G.L.H. 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.L.H. CONSTRUCT
Largest movements
- Cash -€8,876
down €8,876 (-97.9%), from €9,070 to €194
mainly Current portion of long-term debt (-€3,719) and Net result for the year (-€2,979)
- Tangible fixed assets -€1,160
down €1,160 (-23.2%), from €5,000 to €3,840
- Deferred charges and accrued income +€629
up €629 (+169.5%), from €371 to €1,000
- Receivables within one year +€351
new in 2025: €351
- Current portion of long-term debt -€3,719
no longer reported in 2025 (was €3,719)
- Profit (loss) carried forward -€2,979
down €2,979, from €1,727 to -€1,252
- Tax, wage and social debts -€1,835
no longer reported in 2025 (was €1,835)
- Trade debts -€759
no longer reported in 2025 (was €759)
- Accrued charges and deferred income +€236
new in 2025: €236
- Gross operating margin -€11,446
down €11,446, from €11,299 to -€147
- Other operating charges -€1,454
no longer reported in 2025 (was €1,454)
- Depreciation +€960
up €960 (+480.0%), from €200 to €1,160
- Provisions +€885
new in 2025: €885
- Financial charges +€546
up €546 (+226.6%), from €241 to €787
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 | €14,441 | €5,385 | -€9,056 | -62.7% |
| Fixed assets | 21/28 | €5,000 | €3,840 | -€1,160 | -23.2% |
| Tangible fixed assets | 22/27 | €5,000 | €3,840 | -€1,160 | -23.2% |
| Furniture and vehicles | 24 | €5,000 | €3,840 | -€1,160 | -23.2% |
| Current assets | 29/58 | €9,441 | €1,545 | -€7,896 | -83.6% |
| Amounts receivable within one year | 40/41 | - | €351 | +€351 | |
| Other amounts receivable | 41 | - | €351 | +€351 | |
| Cash at bank and in hand | 54/58 | €9,070 | €194 | -€8,876 | -97.9% |
| Deferred charges and accrued income | 490/1 | €371 | €1,000 | +€629 | +169.5% |
| Total equity and liabilities | 10/49 | €14,441 | €5,385 | -€9,056 | -62.7% |
| Equity | 10/15 | €8,128 | €5,149 | -€2,979 | -36.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201 | €201 | = | 0.0% |
| Non-distributable reserves | 130/1 | €201 | €201 | = | 0.0% |
| Reserves not available under the articles | 1311 | €201 | €201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,727 | -€1,252 | -€2,979 | |
| Amounts payable | 17/49 | €6,313 | €236 | -€6,077 | -96.3% |
| Amounts payable within one year | 42/48 | €6,313 | - | -€6,313 | |
| Current portion of amounts payable after more than one year | 42 | €3,719 | - | -€3,719 | |
| Trade debts | 44 | €759 | - | -€759 | |
| Suppliers | 440/4 | €759 | - | -€759 | |
| Taxes, remuneration and social security | 45 | €1,835 | - | -€1,835 | |
| Taxes | 450/3 | €1,835 | - | -€1,835 | |
| Accrued charges and deferred income | 492/3 | - | €236 | +€236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €1,160 | +€960 | +480.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €885 | +€885 | |
| Other operating charges | 640/8 | €1,454 | - | -€1,454 | |
| Non-recurring operating charges | 66A | €10,800 | - | -€10,800 | |
| Gross operating margin | 9900 | €11,299 | -€147 | -€11,446 | |
| Operating profit (loss) | 9901 | -€1,155 | -€2,192 | -€1,037 | -89.8% |
| Financial charges | 65/66B | €241 | €787 | +€546 | +226.6% |
| Recurring financial charges | 65 | €241 | €787 | +€546 | +226.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,396 | -€2,979 | -€1,583 | -113.4% |
| Profit (loss) for the period | 9904 | -€1,396 | -€2,979 | -€1,583 | -113.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,396 | -€2,979 | -€1,583 | -113.4% |
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.