G BOUW: 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 BOUW
Largest movements
- Receivables within one year +€61,670
up €61,670 (+205%), from €30,098 to €91,768
of which Other amounts receivable: +€59,669
- Cash +€28,541
up €28,541 (+23.9%), from €119,438 to €147,979
mainly Net result for the year (+€99,007) and Stocks and contracts (+€7,462)
- Stocks and contracts -€7,462
down €7,462 (-79.9%), from €9,342 to €1,881
- Tangible fixed assets +€6,879
up €6,879 (+39.2%), from €17,546 to €24,425
- Reserves +€99,007
up €99,007 (+74.2%), from €133,477 to €232,484
- Tax, wage and social debts -€6,612
down €6,612 (-17.1%), from €38,628 to €32,016
- Other debts -€4,416
no longer reported in 2025 (was €4,416)
- Gross operating margin +€17,919
up €17,919 (+13.3%), from €135,025 to €152,944
- Staff costs +€7,462
new in 2025: €7,462
- Taxes +€7,057
up €7,057 (+20.1%), from €35,032 to €42,089
- Depreciation -€6,162
down €6,162 (-48.0%), from €12,837 to €6,675
- Financial income +€3,373
up €3,373 (+2,004%), from €168 to €3,542
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 | €177,590 | €268,190 | +€90,600 | +51.0% |
| Fixed assets | 21/28 | €17,546 | €24,425 | +€6,879 | +39.2% |
| Tangible fixed assets | 22/27 | €17,546 | €24,425 | +€6,879 | +39.2% |
| Furniture and vehicles | 24 | €17,546 | €24,425 | +€6,879 | +39.2% |
| Current assets | 29/58 | €160,044 | €243,766 | +€83,721 | +52.3% |
| Stocks and contracts in progress | 3 | €9,342 | €1,881 | -€7,462 | -79.9% |
| Stocks | 30/36 | €9,342 | €1,881 | -€7,462 | -79.9% |
| Amounts receivable within one year | 40/41 | €30,098 | €91,768 | +€61,670 | +205% |
| Trade receivables | 40 | €30,098 | €32,099 | +€2,001 | +6.6% |
| Other amounts receivable | 41 | - | €59,669 | +€59,669 | |
| Cash at bank and in hand | 54/58 | €119,438 | €147,979 | +€28,541 | +23.9% |
| Deferred charges and accrued income | 490/1 | €1,166 | €2,138 | +€972 | +83.3% |
| Total equity and liabilities | 10/49 | €177,590 | €268,190 | +€90,600 | +51.0% |
| Equity | 10/15 | €133,412 | €232,419 | +€99,007 | +74.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €133,477 | €232,484 | +€99,007 | +74.2% |
| Distributable reserves | 133 | €133,477 | €232,484 | +€99,007 | +74.2% |
| Profit (loss) carried forward | 14 | -€10,065 | -€10,065 | = | 0.0% |
| Amounts payable | 17/49 | €44,178 | €35,772 | -€8,407 | -19.0% |
| Amounts payable within one year | 42/48 | €44,178 | €35,772 | -€8,407 | -19.0% |
| Trade debts | 44 | €1,135 | €3,756 | +€2,621 | +231% |
| Suppliers | 440/4 | €1,135 | €3,756 | +€2,621 | +231% |
| Taxes, remuneration and social security | 45 | €38,628 | €32,016 | -€6,612 | -17.1% |
| Taxes | 450/3 | €38,628 | €32,016 | -€6,612 | -17.1% |
| Other amounts payable | 47/48 | €4,416 | - | -€4,416 | |
| Non-recurring operating income | 76A | - | €7,509 | +€7,509 | |
| Remuneration, social security and pensions | 62 | - | €7,462 | +€7,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,837 | €6,675 | -€6,162 | -48.0% |
| Other operating charges | 640/8 | €53 | €902 | +€849 | +1,603% |
| Gross operating margin | 9900 | €135,025 | €152,944 | +€17,919 | +13.3% |
| Operating profit (loss) | 9901 | €122,135 | €137,905 | +€15,770 | +12.9% |
| Financial income | 75/76B | €168 | €3,542 | +€3,373 | +2,004% |
| Recurring financial income | 75 | €168 | €3,542 | +€3,373 | +2,004% |
| Financial charges | 65/66B | €104 | €350 | +€246 | +236% |
| Recurring financial charges | 65 | €104 | €350 | +€246 | +236% |
| Profit (loss) for the period before taxes | 9903 | €122,199 | €141,096 | +€18,897 | +15.5% |
| Income taxes | 67/77 | €35,032 | €42,089 | +€7,057 | +20.1% |
| Profit (loss) for the period | 9904 | €87,167 | €99,007 | +€11,840 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,167 | €99,007 | +€11,840 | +13.6% |
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 18 October 2026 via checked.be.