STANDAERT PROJECTING: 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.
STANDAERT PROJECTING
Largest movements
- Receivables within one year -€75,348
down €75,348 (-90.1%), from €83,660 to €8,312
of which Other amounts receivable: -€76,999
- Cash +€22,523
up €22,523 (+115%), from €19,610 to €42,133
mainly Receivables within one year (+€75,348) and Tax, wage and social debts (+€13,687)
- Tangible fixed assets -€10,152
down €10,152 (-3.4%), from €298,727 to €288,575
of which Land and buildings: -€8,902
- Provisions -€79,422
down €79,422 (-100%), from €79,422 to €0
- Tax, wage and social debts +€13,687
up €13,687 (+229%), from €5,964 to €19,652
of which Taxes: +€9,280
- Gross operating margin -€13,292
down €13,292 (-43.6%), from €30,481 to €17,189
- Taxes -€4,626
down €4,626 (-77.6%), from €5,963 to €1,337
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 | €406,078 | €342,898 | -€63,180 | -15.6% |
| Fixed assets | 21/28 | €298,727 | €288,575 | -€10,152 | -3.4% |
| Tangible fixed assets | 22/27 | €298,727 | €288,575 | -€10,152 | -3.4% |
| Land and buildings | 22 | €291,357 | €282,455 | -€8,902 | -3.1% |
| Plant, machinery and equipment | 23 | €81 | €22 | -€59 | -72.8% |
| Furniture and vehicles | 24 | €687 | €237 | -€450 | -65.5% |
| Other tangible fixed assets | 26 | €6,601 | €5,860 | -€741 | -11.2% |
| Current assets | 29/58 | €107,351 | €54,323 | -€53,028 | -49.4% |
| Amounts receivable within one year | 40/41 | €83,660 | €8,312 | -€75,348 | -90.1% |
| Trade receivables | 40 | €3,158 | €4,810 | +€1,651 | +52.3% |
| Other amounts receivable | 41 | €80,502 | €3,503 | -€76,999 | -95.6% |
| Cash at bank and in hand | 54/58 | €19,610 | €42,133 | +€22,523 | +115% |
| Deferred charges and accrued income | 490/1 | €4,081 | €3,877 | -€204 | -5.0% |
| Total equity and liabilities | 10/49 | €406,078 | €342,898 | -€63,180 | -15.6% |
| Equity | 10/15 | €318,662 | €321,331 | +€2,669 | +0.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €288,662 | €291,331 | +€2,669 | +0.9% |
| Distributable reserves | 133 | €288,662 | €291,331 | +€2,669 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €79,422 | €0 | -€79,422 | -100% |
| Provisions for liabilities and charges | 160/5 | €79,422 | €0 | -€79,422 | -100% |
| Pensions and similar obligations | 160 | €79,422 | €0 | -€79,422 | -100% |
| Amounts payable | 17/49 | €7,994 | €21,567 | +€13,573 | +170% |
| Amounts payable within one year | 42/48 | €7,994 | €21,567 | +€13,573 | +170% |
| Trade debts | 44 | €2,030 | €1,916 | -€114 | -5.6% |
| Suppliers | 440/4 | €2,030 | €1,916 | -€114 | -5.6% |
| Taxes, remuneration and social security | 45 | €5,964 | €19,652 | +€13,687 | +229% |
| Taxes | 450/3 | €5,964 | €15,244 | +€9,280 | +156% |
| Remuneration and social security | 454/9 | - | €4,408 | +€4,408 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,312 | €10,152 | -€159 | -1.5% |
| Other operating charges | 640/8 | €2,993 | €2,960 | -€32 | -1.1% |
| Gross operating margin | 9900 | €30,481 | €17,189 | -€13,292 | -43.6% |
| Operating profit (loss) | 9901 | €17,177 | €4,077 | -€13,100 | -76.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €17,104 | €4,007 | -€13,097 | -76.6% |
| Income taxes | 67/77 | €5,963 | €1,337 | -€4,626 | -77.6% |
| Profit (loss) for the period | 9904 | €11,141 | €2,669 | -€8,471 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,141 | €2,669 | -€8,471 | -76.0% |
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 25 October 2026 via checked.be.