PROJEKT-B: 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.
PROJEKT-B
Largest movements
- Receivables within one year -€4,999
down €4,999 (-16.7%), from €29,847 to €24,848
of which Trade receivables: -€12,586
- Cash +€2,691
up €2,691 (+27.3%), from €9,861 to €12,552
mainly Receivables within one year (+€4,999) and Short-term financial debts (+€3,500)
- Tangible fixed assets -€1,833
down €1,833 (-52.3%), from €3,506 to €1,673
of which Furniture and vehicles: -€1,515
- Profit (loss) carried forward -€7,366
new in 2025: -€7,366
- Short-term financial debts +€3,500
new in 2025: €3,500
- Accrued charges and deferred income -€1,085
no longer reported in 2025 (was €1,085)
- Trade debts +€810
up €810 (+73.0%), from €1,110 to €1,920
- Gross operating margin -€48,032
down €48,032, from €44,803 to -€3,229
- Taxes -€7,709
down €7,709 (-90.6%), from €8,507 to €798
- Other operating charges -€2,246
down €2,246 (-59.5%), from €3,775 to €1,530
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 | €43,365 | €39,247 | -€4,118 | -9.5% |
| Fixed assets | 21/28 | €3,506 | €1,673 | -€1,833 | -52.3% |
| Tangible fixed assets | 22/27 | €3,506 | €1,673 | -€1,833 | -52.3% |
| Plant, machinery and equipment | 23 | €319 | - | -€319 | |
| Furniture and vehicles | 24 | €3,188 | €1,673 | -€1,515 | -47.5% |
| Current assets | 29/58 | €39,859 | €37,574 | -€2,284 | -5.7% |
| Amounts receivable within one year | 40/41 | €29,847 | €24,848 | -€4,999 | -16.7% |
| Trade receivables | 40 | €12,586 | - | -€12,586 | |
| Other amounts receivable | 41 | €17,261 | €24,848 | +€7,587 | +44.0% |
| Cash at bank and in hand | 54/58 | €9,861 | €12,552 | +€2,691 | +27.3% |
| Deferred charges and accrued income | 490/1 | €151 | €174 | +€23 | +15.5% |
| Total equity and liabilities | 10/49 | €43,365 | €39,247 | -€4,118 | -9.5% |
| Equity | 10/15 | €32,663 | €25,298 | -€7,366 | -22.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,163 | €30,163 | = | 0.0% |
| Distributable reserves | 133 | €30,163 | €30,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,366 | -€7,366 | |
| Amounts payable | 17/49 | €10,701 | €13,949 | +€3,248 | +30.4% |
| Amounts payable within one year | 42/48 | €9,616 | €13,949 | +€4,333 | +45.1% |
| Financial debts | 43 | - | €3,500 | +€3,500 | |
| Credit institutions | 430/8 | - | €3,500 | +€3,500 | |
| Trade debts | 44 | €1,110 | €1,920 | +€810 | +73.0% |
| Suppliers | 440/4 | €1,110 | €1,920 | +€810 | +73.0% |
| Taxes, remuneration and social security | 45 | €8,507 | €8,530 | +€23 | +0.3% |
| Taxes | 450/3 | €8,507 | €8,530 | +€23 | +0.3% |
| Accrued charges and deferred income | 492/3 | €1,085 | - | -€1,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,994 | €1,833 | -€160 | -8.0% |
| Other operating charges | 640/8 | €3,775 | €1,530 | -€2,246 | -59.5% |
| Gross operating margin | 9900 | €44,803 | -€3,229 | -€48,032 | |
| Operating profit (loss) | 9901 | €39,034 | -€6,592 | -€45,626 | |
| Financial income | 75/76B | €831 | €980 | +€149 | +17.9% |
| Recurring financial income | 75 | €831 | €980 | +€149 | +17.9% |
| Financial charges | 65/66B | €1,195 | €956 | -€240 | -20.0% |
| Recurring financial charges | 65 | €1,195 | €956 | -€240 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €38,670 | -€6,568 | -€45,238 | |
| Income taxes | 67/77 | €8,507 | €798 | -€7,709 | -90.6% |
| Profit (loss) for the period | 9904 | €30,163 | -€7,366 | -€37,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,163 | -€7,366 | -€37,529 |
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 19 October 2026 via checked.be.