GN Projects: 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.
GN Projects
Largest movements
- Cash -€597
down €597 (-99.8%), from €598 to €1
mainly Trade debts (-€1,028) and Net result for the year (-€572)
- Advances received +€1,264
up €1,264, from €0 to €1,264
- Trade debts -€1,028
down €1,028 (-5.9%), from €17,432 to €16,403
- Profit (loss) carried forward -€572
down €572 (-1109.9%), from -€52 to -€624
- Gross operating margin +€1,876
up €1,876 (+92.1%), from -€2,038 to -€162
- Other operating charges +€154
new in 2025: €154
- Financial charges +€88
up €88 (+52.5%), from €168 to €257
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 | €23,455 | €23,043 | -€411 | -1.8% |
| Current assets | 29/58 | €23,455 | €23,043 | -€411 | -1.8% |
| Stocks and contracts in progress | 3 | €5,386 | €5,386 | = | 0.0% |
| Contracts in progress | 37 | €5,386 | €5,386 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,471 | €17,656 | +€185 | +1.1% |
| Trade receivables | 40 | €260 | €260 | = | 0.0% |
| Other amounts receivable | 41 | €17,211 | €17,397 | +€185 | +1.1% |
| Cash at bank and in hand | 54/58 | €598 | €1 | -€597 | -99.8% |
| Total equity and liabilities | 10/49 | €23,455 | €23,043 | -€411 | -1.8% |
| Equity | 10/15 | €5,948 | €5,376 | -€572 | -9.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€52 | -€624 | -€572 | -1109.9% |
| Amounts payable | 17/49 | €17,506 | €17,667 | +€161 | +0.9% |
| Amounts payable within one year | 42/48 | €17,506 | €17,667 | +€161 | +0.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €17,432 | €16,403 | -€1,028 | -5.9% |
| Suppliers | 440/4 | €17,432 | €16,403 | -€1,028 | -5.9% |
| Advances received on contracts in progress | 46 | €0 | €1,264 | +€1,264 | |
| Taxes, remuneration and social security | 45 | €75 | €0 | -€75 | -100.0% |
| Taxes | 450/3 | €75 | €0 | -€75 | -100.0% |
| Other operating charges | 640/8 | - | €154 | +€154 | |
| Gross operating margin | 9900 | -€2,038 | -€162 | +€1,876 | +92.1% |
| Operating profit (loss) | 9901 | -€2,038 | -€316 | +€1,722 | +84.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €168 | €257 | +€88 | +52.5% |
| Recurring financial charges | 65 | €168 | €257 | +€88 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,206 | -€572 | +€1,634 | +74.1% |
| Profit (loss) for the period | 9904 | -€2,206 | -€572 | +€1,634 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,206 | -€572 | +€1,634 | +74.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.