G.T.J.-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.T.J.-CONSTRUCT
Largest movements
- Tangible fixed assets -€23,366
down €23,366 (-6.1%), from €384,282 to €360,916
of which Land and buildings: -€20,651
- Receivables within one year -€5,851
down €5,851 (-21.0%), from €27,824 to €21,973
of which Trade receivables: -€6,017
- Other debts +€50,631
up €50,631 (+151.6%), from €33,399 to €84,029
- Reserves -€44,916
down €44,916 (-35.3%), from €127,088 to €82,171
of which Distributable reserves: -€44,866
- Debts after one year -€28,828
down €28,828 (-11.6%), from €249,229 to €220,400
- Tax, wage and social debts -€5,235
down €5,235 (-64.1%), from €8,166 to €2,931
- Turnover -€79,352
down €79,352 (-31.3%), from €253,601 to €174,248
- Purchases and services -€65,562
down €65,562 (-33.4%), from €196,410 to €130,848
- Gross operating margin -€14,038
down €14,038 (-23.6%), from €59,431 to €45,393
- Depreciation -€4,313
down €4,313 (-14.1%), from €30,660 to €26,347
- Taxes -€2,682
down €2,682 (-48.1%), from €5,572 to €2,890
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 | €437,091 | €406,511 | -€30,580 | -7.0% |
| Fixed assets | 21/28 | €387,057 | €363,287 | -€23,771 | -6.1% |
| Intangible fixed assets | 21 | €2,776 | €2,371 | -€405 | -14.6% |
| Tangible fixed assets | 22/27 | €384,282 | €360,916 | -€23,366 | -6.1% |
| Land and buildings | 22 | €374,499 | €353,848 | -€20,651 | -5.5% |
| Plant, machinery and equipment | 23 | €5,176 | €5,850 | +€674 | +13.0% |
| Furniture and vehicles | 24 | €4,607 | €1,218 | -€3,389 | -73.6% |
| Current assets | 29/58 | €50,034 | €43,224 | -€6,809 | -13.6% |
| Stocks and contracts in progress | 3 | €1,157 | €1,285 | +€128 | +11.1% |
| Stocks | 30/36 | €1,157 | €1,285 | +€128 | +11.1% |
| Amounts receivable within one year | 40/41 | €27,824 | €21,973 | -€5,851 | -21.0% |
| Trade receivables | 40 | €23,412 | €17,395 | -€6,017 | -25.7% |
| Other amounts receivable | 41 | €4,412 | €4,578 | +€166 | +3.8% |
| Cash at bank and in hand | 54/58 | €16,939 | €15,750 | -€1,188 | -7.0% |
| Deferred charges and accrued income | 490/1 | €4,114 | €4,216 | +€102 | +2.5% |
| Total equity and liabilities | 10/49 | €437,091 | €406,511 | -€30,580 | -7.0% |
| Equity | 10/15 | €108,474 | €63,558 | -€44,916 | -41.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,088 | €82,171 | -€44,916 | -35.3% |
| Tax-exempt reserves | 132 | €50 | - | -€50 | |
| Distributable reserves | 133 | €127,038 | €82,171 | -€44,866 | -35.3% |
| Profit (loss) carried forward | 14 | -€24,814 | -€24,814 | = | 0.0% |
| Provisions and deferred taxes | 16 | €13 | - | -€13 | |
| Deferred taxes | 168 | €13 | - | -€13 | |
| Amounts payable | 17/49 | €328,604 | €342,954 | +€14,349 | +4.4% |
| Amounts payable after more than one year | 17 | €249,229 | €220,400 | -€28,828 | -11.6% |
| Financial debts | 170/4 | €249,229 | €220,400 | -€28,828 | -11.6% |
| Amounts payable within one year | 42/48 | €79,061 | €122,218 | +€43,158 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €31,209 | €28,828 | -€2,380 | -7.6% |
| Trade debts | 44 | €6,287 | €6,429 | +€142 | +2.3% |
| Suppliers | 440/4 | €6,287 | €6,429 | +€142 | +2.3% |
| Taxes, remuneration and social security | 45 | €8,166 | €2,931 | -€5,235 | -64.1% |
| Taxes | 450/3 | €8,166 | €2,931 | -€5,235 | -64.1% |
| Other amounts payable | 47/48 | €33,399 | €84,029 | +€50,631 | +151.6% |
| Accrued charges and deferred income | 492/3 | €315 | €335 | +€20 | +6.3% |
| Turnover | 70 | €253,601 | €174,248 | -€79,352 | -31.3% |
| Non-recurring operating income | 76A | €950 | - | -€950 | |
| Goods, raw materials, services and sundry goods | 60/61 | €196,410 | €130,848 | -€65,562 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,660 | €26,347 | -€4,313 | -14.1% |
| Other operating charges | 640/8 | €4,082 | €4,213 | +€130 | +3.2% |
| Gross operating margin | 9900 | €59,431 | €45,393 | -€14,038 | -23.6% |
| Operating profit (loss) | 9901 | €24,689 | €14,833 | -€9,855 | -39.9% |
| Financial charges | 65/66B | €7,357 | €6,587 | -€770 | -10.5% |
| Recurring financial charges | 65 | €7,357 | €6,587 | -€770 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €17,331 | €8,246 | -€9,085 | -52.4% |
| Transfer from deferred taxes | 780 | €33 | €13 | -€21 | -62.2% |
| Income taxes | 67/77 | €5,572 | €2,890 | -€2,682 | -48.1% |
| Profit (loss) for the period | 9904 | €11,793 | €5,368 | -€6,424 | -54.5% |
| Transfer from tax-exempt reserves | 789 | €132 | €50 | -€82 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,925 | €5,418 | -€6,507 | -54.6% |
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 11 October 2026 via checked.be.