GB 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.
GB Construction
Largest movements
- Receivables within one year -€50,677
down €50,677 (-99.2%), from €51,064 to €388
of which Trade receivables: -€47,933
- Tangible fixed assets -€21,415
down €21,415 (-43.0%), from €49,842 to €28,427
of which Furniture and vehicles: -€20,566
- Cash -€5,332
down €5,332 (-98.5%), from €5,412 to €80
mainly Other debts (-€52,083) and Net result for the year (-€14,254)
- Other debts -€52,083
down €52,083 (-58.2%), from €89,441 to €37,358
- Profit (loss) carried forward -€14,254
down €14,254 (-2300.3%), from -€620 to -€14,874
- Debts after one year -€5,568
no longer reported in 2024 (was €5,568)
- Current portion of long-term debt -€2,824
no longer reported in 2024 (was €2,824)
- Tax, wage and social debts -€2,694
down €2,694 (-44.1%), from €6,104 to €3,411
of which Taxes: -€2,694
- Gross operating margin -€35,051
down €35,051, from €30,821 to -€4,230
- Depreciation -€2,497
down €2,497 (-37.7%), from €6,631 to €4,133
- Taxes -€2,232
no longer reported in 2024 (was €2,232)
- Financial income +€2,112
up €2,112 (+562.3%), from €376 to €2,487
of which Non-recurring financial income: +€2,140
- Staff costs -€1,105
no longer reported in 2024 (was €1,105)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,319 | €28,895 | -€77,423 | -72.8% |
| Fixed assets | 21/28 | €49,842 | €28,427 | -€21,415 | -43.0% |
| Tangible fixed assets | 22/27 | €49,842 | €28,427 | -€21,415 | -43.0% |
| Land and buildings | 22 | €28,490 | €27,640 | -€849 | -3.0% |
| Furniture and vehicles | 24 | €21,352 | €787 | -€20,566 | -96.3% |
| Current assets | 29/58 | €56,477 | €468 | -€56,009 | -99.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €51,064 | €388 | -€50,677 | -99.2% |
| Trade receivables | 40 | €48,321 | €388 | -€47,933 | -99.2% |
| Other amounts receivable | 41 | €2,743 | - | -€2,743 | |
| Cash at bank and in hand | 54/58 | €5,412 | €80 | -€5,332 | -98.5% |
| Total equity and liabilities | 10/49 | €106,319 | €28,895 | -€77,423 | -72.8% |
| Equity | 10/15 | €2,380 | -€11,874 | -€14,254 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€620 | -€14,874 | -€14,254 | -2300.3% |
| Amounts payable | 17/49 | €103,938 | €40,769 | -€63,170 | -60.8% |
| Amounts payable after more than one year | 17 | €5,568 | - | -€5,568 | |
| Financial debts | 170/4 | €5,568 | - | -€5,568 | |
| Amounts payable within one year | 42/48 | €98,370 | €40,769 | -€57,601 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €2,824 | - | -€2,824 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,104 | €3,411 | -€2,694 | -44.1% |
| Taxes | 450/3 | €6,104 | €3,411 | -€2,694 | -44.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €89,441 | €37,358 | -€52,083 | -58.2% |
| Remuneration, social security and pensions | 62 | €1,105 | - | -€1,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,631 | €4,133 | -€2,497 | -37.7% |
| Other operating charges | 640/8 | €448 | €137 | -€311 | -69.4% |
| Non-recurring operating charges | 66A | - | €7,436 | +€7,436 | |
| Gross operating margin | 9900 | €30,821 | -€4,230 | -€35,051 | |
| Operating profit (loss) | 9901 | €22,637 | -€15,936 | -€38,573 | |
| Financial income | 75/76B | €376 | €2,487 | +€2,112 | +562.3% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -99.5% |
| Non-recurring financial income | 76B | €347 | €2,487 | +€2,140 | +615.9% |
| Financial charges | 65/66B | €255 | €805 | +€551 | +216.3% |
| Recurring financial charges | 65 | €255 | €805 | +€551 | +216.3% |
| Profit (loss) for the period before taxes | 9903 | €22,758 | -€14,254 | -€37,012 | |
| Income taxes | 67/77 | €2,232 | - | -€2,232 | |
| Profit (loss) for the period | 9904 | €20,526 | -€14,254 | -€34,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,526 | -€14,254 | -€34,779 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.