Gaux 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.
Gaux Projects
Largest movements
- Cash +€175,202
up €175,202 (+165%), from €106,130 to €281,332
mainly Net result for the year (+€93,458) and Tax, wage and social debts (+€89,599)
- Tangible fixed assets -€41,624
down €41,624 (-5.4%), from €776,047 to €734,423
- Receivables within one year -€17,342
no longer reported in 2025 (was €17,342)
of which Other amounts receivable: -€17,022
- Profit (loss) carried forward +€93,458
up €93,458 (+36.8%), from €254,166 to €347,624
- Tax, wage and social debts +€89,599
up €89,599 (+213%), from €41,967 to €131,567
of which Taxes: +€59,599
- Debts after one year -€70,061
down €70,061 (-16.4%), from €426,237 to €356,175
- Gross operating margin +€33,402
up €33,402 (+18.7%), from €179,077 to €212,479
- Taxes +€19,438
up €19,438 (+57.6%), from €33,771 to €53,209
- Other operating charges +€13,958
up €13,958 (+449%), from €3,106 to €17,064
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 | €899,519 | €1,015,755 | +€116,236 | +12.9% |
| Fixed assets | 21/28 | €776,047 | €734,423 | -€41,624 | -5.4% |
| Tangible fixed assets | 22/27 | €776,047 | €734,423 | -€41,624 | -5.4% |
| Land and buildings | 22 | €776,047 | €734,423 | -€41,624 | -5.4% |
| Current assets | 29/58 | €123,472 | €281,332 | +€157,860 | +128% |
| Amounts receivable within one year | 40/41 | €17,342 | - | -€17,342 | |
| Trade receivables | 40 | €320 | - | -€320 | |
| Other amounts receivable | 41 | €17,022 | - | -€17,022 | |
| Cash at bank and in hand | 54/58 | €106,130 | €281,332 | +€175,202 | +165% |
| Total equity and liabilities | 10/49 | €899,519 | €1,015,755 | +€116,236 | +12.9% |
| Equity | 10/15 | €314,166 | €407,624 | +€93,458 | +29.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,166 | €347,624 | +€93,458 | +36.8% |
| Amounts payable | 17/49 | €585,353 | €608,131 | +€22,778 | +3.9% |
| Amounts payable after more than one year | 17 | €426,237 | €356,175 | -€70,061 | -16.4% |
| Financial debts | 170/4 | €426,237 | €356,175 | -€70,061 | -16.4% |
| Amounts payable within one year | 42/48 | €159,117 | €251,956 | +€92,839 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €74,766 | €75,821 | +€1,055 | +1.4% |
| Trade debts | 44 | €2,090 | €4,155 | +€2,064 | +98.8% |
| Suppliers | 440/4 | €2,090 | €4,155 | +€2,064 | +98.8% |
| Taxes, remuneration and social security | 45 | €41,967 | €131,567 | +€89,599 | +213% |
| Taxes | 450/3 | €41,967 | €101,567 | +€59,599 | +142% |
| Remuneration and social security | 454/9 | - | €30,000 | +€30,000 | |
| Other amounts payable | 47/48 | €40,293 | €40,413 | +€120 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,624 | €41,624 | = | 0.0% |
| Other operating charges | 640/8 | €3,106 | €17,064 | +€13,958 | +449% |
| Gross operating margin | 9900 | €179,077 | €212,479 | +€33,402 | +18.7% |
| Operating profit (loss) | 9901 | €134,347 | €153,791 | +€19,444 | +14.5% |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €7,459 | €7,230 | -€229 | -3.1% |
| Recurring financial charges | 65 | €7,459 | €7,230 | -€229 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €126,889 | €146,667 | +€19,779 | +15.6% |
| Income taxes | 67/77 | €33,771 | €53,209 | +€19,438 | +57.6% |
| Profit (loss) for the period | 9904 | €93,117 | €93,458 | +€341 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,117 | €93,458 | +€341 | +0.4% |
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 19 October 2026 via checked.be.