PLAN A 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.
PLAN A PROJECTS
Largest movements
- Receivables within one year +€248,383
up €248,383 (+1,242%), from €20,000 to €268,383
- Stocks and contracts -€225,185
down €225,185 (-14.7%), from €1.5m to €1.3m
- Tangible fixed assets -€117,661
down €117,661 (-67.3%), from €174,743 to €57,082
of which Land and buildings: -€112,388
- Deferred charges and accrued income -€18,113
no longer reported in 2025 (was €18,113)
- Current portion of long-term debt -€124,070
down €124,070 (-38.3%), from €324,070 to €200,000
- Debts after one year -€101,624
down €101,624 (-7.0%), from €1.4m to €1.3m
of which Financial debts: -€104,556
- Profit (loss) carried forward +€85,487
up €85,487 (+19.7%), from -€434,735 to -€349,248
- Tax, wage and social debts +€26,334
up €26,334 (+358%), from €7,364 to €33,698
of which Taxes: +€13,974
- Gross operating margin +€260,882
up €260,882, from -€135,743 to €125,139
- Other operating charges +€11,505
up €11,505 (+807%), from €1,426 to €12,930
- Financial charges +€5,774
up €5,774 (+50.4%), from €11,455 to €17,229
- Depreciation -€3,000
down €3,000 (-36.3%), from €8,273 to €5,274
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 | €1,786,212 | €1,663,577 | -€122,635 | -6.9% |
| Fixed assets | 21/28 | €179,243 | €57,082 | -€122,161 | -68.2% |
| Tangible fixed assets | 22/27 | €174,743 | €57,082 | -€117,661 | -67.3% |
| Land and buildings | 22 | €154,984 | €42,597 | -€112,388 | -72.5% |
| Plant, machinery and equipment | 23 | €3,410 | €2,179 | -€1,231 | -36.1% |
| Other tangible fixed assets | 26 | €16,348 | €12,305 | -€4,043 | -24.7% |
| Financial fixed assets | 28 | €4,500 | - | -€4,500 | |
| Current assets | 29/58 | €1,606,969 | €1,606,495 | -€474 | 0.0% |
| Stocks and contracts in progress | 3 | €1,530,167 | €1,304,982 | -€225,185 | -14.7% |
| Stocks | 30/36 | €1,530,167 | €1,304,982 | -€225,185 | -14.7% |
| Amounts receivable within one year | 40/41 | €20,000 | €268,383 | +€248,383 | +1,242% |
| Trade receivables | 40 | €20,000 | €268,383 | +€248,383 | +1,242% |
| Cash at bank and in hand | 54/58 | €38,690 | €33,130 | -€5,560 | -14.4% |
| Deferred charges and accrued income | 490/1 | €18,113 | - | -€18,113 | |
| Total equity and liabilities | 10/49 | €1,786,212 | €1,663,577 | -€122,635 | -6.9% |
| Equity | 10/15 | -€298,166 | -€212,680 | +€85,487 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,968 | €117,968 | = | 0.0% |
| 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 | €116,108 | €116,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€434,735 | -€349,248 | +€85,487 | +19.7% |
| Amounts payable | 17/49 | €2,084,378 | €1,876,256 | -€208,122 | -10.0% |
| Amounts payable after more than one year | 17 | €1,443,784 | €1,342,160 | -€101,624 | -7.0% |
| Financial debts | 170/4 | €1,442,050 | €1,337,494 | -€104,556 | -7.3% |
| Other amounts payable | 178/9 | €1,734 | €4,666 | +€2,932 | +169% |
| Amounts payable within one year | 42/48 | €640,595 | €534,096 | -€106,499 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €324,070 | €200,000 | -€124,070 | -38.3% |
| Trade debts | 44 | €7,640 | €7,425 | -€215 | -2.8% |
| Suppliers | 440/4 | €7,640 | €7,425 | -€215 | -2.8% |
| Taxes, remuneration and social security | 45 | €7,364 | €33,698 | +€26,334 | +358% |
| Taxes | 450/3 | €7,364 | €21,338 | +€13,974 | +190% |
| Remuneration and social security | 454/9 | - | €12,360 | +€12,360 | |
| Other amounts payable | 47/48 | €301,521 | €292,973 | -€8,548 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,273 | €5,274 | -€3,000 | -36.3% |
| Other operating charges | 640/8 | €1,426 | €12,930 | +€11,505 | +807% |
| Non-recurring operating charges | 66A | €9,453 | €4,219 | -€5,233 | -55.4% |
| Gross operating margin | 9900 | -€135,743 | €125,139 | +€260,882 | |
| Operating profit (loss) | 9901 | -€154,895 | €102,716 | +€257,610 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,455 | €17,229 | +€5,774 | +50.4% |
| Recurring financial charges | 65 | €11,455 | €17,229 | +€5,774 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | -€166,350 | €85,487 | +€251,836 | |
| Profit (loss) for the period | 9904 | -€166,350 | €85,487 | +€251,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€166,350 | €85,487 | +€251,836 |
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 23 October 2026 via checked.be.