G & G 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 & G CONSTRUCT
Largest movements
- Cash -€148,765
down €148,765 (-73.1%), from €203,555 to €54,789
mainly Advances received (-€128,673) and Net result for the year (-€123,044)
- Tangible fixed assets -€104,766
down €104,766 (-27.4%), from €382,370 to €277,604
of which Land and buildings: -€64,210
- Stocks and contracts +€81,562
up €81,562 (+20.5%), from €398,231 to €479,793
- Receivables within one year +€25,971
up €25,971 (+1.8%), from €1.4m to €1.5m
of which Other amounts receivable: +€462,254
- Trade debts +€136,208
up €136,208 (+32.6%), from €417,757 to €553,965
- Advances received -€128,673
down €128,673 (-26.1%), from €493,445 to €364,772
- Profit (loss) carried forward -€123,044
down €123,044 (-31.9%), from -€386,177 to -€509,222
- Debts after one year -€26,704
down €26,704 (-49.7%), from €53,783 to €27,079
- Other operating charges +€133,380
up €133,380 (+776.3%), from €17,182 to €150,562
- Write-downs -€125,579
down €125,579 (-2061.7%), from -€6,091 to -€131,670
- Staff costs -€64,062
down €64,062 (-5.1%), from €1.3m to €1.2m
- Gross operating margin -€63,096
down €63,096 (-4.9%), from €1.3m to €1.2m
- Depreciation -€19,551
down €19,551 (-13.7%), from €142,596 to €123,045
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 | €2,460,752 | €2,300,383 | -€160,370 | -6.5% |
| Fixed assets | 21/28 | €421,626 | €303,854 | -€117,772 | -27.9% |
| Intangible fixed assets | 21 | €38,627 | €25,621 | -€13,006 | -33.7% |
| Tangible fixed assets | 22/27 | €382,370 | €277,604 | -€104,766 | -27.4% |
| Land and buildings | 22 | €264,562 | €200,351 | -€64,210 | -24.3% |
| Plant, machinery and equipment | 23 | €16,878 | €6,999 | -€9,879 | -58.5% |
| Furniture and vehicles | 24 | €100,931 | €70,254 | -€30,676 | -30.4% |
| Financial fixed assets | 28 | €629 | €629 | = | 0.0% |
| Current assets | 29/58 | €2,039,126 | €1,996,528 | -€42,598 | -2.1% |
| Stocks and contracts in progress | 3 | €398,231 | €479,793 | +€81,562 | +20.5% |
| Stocks | 30/36 | €398,231 | €479,793 | +€81,562 | +20.5% |
| Amounts receivable within one year | 40/41 | €1,428,278 | €1,454,249 | +€25,971 | +1.8% |
| Trade receivables | 40 | €1,057,192 | €620,908 | -€436,283 | -41.3% |
| Other amounts receivable | 41 | €371,086 | €833,340 | +€462,254 | +124.6% |
| Current investments | 50/53 | €51 | €0 | -€51 | -100.0% |
| Cash at bank and in hand | 54/58 | €203,555 | €54,789 | -€148,765 | -73.1% |
| Deferred charges and accrued income | 490/1 | €9,012 | €7,697 | -€1,315 | -14.6% |
| Total equity and liabilities | 10/49 | €2,460,752 | €2,300,383 | -€160,370 | -6.5% |
| Equity | 10/15 | €1,122,533 | €999,489 | -€123,044 | -11.0% |
| Contributions | 10/11 | €1,160,400 | €1,160,400 | = | 0.0% |
| Reserves | 13 | €348,310 | €348,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,849 | €15,849 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,849 | €15,849 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €276,211 | €276,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€386,177 | -€509,222 | -€123,044 | -31.9% |
| Amounts payable | 17/49 | €1,338,220 | €1,300,894 | -€37,326 | -2.8% |
| Amounts payable after more than one year | 17 | €53,783 | €27,079 | -€26,704 | -49.7% |
| Financial debts | 170/4 | €53,783 | €27,079 | -€26,704 | -49.7% |
| Amounts payable within one year | 42/48 | €1,281,812 | €1,273,799 | -€8,013 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €26,709 | €26,704 | -€5 | 0.0% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €417,757 | €553,965 | +€136,208 | +32.6% |
| Suppliers | 440/4 | €417,757 | €553,965 | +€136,208 | +32.6% |
| Advances received on contracts in progress | 46 | €493,445 | €364,772 | -€128,673 | -26.1% |
| Taxes, remuneration and social security | 45 | €93,900 | €78,358 | -€15,543 | -16.6% |
| Taxes | 450/3 | €23,109 | €20,954 | -€2,155 | -9.3% |
| Remuneration and social security | 454/9 | €70,792 | €57,404 | -€13,388 | -18.9% |
| Accrued charges and deferred income | 492/3 | €2,625 | €16 | -€2,608 | -99.4% |
| Remuneration, social security and pensions | 62 | €1,265,328 | €1,201,267 | -€64,062 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,596 | €123,045 | -€19,551 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,091 | -€131,670 | -€125,579 | -2061.7% |
| Other operating charges | 640/8 | €17,182 | €150,562 | +€133,380 | +776.3% |
| Gross operating margin | 9900 | €1,300,604 | €1,237,509 | -€63,096 | -4.9% |
| Operating profit (loss) | 9901 | -€118,411 | -€105,695 | +€12,716 | +10.7% |
| Financial income | 75/76B | €10,237 | €9,931 | -€305 | -3.0% |
| Recurring financial income | 75 | €10,237 | €9,931 | -€305 | -3.0% |
| Financial charges | 65/66B | €16,611 | €25,780 | +€9,169 | +55.2% |
| Recurring financial charges | 65 | €16,611 | €25,780 | +€9,169 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | -€124,786 | -€121,544 | +€3,242 | +2.6% |
| Income taxes | 67/77 | €1,715 | €1,500 | -€215 | -12.5% |
| Profit (loss) for the period | 9904 | -€126,501 | -€123,044 | +€3,456 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,501 | -€123,044 | +€3,456 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.