STANDING 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.
STANDING PROJECTS
Largest movements
- Receivables within one year -€29,215
down €29,215 (-81.9%), from €35,654 to €6,439
of which Trade receivables: -€21,127
- Deferred charges and accrued income +€11,457
up €11,457 (+1457.6%), from €786 to €12,243
- Tangible fixed assets +€7,861
up €7,861 (+14.0%), from €56,149 to €64,011
of which Land and buildings: +€7,982
- Cash +€4,732
up €4,732 (+55.1%), from €8,592 to €13,324
mainly Receivables within one year (+€29,215) and Depreciation (+€8,985)
- Tax, wage and social debts -€6,068
down €6,068 (-79.8%), from €7,600 to €1,532
of which Taxes: -€3,922
- Reserves -€4,997
down €4,997 (-13.9%), from €35,860 to €30,863
- Profit (loss) carried forward +€3,949
up €3,949, from -€3,949 to €0
- Short-term financial debts -€3,494
down €3,494 (-100.0%), from €3,494 to €0
- Other debts +€3,460
up €3,460 (+6.8%), from €51,220 to €54,681
- Gross operating margin -€11,616
down €11,616 (-48.0%), from €24,214 to €12,598
- Taxes -€2,529
down €2,529 (-55.1%), from €4,593 to €2,063
- Financial income -€513
down €513 (-77.4%), from €663 to €150
- Depreciation +€451
up €451 (+5.3%), from €8,533 to €8,985
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 | €101,212 | €96,047 | -€5,165 | -5.1% |
| Fixed assets | 21/28 | €56,179 | €64,041 | +€7,861 | +14.0% |
| Tangible fixed assets | 22/27 | €56,149 | €64,011 | +€7,861 | +14.0% |
| Land and buildings | 22 | €50,701 | €58,682 | +€7,982 | +15.7% |
| Plant, machinery and equipment | 23 | €4,941 | €3,771 | -€1,170 | -23.7% |
| Furniture and vehicles | 24 | €508 | €1,557 | +€1,049 | +206.6% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €45,032 | €32,006 | -€13,026 | -28.9% |
| Amounts receivable within one year | 40/41 | €35,654 | €6,439 | -€29,215 | -81.9% |
| Trade receivables | 40 | €25,247 | €4,120 | -€21,127 | -83.7% |
| Other amounts receivable | 41 | €10,407 | €2,320 | -€8,087 | -77.7% |
| Cash at bank and in hand | 54/58 | €8,592 | €13,324 | +€4,732 | +55.1% |
| Deferred charges and accrued income | 490/1 | €786 | €12,243 | +€11,457 | +1457.6% |
| Total equity and liabilities | 10/49 | €101,212 | €96,047 | -€5,165 | -5.1% |
| Equity | 10/15 | €38,111 | €37,063 | -€1,049 | -2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,860 | €30,863 | -€4,997 | -13.9% |
| Distributable reserves | 133 | €35,860 | €30,863 | -€4,997 | -13.9% |
| Profit (loss) carried forward | 14 | -€3,949 | €0 | +€3,949 | |
| Amounts payable | 17/49 | €63,100 | €58,984 | -€4,116 | -6.5% |
| Amounts payable within one year | 42/48 | €63,100 | €58,980 | -€4,121 | -6.5% |
| Financial debts | 43 | €3,494 | €0 | -€3,494 | -100.0% |
| Credit institutions | 430/8 | €3,494 | €0 | -€3,494 | -100.0% |
| Trade debts | 44 | €786 | €2,767 | +€1,981 | +251.9% |
| Suppliers | 440/4 | €786 | €2,767 | +€1,981 | +251.9% |
| Taxes, remuneration and social security | 45 | €7,600 | €1,532 | -€6,068 | -79.8% |
| Taxes | 450/3 | €4,244 | €322 | -€3,922 | -92.4% |
| Remuneration and social security | 454/9 | €3,356 | €1,211 | -€2,146 | -63.9% |
| Other amounts payable | 47/48 | €51,220 | €54,681 | +€3,460 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Non-recurring operating income | 76A | €452 | €3,318 | +€2,866 | +633.3% |
| Remuneration, social security and pensions | 62 | €0 | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,533 | €8,985 | +€451 | +5.3% |
| Other operating charges | 640/8 | €1,947 | €2,101 | +€155 | +7.9% |
| Gross operating margin | 9900 | €24,214 | €12,598 | -€11,616 | -48.0% |
| Operating profit (loss) | 9901 | €13,734 | €1,488 | -€12,246 | -89.2% |
| Financial income | 75/76B | €663 | €150 | -€513 | -77.4% |
| Recurring financial income | 75 | €663 | €150 | -€513 | -77.4% |
| Financial charges | 65/66B | €718 | €623 | -€95 | -13.3% |
| Recurring financial charges | 65 | €718 | €623 | -€95 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €13,678 | €1,015 | -€12,663 | -92.6% |
| Income taxes | 67/77 | €4,593 | €2,063 | -€2,529 | -55.1% |
| Profit (loss) for the period | 9904 | €9,086 | -€1,049 | -€10,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,086 | -€1,049 | -€10,134 |
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 12 October 2026 via checked.be.