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.
PROJECTYMA
Largest movements
- Tangible fixed assets -€37,792
down €37,792 (-8.7%), from €434,965 to €397,174
of which Furniture and vehicles: -€23,878
- Cash +€17,530
up €17,530 (+30.5%), from €57,565 to €75,096
mainly Net result for the year (+€58,645) and Depreciation (+€23,518)
- Receivables within one year -€9,045
down €9,045 (-32.8%), from €27,551 to €18,506
of which Other amounts receivable: -€13,828
- Other debts -€26,772
down €26,772 (-40.1%), from €66,772 to €40,000
- Debts after one year -€20,005
down €20,005 (-17.2%), from €116,433 to €96,428
- Reserves +€18,645
up €18,645 (+6.5%), from €288,572 to €307,217
- Gross operating margin +€20,117
up €20,117 (+20.6%), from €97,880 to €117,997
- Depreciation -€8,186
down €8,186 (-25.8%), from €31,704 to €23,518
- Taxes +€6,173
up €6,173 (+37.1%), from €16,644 to €22,817
- Other operating charges +€4,790
up €4,790 (+163.0%), from €2,939 to €7,729
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 | €524,237 | €490,776 | -€33,461 | -6.4% |
| Fixed assets | 21/28 | €434,965 | €397,174 | -€37,792 | -8.7% |
| Tangible fixed assets | 22/27 | €434,965 | €397,174 | -€37,792 | -8.7% |
| Land and buildings | 22 | €405,093 | €391,780 | -€13,313 | -3.3% |
| Plant, machinery and equipment | 23 | €601 | €0 | -€601 | -100.0% |
| Furniture and vehicles | 24 | €29,271 | €5,394 | -€23,878 | -81.6% |
| Current assets | 29/58 | €89,272 | €93,602 | +€4,330 | +4.9% |
| Amounts receivable within one year | 40/41 | €27,551 | €18,506 | -€9,045 | -32.8% |
| Trade receivables | 40 | €13,050 | €17,833 | +€4,783 | +36.7% |
| Other amounts receivable | 41 | €14,501 | €673 | -€13,828 | -95.4% |
| Cash at bank and in hand | 54/58 | €57,565 | €75,096 | +€17,530 | +30.5% |
| Deferred charges and accrued income | 490/1 | €4,155 | €0 | -€4,155 | -100.0% |
| Total equity and liabilities | 10/49 | €524,237 | €490,776 | -€33,461 | -6.4% |
| Equity | 10/15 | €307,281 | €325,926 | +€18,645 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €288,572 | €307,217 | +€18,645 | +6.5% |
| Distributable reserves | 133 | €288,572 | €307,217 | +€18,645 | +6.5% |
| Profit (loss) carried forward | 14 | €109 | €109 | = | 0.0% |
| Amounts payable | 17/49 | €216,956 | €164,850 | -€52,106 | -24.0% |
| Amounts payable after more than one year | 17 | €116,433 | €96,428 | -€20,005 | -17.2% |
| Financial debts | 170/4 | €116,433 | €96,428 | -€20,005 | -17.2% |
| Amounts payable within one year | 42/48 | €100,523 | €68,422 | -€32,101 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €19,224 | €20,005 | +€781 | +4.1% |
| Trade debts | 44 | €4,283 | €0 | -€4,283 | -100.0% |
| Suppliers | 440/4 | €4,283 | €0 | -€4,283 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,244 | €8,417 | -€1,827 | -17.8% |
| Taxes | 450/3 | €10,244 | €8,417 | -€1,827 | -17.8% |
| Other amounts payable | 47/48 | €66,772 | €40,000 | -€26,772 | -40.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,704 | €23,518 | -€8,186 | -25.8% |
| Other operating charges | 640/8 | €2,939 | €7,729 | +€4,790 | +163.0% |
| Gross operating margin | 9900 | €97,880 | €117,997 | +€20,117 | +20.6% |
| Operating profit (loss) | 9901 | €63,237 | €86,750 | +€23,513 | +37.2% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €5,971 | €5,288 | -€683 | -11.4% |
| Recurring financial charges | 65 | €5,971 | €5,288 | -€683 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €57,274 | €81,462 | +€24,188 | +42.2% |
| Income taxes | 67/77 | €16,644 | €22,817 | +€6,173 | +37.1% |
| Profit (loss) for the period | 9904 | €40,630 | €58,645 | +€18,015 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,630 | €58,645 | +€18,015 | +44.3% |
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 6 October 2026 via checked.be.