ProjetD3: 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.
ProjetD3
Largest movements
- Cash +€101,044
up €101,044 (+306.8%), from €32,931 to €133,975
mainly Other debts (+€110,399) and Net result for the year (+€91,742)
- Receivables within one year -€11,621
down €11,621 (-42.6%), from €27,273 to €15,652
of which Trade receivables: -€13,275
- Tangible fixed assets +€1,656
up €1,656 (+109.0%), from €1,520 to €3,176
- Other debts +€110,399
up €110,399 (+9763.5%), from €1,131 to €111,530
- Profit (loss) carried forward -€38,258
down €38,258 (-79.5%), from €48,136 to €9,877
- Tax, wage and social debts +€19,444
up €19,444 (+227.3%), from €8,554 to €27,998
- Gross operating margin +€61,734
up €61,734 (+96.6%), from €63,876 to €125,610
- Taxes +€16,554
up €16,554 (+110.9%), from €14,933 to €31,487
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 | €63,192 | €154,844 | +€91,653 | +145.0% |
| Fixed assets | 21/28 | €1,520 | €3,176 | +€1,656 | +109.0% |
| Tangible fixed assets | 22/27 | €1,520 | €3,176 | +€1,656 | +109.0% |
| Plant, machinery and equipment | 23 | €1,520 | €3,176 | +€1,656 | +109.0% |
| Current assets | 29/58 | €61,672 | €151,668 | +€89,996 | +145.9% |
| Stocks and contracts in progress | 3 | €692 | €692 | = | 0.0% |
| Stocks | 30/36 | €692 | €692 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,273 | €15,652 | -€11,621 | -42.6% |
| Trade receivables | 40 | €27,273 | €13,998 | -€13,275 | -48.7% |
| Other amounts receivable | 41 | €0 | €1,654 | +€1,654 | |
| Cash at bank and in hand | 54/58 | €32,931 | €133,975 | +€101,044 | +306.8% |
| Deferred charges and accrued income | 490/1 | €776 | €1,350 | +€574 | +73.9% |
| Total equity and liabilities | 10/49 | €63,192 | €154,844 | +€91,653 | +145.0% |
| Equity | 10/15 | €53,136 | €14,877 | -€38,258 | -72.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,136 | €9,877 | -€38,258 | -79.5% |
| Amounts payable | 17/49 | €10,056 | €139,967 | +€129,911 | +1291.9% |
| Amounts payable within one year | 42/48 | €10,056 | €139,967 | +€129,911 | +1291.9% |
| Trade debts | 44 | €372 | €439 | +€68 | +18.2% |
| Suppliers | 440/4 | €372 | €439 | +€68 | +18.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,554 | €27,998 | +€19,444 | +227.3% |
| Taxes | 450/3 | €8,554 | €27,998 | +€19,444 | +227.3% |
| Other amounts payable | 47/48 | €1,131 | €111,530 | +€110,399 | +9763.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €344 | +€173 | +101.0% |
| Other operating charges | 640/8 | €270 | €194 | -€76 | -28.3% |
| Gross operating margin | 9900 | €63,876 | €125,610 | +€61,734 | +96.6% |
| Operating profit (loss) | 9901 | €63,434 | €125,072 | +€61,638 | +97.2% |
| Financial income | 75/76B | €20 | €508 | +€488 | +2423.3% |
| Recurring financial income | 75 | €20 | €508 | +€488 | +2423.3% |
| Financial charges | 65/66B | €1,459 | €2,351 | +€892 | +61.1% |
| Recurring financial charges | 65 | €1,459 | €2,351 | +€892 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €61,995 | €123,229 | +€61,234 | +98.8% |
| Income taxes | 67/77 | €14,933 | €31,487 | +€16,554 | +110.9% |
| Profit (loss) for the period | 9904 | €47,062 | €91,742 | +€44,680 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,062 | €91,742 | +€44,680 | +94.9% |
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 9 October 2026 via checked.be.