Projet et Objet: 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 et Objet
Largest movements
- Cash +€34,032
up €34,032 (+153.3%), from €22,198 to €56,230
mainly Net result for the year (+€55,264) and Tax, wage and social debts (+€14,201)
- Receivables within one year +€19,618
up €19,618 (+162.2%), from €12,096 to €31,714
of which Other amounts receivable: +€17,622
- Tangible fixed assets +€1,533
new in 2025: €1,533
of which Furniture and vehicles: +€1,058
- Profit (loss) carried forward +€35,264
up €35,264 (+1252.5%), from €2,815 to €38,079
- Tax, wage and social debts +€14,201
up €14,201 (+95.2%), from €14,920 to €29,121
of which Taxes: +€15,272
- Other debts +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Turnover +€132,241
new in 2025: €132,241
- Gross operating margin +€94,754
up €94,754 (+393.5%), from €24,081 to €118,835
- Staff costs +€48,131
new in 2025: €48,131
- Purchases and services +€13,406
new in 2025: €13,406
- Taxes +€8,500
up €8,500 (+141.0%), from €6,030 to €14,529
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 | €35,236 | €90,536 | +€55,300 | +156.9% |
| Formation expenses | 20 | €942 | €706 | -€235 | -25.0% |
| Fixed assets | 21/28 | - | €1,533 | +€1,533 | |
| Tangible fixed assets | 22/27 | - | €1,533 | +€1,533 | |
| Plant, machinery and equipment | 23 | - | €475 | +€475 | |
| Furniture and vehicles | 24 | - | €1,058 | +€1,058 | |
| Current assets | 29/58 | €34,294 | €88,296 | +€54,002 | +157.5% |
| Amounts receivable within one year | 40/41 | €12,096 | €31,714 | +€19,618 | +162.2% |
| Trade receivables | 40 | €11,725 | €13,721 | +€1,997 | +17.0% |
| Other amounts receivable | 41 | €371 | €17,993 | +€17,622 | +4752.4% |
| Cash at bank and in hand | 54/58 | €22,198 | €56,230 | +€34,032 | +153.3% |
| Deferred charges and accrued income | 490/1 | - | €353 | +€353 | |
| Total equity and liabilities | 10/49 | €35,236 | €90,536 | +€55,300 | +156.9% |
| Equity | 10/15 | €5,315 | €40,579 | +€35,264 | +663.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,815 | €38,079 | +€35,264 | +1252.5% |
| Amounts payable | 17/49 | €29,920 | €49,956 | +€20,036 | +67.0% |
| Amounts payable within one year | 42/48 | €29,920 | €49,956 | +€20,036 | +67.0% |
| Trade debts | 44 | - | €835 | +€835 | |
| Suppliers | 440/4 | - | €835 | +€835 | |
| Taxes, remuneration and social security | 45 | €14,920 | €29,121 | +€14,201 | +95.2% |
| Taxes | 450/3 | €13,849 | €29,121 | +€15,272 | +110.3% |
| Remuneration and social security | 454/9 | €1,071 | €0 | -€1,071 | -100.0% |
| Other amounts payable | 47/48 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Turnover | 70 | - | €132,241 | +€132,241 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €13,406 | +€13,406 | |
| Remuneration, social security and pensions | 62 | - | €48,131 | +€48,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €826 | +€590 | +250.8% |
| Other operating charges | 640/8 | - | €80 | +€80 | |
| Gross operating margin | 9900 | €24,081 | €118,835 | +€94,754 | +393.5% |
| Operating profit (loss) | 9901 | €23,845 | €69,799 | +€45,953 | +192.7% |
| Financial charges | 65/66B | - | €5 | +€5 | |
| Recurring financial charges | 65 | - | €5 | +€5 | |
| Profit (loss) for the period before taxes | 9903 | €23,845 | €69,794 | +€45,948 | +192.7% |
| Income taxes | 67/77 | €6,030 | €14,529 | +€8,500 | +141.0% |
| Profit (loss) for the period | 9904 | €17,815 | €55,264 | +€37,449 | +210.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,815 | €55,264 | +€37,449 | +210.2% |
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 11 October 2026 via checked.be.