Special Project Services: 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.
Special Project Services
Largest movements
- Cash +€19,022
up €19,022 (+3.1%), from €607,195 to €626,217
mainly Accrued charges and deferred income (+€16,590) and Depreciation (+€12,593)
- Tangible fixed assets -€12,593
down €12,593 (-23.2%), from €54,181 to €41,587
of which Furniture and vehicles: -€11,516
- Receivables within one year -€8,630
down €8,630 (-50.9%), from €16,947 to €8,317
of which Trade receivables: -€9,072
- Accrued charges and deferred income +€16,590
up €16,590 (+107%), from €15,502 to €32,092
- Tax, wage and social debts -€7,849
no longer reported in 2025 (was €7,849)
- Taxes +€36,761
up €36,761 (+613%), from €6,000 to €42,761
- Gross operating margin -€28,775
down €28,775 (-38.1%), from €75,581 to €46,806
- Depreciation +€1,154
up €1,154 (+10.1%), from €11,439 to €12,593
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.
Derived cash bridge
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 | €678,323 | €676,121 | -€2,201 | -0.3% |
| Fixed assets | 21/28 | €54,181 | €41,587 | -€12,593 | -23.2% |
| Tangible fixed assets | 22/27 | €54,181 | €41,587 | -€12,593 | -23.2% |
| Plant, machinery and equipment | 23 | €8,668 | €7,590 | -€1,077 | -12.4% |
| Furniture and vehicles | 24 | €45,513 | €33,997 | -€11,516 | -25.3% |
| Current assets | 29/58 | €624,142 | €634,534 | +€10,392 | +1.7% |
| Amounts receivable within one year | 40/41 | €16,947 | €8,317 | -€8,630 | -50.9% |
| Trade receivables | 40 | €16,947 | €7,875 | -€9,072 | -53.5% |
| Other amounts receivable | 41 | - | €442 | +€442 | |
| Cash at bank and in hand | 54/58 | €607,195 | €626,217 | +€19,022 | +3.1% |
| Total equity and liabilities | 10/49 | €678,323 | €676,121 | -€2,201 | -0.3% |
| Equity | 10/15 | €645,787 | €638,117 | -€7,670 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €627,187 | €623,030 | -€4,157 | -0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,379 | €31,222 | -€4,157 | -11.8% |
| Distributable reserves | 133 | €589,948 | €589,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,513 | -€3,513 | |
| Provisions and deferred taxes | 16 | €5,543 | €4,157 | -€1,386 | -25.0% |
| Deferred taxes | 168 | €5,543 | €4,157 | -€1,386 | -25.0% |
| Amounts payable | 17/49 | €26,993 | €33,847 | +€6,855 | +25.4% |
| Amounts payable within one year | 42/48 | €11,491 | €1,755 | -€9,736 | -84.7% |
| Trade debts | 44 | €1,567 | - | -€1,567 | |
| Suppliers | 440/4 | €1,567 | - | -€1,567 | |
| Taxes, remuneration and social security | 45 | €7,849 | - | -€7,849 | |
| Taxes | 450/3 | €7,849 | - | -€7,849 | |
| Other amounts payable | 47/48 | €2,075 | €1,755 | -€319 | -15.4% |
| Accrued charges and deferred income | 492/3 | €15,502 | €32,092 | +€16,590 | +107% |
| Non-recurring operating income | 76A | €2,187 | - | -€2,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,439 | €12,593 | +€1,154 | +10.1% |
| Non-recurring operating charges | 66A | €1,751 | - | -€1,751 | |
| Gross operating margin | 9900 | €75,581 | €46,806 | -€28,775 | -38.1% |
| Operating profit (loss) | 9901 | €62,390 | €34,213 | -€28,177 | -45.2% |
| Financial income | 75/76B | €707 | - | -€707 | |
| Recurring financial income | 75 | €707 | - | -€707 | |
| Financial charges | 65/66B | €116 | €508 | +€392 | +338% |
| Recurring financial charges | 65 | €116 | €508 | +€392 | +338% |
| Profit (loss) for the period before taxes | 9903 | €62,981 | €33,705 | -€29,276 | -46.5% |
| Transfer from deferred taxes | 780 | €1,386 | €1,386 | = | 0.0% |
| Income taxes | 67/77 | €6,000 | €42,761 | +€36,761 | +613% |
| Profit (loss) for the period | 9904 | €58,367 | -€7,670 | -€66,037 | |
| Transfer from tax-exempt reserves | 789 | €4,157 | €4,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,524 | -€3,513 | -€66,037 |
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 14 October 2026 via checked.be.