GDG 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.
GDG Construct
Largest movements
- Receivables within one year -€269,380
down €269,380 (-86.2%), from €312,523 to €43,143
of which Trade receivables: -€271,162
- Stocks and contracts +€166,867
up €166,867 (+160%), from €104,372 to €271,239
- Cash -€23,104
down €23,104 (-86.4%), from €26,752 to €3,648
mainly Stocks and contracts (-€166,867) and Net result for the year (-€43,923)
- Profit (loss) carried forward -€43,923
new in 2025: -€43,923
- Other debts -€43,807
down €43,807 (-41.9%), from €104,550 to €60,743
- Tax, wage and social debts -€21,176
no longer reported in 2025 (was €21,176)
- Trade debts -€14,084
down €14,084 (-32.9%), from €42,839 to €28,755
- Gross operating margin -€109,998
down €109,998, from €67,342 to -€42,656
- Taxes -€21,176
no longer reported in 2025 (was €21,176)
- Financial charges -€2,608
down €2,608 (-81.9%), from €3,184 to €576
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 | €443,647 | €318,030 | -€125,617 | -28.3% |
| Current assets | 29/58 | €443,647 | €318,030 | -€125,617 | -28.3% |
| Stocks and contracts in progress | 3 | €104,372 | €271,239 | +€166,867 | +160% |
| Stocks | 30/36 | €104,372 | €271,239 | +€166,867 | +160% |
| Amounts receivable within one year | 40/41 | €312,523 | €43,143 | -€269,380 | -86.2% |
| Trade receivables | 40 | €310,652 | €39,491 | -€271,162 | -87.3% |
| Other amounts receivable | 41 | €1,871 | €3,652 | +€1,781 | +95.2% |
| Cash at bank and in hand | 54/58 | €26,752 | €3,648 | -€23,104 | -86.4% |
| Total equity and liabilities | 10/49 | €443,647 | €318,030 | -€125,617 | -28.3% |
| Equity | 10/15 | €272,454 | €228,531 | -€43,923 | -16.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €242,454 | €242,454 | = | 0.0% |
| Distributable reserves | 133 | €242,454 | €242,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€43,923 | -€43,923 | |
| Amounts payable | 17/49 | €171,193 | €89,498 | -€81,694 | -47.7% |
| Amounts payable within one year | 42/48 | €168,565 | €89,498 | -€79,067 | -46.9% |
| Trade debts | 44 | €42,839 | €28,755 | -€14,084 | -32.9% |
| Suppliers | 440/4 | €42,839 | €28,755 | -€14,084 | -32.9% |
| Taxes, remuneration and social security | 45 | €21,176 | - | -€21,176 | |
| Taxes | 450/3 | €21,176 | - | -€21,176 | |
| Other amounts payable | 47/48 | €104,550 | €60,743 | -€43,807 | -41.9% |
| Accrued charges and deferred income | 492/3 | €2,628 | - | -€2,628 | |
| Other operating charges | 640/8 | €667 | €743 | +€76 | +11.4% |
| Gross operating margin | 9900 | €67,342 | -€42,656 | -€109,998 | |
| Operating profit (loss) | 9901 | €66,675 | -€43,399 | -€110,074 | |
| Financial income | 75/76B | €0 | €52 | +€52 | +524,300% |
| Recurring financial income | 75 | €0 | €52 | +€52 | +524,300% |
| Financial charges | 65/66B | €3,184 | €576 | -€2,608 | -81.9% |
| Recurring financial charges | 65 | €3,184 | €576 | -€2,608 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €63,490 | -€43,923 | -€107,413 | |
| Income taxes | 67/77 | €21,176 | - | -€21,176 | |
| Profit (loss) for the period | 9904 | €42,315 | -€43,923 | -€86,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,315 | -€43,923 | -€86,238 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.