PROJELAN: what changed
Two fiscal 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.
PROJELAN
Largest movements
- Tangible fixed assets -€14,418
down €14,418 (-11.1%), from €130,185 to €115,768
- Other debts -€12,000
down €12,000 (-9.3%), from €129,113 to €117,113
- Gross operating margin +€1,936
up €1,936 (+13.4%), from €14,469 to €16,404
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.
Cash bridge derived
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 | €153,468 | €140,750 | -€12,718 | -8.3% |
| Fixed assets | 21/28 | €130,185 | €115,768 | -€14,418 | -11.1% |
| Tangible fixed assets | 22/27 | €130,185 | €115,768 | -€14,418 | -11.1% |
| Land and buildings | 22 | €130,185 | €115,768 | -€14,418 | -11.1% |
| Current assets | 29/58 | €23,282 | €24,982 | +€1,700 | +7.3% |
| Cash at bank and in hand | 54/58 | €23,085 | €24,307 | +€1,222 | +5.3% |
| Deferred charges and accrued income | 490/1 | €197 | €675 | +€478 | +241.8% |
| Total equity and liabilities | 10/49 | €153,468 | €140,750 | -€12,718 | -8.3% |
| Equity | 10/15 | €24,355 | €23,571 | -€784 | -3.2% |
| Contributions | 10/11 | €20,615 | €20,615 | = | 0.0% |
| Reserves | 13 | €3,457 | €3,457 | = | 0.0% |
| Distributable reserves | 133 | €3,457 | €3,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283 | -€500 | -€784 | |
| Amounts payable | 17/49 | €129,113 | €117,179 | -€11,934 | -9.2% |
| Amounts payable within one year | 42/48 | €129,113 | €117,113 | -€12,000 | -9.3% |
| Other amounts payable | 47/48 | €129,113 | €117,113 | -€12,000 | -9.3% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,418 | €14,418 | = | 0.0% |
| Other operating charges | 640/8 | €2,529 | €2,620 | +€91 | +3.6% |
| Gross operating margin | 9900 | €14,469 | €16,404 | +€1,936 | +13.4% |
| Operating profit (loss) | 9901 | -€2,478 | -€634 | +€1,845 | +74.4% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,613 | -€784 | +€1,830 | +70.0% |
| Profit (loss) for the period | 9904 | -€2,613 | -€784 | +€1,830 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,613 | -€784 | +€1,830 | +70.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.