ProjetsYZ: 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.
ProjetsYZ
Largest movements
- Financial fixed assets +€682,314
up €682,314 (+803%), from €85,000 to €767,314
- Tangible fixed assets -€415,229
down €415,229 (-11.3%), from €3.7m to €3.3m
of which Land and buildings: -€354,789
- Cash +€163,093
up €163,093 (+66.7%), from €244,694 to €407,788
mainly Net result for the year (+€762,257) and Tax, wage and social debts (+€252,299)
- Reserves +€762,257
up €762,257 (+186%), from €409,172 to €1.2m
of which Distributable reserves: +€762,257
- Debts after one year -€384,004
down €384,004 (-13.2%), from €2.9m to €2.5m
- Tax, wage and social debts +€252,299
up €252,299 (+1,426%), from €17,697 to €269,995
of which Taxes: +€248,910
- Other debts -€79,664
down €79,664 (-20.6%), from €387,308 to €307,644
- Current portion of long-term debt -€64,882
down €64,882 (-15.5%), from €419,927 to €355,045
- Financial income +€1.3m
up €1.3m (+1,671,615%), from €77 to €1.3m
- Gross operating margin -€371,705
down €371,705 (-79.8%), from €465,526 to €93,821
- Taxes +€264,999
up €264,999 (+2,006%), from €13,208 to €278,207
- Financial charges -€34,227
down €34,227 (-60.3%), from €56,772 to €22,545
- Staff costs +€32,972
up €32,972 (+74.5%), from €44,266 to €77,238
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.
Derived cash bridge
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 | €4,454,797 | €4,914,351 | +€459,554 | +10.3% |
| Fixed assets | 21/28 | €3,754,743 | €4,024,318 | +€269,575 | +7.2% |
| Intangible fixed assets | 21 | - | €2,491 | +€2,491 | |
| Tangible fixed assets | 22/27 | €3,669,743 | €3,254,513 | -€415,229 | -11.3% |
| Land and buildings | 22 | €3,298,960 | €2,944,172 | -€354,789 | -10.8% |
| Plant, machinery and equipment | 23 | €344,960 | €295,165 | -€49,795 | -14.4% |
| Furniture and vehicles | 24 | €25,822 | €15,177 | -€10,646 | -41.2% |
| Financial fixed assets | 28 | €85,000 | €767,314 | +€682,314 | +803% |
| Current assets | 29/58 | €700,055 | €890,033 | +€189,978 | +27.1% |
| Amounts receivable within one year | 40/41 | €362,032 | €404,972 | +€42,940 | +11.9% |
| Trade receivables | 40 | €158,747 | €153,233 | -€5,514 | -3.5% |
| Other amounts receivable | 41 | €203,285 | €251,739 | +€48,454 | +23.8% |
| Cash at bank and in hand | 54/58 | €244,694 | €407,788 | +€163,093 | +66.7% |
| Deferred charges and accrued income | 490/1 | €93,328 | €77,274 | -€16,055 | -17.2% |
| Total equity and liabilities | 10/49 | €4,454,797 | €4,914,351 | +€459,554 | +10.3% |
| Equity | 10/15 | €427,772 | €1,190,029 | +€762,257 | +178% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €409,172 | €1,171,429 | +€762,257 | +186% |
| 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 | €407,312 | €1,169,569 | +€762,257 | +187% |
| Amounts payable | 17/49 | €4,027,025 | €3,724,322 | -€302,703 | -7.5% |
| Amounts payable after more than one year | 17 | €2,903,132 | €2,519,128 | -€384,004 | -13.2% |
| Financial debts | 170/4 | €2,903,132 | €2,519,128 | -€384,004 | -13.2% |
| Amounts payable within one year | 42/48 | €1,123,893 | €1,205,194 | +€81,300 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €419,927 | €355,045 | -€64,882 | -15.5% |
| Trade debts | 44 | €298,961 | €272,509 | -€26,452 | -8.8% |
| Suppliers | 440/4 | €298,961 | €272,509 | -€26,452 | -8.8% |
| Taxes, remuneration and social security | 45 | €17,697 | €269,995 | +€252,299 | +1,426% |
| Taxes | 450/3 | €12,464 | €261,374 | +€248,910 | +1,997% |
| Remuneration and social security | 454/9 | €5,233 | €8,622 | +€3,389 | +64.8% |
| Other amounts payable | 47/48 | €387,308 | €307,644 | -€79,664 | -20.6% |
| Remuneration, social security and pensions | 62 | €44,266 | €77,238 | +€32,972 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,210 | €227,983 | -€13,227 | -5.5% |
| Other operating charges | 640/8 | €18,315 | €19,833 | +€1,517 | +8.3% |
| Gross operating margin | 9900 | €465,526 | €93,821 | -€371,705 | -79.8% |
| Operating profit (loss) | 9901 | €161,734 | -€231,233 | -€392,967 | |
| Financial income | 75/76B | €77 | €1,294,242 | +€1.3m | +1,671,615% |
| Recurring financial income | 75 | €77 | €1,294,242 | +€1.3m | +1,671,615% |
| Financial charges | 65/66B | €56,772 | €22,545 | -€34,227 | -60.3% |
| Recurring financial charges | 65 | €56,772 | €22,545 | -€34,227 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €105,040 | €1,040,464 | +€935,424 | +891% |
| Income taxes | 67/77 | €13,208 | €278,207 | +€264,999 | +2,006% |
| Profit (loss) for the period | 9904 | €91,832 | €762,257 | +€670,425 | +730% |
| Profit (loss) for the period to be appropriated | 9905 | €91,832 | €762,257 | +€670,425 | +730% |
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 24 October 2026 via checked.be.