G & P TEAM 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.
G & P TEAM CONSTRUCT
Largest movements
- Receivables within one year +€26,340
up €26,340 (+32.0%), from €82,375 to €108,715
of which Other amounts receivable: +€29,542
- Cash +€21,478
up €21,478 (+110.5%), from €19,442 to €40,920
mainly Depreciation (+€43,572) and Advances received (+€30,356)
- Tangible fixed assets +€5,899
up €5,899 (+6.6%), from €88,976 to €94,874
of which Furniture and vehicles: +€6,276
- Advances received +€30,356
new in 2025: €30,356
- Profit (loss) carried forward +€16,859
new in 2025: €16,859
- Tax, wage and social debts -€16,275
down €16,275 (-38.8%), from €41,968 to €25,693
of which Taxes: -€15,625
- Debts after one year +€13,502
up €13,502 (+51.0%), from €26,485 to €39,987
- Reserves +€10,000
up €10,000 (+10.8%), from €92,302 to €102,302
- Turnover -€622,190
no longer reported in 2025 (was €622,190)
- Purchases and services -€554,606
no longer reported in 2025 (was €554,606)
- Gross operating margin +€21,784
up €21,784 (+32.2%), from €67,584 to €89,367
- Depreciation +€15,072
up €15,072 (+52.9%), from €28,500 to €43,572
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 | €191,735 | €245,343 | +€53,608 | +28.0% |
| Fixed assets | 21/28 | €89,402 | €95,300 | +€5,899 | +6.6% |
| Tangible fixed assets | 22/27 | €88,976 | €94,874 | +€5,899 | +6.6% |
| Plant, machinery and equipment | 23 | €3,560 | €3,182 | -€378 | -10.6% |
| Furniture and vehicles | 24 | €85,416 | €91,692 | +€6,276 | +7.3% |
| Financial fixed assets | 28 | €426 | €426 | = | 0.0% |
| Current assets | 29/58 | €102,333 | €150,042 | +€47,709 | +46.6% |
| Amounts receivable within one year | 40/41 | €82,375 | €108,715 | +€26,340 | +32.0% |
| Trade receivables | 40 | €3,204 | €3 | -€3,201 | -99.9% |
| Other amounts receivable | 41 | €79,171 | €108,713 | +€29,542 | +37.3% |
| Cash at bank and in hand | 54/58 | €19,442 | €40,920 | +€21,478 | +110.5% |
| Deferred charges and accrued income | 490/1 | €516 | €407 | -€109 | -21.2% |
| Total equity and liabilities | 10/49 | €191,735 | €245,343 | +€53,608 | +28.0% |
| Equity | 10/15 | €96,052 | €122,911 | +€26,859 | +28.0% |
| Contributions | 10/11 | €3,750 | €3,750 | = | 0.0% |
| Reserves | 13 | €92,302 | €102,302 | +€10,000 | +10.8% |
| Non-distributable reserves | 130/1 | €92,302 | €102,302 | +€10,000 | +10.8% |
| Reserves not available under the articles | 1311 | €92,302 | €102,302 | +€10,000 | +10.8% |
| Profit (loss) carried forward | 14 | - | €16,859 | +€16,859 | |
| Amounts payable | 17/49 | €95,683 | €122,432 | +€26,748 | +28.0% |
| Amounts payable after more than one year | 17 | €26,485 | €39,987 | +€13,502 | +51.0% |
| Financial debts | 170/4 | €26,485 | €39,987 | +€13,502 | +51.0% |
| Amounts payable within one year | 42/48 | €69,198 | €82,445 | +€13,247 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €13,395 | €20,869 | +€7,475 | +55.8% |
| Trade debts | 44 | €13,835 | €5,527 | -€8,308 | -60.1% |
| Suppliers | 440/4 | €13,835 | €5,527 | -€8,308 | -60.1% |
| Advances received on contracts in progress | 46 | - | €30,356 | +€30,356 | |
| Taxes, remuneration and social security | 45 | €41,968 | €25,693 | -€16,275 | -38.8% |
| Taxes | 450/3 | €41,068 | €25,443 | -€15,625 | -38.0% |
| Remuneration and social security | 454/9 | €900 | €250 | -€650 | -72.2% |
| Turnover | 70 | €622,190 | - | -€622,190 | |
| Goods, raw materials, services and sundry goods | 60/61 | €554,606 | - | -€554,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,500 | €43,572 | +€15,072 | +52.9% |
| Other operating charges | 640/8 | €1,126 | €1,221 | +€95 | +8.4% |
| Non-recurring operating charges | 66A | - | €1,421 | +€1,421 | |
| Gross operating margin | 9900 | €67,584 | €89,367 | +€21,784 | +32.2% |
| Operating profit (loss) | 9901 | €37,957 | €43,154 | +€5,196 | +13.7% |
| Financial income | 75/76B | €828 | €22 | -€806 | -97.3% |
| Recurring financial income | 75 | €828 | €22 | -€806 | -97.3% |
| Financial charges | 65/66B | €1,651 | €4,795 | +€3,143 | +190.3% |
| Recurring financial charges | 65 | €1,651 | €4,795 | +€3,143 | +190.3% |
| Profit (loss) for the period before taxes | 9903 | €37,134 | €38,381 | +€1,248 | +3.4% |
| Income taxes | 67/77 | €11,036 | €11,522 | +€487 | +4.4% |
| Profit (loss) for the period | 9904 | €26,098 | €26,859 | +€761 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,098 | €26,859 | +€761 | +2.9% |
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 9 October 2026 via checked.be.