Gre & B 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.
Gre & B Projects
Largest movements
- Tangible fixed assets -€27,583
down €27,583 (-4.7%), from €582,110 to €554,527
- Profit (loss) carried forward -€20,908
down €20,908 (-24.7%), from -€84,513 to -€105,421
- Debts after one year -€16,407
down €16,407 (-3.8%), from €430,172 to €413,764
- Gross operating margin -€10,061
down €10,061 (-24.5%), from €40,986 to €30,925
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 | €591,520 | €559,925 | -€31,595 | -5.3% |
| Fixed assets | 21/28 | €582,110 | €554,527 | -€27,583 | -4.7% |
| Tangible fixed assets | 22/27 | €582,110 | €554,527 | -€27,583 | -4.7% |
| Land and buildings | 22 | €582,110 | €554,527 | -€27,583 | -4.7% |
| Current assets | 29/58 | €9,409 | €5,398 | -€4,011 | -42.6% |
| Amounts receivable within one year | 40/41 | €1,316 | €1,316 | = | 0.0% |
| Other amounts receivable | 41 | €1,316 | €1,316 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,093 | €4,082 | -€4,011 | -49.6% |
| Total equity and liabilities | 10/49 | €591,520 | €559,925 | -€31,595 | -5.3% |
| Equity | 10/15 | -€68,338 | -€89,245 | -€20,908 | -30.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,975 | €9,975 | = | 0.0% |
| Distributable reserves | 133 | €9,975 | €9,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,513 | -€105,421 | -€20,908 | -24.7% |
| Amounts payable | 17/49 | €659,857 | €649,170 | -€10,687 | -1.6% |
| Amounts payable after more than one year | 17 | €430,172 | €413,764 | -€16,407 | -3.8% |
| Financial debts | 170/4 | €430,172 | €413,764 | -€16,407 | -3.8% |
| Amounts payable within one year | 42/48 | €229,686 | €235,406 | +€5,720 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €15,718 | €16,407 | +€689 | +4.4% |
| Trade debts | 44 | €1,934 | €1,966 | +€31 | +1.6% |
| Suppliers | 440/4 | €1,934 | €1,966 | +€31 | +1.6% |
| Other amounts payable | 47/48 | €212,033 | €217,033 | +€5,000 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,583 | €27,583 | = | 0.0% |
| Other operating charges | 640/8 | €5,033 | €5,189 | +€156 | +3.1% |
| Gross operating margin | 9900 | €40,986 | €30,925 | -€10,061 | -24.5% |
| Operating profit (loss) | 9901 | €8,370 | -€1,847 | -€10,217 | |
| Financial charges | 65/66B | €19,439 | €19,061 | -€378 | -1.9% |
| Recurring financial charges | 65 | €19,439 | €19,061 | -€378 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,069 | -€20,908 | -€9,839 | -88.9% |
| Profit (loss) for the period | 9904 | -€11,069 | -€20,908 | -€9,839 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,069 | -€20,908 | -€9,839 | -88.9% |
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 8 October 2026 via checked.be.