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G-NAY CONSTRUCT: 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-NAY CONSTRUCT

BE 0744.964.651
NACE 43.230, Insulation installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,023
2024 · -€2,089-€935
Equity
-€16,518
2024 · -€13,494-€3,023
Cash
€269
2024 · €542-€273
Balance sheet total
€4,941
2024 · €6,248-€1,306

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€1,763

    down €1,763 (-32.2%), from €5,473 to €3,709

    of which Furniture and vehicles: -€1,763

  • Receivables within one year +€730

    up €730 (+313%), from €233 to €963

  • Cash -€273

    down €273 (-50.4%), from €542 to €269

    mainly Tax, wage and social debts (-€3,883) and Net result for the year (-€3,023)

Equity and liabilities
  • Other debts +€5,600

    up €5,600 (+35.3%), from €15,846 to €21,446

  • Tax, wage and social debts -€3,883

    no longer reported in 2025 (was €3,883)

  • Profit (loss) carried forward -€3,023

    down €3,023 (-19.4%), from -€15,575 to -€18,598

Income statement
  • Purchases and services +€3,382

    up €3,382 (+247%), from €1,372 to €4,754

  • Turnover -€1,292

    down €1,292 (-100%), from €1,292 to €0

  • Gross operating margin -€791

    down €791 (-989%), from -€80 to -€871

  • Financial income -€540

    no longer reported in 2025 (was €540)

    of which Financial income: -€540

  • Depreciation -€425

    down €425 (-19.4%), from €2,188 to €1,763

From the 2024 result to the 2025 result

effect on the 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 -€2,089
Gross operating margin -€791
Depreciation +€425
Other operating charges -€3
Financial income -€540
Financial charges -€26
Result 2025 -€3,023
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 -€273
Investment €0
Financing €0
Cash 2024 €542
Net result for the year -€3,023
Depreciation +€1,763
Receivables within one year -€730
Tax, wage and social debts -€3,883
Other debts +€5,600
Cash 2025 €269
brings cash intakes cash out
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €6,248 €4,941 -€1,306 -20.9%
Fixed assets 21/28 €5,473 €3,709 -€1,763 -32.2%
Tangible fixed assets 22/27 €5,473 €3,709 -€1,763 -32.2%
Plant, machinery and equipment 23 €2,960 €2,960 = 0.0%
Furniture and vehicles 24 €2,513 €750 -€1,763 -70.2%
Current assets 29/58 €775 €1,232 +€457 +59.0%
Amounts receivable within one year 40/41 €233 €963 +€730 +313%
Other amounts receivable 41 €233 €963 +€730 +313%
Cash at bank and in hand 54/58 €542 €269 -€273 -50.4%
Total equity and liabilities 10/49 €6,248 €4,941 -€1,306 -20.9%
Equity 10/15 -€13,494 -€16,518 -€3,023 -22.4%
Contributions 10/11 €1,831 €1,831 = 0.0%
Reserves 13 €250 €250 = 0.0%
Non-distributable reserves 130/1 €250 €250 = 0.0%
Other 1319 €250 €250 = 0.0%
Profit (loss) carried forward 14 -€15,575 -€18,598 -€3,023 -19.4%
Amounts payable 17/49 €19,742 €21,459 +€1,717 +8.7%
Amounts payable within one year 42/48 €19,742 €21,459 +€1,717 +8.7%
Trade debts 44 €13 €13 = 0.0%
Suppliers 440/4 €13 €13 = 0.0%
Taxes, remuneration and social security 45 €3,883 - -€3,883
Taxes 450/3 €3,883 - -€3,883
Other amounts payable 47/48 €15,846 €21,446 +€5,600 +35.3%
Turnover 70 €1,292 €0 -€1,292 -100%
Non-recurring operating income 76A - €3,883 +€3,883
Goods, raw materials, services and sundry goods 60/61 €1,372 €4,754 +€3,382 +247%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,188 €1,763 -€425 -19.4%
Other operating charges 640/8 €184 €186 +€3 +1.4%
Gross operating margin 9900 -€80 -€871 -€791 -989%
Operating profit (loss) 9901 -€2,452 -€2,820 -€369 -15.0%
Financial income 75/76B €540 - -€540
Recurring financial income 75 €540 - -€540
Non-recurring financial income 76B €540 - -€540
Financial charges 65/66B €177 €203 +€26 +14.8%
Recurring financial charges 65 €127 €203 +€76 +60.0%
Non-recurring financial charges 66B €50 - -€50
Profit (loss) for the period before taxes 9903 -€2,089 -€3,023 -€935 -44.8%
Profit (loss) for the period 9904 -€2,089 -€3,023 -€935 -44.8%
Profit (loss) for the period to be appropriated 9905 -€2,089 -€3,023 -€935 -44.8%

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 24 October 2026 via checked.be.