Projekt 2: 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.
Projekt 2
Largest movements
- Receivables within one year -€56,250
down €56,250 (-100.0%), from €56,250 to €0
- Cash +€32,466
up €32,466 (+114.3%), from €28,403 to €60,869
mainly Debts after one year (+€87,500) and Receivables within one year (+€56,250)
- Stocks and contracts +€6,284
up €6,284 (+3.0%), from €208,895 to €215,180
- Short-term financial debts -€112,500
down €112,500 (-100.0%), from €112,500 to €0
- Debts after one year +€87,500
up €87,500 (+171.6%), from €51,000 to €138,500
- Trade debts +€12,295
up €12,295 (+17.4%), from €70,577 to €82,872
- Profit (loss) carried forward -€8,011
down €8,011, from €0 to -€8,011
- Gross operating margin -€19,891
down €19,891 (-75.6%), from €26,308 to €6,417
- Financial income +€3,230
up €3,230, from €0 to €3,230
- Financial charges -€2,553
down €2,553 (-13.7%), from €18,616 to €16,063
- Other operating charges -€386
down €386 (-42.6%), from €906 to €520
- Depreciation +€381
up €381 (+54.8%), from €695 to €1,076
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 | €299,350 | €278,274 | -€21,075 | -7.0% |
| Fixed assets | 21/28 | €3,301 | €2,226 | -€1,076 | -32.6% |
| Tangible fixed assets | 22/27 | €3,301 | €2,226 | -€1,076 | -32.6% |
| Plant, machinery and equipment | 23 | €2,231 | €1,442 | -€788 | -35.3% |
| Furniture and vehicles | 24 | €1,071 | €783 | -€287 | -26.8% |
| Current assets | 29/58 | €296,048 | €276,049 | -€20,000 | -6.8% |
| Stocks and contracts in progress | 3 | €208,895 | €215,180 | +€6,284 | +3.0% |
| Stocks | 30/36 | €208,895 | €215,180 | +€6,284 | +3.0% |
| Amounts receivable within one year | 40/41 | €56,250 | €0 | -€56,250 | -100.0% |
| Other amounts receivable | 41 | €56,250 | €0 | -€56,250 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,403 | €60,869 | +€32,466 | +114.3% |
| Deferred charges and accrued income | 490/1 | €2,500 | €0 | -€2,500 | -100.0% |
| Total equity and liabilities | 10/49 | €299,350 | €278,274 | -€21,075 | -7.0% |
| Equity | 10/15 | €59,703 | €51,693 | -€8,011 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,103 | €41,103 | = | 0.0% |
| Distributable reserves | 133 | €41,103 | €41,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€8,011 | -€8,011 | |
| Amounts payable | 17/49 | €239,647 | €226,582 | -€13,065 | -5.5% |
| Amounts payable after more than one year | 17 | €51,000 | €138,500 | +€87,500 | +171.6% |
| Financial debts | 170/4 | €51,000 | €138,500 | +€87,500 | +171.6% |
| Amounts payable within one year | 42/48 | €188,647 | €88,082 | -€100,565 | -53.3% |
| Financial debts | 43 | €112,500 | €0 | -€112,500 | -100.0% |
| Credit institutions | 430/8 | €112,500 | €0 | -€112,500 | -100.0% |
| Trade debts | 44 | €70,577 | €82,872 | +€12,295 | +17.4% |
| Suppliers | 440/4 | €70,577 | €82,872 | +€12,295 | +17.4% |
| Taxes, remuneration and social security | 45 | €359 | €0 | -€359 | -100.0% |
| Taxes | 450/3 | €359 | €0 | -€359 | -100.0% |
| Other amounts payable | 47/48 | €5,210 | €5,210 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €695 | €1,076 | +€381 | +54.8% |
| Other operating charges | 640/8 | €906 | €520 | -€386 | -42.6% |
| Gross operating margin | 9900 | €26,308 | €6,417 | -€19,891 | -75.6% |
| Operating profit (loss) | 9901 | €24,708 | €4,822 | -€19,886 | -80.5% |
| Financial income | 75/76B | €0 | €3,230 | +€3,230 | |
| Recurring financial income | 75 | €0 | €3,230 | +€3,230 | |
| Financial charges | 65/66B | €18,616 | €16,063 | -€2,553 | -13.7% |
| Recurring financial charges | 65 | €18,616 | €16,063 | -€2,553 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €6,092 | -€8,011 | -€14,102 | |
| Income taxes | 67/77 | €359 | €0 | -€359 | -100.0% |
| Profit (loss) for the period | 9904 | €5,732 | -€8,011 | -€13,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,732 | -€8,011 | -€13,743 |
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.