PROJETO: what changed
PROJETO
Largest movements
- Receivables within one year +€14,864
up €14,864 (+110%), from €13,551 to €28,415
- Tangible fixed assets +€3,015
up €3,015 (+7.6%), from €39,618 to €42,634
of which Furniture and vehicles: +€8,529
- Cash +€1,412
up €1,412 (+2.1%), from €66,385 to €67,798
mainly Other debts (+€27,399) and Net result for the year (+€14,263)
- Other debts +€27,399
up €27,399 (+50,524%), from €54 to €27,453
- Reserves -€11,737
down €11,737 (-14.9%), from €78,860 to €67,123
of which Distributable reserves: -€11,737
- Tax, wage and social debts +€3,382
up €3,382 (+47.8%), from €7,075 to €10,457
- Gross operating margin +€6,887
up €6,887 (+26.1%), from €26,372 to €33,259
- Taxes +€6,044
up €6,044 (+1,392%), from €434 to €6,478
- Depreciation +€2,405
up €2,405 (+29.9%), from €8,039 to €10,444
- Other operating charges +€536
up €536 (+40.8%), from €1,314 to €1,851
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,468 | €140,047 | +€19,580 | +16.3% |
| Fixed assets | 21/28 | €39,874 | €42,890 | +€3,015 | +7.6% |
| Tangible fixed assets | 22/27 | €39,618 | €42,634 | +€3,015 | +7.6% |
| Furniture and vehicles | 24 | €3,077 | €11,606 | +€8,529 | +277% |
| Other tangible fixed assets | 26 | €36,541 | €31,028 | -€5,513 | -15.1% |
| Financial fixed assets | 28 | €256 | €256 | = | 0.0% |
| Current assets | 29/58 | €80,593 | €97,157 | +€16,564 | +20.6% |
| Amounts receivable within one year | 40/41 | €13,551 | €28,415 | +€14,864 | +110% |
| Trade receivables | 40 | €13,551 | €28,415 | +€14,864 | +110% |
| Cash at bank and in hand | 54/58 | €66,385 | €67,798 | +€1,412 | +2.1% |
| Deferred charges and accrued income | 490/1 | €657 | €945 | +€288 | +43.8% |
| Total equity and liabilities | 10/49 | €120,468 | €140,047 | +€19,580 | +16.3% |
| Equity | 10/15 | €112,364 | €100,627 | -€11,737 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,860 | €67,123 | -€11,737 | -14.9% |
| 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 | €77,000 | €65,263 | -€11,737 | -15.2% |
| Profit (loss) carried forward | 14 | €27,304 | €27,304 | = | 0.0% |
| Amounts payable | 17/49 | €8,103 | €39,420 | +€31,317 | +386% |
| Amounts payable within one year | 42/48 | €8,103 | €39,420 | +€31,317 | +386% |
| Trade debts | 44 | €974 | €1,509 | +€536 | +55.0% |
| Suppliers | 440/4 | €974 | €1,509 | +€536 | +55.0% |
| Taxes, remuneration and social security | 45 | €7,075 | €10,457 | +€3,382 | +47.8% |
| Taxes | 450/3 | €7,075 | €10,457 | +€3,382 | +47.8% |
| Other amounts payable | 47/48 | €54 | €27,453 | +€27,399 | +50,524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,039 | €10,444 | +€2,405 | +29.9% |
| Other operating charges | 640/8 | €1,314 | €1,851 | +€536 | +40.8% |
| Gross operating margin | 9900 | €26,372 | €33,259 | +€6,887 | +26.1% |
| Operating profit (loss) | 9901 | €17,018 | €20,964 | +€3,946 | +23.2% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €215 | €223 | +€8 | +3.7% |
| Recurring financial charges | 65 | €215 | €223 | +€8 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €16,808 | €20,740 | +€3,932 | +23.4% |
| Income taxes | 67/77 | €434 | €6,478 | +€6,044 | +1,392% |
| Profit (loss) for the period | 9904 | €16,374 | €14,263 | -€2,112 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,374 | €14,263 | -€2,112 | -12.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.