G-BUILD: 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.
What changed
G-BUILD
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€42,356
2024 · €16,561-€58,916
Equity
€463,232
2024 · €505,588-€42,356
Cash
€6,938
2024 · €15,019-€8,081
Balance sheet total
€6.2m
2024 · €6.1m+€134,207
Largest movements
Assets
- Stocks and contracts +€674,477
up €674,477 (+26.5%), from €2.5m to €3.2m
of which Contracts in progress: +€624,477
- Receivables within one year -€467,902
down €467,902 (-15.3%), from €3.1m to €2.6m
of which Trade receivables: -€523,857
- Tangible fixed assets -€70,102
down €70,102 (-16.1%), from €435,754 to €365,653
Equity and liabilities
- Advances received +€417,364
up €417,364 (+18.0%), from €2.3m to €2.7m
- Trade debts -€248,553
down €248,553 (-14.9%), from €1.7m to €1.4m
Income statement
- Staff costs +€37,429
up €37,429 (+2.2%), from €1.7m to €1.7m
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.
Result 2024
€16,561
Gross operating margin
-€14,860
Staff costs
-€37,429
Depreciation
-€393
Other operating charges
+€1,653
Financial income
-€2,917
Financial charges
-€4,899
Taxes
-€70
Result 2025
-€42,356
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.
From operations
+€83,644
Investment
-€15,797
Financing
-€75,929
Cash 2024
€15,019
From operations (derived)
+€83,644
Net result for the year
-€42,356
Depreciation
+€85,727
Stocks and contracts
-€674,477
Receivables within one year
+€467,902
Deferred charges and accrued income
-€5,644
Trade debts
-€248,553
Tax, wage and social debts
+€46,042
Advances received
+€417,364
Accrued charges and deferred income
+€37,640
Investment (derived)
-€15,797
Investment in fixed assets (net)
-€15,797
Financing
-€75,929
Debts after one year
-€26,163
Current portion of long-term debt
-€49,766
Cash 2025
€6,938
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,101,841 | €6,236,049 | +€134,207 | +2.2% |
| Fixed assets | 21/28 | €454,005 | €384,075 | -€69,930 | -15.4% |
| Tangible fixed assets | 22/27 | €435,754 | €365,653 | -€70,102 | -16.1% |
| Land and buildings | 22 | €235,100 | €213,782 | -€21,319 | -9.1% |
| Plant, machinery and equipment | 23 | €111,257 | €84,979 | -€26,278 | -23.6% |
| Furniture and vehicles | 24 | €13,008 | €15,277 | +€2,269 | +17.4% |
| Leasing and similar rights | 25 | €76,390 | €51,615 | -€24,775 | -32.4% |
| Financial fixed assets | 28 | €18,250 | €18,422 | +€172 | +0.9% |
| Current assets | 29/58 | €5,647,836 | €5,851,974 | +€204,138 | +3.6% |
| Stocks and contracts in progress | 3 | €2,548,343 | €3,222,819 | +€674,477 | +26.5% |
| Stocks | 30/36 | - | €50,000 | +€50,000 | |
| Contracts in progress | 37 | €2,548,343 | €3,172,819 | +€624,477 | +24.5% |
| Amounts receivable within one year | 40/41 | €3,067,707 | €2,599,804 | -€467,902 | -15.3% |
| Trade receivables | 40 | €2,963,757 | €2,439,900 | -€523,857 | -17.7% |
| Other amounts receivable | 41 | €103,950 | €159,905 | +€55,955 | +53.8% |
| Cash at bank and in hand | 54/58 | €15,019 | €6,938 | -€8,081 | -53.8% |
| Deferred charges and accrued income | 490/1 | €16,768 | €22,413 | +€5,644 | +33.7% |
| Total equity and liabilities | 10/49 | €6,101,841 | €6,236,049 | +€134,207 | +2.2% |
| Equity | 10/15 | €505,588 | €463,232 | -€42,356 | -8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €485,128 | €442,772 | -€42,356 | -8.7% |
| Amounts payable | 17/49 | €5,596,253 | €5,772,816 | +€176,563 | +3.2% |
| Amounts payable after more than one year | 17 | €896,640 | €870,477 | -€26,163 | -2.9% |
| Financial debts | 170/4 | €896,640 | €870,477 | -€26,163 | -2.9% |
| Amounts payable within one year | 42/48 | €4,699,613 | €4,864,699 | +€165,086 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €75,919 | €26,153 | -€49,766 | -65.6% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €1,664,525 | €1,415,971 | -€248,553 | -14.9% |
| Suppliers | 440/4 | €1,664,525 | €1,415,971 | -€248,553 | -14.9% |
| Advances received on contracts in progress | 46 | €2,314,632 | €2,731,996 | +€417,364 | +18.0% |
| Taxes, remuneration and social security | 45 | €144,538 | €190,579 | +€46,042 | +31.9% |
| Taxes | 450/3 | €2,599 | €12,960 | +€10,361 | +398.7% |
| Remuneration and social security | 454/9 | €141,939 | €177,619 | +€35,681 | +25.1% |
| Accrued charges and deferred income | 492/3 | - | €37,640 | +€37,640 | |
| Non-recurring operating income | 76A | - | €3,715 | +€3,715 | |
| Remuneration, social security and pensions | 62 | €1,696,466 | €1,733,894 | +€37,429 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,334 | €85,727 | +€393 | +0.5% |
| Other operating charges | 640/8 | €13,185 | €11,532 | -€1,653 | -12.5% |
| Gross operating margin | 9900 | €1,892,025 | €1,877,166 | -€14,860 | -0.8% |
| Operating profit (loss) | 9901 | €97,041 | €46,012 | -€51,029 | -52.6% |
| Financial income | 75/76B | €9,499 | €6,582 | -€2,917 | -30.7% |
| Recurring financial income | 75 | €9,499 | €6,582 | -€2,917 | -30.7% |
| Financial charges | 65/66B | €87,377 | €92,277 | +€4,899 | +5.6% |
| Recurring financial charges | 65 | €87,377 | €92,277 | +€4,899 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €19,163 | -€39,683 | -€58,846 | |
| Income taxes | 67/77 | €2,602 | €2,672 | +€70 | +2.7% |
| Profit (loss) for the period | 9904 | €16,561 | -€42,356 | -€58,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,561 | -€42,356 | -€58,916 |
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 12 October 2026 via checked.be.