GJ PROJECT: 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.
GJ PROJECT
Largest movements
- Receivables within one year +€234,110
up €234,110 (+14423.3%), from €1,623 to €235,733
of which Trade receivables: +€234,717
- Trade debts +€232,505
up €232,505 (+5490.8%), from €4,234 to €236,739
- Other debts +€18,048
up €18,048 (+437.1%), from €4,129 to €22,177
- Debts after one year -€17,703
down €17,703 (-22.1%), from €80,172 to €62,470
- Reserves -€6,300
down €6,300 (-57.3%), from €11,000 to €4,700
- Other operating charges +€235,043
up €235,043 (+18547.2%), from €1,267 to €236,310
- Gross operating margin +€226,464
up €226,464 (+1785.9%), from €12,681 to €239,145
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 | €130,465 | €357,716 | +€227,251 | +174.2% |
| Formation expenses | 20 | €1,096 | €729 | -€367 | -33.5% |
| Fixed assets | 21/28 | €122,363 | €119,428 | -€2,935 | -2.4% |
| Tangible fixed assets | 22/27 | €122,363 | €119,428 | -€2,935 | -2.4% |
| Land and buildings | 22 | €41,753 | €41,753 | = | 0.0% |
| Plant, machinery and equipment | 23 | €79,384 | €74,956 | -€4,428 | -5.6% |
| Furniture and vehicles | 24 | €1,226 | €1,101 | -€125 | -10.2% |
| Assets under construction and advance payments | 27 | - | €1,619 | +€1,619 | |
| Current assets | 29/58 | €7,006 | €237,559 | +€230,553 | +3290.9% |
| Stocks and contracts in progress | 3 | €100 | - | -€100 | |
| Stocks | 30/36 | €100 | - | -€100 | |
| Amounts receivable within one year | 40/41 | €1,623 | €235,733 | +€234,110 | +14423.3% |
| Trade receivables | 40 | €620 | €235,336 | +€234,717 | +37869.1% |
| Other amounts receivable | 41 | €1,003 | €396 | -€607 | -60.5% |
| Cash at bank and in hand | 54/58 | €4,928 | €1,826 | -€3,102 | -62.9% |
| Deferred charges and accrued income | 490/1 | €355 | - | -€355 | |
| Total equity and liabilities | 10/49 | €130,465 | €357,716 | +€227,251 | +174.2% |
| Equity | 10/15 | €23,599 | €17,279 | -€6,321 | -26.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €11,000 | €4,700 | -€6,300 | -57.3% |
| Distributable reserves | 133 | €11,000 | €4,700 | -€6,300 | -57.3% |
| Profit (loss) carried forward | 14 | €99 | €79 | -€21 | -20.7% |
| Amounts payable | 17/49 | €106,866 | €340,438 | +€233,572 | +218.6% |
| Amounts payable after more than one year | 17 | €80,172 | €62,470 | -€17,703 | -22.1% |
| Financial debts | 170/4 | €80,172 | €62,470 | -€17,703 | -22.1% |
| Amounts payable within one year | 42/48 | €26,693 | €277,968 | +€251,274 | +941.3% |
| Current portion of amounts payable after more than one year | 42 | €18,329 | €18,646 | +€317 | +1.7% |
| Trade debts | 44 | €4,234 | €236,739 | +€232,505 | +5490.8% |
| Suppliers | 440/4 | €4,234 | €236,739 | +€232,505 | +5490.8% |
| Advances received on contracts in progress | 46 | - | €96 | +€96 | |
| Taxes, remuneration and social security | 45 | - | €309 | +€309 | |
| Taxes | 450/3 | - | €309 | +€309 | |
| Other amounts payable | 47/48 | €4,129 | €22,177 | +€18,048 | +437.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,920 | €4,920 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,267 | €236,310 | +€235,043 | +18547.2% |
| Non-recurring operating charges | 66A | - | €730 | +€730 | |
| Gross operating margin | 9900 | €12,681 | €239,145 | +€226,464 | +1785.9% |
| Operating profit (loss) | 9901 | €6,493 | -€2,816 | -€9,309 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.5% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.5% |
| Financial charges | 65/66B | €2,501 | €3,505 | +€1,004 | +40.1% |
| Recurring financial charges | 65 | €2,501 | €3,505 | +€1,004 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €3,995 | -€6,321 | -€10,316 | |
| Profit (loss) for the period | 9904 | €3,995 | -€6,321 | -€10,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,995 | -€6,321 | -€10,316 |
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.