G-BOUW: what changed
G-BOUW
Largest movements
- Tangible fixed assets +€62,919
up €62,919 (+536%), from €11,736 to €74,656
of which Furniture and vehicles: +€56,164
- Receivables within one year +€23,157
up €23,157 (+131%), from €17,655 to €40,811
of which Other amounts receivable: +€18,157
- Cash -€17,039
down €17,039 (-19.5%), from €87,429 to €70,390
mainly Investment in fixed assets (net) (-€68,294) and Receivables within one year (-€23,157)
- Reserves +€29,001
up €29,001 (+46.0%), from €63,044 to €92,046
- Debts after one year +€19,563
up €19,563 (+74.5%), from €26,256 to €45,819
- Tax, wage and social debts +€11,186
up €11,186 (+153%), from €7,295 to €18,482
of which Taxes: +€13,686
- Current portion of long-term debt +€6,695
up €6,695 (+81.6%), from €8,207 to €14,902
- Trade debts +€3,595
up €3,595 (+37.4%), from €9,614 to €13,209
- Gross operating margin -€25,198
down €25,198 (-33.3%), from €75,702 to €50,503
- Taxes -€6,296
down €6,296 (-34.7%), from €18,139 to €11,843
- Financial charges +€3,303
up €3,303 (+227%), from €1,453 to €4,756
- Depreciation -€3,255
down €3,255 (-37.7%), from €8,640 to €5,385
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,417 | €187,458 | +€70,041 | +59.7% |
| Fixed assets | 21/28 | €11,786 | €74,696 | +€62,909 | +534% |
| Intangible fixed assets | 21 | €50 | €40 | -€10 | -20.0% |
| Tangible fixed assets | 22/27 | €11,736 | €74,656 | +€62,919 | +536% |
| Land and buildings | 22 | €3,291 | €9,010 | +€5,719 | +174% |
| Plant, machinery and equipment | 23 | €2,723 | €3,759 | +€1,036 | +38.1% |
| Furniture and vehicles | 24 | €5,723 | €61,886 | +€56,164 | +981% |
| Current assets | 29/58 | €105,631 | €112,762 | +€7,132 | +6.8% |
| Amounts receivable within one year | 40/41 | €17,655 | €40,811 | +€23,157 | +131% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €17,655 | €35,811 | +€18,157 | +103% |
| Cash at bank and in hand | 54/58 | €87,429 | €70,390 | -€17,039 | -19.5% |
| Deferred charges and accrued income | 490/1 | €547 | €1,561 | +€1,014 | +185% |
| Total equity and liabilities | 10/49 | €117,417 | €187,458 | +€70,041 | +59.7% |
| Equity | 10/15 | €66,044 | €95,046 | +€29,001 | +43.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,044 | €92,046 | +€29,001 | +46.0% |
| Distributable reserves | 133 | €63,044 | €92,046 | +€29,001 | +46.0% |
| Amounts payable | 17/49 | €51,373 | €92,412 | +€41,039 | +79.9% |
| Amounts payable after more than one year | 17 | €26,256 | €45,819 | +€19,563 | +74.5% |
| Financial debts | 170/4 | €26,256 | €45,819 | +€19,563 | +74.5% |
| Amounts payable within one year | 42/48 | €25,117 | €46,593 | +€21,477 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €8,207 | €14,902 | +€6,695 | +81.6% |
| Trade debts | 44 | €9,614 | €13,209 | +€3,595 | +37.4% |
| Suppliers | 440/4 | €9,614 | €13,209 | +€3,595 | +37.4% |
| Taxes, remuneration and social security | 45 | €7,295 | €18,482 | +€11,186 | +153% |
| Taxes | 450/3 | €4,795 | €18,482 | +€13,686 | +285% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Non-recurring operating income | 76A | €34,100 | €9,248 | -€24,852 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,640 | €5,385 | -€3,255 | -37.7% |
| Other operating charges | 640/8 | €1,052 | €737 | -€315 | -30.0% |
| Non-recurring operating charges | 66A | €1,127 | - | -€1,127 | |
| Gross operating margin | 9900 | €75,702 | €50,503 | -€25,198 | -33.3% |
| Operating profit (loss) | 9901 | €64,882 | €44,382 | -€20,501 | -31.6% |
| Financial income | 75/76B | €1,396 | €1,219 | -€177 | -12.7% |
| Recurring financial income | 75 | €1,396 | €1,219 | -€177 | -12.7% |
| Financial charges | 65/66B | €1,453 | €4,756 | +€3,303 | +227% |
| Recurring financial charges | 65 | €1,453 | €4,756 | +€3,303 | +227% |
| Profit (loss) for the period before taxes | 9903 | €64,826 | €40,845 | -€23,981 | -37.0% |
| Income taxes | 67/77 | €18,139 | €11,843 | -€6,296 | -34.7% |
| Profit (loss) for the period | 9904 | €46,687 | €29,001 | -€17,685 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,687 | €29,001 | -€17,685 | -37.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.