THE PROJECT HOUSE: what changed
What changed
THE PROJECT HOUSE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€77,653
2024 · €65,658+€11,995
Equity
€219,891
2024 · €593,232-€373,340
Cash
€128,096
2024 · €128,568-€473
Balance sheet total
€686,696
2024 · €608,856+€77,840
Largest movements
Assets
- Tangible fixed assets +€65,410
up €65,410 (+59.8%), from €109,391 to €174,800
of which Furniture and vehicles: +€65,428
- Receivables within one year +€10,136
up €10,136 (+74.5%), from €13,613 to €23,748
Equity and liabilities
- Other debts +€425,934
up €425,934 (+21,685%), from €1,964 to €427,898
- Reserves -€373,340
down €373,340 (-64.3%), from €580,832 to €207,491
- Tax, wage and social debts +€22,444
up €22,444 (+198%), from €11,324 to €33,769
Income statement
- Gross operating margin +€14,834
up €14,834 (+16.6%), from €89,609 to €104,442
- Taxes +€4,245
up €4,245 (+16.7%), from €25,423 to €29,668
- Financial income +€1,871
up €1,871 (+22.5%), from €8,305 to €10,175
of which Non-recurring financial income: +€6,154
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€65,658
Gross operating margin
+€14,834
Depreciation
-€658
Other operating charges
+€195
Financial income
+€1,871
Financial charges
-€1
Taxes
-€4,245
Result 2025
€77,653
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€524,362
Investment
-€73,841
Financing
-€450,993
Cash 2024
€128,568
From operations (derived)
+€524,362
Net result for the year
+€77,653
Depreciation
+€5,622
Receivables within one year
-€10,136
Deferred charges and accrued income
+€42
Trade debts
+€2,802
Tax, wage and social debts
+€22,444
Other debts
+€425,934
Investment (derived)
-€73,841
Investment in fixed assets (net)
-€71,032
Current investments
-€2,809
Financing
-€450,993
Contributions, distributions and other
-€450,993
Cash 2025
€128,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,856 | €686,696 | +€77,840 | +12.8% |
| Fixed assets | 21/28 | €109,391 | €174,800 | +€65,410 | +59.8% |
| Tangible fixed assets | 22/27 | €109,391 | €174,800 | +€65,410 | +59.8% |
| Land and buildings | 22 | €108,012 | €104,493 | -€3,519 | -3.3% |
| Plant, machinery and equipment | 23 | €1,378 | €4,879 | +€3,501 | +254% |
| Furniture and vehicles | 24 | - | €65,428 | +€65,428 | |
| Current assets | 29/58 | €499,465 | €511,896 | +€12,431 | +2.5% |
| Amounts receivable within one year | 40/41 | €13,613 | €23,748 | +€10,136 | +74.5% |
| Trade receivables | 40 | €13,613 | €23,748 | +€10,136 | +74.5% |
| Current investments | 50/53 | €355,811 | €358,620 | +€2,809 | +0.8% |
| Cash at bank and in hand | 54/58 | €128,568 | €128,096 | -€473 | -0.4% |
| Deferred charges and accrued income | 490/1 | €1,474 | €1,432 | -€42 | -2.8% |
| Total equity and liabilities | 10/49 | €608,856 | €686,696 | +€77,840 | +12.8% |
| Equity | 10/15 | €593,232 | €219,891 | -€373,340 | -62.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €580,832 | €207,491 | -€373,340 | -64.3% |
| Distributable reserves | 133 | €580,832 | €207,491 | -€373,340 | -64.3% |
| Amounts payable | 17/49 | €15,624 | €466,805 | +€451,180 | +2,888% |
| Amounts payable after more than one year | 17 | €1,250 | €1,250 | = | 0.0% |
| Financial debts | 170/4 | €1,250 | €1,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,374 | €465,555 | +€451,180 | +3,139% |
| Trade debts | 44 | €1,086 | €3,888 | +€2,802 | +258% |
| Suppliers | 440/4 | €1,086 | €3,888 | +€2,802 | +258% |
| Taxes, remuneration and social security | 45 | €11,324 | €33,769 | +€22,444 | +198% |
| Taxes | 450/3 | €11,324 | €33,769 | +€22,444 | +198% |
| Other amounts payable | 47/48 | €1,964 | €427,898 | +€425,934 | +21,685% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,965 | €5,622 | +€658 | +13.2% |
| Other operating charges | 640/8 | €1,795 | €1,601 | -€195 | -10.8% |
| Gross operating margin | 9900 | €89,609 | €104,442 | +€14,834 | +16.6% |
| Operating profit (loss) | 9901 | €82,848 | €97,219 | +€14,371 | +17.3% |
| Financial income | 75/76B | €8,305 | €10,175 | +€1,871 | +22.5% |
| Recurring financial income | 75 | €8,305 | €4,022 | -€4,283 | -51.6% |
| Non-recurring financial income | 76B | - | €6,154 | +€6,154 | |
| Financial charges | 65/66B | €72 | €73 | +€1 | +1.7% |
| Recurring financial charges | 65 | €72 | €73 | +€1 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €91,081 | €107,321 | +€16,240 | +17.8% |
| Income taxes | 67/77 | €25,423 | €29,668 | +€4,245 | +16.7% |
| Profit (loss) for the period | 9904 | €65,658 | €77,653 | +€11,995 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,658 | €77,653 | +€11,995 | +18.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.