IMMO PROJECTUM: 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.
IMMO PROJECTUM
Largest movements
- Receivables within one year +€10,198
up €10,198 (+15.8%), from €64,606 to €74,804
of which Other amounts receivable: +€10,198
- Cash +€9,284
up €9,284 (+9.0%), from €103,377 to €112,661
mainly Net result for the year (+€6,769) and Stocks and contracts (+€6,252)
- Stocks and contracts -€6,252
down €6,252 (-10.2%), from €61,173 to €54,922
- Tangible fixed assets -€6,000
down €6,000 (-55.1%), from €10,895 to €4,895
of which Furniture and vehicles: -€6,000
- Profit (loss) carried forward +€6,769
up €6,769 (+21.5%), from -€31,533 to -€24,764
- Gross operating margin -€384,994
down €384,994 (-90.3%), from €426,289 to €41,295
- Other operating charges +€14,024
up €14,024 (+80.5%), from €17,411 to €31,434
- Financial charges -€7,421
down €7,421 (-99.0%), from €7,499 to €78
- Depreciation +€4,895
up €4,895 (+443%), from €1,106 to €6,000
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 | €246,163 | €253,815 | +€7,653 | +3.1% |
| Fixed assets | 21/28 | €10,895 | €4,895 | -€6,000 | -55.1% |
| Tangible fixed assets | 22/27 | €10,895 | €4,895 | -€6,000 | -55.1% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,895 | €4,895 | -€6,000 | -55.1% |
| Current assets | 29/58 | €235,268 | €248,921 | +€13,653 | +5.8% |
| Stocks and contracts in progress | 3 | €61,173 | €54,922 | -€6,252 | -10.2% |
| Stocks | 30/36 | €61,173 | €54,922 | -€6,252 | -10.2% |
| Amounts receivable within one year | 40/41 | €64,606 | €74,804 | +€10,198 | +15.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €64,606 | €74,804 | +€10,198 | +15.8% |
| Cash at bank and in hand | 54/58 | €103,377 | €112,661 | +€9,284 | +9.0% |
| Deferred charges and accrued income | 490/1 | €6,111 | €6,534 | +€422 | +6.9% |
| Total equity and liabilities | 10/49 | €246,163 | €253,815 | +€7,653 | +3.1% |
| Equity | 10/15 | €244,507 | €251,276 | +€6,769 | +2.8% |
| Contributions | 10/11 | €276,040 | €276,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,533 | -€24,764 | +€6,769 | +21.5% |
| Amounts payable | 17/49 | €1,656 | €2,540 | +€884 | +53.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,656 | €2,540 | +€884 | +53.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €790 | €1,089 | +€299 | +37.8% |
| Suppliers | 440/4 | €790 | €1,089 | +€299 | +37.8% |
| Taxes, remuneration and social security | 45 | €866 | €1,451 | +€585 | +67.5% |
| Taxes | 450/3 | €866 | €1,451 | +€585 | +67.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €344,329 | €0 | -€344,329 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €6,000 | +€4,895 | +443% |
| Other operating charges | 640/8 | €17,411 | €31,434 | +€14,024 | +80.5% |
| Gross operating margin | 9900 | €426,289 | €41,295 | -€384,994 | -90.3% |
| Operating profit (loss) | 9901 | €407,773 | €3,860 | -€403,913 | -99.1% |
| Financial income | 75/76B | €3,821 | €3,698 | -€123 | -3.2% |
| Recurring financial income | 75 | €3,821 | €3,698 | -€123 | -3.2% |
| Financial charges | 65/66B | €7,499 | €78 | -€7,421 | -99.0% |
| Recurring financial charges | 65 | €7,499 | €78 | -€7,421 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €404,095 | €7,480 | -€396,615 | -98.1% |
| Income taxes | 67/77 | €739 | €712 | -€28 | -3.8% |
| Profit (loss) for the period | 9904 | €403,356 | €6,769 | -€396,587 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €403,356 | €6,769 | -€396,587 | -98.3% |
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 20 October 2026 via checked.be.