G.V. CONSTRUCTION: 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.V. CONSTRUCTION
Largest movements
- Receivables within one year +€27,524
up €27,524 (+65.8%), from €41,849 to €69,373
of which Trade receivables: +€34,271
- Tangible fixed assets -€20,190
down €20,190 (-7.2%), from €280,137 to €259,947
of which Furniture and vehicles: -€17,622
- Receivables after one year -€10,000
down €10,000 (-100%), from €10,000 to €0
- Cash -€7,710
down €7,710 (-37.1%), from €20,784 to €13,074
mainly Net result for the year (-€40,966) and Receivables within one year (-€27,524)
- Profit (loss) carried forward -€40,966
down €40,966 (-180%), from -€22,718 to -€63,684
- Trade debts +€16,532
up €16,532 (+58.8%), from €28,112 to €44,644
- Reserves -€15,891
down €15,891 (-20.0%), from €79,544 to €63,653
of which Distributable reserves: -€15,891
- Debts after one year +€9,319
up €9,319 (+5.1%), from €184,017 to €193,337
of which Other amounts payable: +€15,096
- Short-term financial debts +€8,100
new in 2025: €8,100
- Gross operating margin +€9,624
up €9,624 (+70.8%), from €13,595 to €23,219
- Depreciation +€1,304
up €1,304 (+3.0%), from €43,244 to €44,548
- Financial charges +€1,073
up €1,073 (+13.6%), from €7,919 to €8,992
- Other operating charges +€815
up €815 (+35.3%), from €2,311 to €3,127
- Staff costs -€643
down €643 (-100%), from €643 to €0
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 | €361,138 | €350,296 | -€10,842 | -3.0% |
| Fixed assets | 21/28 | €280,137 | €259,947 | -€20,190 | -7.2% |
| Tangible fixed assets | 22/27 | €280,137 | €259,947 | -€20,190 | -7.2% |
| Land and buildings | 22 | €115,412 | €113,603 | -€1,809 | -1.6% |
| Plant, machinery and equipment | 23 | €29,120 | €28,361 | -€759 | -2.6% |
| Furniture and vehicles | 24 | €135,605 | €117,983 | -€17,622 | -13.0% |
| Current assets | 29/58 | €81,001 | €90,350 | +€9,349 | +11.5% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100% |
| Stocks and contracts in progress | 3 | €6,784 | €7,224 | +€440 | +6.5% |
| Stocks | 30/36 | €6,784 | €7,224 | +€440 | +6.5% |
| Amounts receivable within one year | 40/41 | €41,849 | €69,373 | +€27,524 | +65.8% |
| Trade receivables | 40 | €31,541 | €65,812 | +€34,271 | +109% |
| Other amounts receivable | 41 | €10,308 | €3,561 | -€6,746 | -65.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,784 | €13,074 | -€7,710 | -37.1% |
| Deferred charges and accrued income | 490/1 | €1,584 | €678 | -€906 | -57.2% |
| Total equity and liabilities | 10/49 | €361,138 | €350,296 | -€10,842 | -3.0% |
| Equity | 10/15 | €75,376 | €18,519 | -€56,857 | -75.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €79,544 | €63,653 | -€15,891 | -20.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €77,689 | €61,798 | -€15,891 | -20.5% |
| Profit (loss) carried forward | 14 | -€22,718 | -€63,684 | -€40,966 | -180% |
| Amounts payable | 17/49 | €285,762 | €331,777 | +€46,015 | +16.1% |
| Amounts payable after more than one year | 17 | €184,017 | €193,337 | +€9,319 | +5.1% |
| Financial debts | 170/4 | €184,017 | €178,240 | -€5,777 | -3.1% |
| Other amounts payable | 178/9 | - | €15,096 | +€15,096 | |
| Amounts payable within one year | 42/48 | €100,975 | €136,455 | +€35,480 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €38,323 | €45,271 | +€6,948 | +18.1% |
| Financial debts | 43 | - | €8,100 | +€8,100 | |
| Credit institutions | 430/8 | - | €8,100 | +€8,100 | |
| Trade debts | 44 | €28,112 | €44,644 | +€16,532 | +58.8% |
| Suppliers | 440/4 | €28,112 | €44,644 | +€16,532 | +58.8% |
| Taxes, remuneration and social security | 45 | €3,650 | €3,474 | -€177 | -4.8% |
| Taxes | 450/3 | €3,650 | €3,474 | -€177 | -4.8% |
| Other amounts payable | 47/48 | €30,890 | €34,966 | +€4,077 | +13.2% |
| Accrued charges and deferred income | 492/3 | €770 | €1,985 | +€1,216 | +158% |
| Non-recurring operating income | 76A | €0 | €15,166 | +€15,166 | |
| Remuneration, social security and pensions | 62 | €643 | €0 | -€643 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,244 | €44,548 | +€1,304 | +3.0% |
| Other operating charges | 640/8 | €2,311 | €3,127 | +€815 | +35.3% |
| Non-recurring operating charges | 66A | €16,144 | €7,472 | -€8,672 | -53.7% |
| Gross operating margin | 9900 | €13,595 | €23,219 | +€9,624 | +70.8% |
| Operating profit (loss) | 9901 | -€48,748 | -€31,928 | +€16,821 | +34.5% |
| Financial income | 75/76B | €589 | €135 | -€454 | -77.0% |
| Recurring financial income | 75 | €589 | €135 | -€454 | -77.0% |
| Financial charges | 65/66B | €7,919 | €8,992 | +€1,073 | +13.6% |
| Recurring financial charges | 65 | €7,919 | €8,992 | +€1,073 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€56,078 | -€40,784 | +€15,294 | +27.3% |
| Income taxes | 67/77 | €192 | €182 | -€10 | -5.4% |
| Profit (loss) for the period | 9904 | -€56,270 | -€40,966 | +€15,304 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,270 | -€40,966 | +€15,304 | +27.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.