RW-PROJETS: 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.
RW-PROJETS
Largest movements
- Receivables within one year +€137,489
up €137,489 (+362.3%), from €37,950 to €175,439
of which Trade receivables: +€137,625
- Stocks and contracts +€61,618
up €61,618 (+2.8%), from €2.2m to €2.2m
- Other debts +€170,043
up €170,043 (+11.5%), from €1.5m to €1.7m
- Trade debts +€57,306
up €57,306 (+5453.8%), from €1,051 to €58,357
- Profit (loss) carried forward -€35,105
down €35,105 (-56.3%), from -€62,311 to -€97,416
- Gross operating margin -€28,926
down €28,926, from €2,937 to -€25,989
- Taxes -€437
down €437 (-66.2%), from €660 to €223
- Other operating charges -€291
down €291 (-26.1%), from €1,114 to €823
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 | €2,227,420 | €2,419,075 | +€191,655 | +8.6% |
| Fixed assets | 21/28 | €7,806 | €0 | -€7,806 | -100.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,806 | €0 | -€7,806 | -100.0% |
| Furniture and vehicles | 24 | €7,806 | €0 | -€7,806 | -100.0% |
| Current assets | 29/58 | €2,219,614 | €2,419,075 | +€199,461 | +9.0% |
| Stocks and contracts in progress | 3 | €2,177,727 | €2,239,345 | +€61,618 | +2.8% |
| Stocks | 30/36 | €2,177,727 | €2,239,345 | +€61,618 | +2.8% |
| Amounts receivable within one year | 40/41 | €37,950 | €175,439 | +€137,489 | +362.3% |
| Trade receivables | 40 | - | €137,625 | +€137,625 | |
| Other amounts receivable | 41 | €37,950 | €37,814 | -€135 | -0.4% |
| Cash at bank and in hand | 54/58 | €3,937 | €4,291 | +€353 | +9.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,227,420 | €2,419,075 | +€191,655 | +8.6% |
| Equity | 10/15 | -€58,711 | -€93,816 | -€35,105 | -59.8% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,311 | -€97,416 | -€35,105 | -56.3% |
| Amounts payable | 17/49 | €2,286,130 | €2,512,891 | +€226,761 | +9.9% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,486,130 | €1,712,891 | +€226,761 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €1,051 | €58,357 | +€57,306 | +5453.8% |
| Suppliers | 440/4 | €1,051 | €58,357 | +€57,306 | +5453.8% |
| Taxes, remuneration and social security | 45 | €1,062 | €473 | -€589 | -55.4% |
| Taxes | 450/3 | €1,062 | €473 | -€589 | -55.4% |
| Other amounts payable | 47/48 | €1,484,017 | €1,654,060 | +€170,043 | +11.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,025 | €7,806 | -€220 | -2.7% |
| Other operating charges | 640/8 | €1,114 | €823 | -€291 | -26.1% |
| Gross operating margin | 9900 | €2,937 | -€25,989 | -€28,926 | |
| Operating profit (loss) | 9901 | -€6,203 | -€34,618 | -€28,415 | -458.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €137 | €265 | +€127 | +92.7% |
| Recurring financial charges | 65 | €137 | €265 | +€127 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,340 | -€34,882 | -€28,542 | -450.2% |
| Income taxes | 67/77 | €660 | €223 | -€437 | -66.2% |
| Profit (loss) for the period | 9904 | -€7,000 | -€35,105 | -€28,105 | -401.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,000 | -€35,105 | -€28,105 | -401.5% |
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 9 October 2026 via checked.be.