PROJETIS: 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.
PROJETIS
Largest movements
- Receivables within one year -€1,512
down €1,512 (-27.6%), from €5,482 to €3,971
of which Trade receivables: -€933
- Deferred charges and accrued income +€1,408
new in 2025: €1,408
- Tangible fixed assets +€1,197
up €1,197 (+62.5%), from €1,917 to €3,114
of which Assets under construction and advance payments: +€1,584
- Profit (loss) carried forward +€2,887
up €2,887, from -€327 to €2,561
- Tax, wage and social debts -€795
down €795 (-43.5%), from €1,828 to €1,033
- Other debts -€676
down €676 (-28.9%), from €2,342 to €1,666
- Trade debts -€252
down €252 (-65.1%), from €387 to €135
- Gross operating margin -€4,292
down €4,292 (-40.0%), from €10,720 to €6,428
- Taxes +€1,029
new in 2025: €1,029
- Depreciation +€368
up €368 (+1966.5%), from €19 to €387
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 | €14,230 | €15,395 | +€1,164 | +8.2% |
| Fixed assets | 21/28 | €1,917 | €3,114 | +€1,197 | +62.5% |
| Tangible fixed assets | 22/27 | €1,917 | €3,114 | +€1,197 | +62.5% |
| Furniture and vehicles | 24 | €1,917 | €1,530 | -€387 | -20.2% |
| Assets under construction and advance payments | 27 | - | €1,584 | +€1,584 | |
| Current assets | 29/58 | €12,314 | €12,281 | -€33 | -0.3% |
| Amounts receivable within one year | 40/41 | €5,482 | €3,971 | -€1,512 | -27.6% |
| Trade receivables | 40 | €4,840 | €3,907 | -€933 | -19.3% |
| Other amounts receivable | 41 | €642 | €63 | -€579 | -90.1% |
| Cash at bank and in hand | 54/58 | €6,831 | €6,903 | +€71 | +1.0% |
| Deferred charges and accrued income | 490/1 | - | €1,408 | +€1,408 | |
| Total equity and liabilities | 10/49 | €14,230 | €15,395 | +€1,164 | +8.2% |
| Equity | 10/15 | €9,673 | €12,561 | +€2,887 | +29.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327 | €2,561 | +€2,887 | |
| Amounts payable | 17/49 | €4,557 | €2,834 | -€1,723 | -37.8% |
| Amounts payable within one year | 42/48 | €4,557 | €2,834 | -€1,723 | -37.8% |
| Trade debts | 44 | €387 | €135 | -€252 | -65.1% |
| Suppliers | 440/4 | €387 | €135 | -€252 | -65.1% |
| Taxes, remuneration and social security | 45 | €1,828 | €1,033 | -€795 | -43.5% |
| Taxes | 450/3 | €1,828 | €1,033 | -€795 | -43.5% |
| Other amounts payable | 47/48 | €2,342 | €1,666 | -€676 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19 | €387 | +€368 | +1966.5% |
| Other operating charges | 640/8 | €387 | €408 | +€21 | +5.4% |
| Gross operating margin | 9900 | €10,720 | €6,428 | -€4,292 | -40.0% |
| Operating profit (loss) | 9901 | €10,314 | €5,633 | -€4,681 | -45.4% |
| Financial charges | 65/66B | €56 | €51 | -€5 | -9.1% |
| Recurring financial charges | 65 | €56 | €51 | -€5 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €10,259 | €5,582 | -€4,676 | -45.6% |
| Income taxes | 67/77 | - | €1,029 | +€1,029 | |
| Profit (loss) for the period | 9904 | €10,259 | €4,553 | -€5,705 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,259 | €4,553 | -€5,705 | -55.6% |
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.