PROJEKTO: 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.
PROJEKTO
Largest movements
- Cash -€26,644
down €26,644 (-42.2%), from €63,101 to €36,456
mainly Contributions, distributions and other (-€62,519) and Receivables within one year (-€5,293)
- Receivables within one year +€5,293
up €5,293 (+43.7%), from €12,102 to €17,395
of which Other amounts receivable: +€3,023
- Tangible fixed assets -€3,410
down €3,410 (-6.4%), from €53,289 to €49,879
of which Land and buildings: -€3,410
- Profit (loss) carried forward -€30,421
down €30,421 (-100%), from €30,421 to €0
- Other debts +€23,405
up €23,405 (+1,193%), from €1,962 to €25,367
- Reserves -€19,245
down €19,245 (-23.9%), from €80,512 to €61,267
- Tax, wage and social debts +€3,721
up €3,721 (+143%), from €2,595 to €6,316
- Gross operating margin -€29,880
down €29,880 (-57.6%), from €51,907 to €22,027
- Taxes -€10,603
down €10,603 (-66.5%), from €15,947 to €5,344
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,505 | €112,080 | -€23,425 | -17.3% |
| Fixed assets | 21/28 | €58,639 | €55,229 | -€3,410 | -5.8% |
| Tangible fixed assets | 22/27 | €53,289 | €49,879 | -€3,410 | -6.4% |
| Land and buildings | 22 | €53,289 | €49,879 | -€3,410 | -6.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €5,350 | €5,350 | = | 0.0% |
| Current assets | 29/58 | €76,866 | €56,851 | -€20,015 | -26.0% |
| Amounts receivable within one year | 40/41 | €12,102 | €17,395 | +€5,293 | +43.7% |
| Trade receivables | 40 | €11,695 | €13,965 | +€2,270 | +19.4% |
| Other amounts receivable | 41 | €407 | €3,430 | +€3,023 | +743% |
| Cash at bank and in hand | 54/58 | €63,101 | €36,456 | -€26,644 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,664 | €3,000 | +€1,336 | +80.3% |
| Total equity and liabilities | 10/49 | €135,505 | €112,080 | -€23,425 | -17.3% |
| Equity | 10/15 | €129,533 | €79,867 | -€49,666 | -38.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,512 | €61,267 | -€19,245 | -23.9% |
| Distributable reserves | 133 | €80,512 | €61,267 | -€19,245 | -23.9% |
| Profit (loss) carried forward | 14 | €30,421 | €0 | -€30,421 | -100% |
| Amounts payable | 17/49 | €5,973 | €32,214 | +€26,241 | +439% |
| Amounts payable within one year | 42/48 | €5,973 | €32,214 | +€26,241 | +439% |
| Trade debts | 44 | €1,415 | €530 | -€885 | -62.5% |
| Suppliers | 440/4 | €1,415 | €530 | -€885 | -62.5% |
| Taxes, remuneration and social security | 45 | €2,595 | €6,316 | +€3,721 | +143% |
| Taxes | 450/3 | €2,595 | €6,316 | +€3,721 | +143% |
| Other amounts payable | 47/48 | €1,962 | €25,367 | +€23,405 | +1,193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,429 | €3,410 | -€19 | -0.5% |
| Other operating charges | 640/8 | €817 | €878 | +€61 | +7.5% |
| Gross operating margin | 9900 | €51,907 | €22,027 | -€29,880 | -57.6% |
| Operating profit (loss) | 9901 | €47,661 | €17,739 | -€29,922 | -62.8% |
| Financial income | 75/76B | €5 | €498 | +€493 | +9,997% |
| Recurring financial income | 75 | €5 | €498 | +€493 | +9,997% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.3% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €47,623 | €18,197 | -€29,426 | -61.8% |
| Income taxes | 67/77 | €15,947 | €5,344 | -€10,603 | -66.5% |
| Profit (loss) for the period | 9904 | €31,676 | €12,853 | -€18,823 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,676 | €12,853 | -€18,823 | -59.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.