PROJINIT: 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.
What changed
PROJINIT
NACE 82.100, Office administrative and support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€225,786
2024 · €212,184-€437,971
Equity
€1.0m
2024 · €1.3m-€225,786
Cash
€296,820
2024 · €124,647+€172,172
Balance sheet total
€4.4m
2024 · €4.4m+€23,399
Largest movements
Assets
- Receivables within one year -€368,765
down €368,765 (-11.1%), from €3.3m to €3.0m
of which Other amounts receivable: -€498,578
- Receivables after one year +€300,000
up €300,000 (+85.7%), from €350,000 to €650,000
- Cash +€172,172
up €172,172 (+138.1%), from €124,647 to €296,820
mainly Receivables within one year (+€368,765) and Trade debts (+€368,419)
- Intangible fixed assets -€45,775
down €45,775 (-75.1%), from €60,934 to €15,159
Equity and liabilities
- Profit (loss) carried forward -€875,786
down €875,786 (-72.1%), from €1.2m to €339,102
- Reserves +€650,000
up €650,000 (+3831.4%), from €16,965 to €666,965
of which Non-distributable reserves: +€650,000
- Trade debts +€368,419
up €368,419 (+16.2%), from €2.3m to €2.6m
- Tax, wage and social debts -€122,358
down €122,358 (-16.8%), from €727,592 to €605,234
of which Taxes: -€166,102
Income statement
- Staff costs +€256,954
up €256,954 (+8.6%), from €3.0m to €3.3m
- Services and other goods +€245,059
up €245,059 (+18.4%), from €1.3m to €1.6m
- Turnover -€184,772
down €184,772 (-1.1%), from €16.3m to €16.1m
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.
Result 2024
€212,184
Turnover
-€184,772
Other operating income
-€13,849
Goods and materials
-€24,415
Services and other goods
-€245,059
Staff costs
-€256,954
Depreciation
+€6,044
Other operating charges
+€15,434
Other operating items
+€129,879
Financial income
+€31,972
Financial charges
-€16,743
Taxes
+€120,492
Result 2025
-€225,786
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.
From operations
+€176,987
Investment
-€5,739
Financing
+€925
Cash 2024
€124,647
From operations (derived)
+€176,987
Net result for the year
-€225,786
Depreciation
+€60,519
Receivables after one year
-€300,000
Receivables within one year
+€368,765
Deferred charges and accrued income
+€25,229
Trade debts
+€368,419
Tax, wage and social debts
-€122,358
Other debts
+€2,200
Investment (derived)
-€5,739
Investment in fixed assets (net)
-€4,522
Current investments
-€1,217
Financing
+€925
Current portion of long-term debt
-€72
Short-term financial debts
+€996
Cash 2025
€296,820
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,408,048 | €4,431,447 | +€23,399 | +0.5% |
| Fixed assets | 21/28 | €149,242 | €93,245 | -€55,997 | -37.5% |
| Intangible fixed assets | 21 | €60,934 | €15,159 | -€45,775 | -75.1% |
| Tangible fixed assets | 22/27 | €36,590 | €26,368 | -€10,222 | -27.9% |
| Plant, machinery and equipment | 23 | €14,170 | €12,627 | -€1,543 | -10.9% |
| Furniture and vehicles | 24 | €22,420 | €13,741 | -€8,679 | -38.7% |
| Financial fixed assets | 28 | €51,718 | €51,718 | = | 0.0% |
| Affiliated companies | 280/1 | €41,952 | €41,952 | = | 0.0% |
| Participating interests | 280 | €41,952 | €41,952 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,766 | €9,766 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,766 | €9,766 | = | 0.0% |
| Current assets | 29/58 | €4,258,806 | €4,338,202 | +€79,396 | +1.9% |
| Amounts receivable after more than one year | 29 | €350,000 | €650,000 | +€300,000 | +85.7% |
| Other amounts receivable | 291 | €350,000 | €650,000 | +€300,000 | +85.7% |
| Amounts receivable within one year | 40/41 | €3,323,179 | €2,954,415 | -€368,765 | -11.1% |
| Trade receivables | 40 | €2,480,973 | €2,610,786 | +€129,813 | +5.2% |
| Other amounts receivable | 41 | €842,206 | €343,629 | -€498,578 | -59.2% |
| Current investments | 50/53 | €372,961 | €374,178 | +€1,217 | +0.3% |
| Other investments | 51/53 | €372,961 | €374,178 | +€1,217 | +0.3% |
| Cash at bank and in hand | 54/58 | €124,647 | €296,820 | +€172,172 | +138.1% |
| Deferred charges and accrued income | 490/1 | €88,018 | €62,789 | -€25,229 | -28.7% |
| Total equity and liabilities | 10/49 | €4,408,048 | €4,431,447 | +€23,399 | +0.5% |
| Equity | 10/15 | €1,251,854 | €1,026,067 | -€225,786 | -18.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,965 | €666,965 | +€650,000 | +3831.4% |
| Non-distributable reserves | 130/1 | €2,000 | €652,000 | +€650,000 | +32500.0% |
| Reserves not available under the articles | 1311 | €2,000 | €652,000 | +€650,000 | +32500.0% |
| Tax-exempt reserves | 132 | €14,965 | €14,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,214,888 | €339,102 | -€875,786 | -72.1% |
| Amounts payable | 17/49 | €3,156,194 | €3,405,380 | +€249,186 | +7.9% |
| Amounts payable within one year | 42/48 | €3,156,194 | €3,405,380 | +€249,186 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €159,730 | €159,658 | -€72 | 0.0% |
| Financial debts | 43 | - | €996 | +€996 | |
| Credit institutions | 430/8 | - | €996 | +€996 | |
| Trade debts | 44 | €2,268,872 | €2,637,291 | +€368,419 | +16.2% |
| Suppliers | 440/4 | €2,268,872 | €2,637,291 | +€368,419 | +16.2% |
| Taxes, remuneration and social security | 45 | €727,592 | €605,234 | -€122,358 | -16.8% |
| Taxes | 450/3 | €252,570 | €86,468 | -€166,102 | -65.8% |
| Remuneration and social security | 454/9 | €475,022 | €518,766 | +€43,744 | +9.2% |
| Other amounts payable | 47/48 | - | €2,200 | +€2,200 | |
| Operating income | 70/76A | €16,473,956 | €16,274,335 | -€199,621 | -1.2% |
| Turnover | 70 | €16,298,096 | €16,113,324 | -€184,772 | -1.1% |
| Other operating income | 74 | €174,860 | €161,011 | -€13,849 | -7.9% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Operating charges | 60/66A | €15,988,989 | €16,363,061 | +€374,071 | +2.3% |
| Goods for resale, raw materials and consumables | 60 | €11,410,858 | €11,435,273 | +€24,415 | +0.2% |
| Purchases | 600/8 | €11,410,858 | €11,435,273 | +€24,415 | +0.2% |
| Services and other goods | 61 | €1,334,392 | €1,579,451 | +€245,059 | +18.4% |
| Remuneration, social security and pensions | 62 | €3,004,233 | €3,261,187 | +€256,954 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,563 | €60,519 | -€6,044 | -9.1% |
| Other operating charges | 640/8 | €42,064 | €26,630 | -€15,434 | -36.7% |
| Non-recurring operating charges | 66A | €130,879 | - | -€130,879 | |
| Operating profit (loss) | 9901 | €484,967 | -€88,726 | -€573,692 | |
| Financial income | 75/76B | €29,795 | €61,767 | +€31,972 | +107.3% |
| Recurring financial income | 75 | €29,795 | €61,767 | +€31,972 | +107.3% |
| Income from current assets | 751 | €6,310 | €7,203 | +€894 | +14.2% |
| Other financial income | 752/9 | €23,485 | €54,564 | +€31,078 | +132.3% |
| Financial charges | 65/66B | €171,955 | €188,697 | +€16,743 | +9.7% |
| Recurring financial charges | 65 | €171,955 | €188,697 | +€16,743 | +9.7% |
| Debt charges | 650 | €158,259 | €166,920 | +€8,661 | +5.5% |
| Other financial charges | 652/9 | €13,696 | €21,777 | +€8,081 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €342,807 | -€215,656 | -€558,463 | |
| Income taxes | 67/77 | €130,623 | €10,130 | -€120,492 | -92.2% |
| Taxes | 670/3 | €130,623 | €10,130 | -€120,492 | -92.2% |
| Profit (loss) for the period | 9904 | €212,184 | -€225,786 | -€437,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €212,184 | -€225,786 | -€437,971 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.