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 +€154,378
up €154,378 (+173.5%), from €88,979 to €243,357
of which Other amounts receivable: +€151,363
- Cash +€32,548
up €32,548 (+130.5%), from €24,932 to €57,480
mainly Net result for the year (+€120,861) and Tax, wage and social debts (+€47,721)
- Tangible fixed assets -€8,420
down €8,420 (-33.9%), from €24,832 to €16,411
of which Furniture and vehicles: -€9,744
- Profit (loss) carried forward +€120,861
up €120,861, from -€53,969 to €66,892
- Tax, wage and social debts +€47,721
up €47,721 (+245.0%), from €19,477 to €67,198
of which Taxes: +€46,210
- Trade debts +€26,726
up €26,726 (+34.1%), from €78,467 to €105,193
- Other debts -€15,568
no longer reported in 2024 (was €15,568)
- Gross operating margin +€91,098
up €91,098 (+85.2%), from €106,937 to €198,035
- Staff costs -€42,168
down €42,168 (-49.5%), from €85,269 to €43,101
- Financial charges +€11,061
up €11,061 (+445.6%), from €2,482 to €13,543
- Other operating charges -€4,850
down €4,850 (-41.8%), from €11,602 to €6,753
- Financial income -€4,835
no longer reported in 2024 (was €4,835)
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 | €138,743 | €318,482 | +€179,739 | +129.5% |
| Fixed assets | 21/28 | €24,832 | €16,411 | -€8,420 | -33.9% |
| Tangible fixed assets | 22/27 | €24,832 | €16,411 | -€8,420 | -33.9% |
| Plant, machinery and equipment | 23 | €1,423 | €2,746 | +€1,324 | +93.0% |
| Furniture and vehicles | 24 | €23,409 | €13,665 | -€9,744 | -41.6% |
| Current assets | 29/58 | €113,911 | €302,071 | +€188,160 | +165.2% |
| Amounts receivable within one year | 40/41 | €88,979 | €243,357 | +€154,378 | +173.5% |
| Trade receivables | 40 | €16,371 | €19,386 | +€3,015 | +18.4% |
| Other amounts receivable | 41 | €72,608 | €223,971 | +€151,363 | +208.5% |
| Cash at bank and in hand | 54/58 | €24,932 | €57,480 | +€32,548 | +130.5% |
| Deferred charges and accrued income | 490/1 | - | €1,234 | +€1,234 | |
| Total equity and liabilities | 10/49 | €138,743 | €318,482 | +€179,739 | +129.5% |
| Equity | 10/15 | €25,231 | €146,092 | +€120,861 | +479.0% |
| Contributions | 10/11 | €79,200 | €79,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,969 | €66,892 | +€120,861 | |
| Amounts payable | 17/49 | €113,512 | €172,390 | +€58,878 | +51.9% |
| Amounts payable within one year | 42/48 | €113,512 | €172,390 | +€58,878 | +51.9% |
| Trade debts | 44 | €78,467 | €105,193 | +€26,726 | +34.1% |
| Suppliers | 440/4 | €78,467 | €105,193 | +€26,726 | +34.1% |
| Taxes, remuneration and social security | 45 | €19,477 | €67,198 | +€47,721 | +245.0% |
| Taxes | 450/3 | €6,780 | €52,990 | +€46,210 | +681.6% |
| Remuneration and social security | 454/9 | €12,697 | €14,208 | +€1,511 | +11.9% |
| Other amounts payable | 47/48 | €15,568 | - | -€15,568 | |
| Remuneration, social security and pensions | 62 | €85,269 | €43,101 | -€42,168 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,793 | €10,420 | -€1,373 | -11.6% |
| Other operating charges | 640/8 | €11,602 | €6,753 | -€4,850 | -41.8% |
| Gross operating margin | 9900 | €106,937 | €198,035 | +€91,098 | +85.2% |
| Operating profit (loss) | 9901 | -€1,727 | €137,761 | +€139,488 | |
| Financial income | 75/76B | €4,835 | - | -€4,835 | |
| Recurring financial income | 75 | €4,835 | - | -€4,835 | |
| Financial charges | 65/66B | €2,482 | €13,543 | +€11,061 | +445.6% |
| Recurring financial charges | 65 | €2,482 | €13,543 | +€11,061 | +445.6% |
| Profit (loss) for the period before taxes | 9903 | €626 | €124,218 | +€123,592 | +19756.1% |
| Income taxes | 67/77 | €177 | €3,357 | +€3,179 | +1792.2% |
| Profit (loss) for the period | 9904 | €448 | €120,861 | +€120,413 | +26866.4% |
| Profit (loss) for the period to be appropriated | 9905 | €448 | €120,861 | +€120,413 | +26866.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.