GD-CONSTRUCTIONS: what changed
GD-CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€7,398
down €7,398 (-56.4%), from €13,108 to €5,710
- Cash +€4,693
up €4,693 (+98.8%), from €4,748 to €9,441
mainly Depreciation (+€7,398) and Other debts (+€4,471)
- Deferred charges and accrued income -€3,402
down €3,402 (-90.8%), from €3,746 to €344
- Receivables within one year -€2,265
down €2,265 (-23.1%), from €9,810 to €7,545
of which Trade receivables: -€2,335
- Profit (loss) carried forward -€11,436
down €11,436 (-72.5%), from -€15,780 to -€27,217
- Debts after one year -€7,827
down €7,827 (-100%), from €7,827 to €0
- Other debts +€4,471
up €4,471 (+52.5%), from €8,510 to €12,980
- Tax, wage and social debts +€2,924
up €2,924 (+205%), from €1,428 to €4,352
of which Remuneration and social security: +€2,631
- Current portion of long-term debt +€2,339
up €2,339 (+47.4%), from €4,933 to €7,272
- Gross operating margin -€3,726
down €3,726, from €3,708 to -€18
- Other operating charges -€1,371
down €1,371 (-43.8%), from €3,133 to €1,761
- Financial charges -€479
down €479 (-19.7%), from €2,428 to €1,949
- Staff costs -€336
down €336 (-100%), from €336 to €0
- Taxes +€126
up €126 (+68.6%), from €184 to €310
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 | €31,411 | €23,039 | -€8,372 | -26.7% |
| Fixed assets | 21/28 | €13,108 | €5,710 | -€7,398 | -56.4% |
| Tangible fixed assets | 22/27 | €13,108 | €5,710 | -€7,398 | -56.4% |
| Furniture and vehicles | 24 | €13,108 | €5,710 | -€7,398 | -56.4% |
| Current assets | 29/58 | €18,303 | €17,329 | -€974 | -5.3% |
| Amounts receivable within one year | 40/41 | €9,810 | €7,545 | -€2,265 | -23.1% |
| Trade receivables | 40 | €8,342 | €6,007 | -€2,335 | -28.0% |
| Other amounts receivable | 41 | €1,468 | €1,538 | +€70 | +4.7% |
| Cash at bank and in hand | 54/58 | €4,748 | €9,441 | +€4,693 | +98.8% |
| Deferred charges and accrued income | 490/1 | €3,746 | €344 | -€3,402 | -90.8% |
| Total equity and liabilities | 10/49 | €31,411 | €23,039 | -€8,372 | -26.7% |
| Equity | 10/15 | €4,210 | -€7,226 | -€11,436 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,390 | €1,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,390 | €1,390 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,390 | €1,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,780 | -€27,217 | -€11,436 | -72.5% |
| Amounts payable | 17/49 | €27,201 | €30,266 | +€3,064 | +11.3% |
| Amounts payable after more than one year | 17 | €7,827 | €0 | -€7,827 | -100% |
| Financial debts | 170/4 | €7,827 | €0 | -€7,827 | -100% |
| Amounts payable within one year | 42/48 | €19,374 | €30,266 | +€10,891 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €4,933 | €7,272 | +€2,339 | +47.4% |
| Trade debts | 44 | €4,503 | €5,662 | +€1,159 | +25.7% |
| Suppliers | 440/4 | €4,503 | €5,662 | +€1,159 | +25.7% |
| Taxes, remuneration and social security | 45 | €1,428 | €4,352 | +€2,924 | +205% |
| Taxes | 450/3 | €1,428 | €1,721 | +€293 | +20.5% |
| Remuneration and social security | 454/9 | - | €2,631 | +€2,631 | |
| Other amounts payable | 47/48 | €8,510 | €12,980 | +€4,471 | +52.5% |
| Remuneration, social security and pensions | 62 | €336 | €0 | -€336 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,398 | €7,398 | = | 0.0% |
| Other operating charges | 640/8 | €3,133 | €1,761 | -€1,371 | -43.8% |
| Gross operating margin | 9900 | €3,708 | -€18 | -€3,726 | |
| Operating profit (loss) | 9901 | -€7,159 | -€9,178 | -€2,019 | -28.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €2,428 | €1,949 | -€479 | -19.7% |
| Recurring financial charges | 65 | €2,428 | €1,949 | -€479 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,585 | -€11,127 | -€1,542 | -16.1% |
| Income taxes | 67/77 | €184 | €310 | +€126 | +68.6% |
| Profit (loss) for the period | 9904 | -€9,769 | -€11,436 | -€1,668 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,769 | -€11,436 | -€1,668 | -17.1% |
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.