Ganzendries Projects: what changed
Ganzendries Projects
Largest movements
- Stocks and contracts +€195,563
up €195,563 (+66.3%), from €294,762 to €490,324
- Receivables within one year +€175,513
up €175,513 (+689%), from €25,482 to €200,995
of which Trade receivables: +€157,002
- Cash -€139,585
down €139,585 (-95.2%), from €146,610 to €7,025
mainly Stocks and contracts (-€195,563) and Receivables within one year (-€175,513)
- Trade debts +€131,663
up €131,663 (+2,633%), from €5,000 to €136,663
- Other debts +€100,106
up €100,106 (+1,112%), from €9,000 to €109,106
- Accrued charges and deferred income -€12,970
down €12,970 (-100%), from €12,970 to €0
- Profit (loss) carried forward +€9,461
up €9,461 (+8.9%), from €105,742 to €115,203
- Taxes -€32,094
down €32,094 (-91.1%), from €35,247 to €3,154
- Other operating charges -€12,563
down €12,563 (-96.9%), from €12,970 to €407
- Gross operating margin -€4,678
down €4,678 (-26.4%), from €17,716 to €13,038
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,854 | €698,345 | +€231,491 | +49.6% |
| Current assets | 29/58 | €466,854 | €698,345 | +€231,491 | +49.6% |
| Stocks and contracts in progress | 3 | €294,762 | €490,324 | +€195,563 | +66.3% |
| Stocks | 30/36 | €294,762 | €490,324 | +€195,563 | +66.3% |
| Amounts receivable within one year | 40/41 | €25,482 | €200,995 | +€175,513 | +689% |
| Trade receivables | 40 | - | €157,002 | +€157,002 | |
| Other amounts receivable | 41 | €25,482 | €43,994 | +€18,511 | +72.6% |
| Cash at bank and in hand | 54/58 | €146,610 | €7,025 | -€139,585 | -95.2% |
| Total equity and liabilities | 10/49 | €466,854 | €698,345 | +€231,491 | +49.6% |
| Equity | 10/15 | €404,637 | €414,098 | +€9,461 | +2.3% |
| Contributions | 10/11 | €167,968 | €167,968 | = | 0.0% |
| Reserves | 13 | €130,927 | €130,927 | = | 0.0% |
| Distributable reserves | 133 | €130,927 | €130,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,742 | €115,203 | +€9,461 | +8.9% |
| Amounts payable | 17/49 | €62,217 | €284,247 | +€222,030 | +357% |
| Amounts payable within one year | 42/48 | €49,247 | €284,247 | +€235,000 | +477% |
| Trade debts | 44 | €5,000 | €136,663 | +€131,663 | +2,633% |
| Suppliers | 440/4 | €5,000 | €136,663 | +€131,663 | +2,633% |
| Taxes, remuneration and social security | 45 | €35,247 | €38,478 | +€3,231 | +9.2% |
| Taxes | 450/3 | €35,247 | €38,478 | +€3,231 | +9.2% |
| Other amounts payable | 47/48 | €9,000 | €109,106 | +€100,106 | +1,112% |
| Accrued charges and deferred income | 492/3 | €12,970 | €0 | -€12,970 | -100% |
| Other operating charges | 640/8 | €12,970 | €407 | -€12,563 | -96.9% |
| Gross operating margin | 9900 | €17,716 | €13,038 | -€4,678 | -26.4% |
| Operating profit (loss) | 9901 | €4,747 | €12,631 | +€7,884 | +166% |
| Financial charges | 65/66B | - | €17 | +€17 | |
| Recurring financial charges | 65 | - | €17 | +€17 | |
| Profit (loss) for the period before taxes | 9903 | €4,747 | €12,614 | +€7,867 | +166% |
| Income taxes | 67/77 | €35,247 | €3,154 | -€32,094 | -91.1% |
| Profit (loss) for the period | 9904 | -€30,501 | €9,461 | +€39,961 | |
| Transfer from tax-exempt reserves | 789 | €136,243 | €0 | -€136,243 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €105,742 | €9,461 | -€96,282 | -91.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.