PROJEXPERT: 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.
PROJEXPERT
Largest movements
- Cash +€86,259
up €86,259 (+212.4%), from €40,604 to €126,863
mainly Net result for the year (+€98,983) and Other debts (+€49,721)
- Tangible fixed assets -€10,963
down €10,963 (-56.3%), from €19,473 to €8,510
of which Furniture and vehicles: -€10,593
- Receivables within one year +€3,543
up €3,543 (+25.5%), from €13,881 to €17,424
of which Trade receivables: +€3,844
- Other debts +€49,721
up €49,721 (+124.7%), from €39,874 to €89,595
- Reserves +€20,332
up €20,332 (+1093.1%), from €1,860 to €22,192
- Tax, wage and social debts +€7,749
up €7,749 (+56.0%), from €13,844 to €21,592
- Taxes +€2,376
up €2,376 (+8.6%), from €27,780 to €30,155
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 | €75,060 | €153,962 | +€78,902 | +105.1% |
| Fixed assets | 21/28 | €19,473 | €8,510 | -€10,963 | -56.3% |
| Tangible fixed assets | 22/27 | €19,473 | €8,510 | -€10,963 | -56.3% |
| Plant, machinery and equipment | 23 | €493 | €123 | -€370 | -75.0% |
| Furniture and vehicles | 24 | €18,980 | €8,386 | -€10,593 | -55.8% |
| Current assets | 29/58 | €55,587 | €145,453 | +€89,865 | +161.7% |
| Amounts receivable within one year | 40/41 | €13,881 | €17,424 | +€3,543 | +25.5% |
| Trade receivables | 40 | €13,580 | €17,424 | +€3,844 | +28.3% |
| Other amounts receivable | 41 | €301 | - | -€301 | |
| Cash at bank and in hand | 54/58 | €40,604 | €126,863 | +€86,259 | +212.4% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,166 | +€63 | +5.7% |
| Total equity and liabilities | 10/49 | €75,060 | €153,962 | +€78,902 | +105.1% |
| Equity | 10/15 | €20,460 | €40,792 | +€20,332 | +99.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €22,192 | +€20,332 | +1093.1% |
| Distributable reserves | 133 | €1,860 | €22,192 | +€20,332 | +1093.1% |
| Amounts payable | 17/49 | €54,600 | €113,171 | +€58,571 | +107.3% |
| Amounts payable within one year | 42/48 | €54,600 | €113,171 | +€58,571 | +107.3% |
| Trade debts | 44 | €882 | €1,984 | +€1,102 | +124.8% |
| Suppliers | 440/4 | €882 | €1,984 | +€1,102 | +124.8% |
| Taxes, remuneration and social security | 45 | €13,844 | €21,592 | +€7,749 | +56.0% |
| Taxes | 450/3 | €13,844 | €21,592 | +€7,749 | +56.0% |
| Other amounts payable | 47/48 | €39,874 | €89,595 | +€49,721 | +124.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,963 | €10,963 | = | 0.0% |
| Other operating charges | 640/8 | €94 | €317 | +€223 | +237.6% |
| Gross operating margin | 9900 | €140,264 | €140,493 | +€229 | +0.2% |
| Operating profit (loss) | 9901 | €129,207 | €129,213 | +€6 | 0.0% |
| Financial charges | 65/66B | €77 | €75 | -€1 | -1.8% |
| Recurring financial charges | 65 | €77 | €75 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €129,131 | €129,138 | +€7 | 0.0% |
| Income taxes | 67/77 | €27,780 | €30,155 | +€2,376 | +8.6% |
| Profit (loss) for the period | 9904 | €101,351 | €98,983 | -€2,368 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,351 | €98,983 | -€2,368 | -2.3% |
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 12 October 2026 via checked.be.