PROJET-SENS: 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-SENS
Largest movements
- Receivables within one year -€27,623
down €27,623 (-51.6%), from €53,523 to €25,900
of which Other amounts receivable: -€14,518
- Stocks and contracts -€15,589
no longer reported in 2025 (was €15,589)
- Tangible fixed assets -€14,803
down €14,803 (-6.4%), from €230,212 to €215,409
of which Land and buildings: -€12,795
- Debts after one year -€20,559
down €20,559 (-9.3%), from €221,043 to €200,484
- Profit (loss) carried forward -€20,311
down €20,311 (-21.7%), from -€93,492 to -€113,803
- Trade debts -€9,255
down €9,255 (-20.3%), from €45,609 to €36,354
- Tax, wage and social debts -€9,141
down €9,141 (-51.7%), from €17,675 to €8,535
of which Remuneration and social security: -€4,765
- Gross operating margin -€39,669
down €39,669 (-54.4%), from €72,922 to €33,254
- Staff costs -€24,139
down €24,139 (-49.0%), from €49,221 to €25,082
- Depreciation -€5,733
down €5,733 (-29.4%), from €19,494 to €13,761
- Financial charges -€4,892
down €4,892 (-28.7%), from €17,055 to €12,163
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 | €304,715 | €242,980 | -€61,735 | -20.3% |
| Fixed assets | 21/28 | €230,575 | €215,772 | -€14,803 | -6.4% |
| Tangible fixed assets | 22/27 | €230,212 | €215,409 | -€14,803 | -6.4% |
| Land and buildings | 22 | €227,903 | €215,108 | -€12,795 | -5.6% |
| Plant, machinery and equipment | 23 | €1,647 | €19 | -€1,628 | -98.8% |
| Furniture and vehicles | 24 | €663 | €282 | -€381 | -57.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €74,140 | €27,209 | -€46,931 | -63.3% |
| Stocks and contracts in progress | 3 | €15,589 | - | -€15,589 | |
| Stocks | 30/36 | €15,589 | - | -€15,589 | |
| Amounts receivable within one year | 40/41 | €53,523 | €25,900 | -€27,623 | -51.6% |
| Trade receivables | 40 | €18,322 | €5,217 | -€13,105 | -71.5% |
| Other amounts receivable | 41 | €35,201 | €20,683 | -€14,518 | -41.2% |
| Cash at bank and in hand | 54/58 | €4,282 | €1,268 | -€3,014 | -70.4% |
| Deferred charges and accrued income | 490/1 | €746 | €40 | -€705 | -94.6% |
| Total equity and liabilities | 10/49 | €304,715 | €242,980 | -€61,735 | -20.3% |
| Equity | 10/15 | -€54,209 | -€74,521 | -€20,311 | -37.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,082 | €33,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €182 | €182 | = | 0.0% |
| Reserves not available under the articles | 1311 | €182 | €182 | = | 0.0% |
| Distributable reserves | 133 | €32,900 | €32,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,492 | -€113,803 | -€20,311 | -21.7% |
| Amounts payable | 17/49 | €358,924 | €317,501 | -€41,423 | -11.5% |
| Amounts payable after more than one year | 17 | €221,043 | €200,484 | -€20,559 | -9.3% |
| Financial debts | 170/4 | €221,043 | €200,484 | -€20,559 | -9.3% |
| Amounts payable within one year | 42/48 | €136,207 | €115,448 | -€20,760 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €22,923 | €20,559 | -€2,364 | -10.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €45,609 | €36,354 | -€9,255 | -20.3% |
| Suppliers | 440/4 | €45,609 | €36,354 | -€9,255 | -20.3% |
| Taxes, remuneration and social security | 45 | €17,675 | €8,535 | -€9,141 | -51.7% |
| Taxes | 450/3 | €11,006 | €6,630 | -€4,376 | -39.8% |
| Remuneration and social security | 454/9 | €6,670 | €1,905 | -€4,765 | -71.4% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,569 | -€104 | -6.2% |
| Remuneration, social security and pensions | 62 | €49,221 | €25,082 | -€24,139 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,494 | €13,761 | -€5,733 | -29.4% |
| Other operating charges | 640/8 | €2,105 | €2,593 | +€488 | +23.2% |
| Gross operating margin | 9900 | €72,922 | €33,254 | -€39,669 | -54.4% |
| Operating profit (loss) | 9901 | €2,102 | -€8,183 | -€10,285 | |
| Financial income | 75/76B | €885 | €703 | -€182 | -20.5% |
| Recurring financial income | 75 | €885 | €703 | -€182 | -20.5% |
| Financial charges | 65/66B | €17,055 | €12,163 | -€4,892 | -28.7% |
| Recurring financial charges | 65 | €17,055 | €12,163 | -€4,892 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,068 | -€19,642 | -€5,575 | -39.6% |
| Income taxes | 67/77 | €525 | €669 | +€144 | +27.4% |
| Profit (loss) for the period | 9904 | -€14,593 | -€20,311 | -€5,719 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,593 | -€20,311 | -€5,719 | -39.2% |
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 23 October 2026 via checked.be.