PROJEQT: what changed
PROJEQT
Largest movements
- Receivables within one year +€37,118
up €37,118 (+37.9%), from €97,945 to €135,063
of which Trade receivables: +€63,618
- Cash +€7,959
up €7,959 (+270%), from €2,949 to €10,908
mainly Other debts (+€22,650) and Net result for the year (+€15,411)
- Tangible fixed assets -€2,514
down €2,514 (-38.6%), from €6,518 to €4,004
of which Furniture and vehicles: -€2,246
- Other debts +€22,650
up €22,650, from €0 to €22,650
- Profit (loss) carried forward +€15,411
up €15,411 (+52.0%), from €29,643 to €45,054
- Accrued charges and deferred income +€10,596
new in 2025: €10,596
- Tax, wage and social debts -€3,705
down €3,705 (-30.1%), from €12,295 to €8,589
- Trade debts -€2,298
down €2,298 (-37.2%), from €6,173 to €3,875
- Financial income -€79,156
down €79,156 (-98.3%), from €80,523 to €1,367
- Gross operating margin +€7,754
up €7,754 (+46.3%), from €16,735 to €24,490
- Taxes -€5,699
down €5,699 (-55.3%), from €10,314 to €4,615
- Financial charges -€942
down €942 (-31.5%), from €2,995 to €2,053
- Depreciation -€865
down €865 (-25.6%), from €3,379 to €2,514
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,881 | €176,518 | +€42,636 | +31.8% |
| Fixed assets | 21/28 | €30,623 | €28,109 | -€2,514 | -8.2% |
| Tangible fixed assets | 22/27 | €6,518 | €4,004 | -€2,514 | -38.6% |
| Plant, machinery and equipment | 23 | €154 | €0 | -€154 | -100% |
| Furniture and vehicles | 24 | €5,779 | €3,533 | -€2,246 | -38.9% |
| Other tangible fixed assets | 26 | €585 | €471 | -€114 | -19.5% |
| Financial fixed assets | 28 | €24,105 | €24,105 | = | 0.0% |
| Current assets | 29/58 | €103,258 | €148,409 | +€45,151 | +43.7% |
| Amounts receivable within one year | 40/41 | €97,945 | €135,063 | +€37,118 | +37.9% |
| Trade receivables | 40 | €68,748 | €132,365 | +€63,618 | +92.5% |
| Other amounts receivable | 41 | €29,198 | €2,698 | -€26,500 | -90.8% |
| Cash at bank and in hand | 54/58 | €2,949 | €10,908 | +€7,959 | +270% |
| Deferred charges and accrued income | 490/1 | €2,364 | €2,438 | +€74 | +3.1% |
| Total equity and liabilities | 10/49 | €133,881 | €176,518 | +€42,636 | +31.8% |
| Equity | 10/15 | €115,339 | €130,750 | +€15,411 | +13.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €84,696 | €84,696 | = | 0.0% |
| Distributable reserves | 133 | €84,696 | €84,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,643 | €45,054 | +€15,411 | +52.0% |
| Amounts payable | 17/49 | €18,542 | €45,768 | +€27,226 | +147% |
| Amounts payable within one year | 42/48 | €18,542 | €35,172 | +€16,629 | +89.7% |
| Financial debts | 43 | €75 | €57 | -€18 | -23.7% |
| Credit institutions | 430/8 | €75 | €57 | -€18 | -23.7% |
| Trade debts | 44 | €6,173 | €3,875 | -€2,298 | -37.2% |
| Suppliers | 440/4 | €6,173 | €3,875 | -€2,298 | -37.2% |
| Taxes, remuneration and social security | 45 | €12,295 | €8,589 | -€3,705 | -30.1% |
| Taxes | 450/3 | €12,295 | €8,589 | -€3,705 | -30.1% |
| Other amounts payable | 47/48 | €0 | €22,650 | +€22,650 | |
| Accrued charges and deferred income | 492/3 | - | €10,596 | +€10,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €2,514 | -€865 | -25.6% |
| Other operating charges | 640/8 | €1,934 | €1,264 | -€671 | -34.7% |
| Gross operating margin | 9900 | €16,735 | €24,490 | +€7,754 | +46.3% |
| Operating profit (loss) | 9901 | €11,422 | €20,712 | +€9,290 | +81.3% |
| Financial income | 75/76B | €80,523 | €1,367 | -€79,156 | -98.3% |
| Recurring financial income | 75 | €80,523 | €1,367 | -€79,156 | -98.3% |
| Financial charges | 65/66B | €2,995 | €2,053 | -€942 | -31.5% |
| Recurring financial charges | 65 | €2,995 | €2,053 | -€942 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €88,950 | €20,026 | -€68,924 | -77.5% |
| Income taxes | 67/77 | €10,314 | €4,615 | -€5,699 | -55.3% |
| Profit (loss) for the period | 9904 | €78,637 | €15,411 | -€63,226 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,637 | €15,411 | -€63,226 | -80.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.