SITE PROJECTS: 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.
SITE PROJECTS
Largest movements
- Current investments +€100,001
new in 2025: €100,001
- Cash -€68,364
down €68,364 (-40.3%), from €169,596 to €101,232
mainly Current investments (-€100,001) and Contributions, distributions and other (-€26,720)
- Receivables within one year +€12,926
up €12,926 (+65.7%), from €19,661 to €32,587
of which Trade receivables: +€12,916
- Tangible fixed assets -€4,231
down €4,231 (-5.4%), from €79,004 to €74,772
of which Furniture and vehicles: -€4,462
- Other debts +€28,795
up €28,795 (+156.9%), from €18,354 to €47,148
- Reserves +€17,834
up €17,834 (+9.8%), from €182,224 to €200,058
- Debts after one year -€8,796
down €8,796 (-40.2%), from €21,898 to €13,102
- Gross operating margin +€2,766
up €2,766 (+3.6%), from €76,118 to €78,884
- Depreciation +€1,286
up €1,286 (+11.2%), from €11,522 to €12,808
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 | €268,877 | €309,617 | +€40,740 | +15.2% |
| Fixed assets | 21/28 | €79,004 | €74,772 | -€4,231 | -5.4% |
| Tangible fixed assets | 22/27 | €79,004 | €74,772 | -€4,231 | -5.4% |
| Plant, machinery and equipment | 23 | €2,895 | €3,126 | +€231 | +8.0% |
| Furniture and vehicles | 24 | €76,109 | €71,646 | -€4,462 | -5.9% |
| Current assets | 29/58 | €189,873 | €234,845 | +€44,972 | +23.7% |
| Amounts receivable within one year | 40/41 | €19,661 | €32,587 | +€12,926 | +65.7% |
| Trade receivables | 40 | €19,661 | €32,576 | +€12,916 | +65.7% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Current investments | 50/53 | - | €100,001 | +€100,001 | |
| Cash at bank and in hand | 54/58 | €169,596 | €101,232 | -€68,364 | -40.3% |
| Deferred charges and accrued income | 490/1 | €616 | €1,025 | +€409 | +66.4% |
| Total equity and liabilities | 10/49 | €268,877 | €309,617 | +€40,740 | +15.2% |
| Equity | 10/15 | €200,824 | €218,658 | +€17,834 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,224 | €200,058 | +€17,834 | +9.8% |
| Distributable reserves | 133 | €182,224 | €200,058 | +€17,834 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,052 | €90,959 | +€22,907 | +33.7% |
| Amounts payable after more than one year | 17 | €21,898 | €13,102 | -€8,796 | -40.2% |
| Financial debts | 170/4 | €21,898 | €13,102 | -€8,796 | -40.2% |
| Amounts payable within one year | 42/48 | €44,924 | €76,380 | +€31,456 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €8,438 | €8,796 | +€358 | +4.2% |
| Financial debts | 43 | €137 | €172 | +€35 | +25.2% |
| Credit institutions | 430/8 | - | €172 | +€172 | |
| Other loans | 439 | €137 | €0 | -€137 | -100.0% |
| Trade debts | 44 | €279 | €784 | +€506 | +181.4% |
| Suppliers | 440/4 | €279 | €784 | +€506 | +181.4% |
| Taxes, remuneration and social security | 45 | €17,716 | €19,480 | +€1,764 | +10.0% |
| Taxes | 450/3 | €17,716 | €19,480 | +€1,764 | +10.0% |
| Other amounts payable | 47/48 | €18,354 | €47,148 | +€28,795 | +156.9% |
| Accrued charges and deferred income | 492/3 | €1,231 | €1,477 | +€246 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,522 | €12,808 | +€1,286 | +11.2% |
| Other operating charges | 640/8 | €810 | €826 | +€16 | +2.0% |
| Gross operating margin | 9900 | €76,118 | €78,884 | +€2,766 | +3.6% |
| Operating profit (loss) | 9901 | €63,787 | €65,251 | +€1,464 | +2.3% |
| Financial income | 75/76B | €280 | €0 | -€280 | -100.0% |
| Recurring financial income | 75 | €280 | €0 | -€280 | -100.0% |
| Financial charges | 65/66B | €3,195 | €2,923 | -€273 | -8.5% |
| Recurring financial charges | 65 | €3,195 | €2,923 | -€273 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €60,871 | €62,328 | +€1,457 | +2.4% |
| Income taxes | 67/77 | €17,487 | €17,775 | +€287 | +1.6% |
| Profit (loss) for the period | 9904 | €43,384 | €44,554 | +€1,170 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,384 | €44,554 | +€1,170 | +2.7% |
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.