E.G. Projecten: 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.
E.G. Projecten
Largest movements
- Tangible fixed assets -€79,412
down €79,412 (-8.0%), from €989,832 to €910,420
of which Land and buildings: -€40,948
- Receivables within one year +€24,871
up €24,871 (+74.4%), from €33,416 to €58,287
of which Trade receivables: +€32,436
- Cash -€18,822
down €18,822 (-7.7%), from €243,042 to €224,220
mainly Debts after one year (-€108,454) and Receivables within one year (-€24,871)
- Stocks and contracts -€17,061
down €17,061 (-49.1%), from €34,729 to €17,668
of which Stocks: -€13,661
- Debts after one year -€108,454
down €108,454 (-13.5%), from €800,641 to €692,187
of which Financial debts: -€108,454
- Gross operating margin -€13,722
down €13,722 (-6.5%), from €210,374 to €196,652
- Financial charges -€6,289
down €6,289 (-25.3%), from €24,862 to €18,573
of which Non-recurring financial charges: -€3,616
- Write-downs +€4,425
up €4,425 (+221%), from €2,000 to €6,425
- Financial income -€2,591
down €2,591 (-51.4%), from €5,045 to €2,454
of which Non-recurring financial income: -€3,186
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 | €1,309,235 | €1,218,599 | -€90,636 | -6.9% |
| Fixed assets | 21/28 | €990,332 | €910,920 | -€79,412 | -8.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €989,832 | €910,420 | -€79,412 | -8.0% |
| Land and buildings | 22 | €850,779 | €809,831 | -€40,948 | -4.8% |
| Plant, machinery and equipment | 23 | €29,318 | €13,991 | -€15,327 | -52.3% |
| Furniture and vehicles | 24 | €6,495 | €4,569 | -€1,926 | -29.7% |
| Leasing and similar rights | 25 | €103,240 | €82,029 | -€21,211 | -20.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €318,903 | €307,679 | -€11,224 | -3.5% |
| Stocks and contracts in progress | 3 | €34,729 | €17,668 | -€17,061 | -49.1% |
| Stocks | 30/36 | €31,329 | €17,668 | -€13,661 | -43.6% |
| Contracts in progress | 37 | €3,400 | €0 | -€3,400 | -100% |
| Amounts receivable within one year | 40/41 | €33,416 | €58,287 | +€24,871 | +74.4% |
| Trade receivables | 40 | €25,359 | €57,795 | +€32,436 | +128% |
| Other amounts receivable | 41 | €8,057 | €492 | -€7,565 | -93.9% |
| Cash at bank and in hand | 54/58 | €243,042 | €224,220 | -€18,822 | -7.7% |
| Deferred charges and accrued income | 490/1 | €7,716 | €7,504 | -€212 | -2.7% |
| Total equity and liabilities | 10/49 | €1,309,235 | €1,218,599 | -€90,636 | -6.9% |
| Equity | 10/15 | €365,804 | €376,767 | +€10,963 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €347,204 | €358,167 | +€10,963 | +3.2% |
| 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 | €345,344 | €356,307 | +€10,963 | +3.2% |
| Provisions and deferred taxes | 16 | €2,013 | €2,293 | +€280 | +13.9% |
| Provisions for liabilities and charges | 160/5 | €2,013 | €2,293 | +€280 | +13.9% |
| Other liabilities and charges | 164/5 | €2,013 | €2,293 | +€280 | +13.9% |
| Amounts payable | 17/49 | €941,418 | €839,539 | -€101,879 | -10.8% |
| Amounts payable after more than one year | 17 | €800,641 | €692,187 | -€108,454 | -13.5% |
| Financial debts | 170/4 | €548,956 | €440,502 | -€108,454 | -19.8% |
| Other amounts payable | 178/9 | €251,685 | €251,685 | = | 0.0% |
| Amounts payable within one year | 42/48 | €140,212 | €146,908 | +€6,696 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €110,558 | €108,454 | -€2,104 | -1.9% |
| Trade debts | 44 | €11,883 | €10,478 | -€1,405 | -11.8% |
| Suppliers | 440/4 | €11,883 | €10,478 | -€1,405 | -11.8% |
| Taxes, remuneration and social security | 45 | €2,660 | €13,309 | +€10,649 | +400% |
| Taxes | 450/3 | €784 | €9,557 | +€8,773 | +1,119% |
| Remuneration and social security | 454/9 | €1,876 | €3,752 | +€1,876 | +100% |
| Other amounts payable | 47/48 | €15,111 | €14,667 | -€444 | -2.9% |
| Accrued charges and deferred income | 492/3 | €565 | €444 | -€121 | -21.4% |
| Remuneration, social security and pensions | 62 | €58,495 | €59,211 | +€716 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,594 | €85,001 | -€1,593 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | €6,425 | +€4,425 | +221% |
| Other operating charges | 640/8 | €14,302 | €12,767 | -€1,535 | -10.7% |
| Gross operating margin | 9900 | €210,374 | €196,652 | -€13,722 | -6.5% |
| Operating profit (loss) | 9901 | €48,983 | €33,248 | -€15,735 | -32.1% |
| Financial income | 75/76B | €5,045 | €2,454 | -€2,591 | -51.4% |
| Recurring financial income | 75 | €1,109 | €1,704 | +€595 | +53.7% |
| Non-recurring financial income | 76B | €3,936 | €750 | -€3,186 | -80.9% |
| Financial charges | 65/66B | €24,862 | €18,573 | -€6,289 | -25.3% |
| Recurring financial charges | 65 | €21,246 | €18,573 | -€2,673 | -12.6% |
| Non-recurring financial charges | 66B | €3,616 | - | -€3,616 | |
| Profit (loss) for the period before taxes | 9903 | €29,166 | €17,129 | -€12,037 | -41.3% |
| Income taxes | 67/77 | €6,129 | €5,336 | -€793 | -12.9% |
| Profit (loss) for the period | 9904 | €23,037 | €11,793 | -€11,244 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,037 | €11,793 | -€11,244 | -48.8% |
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.