GB-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.
GB-projects
Largest movements
- Cash -€12,330
down €12,330 (-57.5%), from €21,427 to €9,097
mainly Contributions, distributions and other (-€18,933) and Net result for the year (-€1,114)
- Deferred charges and accrued income +€735
up €735 (+114%), from €644 to €1,379
- Tangible fixed assets -€633
down €633 (-55.6%), from €1,140 to €507
of which Plant, machinery and equipment: -€586
- Receivables within one year -€536
down €536 (-4.9%), from €11,045 to €10,509
of which Trade receivables: -€2,542
- Reserves -€18,933
no longer reported in 2025 (was €18,933)
- Other debts +€9,615
up €9,615 (+789%), from €1,219 to €10,834
- Profit (loss) carried forward -€1,114
new in 2025: -€1,114
- Accrued charges and deferred income -€1,100
no longer reported in 2025 (was €1,100)
- Tax, wage and social debts -€1,084
down €1,084 (-11.7%), from €9,247 to €8,163
of which Taxes: -€1,102
- Gross operating margin -€7,079
down €7,079 (-91.8%), from €7,712 to €633
- Taxes -€1,291
no longer reported in 2025 (was €1,291)
- Depreciation -€380
down €380 (-37.5%), from €1,013 to €633
- Other operating charges -€141
down €141 (-14.0%), from €1,009 to €868
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 | €34,256 | €21,492 | -€12,764 | -37.3% |
| Fixed assets | 21/28 | €1,140 | €507 | -€633 | -55.6% |
| Tangible fixed assets | 22/27 | €1,140 | €507 | -€633 | -55.6% |
| Plant, machinery and equipment | 23 | €808 | €222 | -€586 | -72.6% |
| Furniture and vehicles | 24 | €332 | €285 | -€47 | -14.2% |
| Current assets | 29/58 | €33,116 | €20,985 | -€12,131 | -36.6% |
| Amounts receivable within one year | 40/41 | €11,045 | €10,509 | -€536 | -4.9% |
| Trade receivables | 40 | €9,802 | €7,260 | -€2,542 | -25.9% |
| Other amounts receivable | 41 | €1,243 | €3,249 | +€2,006 | +161% |
| Cash at bank and in hand | 54/58 | €21,427 | €9,097 | -€12,330 | -57.5% |
| Deferred charges and accrued income | 490/1 | €644 | €1,379 | +€735 | +114% |
| Total equity and liabilities | 10/49 | €34,256 | €21,492 | -€12,764 | -37.3% |
| Equity | 10/15 | €21,933 | €1,886 | -€20,047 | -91.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,933 | - | -€18,933 | |
| Distributable reserves | 133 | €18,933 | - | -€18,933 | |
| Profit (loss) carried forward | 14 | - | -€1,114 | -€1,114 | |
| Amounts payable | 17/49 | €12,323 | €19,606 | +€7,282 | +59.1% |
| Amounts payable within one year | 42/48 | €11,223 | €19,606 | +€8,383 | +74.7% |
| Trade debts | 44 | €757 | €608 | -€149 | -19.7% |
| Suppliers | 440/4 | €757 | €608 | -€149 | -19.7% |
| Taxes, remuneration and social security | 45 | €9,247 | €8,163 | -€1,084 | -11.7% |
| Taxes | 450/3 | €6,467 | €5,365 | -€1,102 | -17.0% |
| Remuneration and social security | 454/9 | €2,780 | €2,798 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €1,219 | €10,834 | +€9,615 | +789% |
| Accrued charges and deferred income | 492/3 | €1,100 | - | -€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | €633 | -€380 | -37.5% |
| Other operating charges | 640/8 | €1,009 | €868 | -€141 | -14.0% |
| Gross operating margin | 9900 | €7,712 | €633 | -€7,079 | -91.8% |
| Operating profit (loss) | 9901 | €5,689 | -€868 | -€6,558 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €214 | €249 | +€35 | +16.2% |
| Recurring financial charges | 65 | €214 | €249 | +€35 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €5,475 | -€1,114 | -€6,589 | |
| Income taxes | 67/77 | €1,291 | - | -€1,291 | |
| Profit (loss) for the period | 9904 | €4,184 | -€1,114 | -€5,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,184 | -€1,114 | -€5,299 |
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 17 October 2026 via checked.be.