PROJETO: 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.
PROJETO
Largest movements
- Receivables within one year +€14,864
up €14,864 (+109.7%), from €13,551 to €28,415
- Tangible fixed assets +€3,015
up €3,015 (+7.6%), from €39,618 to €42,634
of which Furniture and vehicles: +€8,529
- Cash +€1,412
up €1,412 (+2.1%), from €66,385 to €67,798
mainly Other debts (+€27,399) and Net result for the year (+€14,263)
- Other debts +€27,399
up €27,399 (+50524.1%), from €54 to €27,453
- Reserves -€11,737
down €11,737 (-14.9%), from €78,860 to €67,123
of which Distributable reserves: -€11,737
- Tax, wage and social debts +€3,382
up €3,382 (+47.8%), from €7,075 to €10,457
- Gross operating margin +€6,887
up €6,887 (+26.1%), from €26,372 to €33,259
- Taxes +€6,044
up €6,044 (+1391.6%), from €434 to €6,478
- Depreciation +€2,405
up €2,405 (+29.9%), from €8,039 to €10,444
- Other operating charges +€536
up €536 (+40.8%), from €1,314 to €1,851
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 | €120,468 | €140,047 | +€19,580 | +16.3% |
| Fixed assets | 21/28 | €39,874 | €42,890 | +€3,015 | +7.6% |
| Tangible fixed assets | 22/27 | €39,618 | €42,634 | +€3,015 | +7.6% |
| Furniture and vehicles | 24 | €3,077 | €11,606 | +€8,529 | +277.1% |
| Other tangible fixed assets | 26 | €36,541 | €31,028 | -€5,513 | -15.1% |
| Financial fixed assets | 28 | €256 | €256 | = | 0.0% |
| Current assets | 29/58 | €80,593 | €97,157 | +€16,564 | +20.6% |
| Amounts receivable within one year | 40/41 | €13,551 | €28,415 | +€14,864 | +109.7% |
| Trade receivables | 40 | €13,551 | €28,415 | +€14,864 | +109.7% |
| Cash at bank and in hand | 54/58 | €66,385 | €67,798 | +€1,412 | +2.1% |
| Deferred charges and accrued income | 490/1 | €657 | €945 | +€288 | +43.8% |
| Total equity and liabilities | 10/49 | €120,468 | €140,047 | +€19,580 | +16.3% |
| Equity | 10/15 | €112,364 | €100,627 | -€11,737 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,860 | €67,123 | -€11,737 | -14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €65,263 | -€11,737 | -15.2% |
| Profit (loss) carried forward | 14 | €27,304 | €27,304 | = | 0.0% |
| Amounts payable | 17/49 | €8,103 | €39,420 | +€31,317 | +386.5% |
| Amounts payable within one year | 42/48 | €8,103 | €39,420 | +€31,317 | +386.5% |
| Trade debts | 44 | €974 | €1,509 | +€536 | +55.0% |
| Suppliers | 440/4 | €974 | €1,509 | +€536 | +55.0% |
| Taxes, remuneration and social security | 45 | €7,075 | €10,457 | +€3,382 | +47.8% |
| Taxes | 450/3 | €7,075 | €10,457 | +€3,382 | +47.8% |
| Other amounts payable | 47/48 | €54 | €27,453 | +€27,399 | +50524.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,039 | €10,444 | +€2,405 | +29.9% |
| Other operating charges | 640/8 | €1,314 | €1,851 | +€536 | +40.8% |
| Gross operating margin | 9900 | €26,372 | €33,259 | +€6,887 | +26.1% |
| Operating profit (loss) | 9901 | €17,018 | €20,964 | +€3,946 | +23.2% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €215 | €223 | +€8 | +3.7% |
| Recurring financial charges | 65 | €215 | €223 | +€8 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €16,808 | €20,740 | +€3,932 | +23.4% |
| Income taxes | 67/77 | €434 | €6,478 | +€6,044 | +1391.6% |
| Profit (loss) for the period | 9904 | €16,374 | €14,263 | -€2,112 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,374 | €14,263 | -€2,112 | -12.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.