TEAM PROJECT: 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.
TEAM PROJECT
Largest movements
- Stocks and contracts +€25,330
up €25,330 (+2.6%), from €983,312 to €1.0m
- Debts after one year -€142,008
no longer reported in 2025 (was €142,008)
- Short-term financial debts +€136,888
new in 2025: €136,888
- Other debts +€30,000
up €30,000 (+2.7%), from €1.1m to €1.1m
- Financial charges -€3,681
down €3,681 (-37.2%), from €9,907 to €6,226
- Gross operating margin +€3,267
up €3,267 (+57.4%), from -€5,693 to -€2,426
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 | €1,015,657 | €1,032,795 | +€17,137 | +1.7% |
| Current assets | 29/58 | €1,015,657 | €1,032,795 | +€17,137 | +1.7% |
| Stocks and contracts in progress | 3 | €983,312 | €1,008,642 | +€25,330 | +2.6% |
| Stocks | 30/36 | €983,312 | €1,008,642 | +€25,330 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,135 | €672 | -€463 | -40.8% |
| Other amounts receivable | 41 | €1,135 | €672 | -€463 | -40.8% |
| Cash at bank and in hand | 54/58 | €31,129 | €23,422 | -€7,707 | -24.8% |
| Deferred charges and accrued income | 490/1 | €82 | €59 | -€23 | -27.9% |
| Total equity and liabilities | 10/49 | €1,015,657 | €1,032,795 | +€17,137 | +1.7% |
| Equity | 10/15 | -€242,124 | -€251,632 | -€9,508 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,724 | -€270,232 | -€9,508 | -3.6% |
| Amounts payable | 17/49 | €1,257,781 | €1,284,427 | +€26,645 | +2.1% |
| Amounts payable after more than one year | 17 | €142,008 | - | -€142,008 | |
| Financial debts | 170/4 | €142,008 | - | -€142,008 | |
| Amounts payable within one year | 42/48 | €1,115,773 | €1,284,358 | +€168,585 | +15.1% |
| Financial debts | 43 | - | €136,888 | +€136,888 | |
| Credit institutions | 430/8 | - | €136,888 | +€136,888 | |
| Trade debts | 44 | €305 | €2,001 | +€1,696 | +556.9% |
| Suppliers | 440/4 | €305 | €2,001 | +€1,696 | +556.9% |
| Other amounts payable | 47/48 | €1,115,469 | €1,145,469 | +€30,000 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €69 | +€69 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€5,693 | -€2,426 | +€3,267 | +57.4% |
| Operating profit (loss) | 9901 | -€6,660 | -€3,425 | +€3,236 | +48.6% |
| Financial income | 75/76B | €192 | €142 | -€50 | -26.0% |
| Recurring financial income | 75 | €192 | €142 | -€50 | -26.0% |
| Financial charges | 65/66B | €9,907 | €6,226 | -€3,681 | -37.2% |
| Recurring financial charges | 65 | €9,907 | €6,226 | -€3,681 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,375 | -€9,508 | +€6,867 | +41.9% |
| Profit (loss) for the period | 9904 | -€16,375 | -€9,508 | +€6,867 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,375 | -€9,508 | +€6,867 | +41.9% |
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.