Unlimited 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.
Unlimited Projects
Largest movements
- Receivables within one year -€44,757
down €44,757 (-30.6%), from €146,452 to €101,695
of which Other amounts receivable: -€23,145
- Deferred charges and accrued income -€22,709
down €22,709 (-20.8%), from €109,302 to €86,593
- Cash -€9,067
down €9,067 (-95.6%), from €9,485 to €417
mainly Trade debts (-€42,052) and Debts after one year (-€12,572)
- Tangible fixed assets -€3,051
down €3,051 (-30.2%), from €10,117 to €7,066
- Trade debts -€42,052
down €42,052 (-57.7%), from €72,938 to €30,886
- Debts after one year -€12,572
down €12,572 (-29.7%), from €42,345 to €29,773
- Current portion of long-term debt -€8,560
down €8,560 (-36.7%), from €23,355 to €14,794
- Short-term financial debts -€8,153
down €8,153 (-13.9%), from €58,535 to €50,382
- Reserves -€6,247
down €6,247 (-12.7%), from €49,221 to €42,974
of which Distributable reserves: -€6,247
- Other operating charges +€11,995
up €11,995 (+175%), from €6,851 to €18,846
- Gross operating margin +€10,901
up €10,901 (+39.5%), from €27,581 to €38,482
- Financial charges +€2,244
up €2,244 (+17.2%), from €13,067 to €15,312
- Depreciation -€1,199
down €1,199 (-28.2%), from €4,250 to €3,051
- Taxes -€599
down €599 (-19.5%), from €3,079 to €2,479
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 | €294,103 | €209,140 | -€84,962 | -28.9% |
| Fixed assets | 21/28 | €12,617 | €7,066 | -€5,551 | -44.0% |
| Tangible fixed assets | 22/27 | €10,117 | €7,066 | -€3,051 | -30.2% |
| Plant, machinery and equipment | 23 | €10,117 | €7,066 | -€3,051 | -30.2% |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €281,486 | €202,074 | -€79,411 | -28.2% |
| Stocks and contracts in progress | 3 | €16,247 | €13,369 | -€2,878 | -17.7% |
| Stocks | 30/36 | €16,247 | €13,369 | -€2,878 | -17.7% |
| Amounts receivable within one year | 40/41 | €146,452 | €101,695 | -€44,757 | -30.6% |
| Trade receivables | 40 | €32,287 | €10,675 | -€21,612 | -66.9% |
| Other amounts receivable | 41 | €114,165 | €91,020 | -€23,145 | -20.3% |
| Cash at bank and in hand | 54/58 | €9,485 | €417 | -€9,067 | -95.6% |
| Deferred charges and accrued income | 490/1 | €109,302 | €86,593 | -€22,709 | -20.8% |
| Total equity and liabilities | 10/49 | €294,103 | €209,140 | -€84,962 | -28.9% |
| Equity | 10/15 | €67,821 | €61,574 | -€6,247 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,221 | €42,974 | -€6,247 | -12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,361 | €41,114 | -€6,247 | -13.2% |
| Amounts payable | 17/49 | €226,282 | €147,567 | -€78,716 | -34.8% |
| Amounts payable after more than one year | 17 | €42,345 | €29,773 | -€12,572 | -29.7% |
| Financial debts | 170/4 | €42,345 | €29,773 | -€12,572 | -29.7% |
| Amounts payable within one year | 42/48 | €180,538 | €114,394 | -€66,144 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €23,355 | €14,794 | -€8,560 | -36.7% |
| Financial debts | 43 | €58,535 | €50,382 | -€8,153 | -13.9% |
| Credit institutions | 430/8 | €58,535 | €50,382 | -€8,153 | -13.9% |
| Trade debts | 44 | €72,938 | €30,886 | -€42,052 | -57.7% |
| Suppliers | 440/4 | €72,938 | €30,886 | -€42,052 | -57.7% |
| Taxes, remuneration and social security | 45 | €13,710 | €9,331 | -€4,378 | -31.9% |
| Taxes | 450/3 | €13,710 | €9,331 | -€4,378 | -31.9% |
| Other amounts payable | 47/48 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Accrued charges and deferred income | 492/3 | €3,400 | €3,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,250 | €3,051 | -€1,199 | -28.2% |
| Other operating charges | 640/8 | €6,851 | €18,846 | +€11,995 | +175% |
| Gross operating margin | 9900 | €27,581 | €38,482 | +€10,901 | +39.5% |
| Operating profit (loss) | 9901 | €16,480 | €16,585 | +€105 | +0.6% |
| Financial income | 75/76B | €6,000 | €6,092 | +€92 | +1.5% |
| Recurring financial income | 75 | €6,000 | €6,092 | +€92 | +1.5% |
| Financial charges | 65/66B | €13,067 | €15,312 | +€2,244 | +17.2% |
| Recurring financial charges | 65 | €13,067 | €15,312 | +€2,244 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €9,413 | €7,366 | -€2,047 | -21.7% |
| Income taxes | 67/77 | €3,079 | €2,479 | -€599 | -19.5% |
| Profit (loss) for the period | 9904 | €6,334 | €4,886 | -€1,448 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,334 | €4,886 | -€1,448 | -22.9% |
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 15 October 2026 via checked.be.