G&A 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.
G&A CONSTRUCT
Largest movements
- Deferred charges and accrued income +€11,069
up €11,069 (+627.0%), from €1,765 to €12,835
- Cash -€10,916
down €10,916 (-96.5%), from €11,312 to €396
mainly Net result for the year (-€13,788) and Deferred charges and accrued income (-€11,069)
- Receivables within one year -€8,013
down €8,013 (-24.8%), from €32,345 to €24,332
of which Trade receivables: -€19,608
- Stocks and contracts +€1,568
up €1,568 (+26.4%), from €5,932 to €7,500
- Tangible fixed assets +€1,145
up €1,145 (+6.5%), from €17,758 to €18,903
of which Land and buildings: +€3,202
- Trade debts +€22,619
up €22,619 (+874.8%), from €2,586 to €25,205
- Reserves -€13,788
down €13,788 (-35.8%), from €38,519 to €24,731
- Tax, wage and social debts -€10,930
down €10,930 (-86.5%), from €12,630 to €1,700
of which Taxes: -€11,180
- Debts after one year -€2,754
no longer reported in 2025 (was €2,754)
- Current portion of long-term debt -€2,652
down €2,652 (-49.1%), from €5,407 to €2,754
- Gross operating margin -€72,079
down €72,079, from €57,464 to -€14,615
- Taxes -€13,888
down €13,888 (-97.9%), from €14,180 to €291
- Financial income +€13,834
up €13,834 (+1832.2%), from €755 to €14,589
of which Non-recurring financial income: +€13,554
- Depreciation +€1,495
up €1,495 (+21.4%), from €6,982 to €8,478
- Financial charges +€1,281
up €1,281 (+180.4%), from €710 to €1,990
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 | €69,112 | €63,966 | -€5,146 | -7.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €17,758 | €18,903 | +€1,145 | +6.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €17,758 | €18,903 | +€1,145 | +6.5% |
| Land and buildings | 22 | €3,959 | €7,162 | +€3,202 | +80.9% |
| Plant, machinery and equipment | 23 | €0 | €1,054 | +€1,054 | |
| Furniture and vehicles | 24 | €5,718 | €7,818 | +€2,101 | +36.7% |
| Leasing and similar rights | 25 | €8,081 | €2,870 | -€5,211 | -64.5% |
| Current assets | 29/58 | €51,354 | €45,063 | -€6,292 | -12.3% |
| Stocks and contracts in progress | 3 | €5,932 | €7,500 | +€1,568 | +26.4% |
| Stocks | 30/36 | €5,932 | €7,500 | +€1,568 | +26.4% |
| Amounts receivable within one year | 40/41 | €32,345 | €24,332 | -€8,013 | -24.8% |
| Trade receivables | 40 | €23,909 | €4,301 | -€19,608 | -82.0% |
| Other amounts receivable | 41 | €8,436 | €20,032 | +€11,595 | +137.4% |
| Cash at bank and in hand | 54/58 | €11,312 | €396 | -€10,916 | -96.5% |
| Deferred charges and accrued income | 490/1 | €1,765 | €12,835 | +€11,069 | +627.0% |
| Total equity and liabilities | 10/49 | €69,112 | €63,966 | -€5,146 | -7.4% |
| Equity | 10/15 | €44,719 | €30,931 | -€13,788 | -30.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,519 | €24,731 | -€13,788 | -35.8% |
| Distributable reserves | 133 | €38,519 | €24,731 | -€13,788 | -35.8% |
| Amounts payable | 17/49 | €24,393 | €33,035 | +€8,642 | +35.4% |
| Amounts payable after more than one year | 17 | €2,754 | - | -€2,754 | |
| Financial debts | 170/4 | €2,754 | - | -€2,754 | |
| Amounts payable within one year | 42/48 | €21,639 | €33,035 | +€11,396 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €5,407 | €2,754 | -€2,652 | -49.1% |
| Financial debts | 43 | €1,016 | €3,375 | +€2,359 | +232.1% |
| Credit institutions | 430/8 | €1,016 | €3,375 | +€2,359 | +232.1% |
| Trade debts | 44 | €2,586 | €25,205 | +€22,619 | +874.8% |
| Suppliers | 440/4 | €2,586 | €25,205 | +€22,619 | +874.8% |
| Taxes, remuneration and social security | 45 | €12,630 | €1,700 | -€10,930 | -86.5% |
| Taxes | 450/3 | €12,630 | €1,450 | -€11,180 | -88.5% |
| Remuneration and social security | 454/9 | - | €250 | +€250 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,982 | €8,478 | +€1,495 | +21.4% |
| Other operating charges | 640/8 | €2,633 | €3,003 | +€370 | +14.1% |
| Gross operating margin | 9900 | €57,464 | -€14,615 | -€72,079 | |
| Operating profit (loss) | 9901 | €47,849 | -€26,096 | -€73,945 | |
| Financial income | 75/76B | €755 | €14,589 | +€13,834 | +1832.2% |
| Recurring financial income | 75 | €755 | €1,036 | +€281 | +37.2% |
| Non-recurring financial income | 76B | - | €13,554 | +€13,554 | |
| Financial charges | 65/66B | €710 | €1,990 | +€1,281 | +180.4% |
| Recurring financial charges | 65 | €710 | €1,990 | +€1,281 | +180.4% |
| Profit (loss) for the period before taxes | 9903 | €47,895 | -€13,497 | -€61,391 | |
| Income taxes | 67/77 | €14,180 | €291 | -€13,888 | -97.9% |
| Profit (loss) for the period | 9904 | €33,715 | -€13,788 | -€47,503 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,715 | -€13,788 | -€47,503 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.