PROJET C: 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.
PROJET C
Largest movements
- Intangible fixed assets -€6,271
no longer reported in 2025 (was €6,271)
- Cash -€3,299
down €3,299 (-12.6%), from €26,151 to €22,852
mainly Net result for the year (-€11,096) and Tax, wage and social debts (-€1,190)
- Profit (loss) carried forward -€11,096
down €11,096, from €7,671 to -€3,425
- Other debts +€2,171
up €2,171 (+3.4%), from €64,235 to €66,406
- Financial charges -€4,771
down €4,771 (-99.4%), from €4,800 to €29
- Gross operating margin -€206
down €206 (-4.5%), from -€4,599 to -€4,806
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 | €120,252 | €111,195 | -€9,057 | -7.5% |
| Fixed assets | 21/28 | €6,271 | - | -€6,271 | |
| Intangible fixed assets | 21 | €6,271 | - | -€6,271 | |
| Current assets | 29/58 | €113,981 | €111,195 | -€2,786 | -2.4% |
| Amounts receivable within one year | 40/41 | €87,831 | €88,343 | +€513 | +0.6% |
| Trade receivables | 40 | €87,313 | €87,951 | +€638 | +0.7% |
| Other amounts receivable | 41 | €518 | €393 | -€125 | -24.1% |
| Cash at bank and in hand | 54/58 | €26,151 | €22,852 | -€3,299 | -12.6% |
| Total equity and liabilities | 10/49 | €120,252 | €111,195 | -€9,057 | -7.5% |
| Equity | 10/15 | €53,420 | €42,324 | -€11,096 | -20.8% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Reserves | 13 | €6,749 | €6,749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,900 | €3,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,900 | €3,900 | = | 0.0% |
| Distributable reserves | 133 | €2,849 | €2,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,671 | -€3,425 | -€11,096 | |
| Amounts payable | 17/49 | €66,832 | €68,871 | +€2,039 | +3.1% |
| Amounts payable within one year | 42/48 | €66,832 | €68,871 | +€2,039 | +3.1% |
| Trade debts | 44 | €1,167 | €2,225 | +€1,058 | +90.6% |
| Suppliers | 440/4 | €1,167 | €2,225 | +€1,058 | +90.6% |
| Taxes, remuneration and social security | 45 | €1,430 | €240 | -€1,190 | -83.2% |
| Taxes | 450/3 | €1,430 | €240 | -€1,190 | -83.2% |
| Other amounts payable | 47/48 | €64,235 | €66,406 | +€2,171 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,271 | €6,271 | -€0 | 0.0% |
| Other operating charges | 640/8 | €16 | - | -€16 | |
| Gross operating margin | 9900 | -€4,599 | -€4,806 | -€206 | -4.5% |
| Operating profit (loss) | 9901 | -€10,886 | -€11,077 | -€190 | -1.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €4,800 | €29 | -€4,771 | -99.4% |
| Recurring financial charges | 65 | €4,800 | €29 | -€4,771 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,686 | -€11,096 | +€4,591 | +29.3% |
| Profit (loss) for the period | 9904 | -€15,686 | -€11,096 | +€4,591 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,686 | -€11,096 | +€4,591 | +29.3% |
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 28 October 2026 via checked.be.