Greg Inox Project: 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.
Greg Inox Project
Largest movements
- Cash -€22,158
down €22,158 (-36.9%), from €60,069 to €37,911
mainly Investment in fixed assets (net) (-€39,159) and Advances received (-€17,240)
- Tangible fixed assets +€21,866
up €21,866 (+72.7%), from €30,079 to €51,945
of which Furniture and vehicles: +€20,676
- Receivables within one year -€7,764
down €7,764 (-19.3%), from €40,260 to €32,496
of which Other amounts receivable: -€11,135
- Stocks and contracts -€3,953
down €3,953 (-12.5%), from €31,535 to €27,582
of which Contracts in progress: -€4,500
- Deferred charges and accrued income +€2,918
up €2,918 (+94.6%), from €3,084 to €6,002
- Advances received -€17,240
down €17,240 (-100%), from €17,240 to €0
- Debts after one year +€17,235
up €17,235 (+360%), from €4,786 to €22,021
- Trade debts -€8,180
down €8,180 (-23.4%), from €34,930 to €26,750
- Reserves +€3,000
up €3,000 (+8.3%), from €36,000 to €39,000
- Other debts -€2,670
down €2,670 (-7.6%), from €34,949 to €32,279
- Staff costs +€5,352
new in 2025: €5,352
- Financial charges +€4,917
up €4,917 (+1,214%), from €405 to €5,322
- Depreciation +€4,729
up €4,729 (+37.6%), from €12,564 to €17,293
- Gross operating margin +€3,813
up €3,813 (+10.9%), from €34,827 to €38,640
- Other operating charges +€3,234
up €3,234 (+161%), from €2,005 to €5,239
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 | €165,119 | €156,028 | -€9,091 | -5.5% |
| Fixed assets | 21/28 | €30,171 | €52,037 | +€21,866 | +72.5% |
| Tangible fixed assets | 22/27 | €30,079 | €51,945 | +€21,866 | +72.7% |
| Plant, machinery and equipment | 23 | €15,594 | €16,784 | +€1,190 | +7.6% |
| Furniture and vehicles | 24 | €14,485 | €35,161 | +€20,676 | +143% |
| Financial fixed assets | 28 | €92 | €92 | -€0 | -0.4% |
| Current assets | 29/58 | €134,948 | €103,991 | -€30,957 | -22.9% |
| Stocks and contracts in progress | 3 | €31,535 | €27,582 | -€3,953 | -12.5% |
| Stocks | 30/36 | €4,535 | €5,082 | +€547 | +12.1% |
| Contracts in progress | 37 | €27,000 | €22,500 | -€4,500 | -16.7% |
| Amounts receivable within one year | 40/41 | €40,260 | €32,496 | -€7,764 | -19.3% |
| Trade receivables | 40 | €19,693 | €23,065 | +€3,372 | +17.1% |
| Other amounts receivable | 41 | €20,567 | €9,432 | -€11,135 | -54.1% |
| Cash at bank and in hand | 54/58 | €60,069 | €37,911 | -€22,158 | -36.9% |
| Deferred charges and accrued income | 490/1 | €3,084 | €6,002 | +€2,918 | +94.6% |
| Total equity and liabilities | 10/49 | €165,119 | €156,028 | -€9,091 | -5.5% |
| Equity | 10/15 | €54,996 | €58,239 | +€3,243 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,000 | €39,000 | +€3,000 | +8.3% |
| Distributable reserves | 133 | €36,000 | €39,000 | +€3,000 | +8.3% |
| Profit (loss) carried forward | 14 | €396 | €639 | +€243 | +61.4% |
| Amounts payable | 17/49 | €110,123 | €97,789 | -€12,334 | -11.2% |
| Amounts payable after more than one year | 17 | €4,786 | €22,021 | +€17,235 | +360% |
| Financial debts | 170/4 | €4,786 | €22,021 | +€17,235 | +360% |
| Amounts payable within one year | 42/48 | €105,337 | €75,767 | -€29,570 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €6,382 | €5,773 | -€609 | -9.5% |
| Trade debts | 44 | €34,930 | €26,750 | -€8,180 | -23.4% |
| Suppliers | 440/4 | €34,930 | €26,750 | -€8,180 | -23.4% |
| Advances received on contracts in progress | 46 | €17,240 | €0 | -€17,240 | -100% |
| Taxes, remuneration and social security | 45 | €11,836 | €10,965 | -€871 | -7.4% |
| Taxes | 450/3 | €11,836 | €10,650 | -€1,186 | -10.0% |
| Remuneration and social security | 454/9 | - | €316 | +€316 | |
| Other amounts payable | 47/48 | €34,949 | €32,279 | -€2,670 | -7.6% |
| Non-recurring operating income | 76A | - | €25,133 | +€25,133 | |
| Remuneration, social security and pensions | 62 | - | €5,352 | +€5,352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,564 | €17,293 | +€4,729 | +37.6% |
| Other operating charges | 640/8 | €2,005 | €5,239 | +€3,234 | +161% |
| Non-recurring operating charges | 66A | €1,047 | €0 | -€1,047 | -100% |
| Gross operating margin | 9900 | €34,827 | €38,640 | +€3,813 | +10.9% |
| Operating profit (loss) | 9901 | €19,211 | €10,755 | -€8,456 | -44.0% |
| Financial income | 75/76B | €913 | €1,917 | +€1,004 | +110% |
| Recurring financial income | 75 | €913 | €1,917 | +€1,004 | +110% |
| Financial charges | 65/66B | €405 | €5,322 | +€4,917 | +1,214% |
| Recurring financial charges | 65 | €405 | €5,322 | +€4,917 | +1,214% |
| Profit (loss) for the period before taxes | 9903 | €19,719 | €7,351 | -€12,368 | -62.7% |
| Income taxes | 67/77 | €5,042 | €4,108 | -€934 | -18.5% |
| Profit (loss) for the period | 9904 | €14,677 | €3,243 | -€11,434 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,677 | €3,243 | -€11,434 | -77.9% |
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 25 October 2026 via checked.be.