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
- Tangible fixed assets +€49,715
up €49,715 (+7,068%), from €703 to €50,418
of which Land and buildings: +€50,227
- Cash -€10,236
down €10,236 (-77.9%), from €13,144 to €2,909
mainly Investment in fixed assets (net) (-€53,155) and Receivables within one year (-€8,924)
- Receivables within one year +€8,924
up €8,924 (+3.9%), from €229,751 to €238,675
of which Trade receivables: +€10,000
- Reserves +€26,297
up €26,297 (+14.0%), from €188,260 to €214,557
- Other debts +€13,928
up €13,928 (+42.4%), from €32,849 to €46,778
- Tax, wage and social debts +€8,850
up €8,850 (+466%), from €1,900 to €10,750
of which Taxes: +€8,850
- Gross operating margin +€40,963
up €40,963 (+1,065%), from €3,845 to €44,808
- Taxes +€5,094
up €5,094 (+547%), from €932 to €6,025
- Financial charges +€2,787
up €2,787 (+1,872%), from €149 to €2,936
- Depreciation +€2,696
up €2,696 (+363%), from €743 to €3,439
- Financial income -€2,097
down €2,097 (-100.0%), from €2,097 to €0
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 | €243,650 | €292,314 | +€48,664 | +20.0% |
| Fixed assets | 21/28 | €754 | €50,469 | +€49,715 | +6,590% |
| Tangible fixed assets | 22/27 | €703 | €50,418 | +€49,715 | +7,068% |
| Land and buildings | 22 | - | €50,227 | +€50,227 | |
| Plant, machinery and equipment | 23 | €703 | €191 | -€512 | -72.8% |
| Financial fixed assets | 28 | €51 | €51 | = | 0.0% |
| Current assets | 29/58 | €242,895 | €241,845 | -€1,051 | -0.4% |
| Amounts receivable within one year | 40/41 | €229,751 | €238,675 | +€8,924 | +3.9% |
| Trade receivables | 40 | €220,000 | €230,000 | +€10,000 | +4.5% |
| Other amounts receivable | 41 | €9,751 | €8,675 | -€1,076 | -11.0% |
| Cash at bank and in hand | 54/58 | €13,144 | €2,909 | -€10,236 | -77.9% |
| Deferred charges and accrued income | 490/1 | - | €261 | +€261 | |
| Total equity and liabilities | 10/49 | €243,650 | €292,314 | +€48,664 | +20.0% |
| Equity | 10/15 | €206,860 | €233,157 | +€26,297 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,260 | €214,557 | +€26,297 | +14.0% |
| Distributable reserves | 133 | €188,260 | €214,557 | +€26,297 | +14.0% |
| Amounts payable | 17/49 | €36,790 | €59,157 | +€22,367 | +60.8% |
| Amounts payable within one year | 42/48 | €36,790 | €59,157 | +€22,367 | +60.8% |
| Trade debts | 44 | €2,040 | €1,629 | -€412 | -20.2% |
| Suppliers | 440/4 | €2,040 | €1,629 | -€412 | -20.2% |
| Taxes, remuneration and social security | 45 | €1,900 | €10,750 | +€8,850 | +466% |
| Taxes | 450/3 | €0 | €8,850 | +€8,850 | |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €32,849 | €46,778 | +€13,928 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €3,439 | +€2,696 | +363% |
| Other operating charges | 640/8 | €5,957 | €6,111 | +€154 | +2.6% |
| Gross operating margin | 9900 | €3,845 | €44,808 | +€40,963 | +1,065% |
| Operating profit (loss) | 9901 | -€2,855 | €35,258 | +€38,113 | |
| Financial income | 75/76B | €2,097 | €0 | -€2,097 | -100.0% |
| Recurring financial income | 75 | €2,097 | €0 | -€2,097 | -100.0% |
| Financial charges | 65/66B | €149 | €2,936 | +€2,787 | +1,872% |
| Recurring financial charges | 65 | €149 | €2,936 | +€2,787 | +1,872% |
| Profit (loss) for the period before taxes | 9903 | -€906 | €32,322 | +€33,229 | |
| Income taxes | 67/77 | €932 | €6,025 | +€5,094 | +547% |
| Profit (loss) for the period | 9904 | -€1,838 | €26,297 | +€28,135 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,838 | €26,297 | +€28,135 |
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 24 October 2026 via checked.be.