PROJETCOBAT: 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.
PROJETCOBAT
Largest movements
- Receivables within one year +€48,120
up €48,120 (+82.9%), from €58,059 to €106,179
of which Trade receivables: +€80,013
- Cash -€36,045
down €36,045 (-80.9%), from €44,529 to €8,484
mainly Investment in fixed assets (net) (-€77,215) and Receivables within one year (-€48,120)
- Tangible fixed assets +€13,354
up €13,354 (+9.0%), from €149,091 to €162,445
of which Furniture and vehicles: +€51,857
- Deferred charges and accrued income -€9,946
down €9,946 (-67.1%), from €14,815 to €4,869
- Profit (loss) carried forward -€47,441
down €47,441 (-49.6%), from €95,731 to €48,291
- Advances received +€32,799
new in 2024: €32,799
- Trade debts +€21,189
up €21,189 (+54.0%), from €39,226 to €60,415
- Tax, wage and social debts -€17,928
down €17,928 (-56.8%), from €31,548 to €13,620
- Debts after one year +€12,282
up €12,282 (+14.1%), from €86,973 to €99,256
- Gross operating margin -€77,405
down €77,405 (-26.4%), from €293,501 to €216,096
- Staff costs +€24,137
up €24,137 (+14.2%), from €169,705 to €193,843
- Depreciation +€15,091
up €15,091 (+31.0%), from €48,632 to €63,723
- Taxes -€13,293
down €13,293, from €13,263 to -€30
- Financial charges -€9,443
down €9,443 (-67.9%), from €13,911 to €4,468
of which Non-recurring financial charges: -€10,502
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.
Derived cash bridge
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 | €302,011 | €316,698 | +€14,687 | +4.9% |
| Fixed assets | 21/28 | €149,091 | €162,582 | +€13,491 | +9.0% |
| Tangible fixed assets | 22/27 | €149,091 | €162,445 | +€13,354 | +9.0% |
| Plant, machinery and equipment | 23 | €116,990 | €78,487 | -€38,503 | -32.9% |
| Furniture and vehicles | 24 | €32,101 | €83,958 | +€51,857 | +162% |
| Financial fixed assets | 28 | - | €137 | +€137 | |
| Current assets | 29/58 | €152,920 | €154,116 | +€1,196 | +0.8% |
| Stocks and contracts in progress | 3 | €35,517 | €34,584 | -€933 | -2.6% |
| Stocks | 30/36 | €35,517 | €34,584 | -€933 | -2.6% |
| Amounts receivable within one year | 40/41 | €58,059 | €106,179 | +€48,120 | +82.9% |
| Trade receivables | 40 | €12,740 | €92,753 | +€80,013 | +628% |
| Other amounts receivable | 41 | €45,319 | €13,427 | -€31,893 | -70.4% |
| Cash at bank and in hand | 54/58 | €44,529 | €8,484 | -€36,045 | -80.9% |
| Deferred charges and accrued income | 490/1 | €14,815 | €4,869 | -€9,946 | -67.1% |
| Total equity and liabilities | 10/49 | €302,011 | €316,698 | +€14,687 | +4.9% |
| Equity | 10/15 | €115,731 | €68,291 | -€47,441 | -41.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,731 | €48,291 | -€47,441 | -49.6% |
| Amounts payable | 17/49 | €186,280 | €248,407 | +€62,128 | +33.4% |
| Amounts payable after more than one year | 17 | €86,973 | €99,256 | +€12,282 | +14.1% |
| Financial debts | 170/4 | €86,973 | €99,256 | +€12,282 | +14.1% |
| Amounts payable within one year | 42/48 | €99,306 | €149,152 | +€49,846 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | €28,043 | €39,065 | +€11,022 | +39.3% |
| Trade debts | 44 | €39,226 | €60,415 | +€21,189 | +54.0% |
| Suppliers | 440/4 | €39,226 | €60,415 | +€21,189 | +54.0% |
| Advances received on contracts in progress | 46 | - | €32,799 | +€32,799 | |
| Taxes, remuneration and social security | 45 | €31,548 | €13,620 | -€17,928 | -56.8% |
| Taxes | 450/3 | €31,548 | €13,620 | -€17,928 | -56.8% |
| Other amounts payable | 47/48 | €488 | €3,252 | +€2,764 | +566% |
| Remuneration, social security and pensions | 62 | €169,705 | €193,843 | +€24,137 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,632 | €63,723 | +€15,091 | +31.0% |
| Other operating charges | 640/8 | €1,127 | €2,470 | +€1,343 | +119% |
| Gross operating margin | 9900 | €293,501 | €216,096 | -€77,405 | -26.4% |
| Operating profit (loss) | 9901 | €74,036 | -€43,940 | -€117,977 | |
| Financial income | 75/76B | €1,109 | €938 | -€171 | -15.4% |
| Recurring financial income | 75 | €1,109 | €938 | -€171 | -15.4% |
| Financial charges | 65/66B | €13,911 | €4,468 | -€9,443 | -67.9% |
| Recurring financial charges | 65 | €3,409 | €4,468 | +€1,059 | +31.1% |
| Non-recurring financial charges | 66B | €10,502 | - | -€10,502 | |
| Profit (loss) for the period before taxes | 9903 | €61,234 | -€47,470 | -€108,705 | |
| Income taxes | 67/77 | €13,263 | -€30 | -€13,293 | |
| Profit (loss) for the period | 9904 | €47,971 | -€47,441 | -€95,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,971 | -€47,441 | -€95,412 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.