VE PROJECTEN: 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.
VE PROJECTEN
Largest movements
- Cash +€14,012
up €14,012 (+63.1%), from €22,212 to €36,224
mainly Net result for the year (+€11,274) and Receivables within one year (+€3,471)
- Receivables within one year -€3,471
down €3,471 (-59.9%), from €5,793 to €2,322
of which Other amounts receivable: -€2,561
- Reserves +€11,274
up €11,274 (+51.8%), from €21,773 to €33,046
- Tax, wage and social debts -€572
down €572 (-16.0%), from €3,572 to €3,000
- Gross operating margin -€13,466
down €13,466 (-48.1%), from €27,972 to €14,506
- Taxes -€2,558
down €2,558 (-45.9%), from €5,572 to €3,014
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 | €28,005 | €38,546 | +€10,541 | +37.6% |
| Current assets | 29/58 | €28,005 | €38,546 | +€10,541 | +37.6% |
| Amounts receivable within one year | 40/41 | €5,793 | €2,322 | -€3,471 | -59.9% |
| Trade receivables | 40 | €910 | €0 | -€910 | -100% |
| Other amounts receivable | 41 | €4,883 | €2,322 | -€2,561 | -52.4% |
| Cash at bank and in hand | 54/58 | €22,212 | €36,224 | +€14,012 | +63.1% |
| Total equity and liabilities | 10/49 | €28,005 | €38,546 | +€10,541 | +37.6% |
| Equity | 10/15 | €24,273 | €35,546 | +€11,274 | +46.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,773 | €33,046 | +€11,274 | +51.8% |
| Distributable reserves | 133 | €21,773 | €33,046 | +€11,274 | +51.8% |
| Amounts payable | 17/49 | €3,733 | €3,000 | -€733 | -19.6% |
| Amounts payable within one year | 42/48 | €3,733 | €3,000 | -€733 | -19.6% |
| Trade debts | 44 | €160 | €0 | -€160 | -100% |
| Suppliers | 440/4 | €160 | €0 | -€160 | -100% |
| Taxes, remuneration and social security | 45 | €3,572 | €3,000 | -€572 | -16.0% |
| Taxes | 450/3 | €3,572 | €3,000 | -€572 | -16.0% |
| Other operating charges | 640/8 | €447 | €202 | -€245 | -54.7% |
| Gross operating margin | 9900 | €27,972 | €14,506 | -€13,466 | -48.1% |
| Operating profit (loss) | 9901 | €27,525 | €14,304 | -€13,221 | -48.0% |
| Financial income | 75/76B | €0 | €153 | +€152 | +42,283% |
| Recurring financial income | 75 | €0 | €153 | +€152 | +42,283% |
| Financial charges | 65/66B | €181 | €169 | -€12 | -6.7% |
| Recurring financial charges | 65 | €181 | €169 | -€12 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €27,345 | €14,288 | -€13,057 | -47.7% |
| Income taxes | 67/77 | €5,572 | €3,014 | -€2,558 | -45.9% |
| Profit (loss) for the period | 9904 | €21,773 | €11,274 | -€10,499 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,773 | €11,274 | -€10,499 | -48.2% |
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.