BELGIAN GENERAL CONTRACTORS: 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.
BELGIAN GENERAL CONTRACTORS
Largest movements
- Receivables within one year +€8,250
up €8,250 (+36.4%), from €22,653 to €30,902
of which Trade receivables: +€9,831
- Other debts +€10,223
up €10,223 (+41.7%), from €24,503 to €34,727
- Profit (loss) carried forward -€5,141
down €5,141 (-7.3%), from -€70,190 to -€75,331
- Trade debts +€2,182
up €2,182 (+12.1%), from €18,063 to €20,244
- Accrued charges and deferred income +€866
up €866 (+374%), from €231 to €1,097
- Other operating charges -€53,743
down €53,743 (-97.9%), from €54,918 to €1,176
- Gross operating margin +€9,860
up €9,860 (+90.9%), from -€10,851 to -€991
- Financial charges -€4,345
down €4,345 (-75.1%), from €5,783 to €1,438
of which Financial charges: -€2,279
- Financial income +€201
up €201 (+2,324%), from €9 to €209
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 | €22,800 | €30,902 | +€8,103 | +35.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €22,800 | €30,902 | +€8,103 | +35.5% |
| Amounts receivable within one year | 40/41 | €22,653 | €30,902 | +€8,250 | +36.4% |
| Trade receivables | 40 | €20,002 | €29,834 | +€9,831 | +49.2% |
| Other amounts receivable | 41 | €2,651 | €1,069 | -€1,582 | -59.7% |
| Cash at bank and in hand | 54/58 | €22 | €0 | -€22 | -99.4% |
| Deferred charges and accrued income | 490/1 | €125 | €0 | -€125 | -100% |
| Total equity and liabilities | 10/49 | €22,800 | €30,902 | +€8,103 | +35.5% |
| Equity | 10/15 | -€34,409 | -€39,550 | -€5,141 | -14.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €4,795 | €4,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,696 | €1,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,190 | -€75,331 | -€5,141 | -7.3% |
| Amounts payable | 17/49 | €57,208 | €70,452 | +€13,244 | +23.2% |
| Amounts payable within one year | 42/48 | €56,977 | €69,355 | +€12,378 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,499 | €2,496 | -€3 | -0.1% |
| Credit institutions | 430/8 | €2,499 | €2,496 | -€3 | -0.1% |
| Trade debts | 44 | €18,063 | €20,244 | +€2,182 | +12.1% |
| Suppliers | 440/4 | €18,063 | €20,244 | +€2,182 | +12.1% |
| Advances received on contracts in progress | 46 | €10,999 | €10,999 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €913 | €889 | -€24 | -2.6% |
| Taxes | 450/3 | €913 | €889 | -€24 | -2.6% |
| Other amounts payable | 47/48 | €24,503 | €34,727 | +€10,223 | +41.7% |
| Accrued charges and deferred income | 492/3 | €231 | €1,097 | +€866 | +374% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €54,918 | €1,176 | -€53,743 | -97.9% |
| Non-recurring operating charges | 66A | €0 | €1,248 | +€1,248 | |
| Gross operating margin | 9900 | -€10,851 | -€991 | +€9,860 | +90.9% |
| Operating profit (loss) | 9901 | -€65,769 | -€3,414 | +€62,355 | +94.8% |
| Financial income | 75/76B | €9 | €209 | +€201 | +2,324% |
| Recurring financial income | 75 | €9 | €209 | +€201 | +2,324% |
| Financial charges | 65/66B | €5,783 | €1,438 | -€4,345 | -75.1% |
| Recurring financial charges | 65 | €3,717 | €1,438 | -€2,279 | -61.3% |
| Non-recurring financial charges | 66B | €2,067 | €0 | -€2,067 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€71,544 | -€4,643 | +€66,901 | +93.5% |
| Income taxes | 67/77 | €391 | €498 | +€106 | +27.2% |
| Profit (loss) for the period | 9904 | -€71,936 | -€5,141 | +€66,794 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,936 | -€5,141 | +€66,794 | +92.9% |
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.