G-CO 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.
G-CO Projects
Largest movements
- Cash +€51,344
up €51,344 (+45.0%), from €114,165 to €165,508
mainly Net result for the year (+€49,752) and Depreciation (+€19,239)
- Tangible fixed assets -€19,239
down €19,239 (-27.7%), from €69,542 to €50,303
of which Leasing and similar rights: -€15,730
- Receivables within one year +€10,934
new in 2024: €10,934
- Deferred charges and accrued income -€8,683
down €8,683 (-84.9%), from €10,229 to €1,546
- Profit (loss) carried forward +€49,752
up €49,752 (+51.9%), from €95,943 to €145,695
- Debts after one year -€15,753
down €15,753 (-33.5%), from €47,059 to €31,307
- Tax, wage and social debts -€5,400
down €5,400 (-38.3%), from €14,082 to €8,682
- Other debts +€4,712
up €4,712 (+37.9%), from €12,436 to €17,149
- Gross operating margin +€14,249
up €14,249 (+19.1%), from €74,748 to €88,997
- Depreciation -€11,369
down €11,369 (-37.1%), from €30,608 to €19,239
- Taxes +€5,183
up €5,183 (+53.3%), from €9,724 to €14,907
- Other operating charges -€1,455
down €1,455 (-28.6%), from €5,093 to €3,638
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,935 | €228,291 | +€34,356 | +17.7% |
| Fixed assets | 21/28 | €69,542 | €50,303 | -€19,239 | -27.7% |
| Tangible fixed assets | 22/27 | €69,542 | €50,303 | -€19,239 | -27.7% |
| Plant, machinery and equipment | 23 | €1,985 | €206 | -€1,779 | -89.6% |
| Furniture and vehicles | 24 | €6,620 | €4,890 | -€1,730 | -26.1% |
| Leasing and similar rights | 25 | €60,937 | €45,207 | -€15,730 | -25.8% |
| Current assets | 29/58 | €124,393 | €177,988 | +€53,595 | +43.1% |
| Amounts receivable within one year | 40/41 | - | €10,934 | +€10,934 | |
| Trade receivables | 40 | - | €10,934 | +€10,934 | |
| Cash at bank and in hand | 54/58 | €114,165 | €165,508 | +€51,344 | +45.0% |
| Deferred charges and accrued income | 490/1 | €10,229 | €1,546 | -€8,683 | -84.9% |
| Total equity and liabilities | 10/49 | €193,935 | €228,291 | +€34,356 | +17.7% |
| Equity | 10/15 | €103,943 | €153,695 | +€49,752 | +47.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,943 | €145,695 | +€49,752 | +51.9% |
| Amounts payable | 17/49 | €89,992 | €74,596 | -€15,396 | -17.1% |
| Amounts payable after more than one year | 17 | €47,059 | €31,307 | -€15,753 | -33.5% |
| Financial debts | 170/4 | €47,059 | €31,307 | -€15,753 | -33.5% |
| Amounts payable within one year | 42/48 | €42,933 | €43,289 | +€356 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €15,367 | €15,753 | +€386 | +2.5% |
| Trade debts | 44 | €1,047 | €1,706 | +€658 | +62.9% |
| Suppliers | 440/4 | €1,047 | €1,706 | +€658 | +62.9% |
| Taxes, remuneration and social security | 45 | €14,082 | €8,682 | -€5,400 | -38.3% |
| Taxes | 450/3 | €14,082 | €8,682 | -€5,400 | -38.3% |
| Other amounts payable | 47/48 | €12,436 | €17,149 | +€4,712 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,608 | €19,239 | -€11,369 | -37.1% |
| Other operating charges | 640/8 | €5,093 | €3,638 | -€1,455 | -28.6% |
| Gross operating margin | 9900 | €74,748 | €88,997 | +€14,249 | +19.1% |
| Operating profit (loss) | 9901 | €39,046 | €66,120 | +€27,074 | +69.3% |
| Financial income | 75/76B | €10 | €1 | -€9 | -90.9% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -90.9% |
| Financial charges | 65/66B | €1,927 | €1,462 | -€465 | -24.1% |
| Recurring financial charges | 65 | €1,927 | €1,462 | -€465 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €37,129 | €64,659 | +€27,530 | +74.1% |
| Income taxes | 67/77 | €9,724 | €14,907 | +€5,183 | +53.3% |
| Profit (loss) for the period | 9904 | €27,405 | €49,752 | +€22,347 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,405 | €49,752 | +€22,347 | +81.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.