GBK Bouw: what changed
GBK Bouw
Largest movements
- Tangible fixed assets +€320,846
up €320,846 (+48.7%), from €658,244 to €979,090
of which Assets under construction and advance payments: +€225,978
- Receivables within one year +€40,183
up €40,183 (+41.0%), from €98,105 to €138,288
of which Other amounts receivable: +€41,273
- Cash -€39,424
down €39,424 (-24.0%), from €163,943 to €124,519
mainly Investment in fixed assets (net) (-€457,832) and Contributions, distributions and other (-€150,000)
- Deferred charges and accrued income -€24,257
down €24,257 (-83.9%), from €28,924 to €4,668
- Debts after one year +€293,388
up €293,388 (+71.0%), from €413,216 to €706,605
of which Other amounts payable: +€220,969
- Trade debts +€84,525
up €84,525 (+58.9%), from €143,536 to €228,062
- Reserves -€78,641
down €78,641 (-30.7%), from €256,033 to €177,392
- Other debts -€59,395
down €59,395 (-100%), from €59,395 to €0
- Accrued charges and deferred income +€39,842
up €39,842 (+114%), from €35,000 to €74,842
- Staff costs +€146,173
up €146,173 (+39.1%), from €374,141 to €520,314
- Gross operating margin +€136,562
up €136,562 (+21.1%), from €646,043 to €782,605
- Depreciation +€50,527
up €50,527 (+58.8%), from €85,959 to €136,486
- Financial charges +€27,865
up €27,865 (+208%), from €13,384 to €41,249
- Taxes -€20,860
down €20,860 (-55.2%), from €37,792 to €16,932
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,046,187 | €1,350,056 | +€303,870 | +29.0% |
| Fixed assets | 21/28 | €658,244 | €979,590 | +€321,346 | +48.8% |
| Tangible fixed assets | 22/27 | €658,244 | €979,090 | +€320,846 | +48.7% |
| Land and buildings | 22 | €383,054 | €370,751 | -€12,303 | -3.2% |
| Plant, machinery and equipment | 23 | €141,755 | €231,303 | +€89,548 | +63.2% |
| Furniture and vehicles | 24 | €50,366 | €38,002 | -€12,364 | -24.5% |
| Leasing and similar rights | 25 | €83,068 | €113,056 | +€29,988 | +36.1% |
| Assets under construction and advance payments | 27 | - | €225,978 | +€225,978 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €387,943 | €370,467 | -€17,476 | -4.5% |
| Stocks and contracts in progress | 3 | €96,971 | €102,992 | +€6,022 | +6.2% |
| Stocks | 30/36 | €36,971 | €52,081 | +€15,111 | +40.9% |
| Contracts in progress | 37 | €60,000 | €50,911 | -€9,089 | -15.1% |
| Amounts receivable within one year | 40/41 | €98,105 | €138,288 | +€40,183 | +41.0% |
| Trade receivables | 40 | €90,929 | €89,838 | -€1,090 | -1.2% |
| Other amounts receivable | 41 | €7,177 | €48,450 | +€41,273 | +575% |
| Cash at bank and in hand | 54/58 | €163,943 | €124,519 | -€39,424 | -24.0% |
| Deferred charges and accrued income | 490/1 | €28,924 | €4,668 | -€24,257 | -83.9% |
| Total equity and liabilities | 10/49 | €1,046,187 | €1,350,056 | +€303,870 | +29.0% |
| Equity | 10/15 | €259,033 | €180,392 | -€78,641 | -30.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €256,033 | €177,392 | -€78,641 | -30.7% |
| Distributable reserves | 133 | €256,033 | €177,392 | -€78,641 | -30.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €787,154 | €1,169,665 | +€382,511 | +48.6% |
| Amounts payable after more than one year | 17 | €413,216 | €706,605 | +€293,388 | +71.0% |
| Financial debts | 170/4 | €411,294 | €483,714 | +€72,419 | +17.6% |
| Other amounts payable | 178/9 | €1,922 | €222,891 | +€220,969 | +11,497% |
| Amounts payable within one year | 42/48 | €338,938 | €388,218 | +€49,280 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €82,915 | €119,646 | +€36,731 | +44.3% |
| Financial debts | 43 | - | €600 | +€600 | |
| Credit institutions | 430/8 | - | €600 | +€600 | |
| Trade debts | 44 | €143,536 | €228,062 | +€84,525 | +58.9% |
| Suppliers | 440/4 | €143,536 | €228,062 | +€84,525 | +58.9% |
| Taxes, remuneration and social security | 45 | €53,091 | €39,910 | -€13,182 | -24.8% |
| Taxes | 450/3 | €39,420 | €24,568 | -€14,851 | -37.7% |
| Remuneration and social security | 454/9 | €13,672 | €15,341 | +€1,669 | +12.2% |
| Other amounts payable | 47/48 | €59,395 | €0 | -€59,395 | -100% |
| Accrued charges and deferred income | 492/3 | €35,000 | €74,842 | +€39,842 | +114% |
| Remuneration, social security and pensions | 62 | €374,141 | €520,314 | +€146,173 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,959 | €136,486 | +€50,527 | +58.8% |
| Other operating charges | 640/8 | €4,893 | €4,140 | -€753 | -15.4% |
| Gross operating margin | 9900 | €646,043 | €782,605 | +€136,562 | +21.1% |
| Operating profit (loss) | 9901 | €181,050 | €121,666 | -€59,384 | -32.8% |
| Financial income | 75/76B | €6,467 | €7,874 | +€1,407 | +21.8% |
| Recurring financial income | 75 | €6,467 | €7,874 | +€1,407 | +21.8% |
| Financial charges | 65/66B | €13,384 | €41,249 | +€27,865 | +208% |
| Recurring financial charges | 65 | €13,384 | €41,249 | +€27,865 | +208% |
| Profit (loss) for the period before taxes | 9903 | €174,134 | €88,291 | -€85,842 | -49.3% |
| Income taxes | 67/77 | €37,792 | €16,932 | -€20,860 | -55.2% |
| Profit (loss) for the period | 9904 | €136,341 | €71,359 | -€64,982 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €136,341 | €71,359 | -€64,982 | -47.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.