GD Projecten: 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.
GD Projecten
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+235.3%), from €606,333 to €2.0m
- Receivables within one year +€37,635
up €37,635 (+1023.2%), from €3,678 to €41,313
- Cash -€36,929
down €36,929 (-20.5%), from €180,424 to €143,495
mainly Stocks and contracts (-€1.4m) and Net result for the year (-€64,420)
- Debts after one year +€771,300
up €771,300 (+248.8%), from €310,000 to €1.1m
- Advances received +€650,549
up €650,549 (+15314.2%), from €4,248 to €654,797
- Other debts +€121,801
up €121,801 (+47.3%), from €257,634 to €379,434
- Profit (loss) carried forward -€64,420
down €64,420 (-117.8%), from -€54,679 to -€119,099
- Trade debts -€61,068
down €61,068 (-49.6%), from €123,233 to €62,166
- Financial charges +€36,851
up €36,851 (+161.3%), from €22,844 to €59,695
- Gross operating margin +€4,336
up €4,336 (+49.3%), from -€8,787 to -€4,451
- Other operating charges -€372
down €372 (-57.6%), from €645 to €274
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 | €790,436 | €2,217,936 | +€1.4m | +180.6% |
| Current assets | 29/58 | €790,436 | €2,217,936 | +€1.4m | +180.6% |
| Stocks and contracts in progress | 3 | €606,333 | €2,033,127 | +€1.4m | +235.3% |
| Stocks | 30/36 | €606,333 | €2,033,127 | +€1.4m | +235.3% |
| Amounts receivable within one year | 40/41 | €3,678 | €41,313 | +€37,635 | +1023.2% |
| Other amounts receivable | 41 | €3,678 | €41,313 | +€37,635 | +1023.2% |
| Cash at bank and in hand | 54/58 | €180,424 | €143,495 | -€36,929 | -20.5% |
| Total equity and liabilities | 10/49 | €790,436 | €2,217,936 | +€1.4m | +180.6% |
| Equity | 10/15 | €95,321 | €30,901 | -€64,420 | -67.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,679 | -€119,099 | -€64,420 | -117.8% |
| Amounts payable | 17/49 | €695,115 | €2,187,035 | +€1.5m | +214.6% |
| Amounts payable after more than one year | 17 | €310,000 | €1,081,300 | +€771,300 | +248.8% |
| Financial debts | 170/4 | €310,000 | €1,081,300 | +€771,300 | +248.8% |
| Amounts payable within one year | 42/48 | €385,115 | €1,105,735 | +€720,620 | +187.1% |
| Trade debts | 44 | €123,233 | €62,166 | -€61,068 | -49.6% |
| Suppliers | 440/4 | €123,233 | €62,166 | -€61,068 | -49.6% |
| Advances received on contracts in progress | 46 | €4,248 | €654,797 | +€650,549 | +15314.2% |
| Taxes, remuneration and social security | 45 | - | €9,338 | +€9,338 | |
| Taxes | 450/3 | - | €9,338 | +€9,338 | |
| Other amounts payable | 47/48 | €257,634 | €379,434 | +€121,801 | +47.3% |
| Other operating charges | 640/8 | €645 | €274 | -€372 | -57.6% |
| Gross operating margin | 9900 | -€8,787 | -€4,451 | +€4,336 | +49.3% |
| Operating profit (loss) | 9901 | -€9,432 | -€4,725 | +€4,708 | +49.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,844 | €59,695 | +€36,851 | +161.3% |
| Recurring financial charges | 65 | €22,844 | €59,695 | +€36,851 | +161.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,276 | -€64,420 | -€32,143 | -99.6% |
| Profit (loss) for the period | 9904 | -€32,276 | -€64,420 | -€32,143 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,276 | -€64,420 | -€32,143 | -99.6% |
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 7 October 2026 via checked.be.