PROJECTRUNNER: what changed
PROJECTRUNNER
Largest movements
- Cash +€10,684
up €10,684 (+36.8%), from €29,067 to €39,751
mainly Net result for the year (+€25,286) and Tax, wage and social debts (+€10,113)
- Receivables within one year -€3,433
down €3,433 (-15.5%), from €22,198 to €18,764
of which Trade receivables: -€9,868
- Tangible fixed assets -€2,942
down €2,942 (-21.3%), from €13,834 to €10,892
of which Furniture and vehicles: -€4,457
- Deferred charges and accrued income -€968
down €968 (-50.0%), from €1,934 to €967
- Tax, wage and social debts +€10,113
up €10,113 (+146%), from €6,935 to €17,048
- Other debts -€3,347
down €3,347 (-11.7%), from €28,633 to €25,286
- Debts after one year -€2,830
down €2,830 (-55.9%), from €5,061 to €2,232
- Current portion of long-term debt -€2,401
down €2,401 (-45.9%), from €5,230 to €2,830
- Trade debts +€1,806
up €1,806 (+70.2%), from €2,573 to €4,379
- Gross operating margin +€5,094
up €5,094 (+13.0%), from €39,080 to €44,173
- Taxes +€1,082
up €1,082 (+16.0%), from €6,759 to €7,842
- Financial charges +€1,016
up €1,016 (+58.6%), from €1,735 to €2,751
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 | €67,033 | €70,374 | +€3,341 | +5.0% |
| Fixed assets | 21/28 | €13,834 | €10,892 | -€2,942 | -21.3% |
| Tangible fixed assets | 22/27 | €13,834 | €10,892 | -€2,942 | -21.3% |
| Plant, machinery and equipment | 23 | - | €1,515 | +€1,515 | |
| Furniture and vehicles | 24 | €13,834 | €9,377 | -€4,457 | -32.2% |
| Current assets | 29/58 | €53,199 | €59,482 | +€6,283 | +11.8% |
| Amounts receivable within one year | 40/41 | €22,198 | €18,764 | -€3,433 | -15.5% |
| Trade receivables | 40 | €18,150 | €8,282 | -€9,868 | -54.4% |
| Other amounts receivable | 41 | €4,048 | €10,482 | +€6,434 | +159% |
| Cash at bank and in hand | 54/58 | €29,067 | €39,751 | +€10,684 | +36.8% |
| Deferred charges and accrued income | 490/1 | €1,934 | €967 | -€968 | -50.0% |
| Total equity and liabilities | 10/49 | €67,033 | €70,374 | +€3,341 | +5.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €48,433 | €51,774 | +€3,341 | +6.9% |
| Amounts payable after more than one year | 17 | €5,061 | €2,232 | -€2,830 | -55.9% |
| Financial debts | 170/4 | €5,061 | €2,232 | -€2,830 | -55.9% |
| Amounts payable within one year | 42/48 | €43,371 | €49,542 | +€6,171 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €5,230 | €2,830 | -€2,401 | -45.9% |
| Trade debts | 44 | €2,573 | €4,379 | +€1,806 | +70.2% |
| Suppliers | 440/4 | €2,573 | €4,379 | +€1,806 | +70.2% |
| Taxes, remuneration and social security | 45 | €6,935 | €17,048 | +€10,113 | +146% |
| Taxes | 450/3 | €6,935 | €17,048 | +€10,113 | +146% |
| Other amounts payable | 47/48 | €28,633 | €25,286 | -€3,347 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,674 | €7,612 | -€61 | -0.8% |
| Other operating charges | 640/8 | €787 | €891 | +€103 | +13.1% |
| Gross operating margin | 9900 | €39,080 | €44,173 | +€5,094 | +13.0% |
| Operating profit (loss) | 9901 | €30,619 | €35,671 | +€5,052 | +16.5% |
| Financial income | 75/76B | €257 | €208 | -€49 | -19.1% |
| Recurring financial income | 75 | €257 | €208 | -€49 | -19.1% |
| Financial charges | 65/66B | €1,735 | €2,751 | +€1,016 | +58.6% |
| Recurring financial charges | 65 | €1,735 | €2,751 | +€1,016 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €29,141 | €33,128 | +€3,987 | +13.7% |
| Income taxes | 67/77 | €6,759 | €7,842 | +€1,082 | +16.0% |
| Profit (loss) for the period | 9904 | €22,381 | €25,286 | +€2,905 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,381 | €25,286 | +€2,905 | +13.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.