BENOIT GHISLAIN CONSTRUCT: 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.
BENOIT GHISLAIN CONSTRUCT
Largest movements
- Tangible fixed assets -€11,397
down €11,397 (-34.0%), from €33,514 to €22,118
of which Furniture and vehicles: -€10,522
- Cash +€5,319
up €5,319 (+96.7%), from €5,497 to €10,816
mainly Accrued charges and deferred income (+€14,927) and Other debts (+€13,754)
- Receivables within one year +€1,799
up €1,799 (+1.6%), from €109,708 to €111,507
of which Other amounts receivable: +€10,110
- Trade debts -€51,165
down €51,165 (-67.5%), from €75,777 to €24,611
- Accrued charges and deferred income +€14,927
up €14,927 (+1132.2%), from €1,318 to €16,246
- Other debts +€13,754
up €13,754 (+1770.3%), from €777 to €14,531
- Profit (loss) carried forward +€12,350
new in 2025: €12,350
- Tax, wage and social debts +€6,308
up €6,308 (+3472.5%), from €182 to €6,490
of which Taxes: +€5,837
- Gross operating margin +€47,728
up €47,728, from -€1,066 to €46,662
- Taxes +€16,745
up €16,745 (+1616.6%), from €1,036 to €17,781
- Depreciation +€3,539
up €3,539 (+45.0%), from €7,858 to €11,397
- Other operating charges +€1,891
up €1,891 (+152.8%), from €1,238 to €3,129
- Financial charges +€805
up €805 (+123.5%), from €652 to €1,457
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 | €150,141 | €146,316 | -€3,825 | -2.5% |
| Fixed assets | 21/28 | €33,514 | €22,118 | -€11,397 | -34.0% |
| Tangible fixed assets | 22/27 | €33,514 | €22,118 | -€11,397 | -34.0% |
| Plant, machinery and equipment | 23 | €1,045 | €169 | -€875 | -83.8% |
| Furniture and vehicles | 24 | €32,470 | €21,948 | -€10,522 | -32.4% |
| Current assets | 29/58 | €116,627 | €124,198 | +€7,572 | +6.5% |
| Amounts receivable within one year | 40/41 | €109,708 | €111,507 | +€1,799 | +1.6% |
| Trade receivables | 40 | €105,372 | €97,061 | -€8,311 | -7.9% |
| Other amounts receivable | 41 | €4,336 | €14,446 | +€10,110 | +233.2% |
| Cash at bank and in hand | 54/58 | €5,497 | €10,816 | +€5,319 | +96.7% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,876 | +€454 | +32.0% |
| Total equity and liabilities | 10/49 | €150,141 | €146,316 | -€3,825 | -2.5% |
| Equity | 10/15 | €72,087 | €84,438 | +€12,350 | +17.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,087 | €69,087 | = | 0.0% |
| Distributable reserves | 133 | €69,087 | €69,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €12,350 | +€12,350 | |
| Amounts payable | 17/49 | €78,054 | €61,878 | -€16,176 | -20.7% |
| Amounts payable within one year | 42/48 | €76,735 | €45,632 | -€31,103 | -40.5% |
| Trade debts | 44 | €75,777 | €24,611 | -€51,165 | -67.5% |
| Suppliers | 440/4 | €75,777 | €24,611 | -€51,165 | -67.5% |
| Taxes, remuneration and social security | 45 | €182 | €6,490 | +€6,308 | +3472.5% |
| Taxes | 450/3 | €182 | €6,019 | +€5,837 | +3213.0% |
| Remuneration and social security | 454/9 | - | €471 | +€471 | |
| Other amounts payable | 47/48 | €777 | €14,531 | +€13,754 | +1770.3% |
| Accrued charges and deferred income | 492/3 | €1,318 | €16,246 | +€14,927 | +1132.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,858 | €11,397 | +€3,539 | +45.0% |
| Other operating charges | 640/8 | €1,238 | €3,129 | +€1,891 | +152.8% |
| Non-recurring operating charges | 66A | - | €620 | +€620 | |
| Gross operating margin | 9900 | -€1,066 | €46,662 | +€47,728 | |
| Operating profit (loss) | 9901 | -€10,162 | €31,517 | +€41,678 | |
| Financial income | 75/76B | €1 | €72 | +€71 | +9314.5% |
| Recurring financial income | 75 | €1 | €72 | +€71 | +9314.5% |
| Financial charges | 65/66B | €652 | €1,457 | +€805 | +123.5% |
| Recurring financial charges | 65 | €652 | €1,457 | +€805 | +123.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,813 | €30,131 | +€40,944 | |
| Income taxes | 67/77 | €1,036 | €17,781 | +€16,745 | +1616.6% |
| Profit (loss) for the period | 9904 | -€11,849 | €12,350 | +€24,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,849 | €12,350 | +€24,199 |
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 12 October 2026 via checked.be.