VS 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.
VS PROJECTS
Largest movements
- Receivables within one year +€34,115
up €34,115 (+86.8%), from €39,284 to €73,399
of which Other amounts receivable: +€34,115
- Cash -€3,701
down €3,701 (-97.4%), from €3,801 to €100
mainly Receivables within one year (-€34,115) and Net result for the year (-€14,446)
- Other debts +€44,954
up €44,954 (+890.8%), from €5,046 to €50,000
- Profit (loss) carried forward -€14,446
down €14,446, from €7,814 to -€6,632
- Tax, wage and social debts -€3,188
no longer reported in 2024 (was €3,188)
- Trade debts +€3,094
up €3,094 (+31.2%), from €9,930 to €13,024
- Gross operating margin -€8,641
down €8,641 (-173.5%), from -€4,979 to -€13,620
- Other operating charges -€182
down €182 (-22.9%), from €796 to €614
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,578 | €74,992 | +€30,413 | +68.2% |
| Fixed assets | 21/28 | €1,493 | €1,493 | = | 0.0% |
| Financial fixed assets | 28 | €1,493 | €1,493 | = | 0.0% |
| Current assets | 29/58 | €43,085 | €73,499 | +€30,413 | +70.6% |
| Amounts receivable within one year | 40/41 | €39,284 | €73,399 | +€34,115 | +86.8% |
| Trade receivables | 40 | €3,788 | €3,788 | = | 0.0% |
| Other amounts receivable | 41 | €35,496 | €69,611 | +€34,115 | +96.1% |
| Cash at bank and in hand | 54/58 | €3,801 | €100 | -€3,701 | -97.4% |
| Total equity and liabilities | 10/49 | €44,578 | €74,992 | +€30,413 | +68.2% |
| Equity | 10/15 | €26,414 | €11,968 | -€14,446 | -54.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,814 | -€6,632 | -€14,446 | |
| Amounts payable | 17/49 | €18,164 | €63,024 | +€44,859 | +247.0% |
| Amounts payable within one year | 42/48 | €18,164 | €63,024 | +€44,859 | +247.0% |
| Trade debts | 44 | €9,930 | €13,024 | +€3,094 | +31.2% |
| Suppliers | 440/4 | €9,930 | €13,024 | +€3,094 | +31.2% |
| Taxes, remuneration and social security | 45 | €3,188 | - | -€3,188 | |
| Taxes | 450/3 | €3,188 | - | -€3,188 | |
| Other amounts payable | 47/48 | €5,046 | €50,000 | +€44,954 | +890.8% |
| Other operating charges | 640/8 | €796 | €614 | -€182 | -22.9% |
| Gross operating margin | 9900 | -€4,979 | -€13,620 | -€8,641 | -173.5% |
| Operating profit (loss) | 9901 | -€5,775 | -€14,233 | -€8,459 | -146.5% |
| Financial income | 75/76B | €165 | €32 | -€133 | -80.4% |
| Recurring financial income | 75 | €165 | €32 | -€133 | -80.4% |
| Financial charges | 65/66B | €335 | €245 | -€90 | -26.9% |
| Recurring financial charges | 65 | €335 | €245 | -€90 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,944 | -€14,446 | -€8,502 | -143.0% |
| Profit (loss) for the period | 9904 | -€5,944 | -€14,446 | -€8,502 | -143.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,944 | -€14,446 | -€8,502 | -143.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.