PROYECTUM: 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.
PROYECTUM
Largest movements
- Receivables within one year -€20,350
down €20,350 (-44.6%), from €45,597 to €25,247
of which Trade receivables: -€15,736
- Tangible fixed assets -€19,114
down €19,114 (-17.7%), from €107,712 to €88,598
of which Furniture and vehicles: -€11,393
- Cash -€5,331
down €5,331 (-34.2%), from €15,596 to €10,264
mainly Net result for the year (-€35,751) and Debts after one year (-€21,469)
- Profit (loss) carried forward -€35,751
down €35,751 (-419.4%), from -€8,524 to -€44,275
- Debts after one year -€21,469
down €21,469 (-34.2%), from €62,818 to €41,350
- Trade debts +€5,774
up €5,774 (+131.9%), from €4,378 to €10,152
- Other debts +€5,322
up €5,322 (+293.6%), from €1,813 to €7,135
- Gross operating margin -€50,077
down €50,077, from €44,368 to -€5,709
- Taxes -€6,567
down €6,567 (-93.5%), from €7,023 to €456
- Depreciation +€3,779
up €3,779 (+20.0%), from €18,908 to €22,688
- Financial income -€555
down €555 (-100.0%), from €555 to €0
of which Financial income: -€555
- Financial charges -€480
down €480 (-12.4%), from €3,869 to €3,389
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 | €187,012 | €142,985 | -€44,027 | -23.5% |
| Fixed assets | 21/28 | €123,047 | €103,934 | -€19,114 | -15.5% |
| Tangible fixed assets | 22/27 | €107,712 | €88,598 | -€19,114 | -17.7% |
| Land and buildings | 22 | €28,500 | €22,800 | -€5,700 | -20.0% |
| Plant, machinery and equipment | 23 | €30,200 | €28,180 | -€2,020 | -6.7% |
| Furniture and vehicles | 24 | €49,011 | €37,618 | -€11,393 | -23.2% |
| Financial fixed assets | 28 | €15,336 | €15,336 | = | 0.0% |
| Current assets | 29/58 | €63,964 | €39,051 | -€24,914 | -38.9% |
| Amounts receivable within one year | 40/41 | €45,597 | €25,247 | -€20,350 | -44.6% |
| Trade receivables | 40 | €40,944 | €25,208 | -€15,736 | -38.4% |
| Other amounts receivable | 41 | €4,653 | €39 | -€4,614 | -99.2% |
| Cash at bank and in hand | 54/58 | €15,596 | €10,264 | -€5,331 | -34.2% |
| Deferred charges and accrued income | 490/1 | €2,772 | €3,540 | +€767 | +27.7% |
| Total equity and liabilities | 10/49 | €187,012 | €142,985 | -€44,027 | -23.5% |
| Equity | 10/15 | €90,271 | €54,520 | -€35,751 | -39.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €67,795 | €67,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €64,695 | €64,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,524 | -€44,275 | -€35,751 | -419.4% |
| Amounts payable | 17/49 | €96,741 | €88,465 | -€8,276 | -8.6% |
| Amounts payable after more than one year | 17 | €62,818 | €41,350 | -€21,469 | -34.2% |
| Financial debts | 170/4 | €62,818 | €41,350 | -€21,469 | -34.2% |
| Amounts payable within one year | 42/48 | €33,922 | €47,115 | +€13,193 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €21,151 | €21,605 | +€454 | +2.1% |
| Financial debts | 43 | - | €320 | +€320 | |
| Credit institutions | 430/8 | - | €320 | +€320 | |
| Trade debts | 44 | €4,378 | €10,152 | +€5,774 | +131.9% |
| Suppliers | 440/4 | €4,378 | €10,152 | +€5,774 | +131.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,580 | €7,903 | +€1,322 | +20.1% |
| Taxes | 450/3 | €6,580 | €7,903 | +€1,322 | +20.1% |
| Other amounts payable | 47/48 | €1,813 | €7,135 | +€5,322 | +293.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,908 | €22,688 | +€3,779 | +20.0% |
| Other operating charges | 640/8 | €3,134 | €3,509 | +€374 | +11.9% |
| Gross operating margin | 9900 | €44,368 | -€5,709 | -€50,077 | |
| Operating profit (loss) | 9901 | €22,326 | -€31,906 | -€54,231 | |
| Financial income | 75/76B | €555 | €0 | -€555 | -100.0% |
| Recurring financial income | 75 | €555 | €0 | -€555 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,869 | €3,389 | -€480 | -12.4% |
| Recurring financial charges | 65 | €3,869 | €3,389 | -€480 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €19,012 | -€35,295 | -€54,307 | |
| Income taxes | 67/77 | €7,023 | €456 | -€6,567 | -93.5% |
| Profit (loss) for the period | 9904 | €11,989 | -€35,751 | -€47,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,989 | -€35,751 | -€47,740 |
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 4 October 2026 via checked.be.