PROJEST: 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.
PROJEST
Largest movements
- Receivables within one year +€42,230
up €42,230 (+15.8%), from €267,122 to €309,352
of which Other amounts receivable: +€87,055
- Tangible fixed assets -€23,669
down €23,669 (-27.5%), from €86,187 to €62,518
of which Furniture and vehicles: -€21,324
- Cash +€8,120
up €8,120 (+648.6%), from €1,252 to €9,372
mainly Other debts (+€352,940) and Depreciation (+€22,350)
- Other debts +€352,940
up €352,940 (+9.3%), from €3.8m to €4.2m
- Profit (loss) carried forward -€176,416
down €176,416 (-4.8%), from -€3.7m to -€3.9m
- Trade debts -€138,249
no longer reported in 2024 (was €138,249)
- Tax, wage and social debts -€11,595
down €11,595 (-39.5%), from €29,322 to €17,728
of which Remuneration and social security: -€9,250
- Gross operating margin +€185,601
up €185,601 (+71.5%), from -€259,751 to -€74,150
- Financial income +€133,100
up €133,100 (+29577677.8%), from €0 to €133,100
of which Non-recurring financial income: +€133,100
- Staff costs +€29,429
up €29,429 (+16.9%), from €173,763 to €203,192
- Other operating charges -€3,276
down €3,276 (-46.8%), from €6,994 to €3,718
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,561 | €381,242 | +€26,681 | +7.5% |
| Fixed assets | 21/28 | €86,187 | €62,518 | -€23,669 | -27.5% |
| Tangible fixed assets | 22/27 | €86,187 | €62,518 | -€23,669 | -27.5% |
| Plant, machinery and equipment | 23 | €22,379 | €20,034 | -€2,345 | -10.5% |
| Furniture and vehicles | 24 | €63,808 | €42,484 | -€21,324 | -33.4% |
| Current assets | 29/58 | €268,374 | €318,724 | +€50,350 | +18.8% |
| Amounts receivable within one year | 40/41 | €267,122 | €309,352 | +€42,230 | +15.8% |
| Trade receivables | 40 | €76,238 | €31,413 | -€44,825 | -58.8% |
| Other amounts receivable | 41 | €190,884 | €277,939 | +€87,055 | +45.6% |
| Cash at bank and in hand | 54/58 | €1,252 | €9,372 | +€8,120 | +648.6% |
| Total equity and liabilities | 10/49 | €354,561 | €381,242 | +€26,681 | +7.5% |
| Equity | 10/15 | -€3,614,590 | -€3,791,006 | -€176,416 | -4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,676,590 | -€3,853,006 | -€176,416 | -4.8% |
| Amounts payable | 17/49 | €3,969,151 | €4,172,247 | +€203,097 | +5.1% |
| Amounts payable within one year | 42/48 | €3,969,151 | €4,172,247 | +€203,097 | +5.1% |
| Trade debts | 44 | €138,249 | - | -€138,249 | |
| Suppliers | 440/4 | €138,249 | - | -€138,249 | |
| Taxes, remuneration and social security | 45 | €29,322 | €17,728 | -€11,595 | -39.5% |
| Taxes | 450/3 | €2,345 | - | -€2,345 | |
| Remuneration and social security | 454/9 | €26,978 | €17,728 | -€9,250 | -34.3% |
| Other amounts payable | 47/48 | €3,801,579 | €4,154,520 | +€352,940 | +9.3% |
| Remuneration, social security and pensions | 62 | €173,763 | €203,192 | +€29,429 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,546 | €22,350 | +€804 | +3.7% |
| Other operating charges | 640/8 | €6,994 | €3,718 | -€3,276 | -46.8% |
| Gross operating margin | 9900 | -€259,751 | -€74,150 | +€185,601 | +71.5% |
| Operating profit (loss) | 9901 | -€462,054 | -€303,410 | +€158,645 | +34.3% |
| Financial income | 75/76B | €0 | €133,100 | +€133,100 | +29577677.8% |
| Recurring financial income | 75 | €0 | €133,100 | +€133,100 | +29577677.8% |
| Non-recurring financial income | 76B | - | €133,100 | +€133,100 | |
| Financial charges | 65/66B | €3,051 | €5,353 | +€2,302 | +75.5% |
| Recurring financial charges | 65 | €3,051 | €1,341 | -€1,709 | -56.0% |
| Non-recurring financial charges | 66B | - | €4,012 | +€4,012 | |
| Profit (loss) for the period before taxes | 9903 | -€465,105 | -€175,663 | +€289,442 | +62.2% |
| Income taxes | 67/77 | €1,174 | €753 | -€421 | -35.9% |
| Profit (loss) for the period | 9904 | -€466,279 | -€176,416 | +€289,863 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€466,279 | -€176,416 | +€289,863 | +62.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.