Projetec: what changed
Two fiscal 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.
Projetec
Largest movements
- Receivables within one year +€104,834
up €104,834 (+52.4%), from €200,255 to €305,089
of which Trade receivables: +€76,566
- Stocks and contracts +€66,088
up €66,088 (+241.1%), from €27,416 to €93,504
of which Stocks: +€39,406
- Cash -€30,845
down €30,845 (-28.0%), from €110,287 to €79,442
mainly Receivables within one year (-€104,834) and Stocks and contracts (-€66,088)
- Trade debts +€74,453
up €74,453 (+139.4%), from €53,428 to €127,881
- Reserves +€50,903
up €50,903 (+27.9%), from €182,215 to €233,118
- Short-term financial debts +€30,804
up €30,804 (+245.0%), from €12,573 to €43,376
- Debts after one year -€17,774
down €17,774 (-31.0%), from €57,306 to €39,532
- Staff costs +€31,110
up €31,110 (+35.3%), from €88,125 to €119,235
- Gross operating margin -€21,291
down €21,291 (-9.5%), from €224,442 to €203,151
- Taxes -€12,106
down €12,106 (-37.4%), from €32,361 to €20,256
- Financial charges -€5,882
down €5,882 (-50.1%), from €11,732 to €5,851
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 | €398,070 | €537,043 | +€138,973 | +34.9% |
| Fixed assets | 21/28 | €34,811 | €32,751 | -€2,060 | -5.9% |
| Tangible fixed assets | 22/27 | €33,461 | €31,401 | -€2,060 | -6.2% |
| Plant, machinery and equipment | 23 | €11,408 | €11,091 | -€317 | -2.8% |
| Furniture and vehicles | 24 | €4,912 | €3,526 | -€1,385 | -28.2% |
| Other tangible fixed assets | 26 | €17,141 | €16,784 | -€357 | -2.1% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €363,259 | €504,292 | +€141,033 | +38.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €27,416 | €93,504 | +€66,088 | +241.1% |
| Stocks | 30/36 | €27,416 | €66,822 | +€39,406 | +143.7% |
| Contracts in progress | 37 | €0 | €26,682 | +€26,682 | |
| Amounts receivable within one year | 40/41 | €200,255 | €305,089 | +€104,834 | +52.4% |
| Trade receivables | 40 | €180,450 | €257,016 | +€76,566 | +42.4% |
| Other amounts receivable | 41 | €19,805 | €48,073 | +€28,268 | +142.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €110,287 | €79,442 | -€30,845 | -28.0% |
| Deferred charges and accrued income | 490/1 | €5,301 | €6,257 | +€956 | +18.0% |
| Total equity and liabilities | 10/49 | €398,070 | €537,043 | +€138,973 | +34.9% |
| Equity | 10/15 | €202,675 | €253,578 | +€50,903 | +25.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €182,215 | €233,118 | +€50,903 | +27.9% |
| Distributable reserves | 133 | €182,215 | €233,118 | +€50,903 | +27.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €195,395 | €283,465 | +€88,070 | +45.1% |
| Amounts payable after more than one year | 17 | €57,306 | €39,532 | -€17,774 | -31.0% |
| Financial debts | 170/4 | €57,306 | €39,532 | -€17,774 | -31.0% |
| Amounts payable within one year | 42/48 | €137,824 | €243,668 | +€105,844 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €17,038 | €17,774 | +€736 | +4.3% |
| Financial debts | 43 | €12,573 | €43,376 | +€30,804 | +245.0% |
| Credit institutions | 430/8 | €12,573 | €43,376 | +€30,804 | +245.0% |
| Trade debts | 44 | €53,428 | €127,881 | +€74,453 | +139.4% |
| Suppliers | 440/4 | €53,428 | €127,881 | +€74,453 | +139.4% |
| Taxes, remuneration and social security | 45 | €54,786 | €54,637 | -€149 | -0.3% |
| Taxes | 450/3 | €42,197 | €42,707 | +€510 | +1.2% |
| Remuneration and social security | 454/9 | €12,589 | €11,930 | -€659 | -5.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €265 | €265 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €1,990 | +€1,990 | |
| Remuneration, social security and pensions | 62 | €88,125 | €119,235 | +€31,110 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,179 | €8,648 | +€469 | +5.7% |
| Other operating charges | 640/8 | €2,769 | €1,648 | -€1,121 | -40.5% |
| Non-recurring operating charges | 66A | €2,563 | €0 | -€2,563 | -100.0% |
| Gross operating margin | 9900 | €224,442 | €203,151 | -€21,291 | -9.5% |
| Operating profit (loss) | 9901 | €122,807 | €73,620 | -€49,187 | -40.1% |
| Financial income | 75/76B | €1,325 | €3,389 | +€2,064 | +155.8% |
| Recurring financial income | 75 | €1,325 | €3,389 | +€2,064 | +155.8% |
| Financial charges | 65/66B | €11,732 | €5,851 | -€5,882 | -50.1% |
| Recurring financial charges | 65 | €11,732 | €5,851 | -€5,882 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €112,399 | €71,159 | -€41,241 | -36.7% |
| Income taxes | 67/77 | €32,361 | €20,256 | -€12,106 | -37.4% |
| Profit (loss) for the period | 9904 | €80,038 | €50,903 | -€29,135 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,038 | €50,903 | -€29,135 | -36.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.