TOTAL PROJECT SERVICE: 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.
TOTAL PROJECT SERVICE
Largest movements
- Stocks and contracts +€18,236
up €18,236 (+60.1%), from €30,336 to €48,572
- Cash +€9,741
up €9,741 (+641%), from €1,519 to €11,260
mainly Trade debts (+€17,198) and Net result for the year (+€6,418)
- Tangible fixed assets -€5,197
down €5,197 (-35.5%), from €14,620 to €9,424
of which Furniture and vehicles: -€3,495
- Trade debts +€17,198
up €17,198 (+237%), from €7,253 to €24,451
- Reserves +€6,418
up €6,418 (+94.1%), from €6,822 to €13,240
- Debts after one year -€3,610
down €3,610 (-10.3%), from €35,010 to €31,400
- Other debts +€2,941
up €2,941 (+90.4%), from €3,253 to €6,193
- Current portion of long-term debt -€1,573
down €1,573 (-30.3%), from €5,183 to €3,610
- Gross operating margin +€7,281
up €7,281 (+55.2%), from €13,188 to €20,469
- Other operating charges -€5,123
down €5,123 (-62.6%), from €8,181 to €3,059
- Write-downs +€4,839
up €4,839, from -€4,839 to €0
- Taxes +€1,810
up €1,810 (+201%), from €902 to €2,711
- Depreciation +€244
up €244 (+4.4%), from €5,563 to €5,807
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 | €76,650 | €98,410 | +€21,760 | +28.4% |
| Fixed assets | 21/28 | €14,620 | €9,424 | -€5,197 | -35.5% |
| Tangible fixed assets | 22/27 | €14,620 | €9,424 | -€5,197 | -35.5% |
| Plant, machinery and equipment | 23 | €1,702 | €0 | -€1,702 | -100% |
| Furniture and vehicles | 24 | €12,919 | €9,424 | -€3,495 | -27.1% |
| Current assets | 29/58 | €62,030 | €88,987 | +€26,956 | +43.5% |
| Stocks and contracts in progress | 3 | €30,336 | €48,572 | +€18,236 | +60.1% |
| Stocks | 30/36 | €30,336 | €48,572 | +€18,236 | +60.1% |
| Amounts receivable within one year | 40/41 | €28,453 | €27,592 | -€861 | -3.0% |
| Trade receivables | 40 | €12,014 | €8,333 | -€3,682 | -30.6% |
| Other amounts receivable | 41 | €16,439 | €19,260 | +€2,821 | +17.2% |
| Cash at bank and in hand | 54/58 | €1,519 | €11,260 | +€9,741 | +641% |
| Deferred charges and accrued income | 490/1 | €1,722 | €1,562 | -€160 | -9.3% |
| Total equity and liabilities | 10/49 | €76,650 | €98,410 | +€21,760 | +28.4% |
| Equity | 10/15 | €25,422 | €31,840 | +€6,418 | +25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,822 | €13,240 | +€6,418 | +94.1% |
| Distributable reserves | 133 | €6,822 | €13,240 | +€6,418 | +94.1% |
| Amounts payable | 17/49 | €51,229 | €66,571 | +€15,342 | +29.9% |
| Amounts payable after more than one year | 17 | €35,010 | €31,400 | -€3,610 | -10.3% |
| Financial debts | 170/4 | €35,010 | €31,400 | -€3,610 | -10.3% |
| Amounts payable within one year | 42/48 | €16,219 | €35,171 | +€18,952 | +117% |
| Current portion of amounts payable after more than one year | 42 | €5,183 | €3,610 | -€1,573 | -30.3% |
| Trade debts | 44 | €7,253 | €24,451 | +€17,198 | +237% |
| Suppliers | 440/4 | €7,253 | €24,451 | +€17,198 | +237% |
| Advances received on contracts in progress | 46 | - | €25 | +€25 | |
| Taxes, remuneration and social security | 45 | €530 | €891 | +€361 | +68.2% |
| Taxes | 450/3 | €530 | €891 | +€361 | +68.2% |
| Other amounts payable | 47/48 | €3,253 | €6,193 | +€2,941 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,563 | €5,807 | +€244 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,839 | €0 | +€4,839 | |
| Other operating charges | 640/8 | €8,181 | €3,059 | -€5,123 | -62.6% |
| Gross operating margin | 9900 | €13,188 | €20,469 | +€7,281 | +55.2% |
| Operating profit (loss) | 9901 | €4,283 | €11,603 | +€7,320 | +171% |
| Financial income | 75/76B | €116 | €1 | -€116 | -99.5% |
| Recurring financial income | 75 | €116 | €1 | -€116 | -99.5% |
| Financial charges | 65/66B | €2,567 | €2,474 | -€92 | -3.6% |
| Recurring financial charges | 65 | €2,567 | €2,474 | -€92 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €1,832 | €9,129 | +€7,297 | +398% |
| Income taxes | 67/77 | €902 | €2,711 | +€1,810 | +201% |
| Profit (loss) for the period | 9904 | €931 | €6,418 | +€5,487 | +589% |
| Profit (loss) for the period to be appropriated | 9905 | €931 | €6,418 | +€5,487 | +589% |
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.