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
- Current investments +€88,237
up €88,237 (+28.0%), from €314,761 to €402,998
- Cash -€27,698
down €27,698 (-12.8%), from €216,189 to €188,491
mainly Current investments (-€88,237) and Receivables after one year (-€6,948)
- Reserves +€61,466
up €61,466 (+8.8%), from €695,435 to €756,901
of which Distributable reserves: +€61,466
- Financial income +€87,386
up €87,386 (+576.1%), from €15,168 to €102,554
- Gross operating margin +€21,631
up €21,631 (+45.9%), from -€47,102 to -€25,472
- Taxes +€6,229
up €6,229 (+2934.2%), from €212 to €6,441
- Financial charges +€3,373
up €3,373 (+1199.8%), from €281 to €3,655
- Depreciation +€1,785
up €1,785 (+55.5%), from €3,216 to €5,001
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 | €702,795 | €764,627 | +€61,832 | +8.8% |
| Fixed assets | 21/28 | €133,023 | €128,022 | -€5,001 | -3.8% |
| Tangible fixed assets | 22/27 | €20,722 | €15,721 | -€5,001 | -24.1% |
| Furniture and vehicles | 24 | €20,722 | €15,721 | -€5,001 | -24.1% |
| Financial fixed assets | 28 | €112,301 | €112,301 | = | 0.0% |
| Current assets | 29/58 | €569,772 | €636,605 | +€66,833 | +11.7% |
| Amounts receivable after more than one year | 29 | €34,124 | €41,072 | +€6,948 | +20.4% |
| Other amounts receivable | 291 | €34,124 | €41,072 | +€6,948 | +20.4% |
| Amounts receivable within one year | 40/41 | €3,982 | €3,186 | -€796 | -20.0% |
| Other amounts receivable | 41 | €3,982 | €3,186 | -€796 | -20.0% |
| Current investments | 50/53 | €314,761 | €402,998 | +€88,237 | +28.0% |
| Cash at bank and in hand | 54/58 | €216,189 | €188,491 | -€27,698 | -12.8% |
| Deferred charges and accrued income | 490/1 | €716 | €858 | +€142 | +19.9% |
| Total equity and liabilities | 10/49 | €702,795 | €764,627 | +€61,832 | +8.8% |
| Equity | 10/15 | €701,635 | €763,101 | +€61,466 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €695,435 | €756,901 | +€61,466 | +8.8% |
| Tax-exempt reserves | 132 | €246 | €246 | = | 0.0% |
| Distributable reserves | 133 | €695,189 | €756,656 | +€61,466 | +8.8% |
| Amounts payable | 17/49 | €1,160 | €1,526 | +€365 | +31.5% |
| Amounts payable within one year | 42/48 | €1,160 | €1,526 | +€365 | +31.5% |
| Financial debts | 43 | €103 | €81 | -€22 | -21.3% |
| Credit institutions | 430/8 | €103 | €81 | -€22 | -21.3% |
| Trade debts | 44 | €1,057 | €1,445 | +€387 | +36.6% |
| Suppliers | 440/4 | €1,057 | €1,445 | +€387 | +36.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,216 | €5,001 | +€1,785 | +55.5% |
| Other operating charges | 640/8 | €1,063 | €519 | -€545 | -51.2% |
| Gross operating margin | 9900 | -€47,102 | -€25,472 | +€21,631 | +45.9% |
| Operating profit (loss) | 9901 | -€51,382 | -€30,991 | +€20,391 | +39.7% |
| Financial income | 75/76B | €15,168 | €102,554 | +€87,386 | +576.1% |
| Recurring financial income | 75 | €15,168 | €102,554 | +€87,386 | +576.1% |
| Financial charges | 65/66B | €281 | €3,655 | +€3,373 | +1199.8% |
| Recurring financial charges | 65 | €281 | €3,655 | +€3,373 | +1199.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,495 | €67,908 | +€104,403 | |
| Income taxes | 67/77 | €212 | €6,441 | +€6,229 | +2934.2% |
| Profit (loss) for the period | 9904 | -€36,707 | €61,466 | +€98,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,707 | €61,466 | +€98,174 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.