G J 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.
G J Projecten
Largest movements
- Stocks and contracts +€134,650
up €134,650 (+24.7%), from €544,485 to €679,135
- Cash -€39,810
down €39,810 (-68.4%), from €58,165 to €18,355
mainly Stocks and contracts (-€134,650) and Trade debts (-€50,355)
- Tangible fixed assets -€20,934
down €20,934 (-4.9%), from €424,190 to €403,256
of which Land and buildings: -€19,266
- Current portion of long-term debt +€103,538
up €103,538 (+366%), from €28,291 to €131,830
- Trade debts -€50,355
down €50,355 (-24.0%), from €209,468 to €159,113
- Tax, wage and social debts -€28,966
down €28,966 (-51.9%), from €55,800 to €26,834
of which Taxes: -€32,396
- Reserves +€28,492
up €28,492 (+9.7%), from €293,235 to €321,727
of which Distributable reserves: +€28,492
- Debts after one year +€24,534
up €24,534 (+5.5%), from €449,443 to €473,977
- Staff costs +€9,412
up €9,412 (+14.7%), from €64,002 to €73,414
- Gross operating margin +€6,229
up €6,229 (+3.5%), from €176,798 to €183,027
- Depreciation +€5,634
up €5,634 (+28.2%), from €20,003 to €25,637
- Financial charges -€5,245
down €5,245 (-12.3%), from €42,471 to €37,226
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 | €1,191,463 | €1,276,339 | +€84,875 | +7.1% |
| Fixed assets | 21/28 | €424,190 | €403,256 | -€20,934 | -4.9% |
| Tangible fixed assets | 22/27 | €424,190 | €403,256 | -€20,934 | -4.9% |
| Land and buildings | 22 | €409,499 | €390,233 | -€19,266 | -4.7% |
| Furniture and vehicles | 24 | €14,691 | €13,023 | -€1,668 | -11.4% |
| Current assets | 29/58 | €767,273 | €873,082 | +€105,809 | +13.8% |
| Stocks and contracts in progress | 3 | €544,485 | €679,135 | +€134,650 | +24.7% |
| Stocks | 30/36 | €544,485 | €679,135 | +€134,650 | +24.7% |
| Amounts receivable within one year | 40/41 | €162,630 | €175,381 | +€12,751 | +7.8% |
| Trade receivables | 40 | €137,726 | €146,741 | +€9,015 | +6.5% |
| Other amounts receivable | 41 | €24,904 | €28,640 | +€3,736 | +15.0% |
| Cash at bank and in hand | 54/58 | €58,165 | €18,355 | -€39,810 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,993 | €211 | -€1,782 | -89.4% |
| Total equity and liabilities | 10/49 | €1,191,463 | €1,276,339 | +€84,875 | +7.1% |
| Equity | 10/15 | €311,835 | €340,327 | +€28,492 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,235 | €321,727 | +€28,492 | +9.7% |
| 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 | €291,375 | €319,867 | +€28,492 | +9.8% |
| Amounts payable | 17/49 | €879,628 | €936,011 | +€56,384 | +6.4% |
| Amounts payable after more than one year | 17 | €449,443 | €473,977 | +€24,534 | +5.5% |
| Financial debts | 170/4 | €449,443 | €473,977 | +€24,534 | +5.5% |
| Amounts payable within one year | 42/48 | €420,082 | €453,011 | +€32,929 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €28,291 | €131,830 | +€103,538 | +366% |
| Trade debts | 44 | €209,468 | €159,113 | -€50,355 | -24.0% |
| Suppliers | 440/4 | €209,468 | €159,113 | -€50,355 | -24.0% |
| Taxes, remuneration and social security | 45 | €55,800 | €26,834 | -€28,966 | -51.9% |
| Taxes | 450/3 | €43,956 | €11,560 | -€32,396 | -73.7% |
| Remuneration and social security | 454/9 | €11,844 | €15,275 | +€3,430 | +29.0% |
| Other amounts payable | 47/48 | €126,522 | €135,234 | +€8,712 | +6.9% |
| Accrued charges and deferred income | 492/3 | €10,103 | €9,023 | -€1,080 | -10.7% |
| Remuneration, social security and pensions | 62 | €64,002 | €73,414 | +€9,412 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,003 | €25,637 | +€5,634 | +28.2% |
| Other operating charges | 640/8 | €2,839 | €4,621 | +€1,782 | +62.8% |
| Gross operating margin | 9900 | €176,798 | €183,027 | +€6,229 | +3.5% |
| Operating profit (loss) | 9901 | €89,955 | €79,355 | -€10,599 | -11.8% |
| Financial income | 75/76B | €0 | €920 | +€920 | |
| Recurring financial income | 75 | €0 | €920 | +€920 | |
| Financial charges | 65/66B | €42,471 | €37,226 | -€5,245 | -12.3% |
| Recurring financial charges | 65 | €42,471 | €37,226 | -€5,245 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €47,484 | €43,050 | -€4,435 | -9.3% |
| Income taxes | 67/77 | €15,760 | €14,558 | -€1,202 | -7.6% |
| Profit (loss) for the period | 9904 | €31,724 | €28,492 | -€3,233 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,724 | €28,492 | -€3,233 | -10.2% |
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 28 October 2026 via checked.be.