G.C.I. CONSTRUCT: what changed
Two fiscal 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.C.I. CONSTRUCT
Largest movements
- Receivables within one year +€293,733
up €293,733 (+44.1%), from €666,672 to €960,404
of which Trade receivables: +€295,731
- Trade debts +€131,752
up €131,752 (+39.7%), from €331,554 to €463,305
- Profit (loss) carried forward +€111,477
up €111,477 (+99.0%), from €112,623 to €224,099
- Reserves +€50,000
up €50,000 (+34.5%), from €144,860 to €194,860
- Other debts -€14,300
down €14,300 (-47.2%), from €30,300 to €16,000
- Tax, wage and social debts +€11,285
up €11,285 (+18.6%), from €60,627 to €71,913
of which Taxes: +€15,885
- Gross operating margin +€141,303
up €141,303 (+96.9%), from €145,892 to €287,196
- Taxes +€39,457
up €39,457 (+109.1%), from €36,170 to €75,627
- Other operating charges +€21,539
up €21,539 (+1046.5%), from €2,058 to €23,597
- Depreciation -€4,662
down €4,662 (-29.5%), from €15,830 to €11,168
- Financial charges -€3,379
down €3,379 (-47.7%), from €7,082 to €3,703
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 | €742,704 | €1,042,941 | +€300,236 | +40.4% |
| Fixed assets | 21/28 | €65,616 | €64,365 | -€1,250 | -1.9% |
| Tangible fixed assets | 22/27 | €64,056 | €62,805 | -€1,250 | -2.0% |
| Plant, machinery and equipment | 23 | €6,021 | €5,563 | -€457 | -7.6% |
| Furniture and vehicles | 24 | €58,035 | €57,242 | -€793 | -1.4% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €677,089 | €978,575 | +€301,486 | +44.5% |
| Amounts receivable within one year | 40/41 | €666,672 | €960,404 | +€293,733 | +44.1% |
| Trade receivables | 40 | €564,583 | €860,314 | +€295,731 | +52.4% |
| Other amounts receivable | 41 | €102,088 | €100,090 | -€1,998 | -2.0% |
| Cash at bank and in hand | 54/58 | €1,386 | €6,557 | +€5,170 | +373.0% |
| Deferred charges and accrued income | 490/1 | €9,031 | €11,614 | +€2,583 | +28.6% |
| Total equity and liabilities | 10/49 | €742,704 | €1,042,941 | +€300,236 | +40.4% |
| Equity | 10/15 | €276,083 | €437,559 | +€161,477 | +58.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,860 | €194,860 | +€50,000 | +34.5% |
| Distributable reserves | 133 | €144,860 | €194,860 | +€50,000 | +34.5% |
| Profit (loss) carried forward | 14 | €112,623 | €224,099 | +€111,477 | +99.0% |
| Amounts payable | 17/49 | €466,622 | €605,382 | +€138,760 | +29.7% |
| Amounts payable after more than one year | 17 | €33,582 | €43,927 | +€10,345 | +30.8% |
| Financial debts | 170/4 | €33,582 | €43,927 | +€10,345 | +30.8% |
| Amounts payable within one year | 42/48 | €433,040 | €561,455 | +€128,415 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €10,559 | €10,237 | -€322 | -3.0% |
| Trade debts | 44 | €331,554 | €463,305 | +€131,752 | +39.7% |
| Suppliers | 440/4 | €331,554 | €463,305 | +€131,752 | +39.7% |
| Taxes, remuneration and social security | 45 | €60,627 | €71,913 | +€11,285 | +18.6% |
| Taxes | 450/3 | €54,027 | €69,913 | +€15,885 | +29.4% |
| Remuneration and social security | 454/9 | €6,600 | €2,000 | -€4,600 | -69.7% |
| Other amounts payable | 47/48 | €30,300 | €16,000 | -€14,300 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,830 | €11,168 | -€4,662 | -29.5% |
| Other operating charges | 640/8 | €2,058 | €23,597 | +€21,539 | +1046.5% |
| Gross operating margin | 9900 | €145,892 | €287,196 | +€141,303 | +96.9% |
| Operating profit (loss) | 9901 | €128,004 | €252,430 | +€124,426 | +97.2% |
| Financial income | 75/76B | €313 | €2,662 | +€2,349 | +749.5% |
| Recurring financial income | 75 | €313 | €2,662 | +€2,349 | +749.5% |
| Financial charges | 65/66B | €7,082 | €3,703 | -€3,379 | -47.7% |
| Recurring financial charges | 65 | €7,082 | €3,703 | -€3,379 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €121,235 | €251,389 | +€130,154 | +107.4% |
| Income taxes | 67/77 | €36,170 | €75,627 | +€39,457 | +109.1% |
| Profit (loss) for the period | 9904 | €85,065 | €175,762 | +€90,697 | +106.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,065 | €175,762 | +€90,697 | +106.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.