GT4Projects: 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.
GT4Projects
Largest movements
- Cash +€22,591
up €22,591 (+89.0%), from €25,396 to €47,987
mainly Net result for the year (+€22,363) and Receivables within one year (+€7,845)
- Current investments +€12,000
up €12,000 (+26.4%), from €45,400 to €57,400
- Receivables within one year -€7,845
down €7,845 (-45.1%), from €17,403 to €9,558
of which Trade receivables: -€7,903
- Reserves +€22,363
up €22,363 (+35.9%), from €62,337 to €84,700
of which Distributable reserves: +€22,363
- Tax, wage and social debts +€3,591
up €3,591 (+108.9%), from €3,296 to €6,888
- Gross operating margin +€22,047
up €22,047 (+139.1%), from €15,851 to €37,898
- Taxes +€7,770
up €7,770 (+152.4%), from €5,097 to €12,867
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 | €89,419 | €116,856 | +€27,437 | +30.7% |
| Fixed assets | 21/28 | €848 | €1,499 | +€651 | +76.8% |
| Tangible fixed assets | 22/27 | €848 | €1,499 | +€651 | +76.8% |
| Furniture and vehicles | 24 | €848 | €1,499 | +€651 | +76.8% |
| Current assets | 29/58 | €88,571 | €115,357 | +€26,786 | +30.2% |
| Amounts receivable within one year | 40/41 | €17,403 | €9,558 | -€7,845 | -45.1% |
| Trade receivables | 40 | €17,403 | €9,499 | -€7,903 | -45.4% |
| Other amounts receivable | 41 | - | €59 | +€59 | |
| Current investments | 50/53 | €45,400 | €57,400 | +€12,000 | +26.4% |
| Cash at bank and in hand | 54/58 | €25,396 | €47,987 | +€22,591 | +89.0% |
| Deferred charges and accrued income | 490/1 | €372 | €412 | +€39 | +10.6% |
| Total equity and liabilities | 10/49 | €89,419 | €116,856 | +€27,437 | +30.7% |
| Equity | 10/15 | €80,937 | €103,300 | +€22,363 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,337 | €84,700 | +€22,363 | +35.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,477 | €82,840 | +€22,363 | +37.0% |
| Amounts payable | 17/49 | €8,482 | €13,556 | +€5,074 | +59.8% |
| Amounts payable within one year | 42/48 | €8,482 | €13,556 | +€5,074 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | - | €945 | +€945 | |
| Financial debts | 43 | €336 | €394 | +€58 | +17.3% |
| Credit institutions | 430/8 | €336 | €394 | +€58 | +17.3% |
| Trade debts | 44 | €1,026 | €1,781 | +€755 | +73.6% |
| Suppliers | 440/4 | €1,026 | €1,781 | +€755 | +73.6% |
| Taxes, remuneration and social security | 45 | €3,296 | €6,888 | +€3,591 | +108.9% |
| Taxes | 450/3 | €3,296 | €6,888 | +€3,591 | +108.9% |
| Other amounts payable | 47/48 | €3,824 | €3,549 | -€276 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €75 | -€350 | -82.4% |
| Other operating charges | 640/8 | €1,107 | €1,339 | +€231 | +20.9% |
| Non-recurring operating charges | 66A | - | €198 | +€198 | |
| Gross operating margin | 9900 | €15,851 | €37,898 | +€22,047 | +139.1% |
| Operating profit (loss) | 9901 | €14,318 | €36,286 | +€21,968 | +153.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +8600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8600.0% |
| Financial charges | 65/66B | €1,180 | €1,057 | -€123 | -10.4% |
| Recurring financial charges | 65 | €1,180 | €1,057 | -€123 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €13,138 | €35,230 | +€22,092 | +168.2% |
| Income taxes | 67/77 | €5,097 | €12,867 | +€7,770 | +152.4% |
| Profit (loss) for the period | 9904 | €8,041 | €22,363 | +€14,322 | +178.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,041 | €22,363 | +€14,322 | +178.1% |
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 10 October 2026 via checked.be.