Projekt-Team: 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-Team
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year -€92,493
down €92,493 (-74.2%), from €124,578 to €32,084
of which Trade receivables: -€101,343
- Cash +€73,238
up €73,238 (+75.6%), from €96,845 to €170,083
mainly Current investments (+€100,000) and Receivables within one year (+€92,493)
- Tangible fixed assets +€26,905
up €26,905 (+22.7%), from €118,617 to €145,522
of which Furniture and vehicles: +€31,029
- Financial fixed assets +€6,860
up €6,860 (+13,720%), from €50 to €6,910
- Reserves -€32,890
down €32,890 (-19.6%), from €167,729 to €134,839
of which Distributable reserves: -€32,890
- Profit (loss) carried forward -€23,408
down €23,408, from €0 to -€23,408
- Other debts -€22,959
down €22,959 (-29.7%), from €77,235 to €54,276
- Gross operating margin -€77,633
down €77,633 (-55.8%), from €139,068 to €61,435
- Financial charges -€17,162
down €17,162 (-97.3%), from €17,633 to €472
- Other operating charges +€10,832
up €10,832 (+90.1%), from €12,016 to €22,848
- Depreciation +€9,142
up €9,142 (+47.4%), from €19,283 to €28,425
- Taxes -€9,022
down €9,022 (-98.5%), from €9,163 to €142
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 | €443,940 | €359,263 | -€84,677 | -19.1% |
| Fixed assets | 21/28 | €118,667 | €152,432 | +€33,765 | +28.5% |
| Tangible fixed assets | 22/27 | €118,617 | €145,522 | +€26,905 | +22.7% |
| Land and buildings | 22 | €82,288 | €78,164 | -€4,124 | -5.0% |
| Furniture and vehicles | 24 | €36,328 | €67,358 | +€31,029 | +85.4% |
| Financial fixed assets | 28 | €50 | €6,910 | +€6,860 | +13,720% |
| Current assets | 29/58 | €325,273 | €206,831 | -€118,442 | -36.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €124,578 | €32,084 | -€92,493 | -74.2% |
| Trade receivables | 40 | €117,390 | €16,047 | -€101,343 | -86.3% |
| Other amounts receivable | 41 | €7,188 | €16,037 | +€8,850 | +123% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €96,845 | €170,083 | +€73,238 | +75.6% |
| Deferred charges and accrued income | 490/1 | €3,850 | €4,663 | +€813 | +21.1% |
| Total equity and liabilities | 10/49 | €443,940 | €359,263 | -€84,677 | -19.1% |
| Equity | 10/15 | €186,329 | €130,032 | -€56,298 | -30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,729 | €134,839 | -€32,890 | -19.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €165,869 | €132,979 | -€32,890 | -19.8% |
| Profit (loss) carried forward | 14 | €0 | -€23,408 | -€23,408 | |
| Amounts payable | 17/49 | €257,611 | €229,231 | -€28,379 | -11.0% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €107,611 | €79,231 | -€28,379 | -26.4% |
| Trade debts | 44 | €5,308 | €1,362 | -€3,946 | -74.3% |
| Suppliers | 440/4 | €5,308 | €1,362 | -€3,946 | -74.3% |
| Taxes, remuneration and social security | 45 | €25,068 | €23,593 | -€1,474 | -5.9% |
| Taxes | 450/3 | €15,648 | €15,832 | +€184 | +1.2% |
| Remuneration and social security | 454/9 | €9,420 | €7,762 | -€1,658 | -17.6% |
| Other amounts payable | 47/48 | €77,235 | €54,276 | -€22,959 | -29.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €69,590 | €69,800 | +€210 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,283 | €28,425 | +€9,142 | +47.4% |
| Other operating charges | 640/8 | €12,016 | €22,848 | +€10,832 | +90.1% |
| Gross operating margin | 9900 | €139,068 | €61,435 | -€77,633 | -55.8% |
| Operating profit (loss) | 9901 | €38,179 | -€59,639 | -€97,818 | |
| Financial income | 75/76B | €4,503 | €3,954 | -€549 | -12.2% |
| Recurring financial income | 75 | €4,503 | €3,954 | -€549 | -12.2% |
| Financial charges | 65/66B | €17,633 | €472 | -€17,162 | -97.3% |
| Recurring financial charges | 65 | €17,633 | €472 | -€17,162 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €25,048 | -€56,156 | -€81,204 | |
| Income taxes | 67/77 | €9,163 | €142 | -€9,022 | -98.5% |
| Profit (loss) for the period | 9904 | €15,885 | -€56,298 | -€72,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,885 | -€56,298 | -€72,182 |
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 28 October 2026 via checked.be.