G Projects: what changed
Two fiscal 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 Projects
Largest movements
- Receivables within one year +€499,536
up €499,536 (+41.2%), from €1.2m to €1.7m
- Short-term financial debts +€399,894
new in 2025: €399,894
of which Other loans: +€392,157
- Other debts +€74,976
up €74,976 (+833.1%), from €9,000 to €83,976
- Gross operating margin -€21,805
down €21,805, from €21,025 to -€780
- Financial charges -€14,303
down €14,303 (-57.9%), from €24,683 to €10,380
- Financial income -€8,852
down €8,852 (-34.0%), from €26,010 to €17,158
- Taxes -€1,299
no longer reported in 2025 (was €1,299)
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.
Cash bridge derived
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 | €1,743,056 | €2,224,471 | +€481,416 | +27.6% |
| Fixed assets | 21/28 | €175,000 | €175,000 | = | 0.0% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €1,568,056 | €2,049,471 | +€481,416 | +30.7% |
| Stocks and contracts in progress | 3 | €335,534 | €335,534 | = | 0.0% |
| Stocks | 30/36 | €335,534 | €335,534 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,213,579 | €1,713,116 | +€499,536 | +41.2% |
| Other amounts receivable | 41 | €1,213,579 | €1,713,116 | +€499,536 | +41.2% |
| Cash at bank and in hand | 54/58 | €1,163 | €821 | -€342 | -29.4% |
| Deferred charges and accrued income | 490/1 | €17,779 | - | -€17,779 | |
| Total equity and liabilities | 10/49 | €1,743,056 | €2,224,471 | +€481,416 | +27.6% |
| Equity | 10/15 | €1,732,757 | €1,737,613 | +€4,856 | +0.3% |
| Contributions | 10/11 | €419,195 | €419,195 | = | 0.0% |
| Reserves | 13 | €1,313,561 | €1,318,417 | +€4,856 | +0.4% |
| Non-distributable reserves | 130/1 | €41,721 | €41,721 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41,721 | €41,721 | = | 0.0% |
| Distributable reserves | 133 | €1,271,841 | €1,276,697 | +€4,856 | +0.4% |
| Amounts payable | 17/49 | €10,299 | €486,859 | +€476,560 | +4627.3% |
| Amounts payable within one year | 42/48 | €10,299 | €486,859 | +€476,560 | +4627.3% |
| Financial debts | 43 | - | €399,894 | +€399,894 | |
| Credit institutions | 430/8 | - | €7,737 | +€7,737 | |
| Other loans | 439 | - | €392,157 | +€392,157 | |
| Trade debts | 44 | - | €1,691 | +€1,691 | |
| Suppliers | 440/4 | - | €1,691 | +€1,691 | |
| Taxes, remuneration and social security | 45 | €1,299 | €1,299 | = | 0.0% |
| Taxes | 450/3 | €1,299 | €1,299 | = | 0.0% |
| Other amounts payable | 47/48 | €9,000 | €83,976 | +€74,976 | +833.1% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €21,025 | -€780 | -€21,805 | |
| Operating profit (loss) | 9901 | €19,917 | -€1,922 | -€21,839 | |
| Financial income | 75/76B | €26,010 | €17,158 | -€8,852 | -34.0% |
| Recurring financial income | 75 | €26,010 | €17,158 | -€8,852 | -34.0% |
| Financial charges | 65/66B | €24,683 | €10,380 | -€14,303 | -57.9% |
| Recurring financial charges | 65 | €24,683 | €10,380 | -€14,303 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €21,244 | €4,856 | -€16,388 | -77.1% |
| Income taxes | 67/77 | €1,299 | - | -€1,299 | |
| Profit (loss) for the period | 9904 | €19,945 | €4,856 | -€15,090 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,945 | €4,856 | -€15,090 | -75.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.