G.M.V. CONSTRUCTIONS: 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.M.V. CONSTRUCTIONS
Largest movements
- Receivables within one year -€11,974
down €11,974 (-56.8%), from €21,098 to €9,125
of which Trade receivables: -€11,602
- Deferred charges and accrued income -€2,740
no longer reported in 2025 (was €2,740)
- Cash -€626
down €626 (-22.7%), from €2,751 to €2,125
mainly Other debts (-€24,181) and Tax, wage and social debts (-€5,106)
- Other debts -€24,181
down €24,181 (-58.0%), from €41,724 to €17,544
- Advances received +€8,586
new in 2025: €8,586
- Tax, wage and social debts -€5,106
down €5,106 (-63.5%), from €8,046 to €2,940
of which Remuneration and social security: -€5,381
- Trade debts +€4,538
up €4,538 (+53.2%), from €8,525 to €13,063
- Profit (loss) carried forward +€583
up €583 (+1.0%), from -€55,941 to -€55,358
- Gross operating margin -€12,962
down €12,962 (-11.7%), from €110,585 to €97,623
- Staff costs -€5,847
down €5,847 (-5.7%), from €101,862 to €96,016
- Financial charges -€3,656
down €3,656 (-94.3%), from €3,875 to €220
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 | €27,101 | €11,522 | -€15,580 | -57.5% |
| Fixed assets | 21/28 | €512 | €271 | -€241 | -47.0% |
| Tangible fixed assets | 22/27 | €512 | €271 | -€241 | -47.0% |
| Plant, machinery and equipment | 23 | €436 | €271 | -€165 | -37.8% |
| Furniture and vehicles | 24 | €75 | - | -€75 | |
| Current assets | 29/58 | €26,589 | €11,250 | -€15,339 | -57.7% |
| Amounts receivable within one year | 40/41 | €21,098 | €9,125 | -€11,974 | -56.8% |
| Trade receivables | 40 | €20,531 | €8,929 | -€11,602 | -56.5% |
| Other amounts receivable | 41 | €567 | €196 | -€371 | -65.4% |
| Cash at bank and in hand | 54/58 | €2,751 | €2,125 | -€626 | -22.7% |
| Deferred charges and accrued income | 490/1 | €2,740 | - | -€2,740 | |
| Total equity and liabilities | 10/49 | €27,101 | €11,522 | -€15,580 | -57.5% |
| Equity | 10/15 | -€31,194 | -€30,611 | +€583 | +1.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,941 | -€55,358 | +€583 | +1.0% |
| Amounts payable | 17/49 | €58,295 | €42,132 | -€16,163 | -27.7% |
| Amounts payable within one year | 42/48 | €58,295 | €42,132 | -€16,163 | -27.7% |
| Trade debts | 44 | €8,525 | €13,063 | +€4,538 | +53.2% |
| Suppliers | 440/4 | €8,525 | €13,063 | +€4,538 | +53.2% |
| Advances received on contracts in progress | 46 | - | €8,586 | +€8,586 | |
| Taxes, remuneration and social security | 45 | €8,046 | €2,940 | -€5,106 | -63.5% |
| Taxes | 450/3 | €655 | €930 | +€275 | +42.0% |
| Remuneration and social security | 454/9 | €7,392 | €2,011 | -€5,381 | -72.8% |
| Other amounts payable | 47/48 | €41,724 | €17,544 | -€24,181 | -58.0% |
| Non-recurring operating income | 76A | - | €5,066 | +€5,066 | |
| Remuneration, social security and pensions | 62 | €101,862 | €96,016 | -€5,847 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €241 | +€99 | +70.5% |
| Other operating charges | 640/8 | €1,305 | €455 | -€849 | -65.1% |
| Gross operating margin | 9900 | €110,585 | €97,623 | -€12,962 | -11.7% |
| Operating profit (loss) | 9901 | €7,276 | €911 | -€6,365 | -87.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,875 | €220 | -€3,656 | -94.3% |
| Recurring financial charges | 65 | €3,875 | €220 | -€3,656 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €3,401 | €691 | -€2,710 | -79.7% |
| Income taxes | 67/77 | €325 | €108 | -€217 | -66.7% |
| Profit (loss) for the period | 9904 | €3,077 | €583 | -€2,493 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,077 | €583 | -€2,493 | -81.0% |
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.