PROJICT: 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.
PROJICT
Largest movements
- Receivables within one year +€181,960
up €181,960 (+151%), from €120,262 to €302,222
of which Trade receivables: +€181,530
- Deferred charges and accrued income -€16,861
down €16,861 (-42.0%), from €40,154 to €23,293
- Trade debts +€140,160
up €140,160 (+2,633%), from €5,323 to €145,483
- Reserves +€22,185
up €22,185 (+1,084%), from €2,046 to €24,231
of which Distributable reserves: +€22,185
- Accrued charges and deferred income -€3,727
no longer reported in 2024 (was €3,727)
- Gross operating margin +€47,537
up €47,537, from -€12,594 to €34,943
- Taxes +€9,771
up €9,771, from €0 to €9,771
- Financial income -€2,852
down €2,852 (-96.7%), from €2,951 to €99
- Other operating charges +€1,709
up €1,709 (+1,367%), from €125 to €1,834
- Depreciation -€1,136
down €1,136 (-59.0%), from €1,926 to €790
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,854 | €358,005 | +€161,152 | +81.9% |
| Fixed assets | 21/28 | €1,295 | €505 | -€790 | -61.0% |
| Tangible fixed assets | 22/27 | €1,295 | €505 | -€790 | -61.0% |
| Plant, machinery and equipment | 23 | €803 | €505 | -€297 | -37.1% |
| Furniture and vehicles | 24 | €493 | - | -€493 | |
| Current assets | 29/58 | €195,558 | €357,500 | +€161,942 | +82.8% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €120,262 | €302,222 | +€181,960 | +151% |
| Trade receivables | 40 | €83,848 | €265,378 | +€181,530 | +216% |
| Other amounts receivable | 41 | €36,414 | €36,844 | +€430 | +1.2% |
| Current investments | 50/53 | €1,605 | €1,605 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,537 | €380 | -€3,158 | -89.3% |
| Deferred charges and accrued income | 490/1 | €40,154 | €23,293 | -€16,861 | -42.0% |
| Total equity and liabilities | 10/49 | €196,854 | €358,005 | +€161,152 | +81.9% |
| Equity | 10/15 | €95,852 | €118,037 | +€22,185 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,046 | €24,231 | +€22,185 | +1,084% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | - | €22,185 | +€22,185 | |
| Profit (loss) carried forward | 14 | €75,206 | €75,206 | = | 0.0% |
| Amounts payable | 17/49 | €101,002 | €239,969 | +€138,967 | +138% |
| Amounts payable within one year | 42/48 | €97,275 | €239,969 | +€142,694 | +147% |
| Financial debts | 43 | €29,980 | €30,524 | +€545 | +1.8% |
| Credit institutions | 430/8 | €29,980 | €545 | -€29,435 | -98.2% |
| Other loans | 439 | - | €29,979 | +€29,979 | |
| Trade debts | 44 | €5,323 | €145,483 | +€140,160 | +2,633% |
| Suppliers | 440/4 | €5,323 | €145,483 | +€140,160 | +2,633% |
| Taxes, remuneration and social security | 45 | €50,605 | €50,044 | -€560 | -1.1% |
| Taxes | 450/3 | €50,605 | €50,044 | -€560 | -1.1% |
| Other amounts payable | 47/48 | €11,368 | €13,917 | +€2,550 | +22.4% |
| Accrued charges and deferred income | 492/3 | €3,727 | - | -€3,727 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €790 | -€1,136 | -59.0% |
| Other operating charges | 640/8 | €125 | €1,834 | +€1,709 | +1,367% |
| Gross operating margin | 9900 | -€12,594 | €34,943 | +€47,537 | |
| Operating profit (loss) | 9901 | -€14,645 | €32,319 | +€46,964 | |
| Financial income | 75/76B | €2,951 | €99 | -€2,852 | -96.7% |
| Recurring financial income | 75 | €2,951 | €99 | -€2,852 | -96.7% |
| Financial charges | 65/66B | €74 | €462 | +€389 | +528% |
| Recurring financial charges | 65 | €74 | €462 | +€389 | +528% |
| Profit (loss) for the period before taxes | 9903 | -€11,767 | €31,956 | +€43,723 | |
| Income taxes | 67/77 | €0 | €9,771 | +€9,771 | |
| Profit (loss) for the period | 9904 | -€11,767 | €22,185 | +€33,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,767 | €22,185 | +€33,952 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.