Projet Santé: 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 Santé
Largest movements
- Tangible fixed assets -€13,143
down €13,143 (-12.3%), from €107,014 to €93,871
of which Furniture and vehicles: -€8,036
- Cash +€4,557
up €4,557 (+31.7%), from €14,393 to €18,950
mainly Depreciation (+€16,398) and Net result for the year (+€16,010)
- Other debts -€22,190
down €22,190 (-25.5%), from €86,928 to €64,739
- Reserves +€16,010
new in 2025: €16,010
- Debts after one year -€5,643
down €5,643 (-35.2%), from €16,019 to €10,376
- Tax, wage and social debts +€4,562
up €4,562 (+173%), from €2,643 to €7,205
- Gross operating margin +€6,195
up €6,195 (+17.3%), from €35,762 to €41,957
- Taxes +€4,724
up €4,724 (+256%), from €1,843 to €6,567
- Depreciation +€849
up €849 (+5.5%), from €15,550 to €16,398
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 | €125,661 | €117,658 | -€8,003 | -6.4% |
| Fixed assets | 21/28 | €107,014 | €93,871 | -€13,143 | -12.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €107,014 | €93,871 | -€13,143 | -12.3% |
| Plant, machinery and equipment | 23 | €74,610 | €69,503 | -€5,107 | -6.8% |
| Furniture and vehicles | 24 | €32,405 | €24,369 | -€8,036 | -24.8% |
| Current assets | 29/58 | €18,646 | €23,786 | +€5,140 | +27.6% |
| Amounts receivable within one year | 40/41 | €1,896 | €2,272 | +€376 | +19.8% |
| Trade receivables | 40 | €1,896 | €2,272 | +€376 | +19.8% |
| Cash at bank and in hand | 54/58 | €14,393 | €18,950 | +€4,557 | +31.7% |
| Deferred charges and accrued income | 490/1 | €2,357 | €2,565 | +€207 | +8.8% |
| Total equity and liabilities | 10/49 | €125,661 | €117,658 | -€8,003 | -6.4% |
| Equity | 10/15 | €11,432 | €26,983 | +€15,551 | +136% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €16,010 | +€16,010 | |
| Distributable reserves | 133 | - | €16,010 | +€16,010 | |
| Profit (loss) carried forward | 14 | €9,432 | €8,973 | -€459 | -4.9% |
| Amounts payable | 17/49 | €114,229 | €90,675 | -€23,554 | -20.6% |
| Amounts payable after more than one year | 17 | €16,019 | €10,376 | -€5,643 | -35.2% |
| Financial debts | 170/4 | €16,019 | €10,376 | -€5,643 | -35.2% |
| Amounts payable within one year | 42/48 | €95,845 | €78,484 | -€17,361 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €5,444 | €5,643 | +€199 | +3.6% |
| Trade debts | 44 | €829 | €897 | +€69 | +8.3% |
| Suppliers | 440/4 | €829 | €897 | +€69 | +8.3% |
| Taxes, remuneration and social security | 45 | €2,643 | €7,205 | +€4,562 | +173% |
| Taxes | 450/3 | €2,643 | €7,205 | +€4,562 | +173% |
| Other amounts payable | 47/48 | €86,928 | €64,739 | -€22,190 | -25.5% |
| Accrued charges and deferred income | 492/3 | €2,365 | €1,815 | -€550 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,550 | €16,398 | +€849 | +5.5% |
| Other operating charges | 640/8 | €2,112 | €2,222 | +€110 | +5.2% |
| Gross operating margin | 9900 | €35,762 | €41,957 | +€6,195 | +17.3% |
| Operating profit (loss) | 9901 | €18,100 | €23,337 | +€5,237 | +28.9% |
| Financial income | 75/76B | €102 | €26 | -€76 | -74.1% |
| Recurring financial income | 75 | €102 | €26 | -€76 | -74.1% |
| Financial charges | 65/66B | €956 | €787 | -€170 | -17.7% |
| Recurring financial charges | 65 | €956 | €787 | -€170 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €17,246 | €22,577 | +€5,331 | +30.9% |
| Income taxes | 67/77 | €1,843 | €6,567 | +€4,724 | +256% |
| Profit (loss) for the period | 9904 | €15,403 | €16,010 | +€607 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,403 | €16,010 | +€607 | +3.9% |
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 18 October 2026 via checked.be.