PROJETXION: 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.
PROJETXION
Largest movements
- Cash +€15,200
up €15,200 (+39.2%), from €38,789 to €53,989
mainly Net result for the year (+€27,942) and Deferred charges and accrued income (+€1,465)
- Receivables within one year +€11,591
up €11,591 (+890.0%), from €1,302 to €12,893
of which Trade receivables: +€7,359
- Deferred charges and accrued income -€1,465
down €1,465 (-22.6%), from €6,489 to €5,024
- Profit (loss) carried forward +€27,942
up €27,942 (+197.3%), from €14,165 to €42,107
- Trade debts -€4,756
down €4,756 (-34.6%), from €13,741 to €8,985
- Tax, wage and social debts +€1,133
up €1,133 (+7.2%), from €15,783 to €16,917
- Accrued charges and deferred income +€1,023
up €1,023 (+102.3%), from €1,000 to €2,023
- Gross operating margin +€18,013
up €18,013 (+82.5%), from €21,845 to €39,858
- Taxes +€3,566
up €3,566 (+88.0%), from €4,054 to €7,620
- Financial charges +€654
up €654 (+24.1%), from €2,715 to €3,369
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 | €47,706 | €73,031 | +€25,326 | +53.1% |
| Fixed assets | 21/28 | €1,125 | €1,125 | = | 0.0% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €46,581 | €71,906 | +€25,326 | +54.4% |
| Amounts receivable within one year | 40/41 | €1,302 | €12,893 | +€11,591 | +890.0% |
| Trade receivables | 40 | €1,302 | €8,661 | +€7,359 | +565.1% |
| Other amounts receivable | 41 | - | €4,231 | +€4,231 | |
| Cash at bank and in hand | 54/58 | €38,789 | €53,989 | +€15,200 | +39.2% |
| Deferred charges and accrued income | 490/1 | €6,489 | €5,024 | -€1,465 | -22.6% |
| Total equity and liabilities | 10/49 | €47,706 | €73,031 | +€25,326 | +53.1% |
| Equity | 10/15 | €17,165 | €45,107 | +€27,942 | +162.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,165 | €42,107 | +€27,942 | +197.3% |
| Amounts payable | 17/49 | €30,540 | €27,924 | -€2,616 | -8.6% |
| Amounts payable within one year | 42/48 | €29,540 | €25,902 | -€3,639 | -12.3% |
| Trade debts | 44 | €13,741 | €8,985 | -€4,756 | -34.6% |
| Suppliers | 440/4 | €13,741 | €8,985 | -€4,756 | -34.6% |
| Taxes, remuneration and social security | 45 | €15,783 | €16,917 | +€1,133 | +7.2% |
| Taxes | 450/3 | €15,783 | €16,917 | +€1,133 | +7.2% |
| Other amounts payable | 47/48 | €16 | €0 | -€16 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,023 | +€1,023 | +102.3% |
| Other operating charges | 640/8 | €934 | €1,190 | +€256 | +27.4% |
| Gross operating margin | 9900 | €21,845 | €39,858 | +€18,013 | +82.5% |
| Operating profit (loss) | 9901 | €20,912 | €38,669 | +€17,757 | +84.9% |
| Financial income | 75/76B | €22 | €262 | +€240 | +1073.5% |
| Recurring financial income | 75 | €22 | €262 | +€240 | +1073.5% |
| Financial charges | 65/66B | €2,715 | €3,369 | +€654 | +24.1% |
| Recurring financial charges | 65 | €2,715 | €3,369 | +€654 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €18,219 | €35,562 | +€17,343 | +95.2% |
| Income taxes | 67/77 | €4,054 | €7,620 | +€3,566 | +88.0% |
| Profit (loss) for the period | 9904 | €14,165 | €27,942 | +€13,777 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,165 | €27,942 | +€13,777 | +97.3% |
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 8 October 2026 via checked.be.