PROJEKT & DESIGN: 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 & DESIGN
Largest movements
- Tangible fixed assets -€493,679
down €493,679 (-93.0%), from €530,861 to €37,182
of which Land and buildings: -€479,539
- Receivables within one year +€85,332
up €85,332 (+108%), from €79,216 to €164,549
of which Other amounts receivable: +€135,478
- Deferred charges and accrued income +€25,628
up €25,628 (+109%), from €23,565 to €49,193
- Revaluation surpluses -€375,972
no longer reported in 2025 (was €375,972)
- Profit (loss) carried forward +€340,569
up €340,569 (+60.7%), from -€561,350 to -€220,781
- Short-term financial debts -€225,000
down €225,000 (-64.3%), from €350,000 to €125,000
- Other debts -€49,699
down €49,699 (-60.5%), from €82,119 to €32,420
- Tax, wage and social debts -€45,942
down €45,942 (-46.3%), from €99,175 to €53,232
of which Taxes: -€47,988
- Staff costs -€211,414
down €211,414 (-34.1%), from €619,473 to €408,058
- Gross operating margin +€136,782
up €136,782 (+19.9%), from €686,984 to €823,766
- Depreciation -€53,940
down €53,940 (-79.2%), from €68,080 to €14,140
- Financial charges -€22,395
down €22,395 (-31.7%), from €70,599 to €48,204
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 | €769,822 | €386,345 | -€383,476 | -49.8% |
| Fixed assets | 21/28 | €530,996 | €37,317 | -€493,679 | -93.0% |
| Tangible fixed assets | 22/27 | €530,861 | €37,182 | -€493,679 | -93.0% |
| Land and buildings | 22 | €479,539 | - | -€479,539 | |
| Plant, machinery and equipment | 23 | €39,826 | €30,955 | -€8,871 | -22.3% |
| Furniture and vehicles | 24 | €11,496 | €6,227 | -€5,269 | -45.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €238,826 | €349,028 | +€110,202 | +46.1% |
| Stocks and contracts in progress | 3 | €125,050 | €121,550 | -€3,500 | -2.8% |
| Stocks | 30/36 | €125,050 | €121,550 | -€3,500 | -2.8% |
| Amounts receivable within one year | 40/41 | €79,216 | €164,549 | +€85,332 | +108% |
| Trade receivables | 40 | €79,081 | €28,936 | -€50,146 | -63.4% |
| Other amounts receivable | 41 | €135 | €135,613 | +€135,478 | +100,354% |
| Cash at bank and in hand | 54/58 | €10,994 | €13,737 | +€2,742 | +24.9% |
| Deferred charges and accrued income | 490/1 | €23,565 | €49,193 | +€25,628 | +109% |
| Total equity and liabilities | 10/49 | €769,822 | €386,345 | -€383,476 | -49.8% |
| Equity | 10/15 | €38,740 | €3,337 | -€35,403 | -91.4% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Revaluation surpluses | 12 | €375,972 | - | -€375,972 | |
| Reserves | 13 | €158,118 | €158,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,016 | €2,016 | = | 0.0% |
| Legal reserve | 130 | €2,016 | €2,016 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,548 | €24,548 | = | 0.0% |
| Distributable reserves | 133 | €131,555 | €131,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€561,350 | -€220,781 | +€340,569 | +60.7% |
| Amounts payable | 17/49 | €731,082 | €383,008 | -€348,073 | -47.6% |
| Amounts payable after more than one year | 17 | €5,061 | €35,459 | +€30,398 | +601% |
| Financial debts | 170/4 | €5,061 | €35,459 | +€30,398 | +601% |
| Amounts payable within one year | 42/48 | €702,965 | €344,655 | -€358,310 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €24,415 | €9,310 | -€15,105 | -61.9% |
| Financial debts | 43 | €350,000 | €125,000 | -€225,000 | -64.3% |
| Credit institutions | 430/8 | €350,000 | €125,000 | -€225,000 | -64.3% |
| Trade debts | 44 | €147,257 | €124,693 | -€22,564 | -15.3% |
| Suppliers | 440/4 | €147,257 | €124,693 | -€22,564 | -15.3% |
| Taxes, remuneration and social security | 45 | €99,175 | €53,232 | -€45,942 | -46.3% |
| Taxes | 450/3 | €58,408 | €10,419 | -€47,988 | -82.2% |
| Remuneration and social security | 454/9 | €40,767 | €42,813 | +€2,046 | +5.0% |
| Other amounts payable | 47/48 | €82,119 | €32,420 | -€49,699 | -60.5% |
| Accrued charges and deferred income | 492/3 | €23,055 | €2,894 | -€20,161 | -87.4% |
| Non-recurring operating income | 76A | €1,488 | €584,064 | +€582,577 | +39,162% |
| Remuneration, social security and pensions | 62 | €619,473 | €408,058 | -€211,414 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,080 | €14,140 | -€53,940 | -79.2% |
| Other operating charges | 640/8 | €15,152 | €15,347 | +€195 | +1.3% |
| Gross operating margin | 9900 | €686,984 | €823,766 | +€136,782 | +19.9% |
| Operating profit (loss) | 9901 | -€15,721 | €386,220 | +€401,941 | |
| Financial income | 75/76B | €1,232 | €2,809 | +€1,576 | +128% |
| Recurring financial income | 75 | €1,232 | €2,809 | +€1,576 | +128% |
| Financial charges | 65/66B | €70,599 | €48,204 | -€22,395 | -31.7% |
| Recurring financial charges | 65 | €70,599 | €48,204 | -€22,395 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,088 | €340,825 | +€425,913 | |
| Income taxes | 67/77 | €542 | €256 | -€286 | -52.8% |
| Profit (loss) for the period | 9904 | -€85,630 | €340,569 | +€426,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,630 | €340,569 | +€426,199 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.