GE Construct Group: 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.
GE Construct Group
Largest movements
- Cash +€12,067
up €12,067 (+239%), from €5,056 to €17,123
mainly Net result for the year (+€71,523) and Tax, wage and social debts (+€7,793)
- Profit (loss) carried forward +€71,523
up €71,523 (+120%), from €59,635 to €131,158
- Trade debts -€63,878
down €63,878 (-14.5%), from €439,136 to €375,257
- Tax, wage and social debts +€7,793
up €7,793 (+32.2%), from €24,191 to €31,984
of which Remuneration and social security: +€7,619
- Gross operating margin +€63,977
up €63,977 (+117%), from €54,857 to €118,834
- Staff costs +€31,007
up €31,007 (+266%), from €11,676 to €42,683
- Taxes -€9,079
no longer reported in 2025 (was €9,079)
- Financial charges -€2,197
down €2,197 (-38.0%), from €5,781 to €3,583
- Depreciation -€1,243
down €1,243 (-71.8%), from €1,732 to €489
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 | €526,968 | €542,399 | +€15,431 | +2.9% |
| Formation expenses | 20 | €1,228 | €1,028 | -€200 | -16.3% |
| Fixed assets | 21/28 | €289 | €0 | -€289 | -100% |
| Tangible fixed assets | 22/27 | €289 | €0 | -€289 | -100% |
| Plant, machinery and equipment | 23 | €289 | €0 | -€289 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €525,450 | €541,370 | +€15,920 | +3.0% |
| Amounts receivable within one year | 40/41 | €518,983 | €523,927 | +€4,943 | +1.0% |
| Trade receivables | 40 | €471,392 | €482,395 | +€11,003 | +2.3% |
| Other amounts receivable | 41 | €47,592 | €41,532 | -€6,060 | -12.7% |
| Cash at bank and in hand | 54/58 | €5,056 | €17,123 | +€12,067 | +239% |
| Deferred charges and accrued income | 490/1 | €1,410 | €321 | -€1,089 | -77.3% |
| Total equity and liabilities | 10/49 | €526,968 | €542,399 | +€15,431 | +2.9% |
| Equity | 10/15 | €63,635 | €135,158 | +€71,523 | +112% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,635 | €131,158 | +€71,523 | +120% |
| Amounts payable | 17/49 | €463,333 | €407,241 | -€56,091 | -12.1% |
| Amounts payable within one year | 42/48 | €463,326 | €407,241 | -€56,085 | -12.1% |
| Trade debts | 44 | €439,136 | €375,257 | -€63,878 | -14.5% |
| Suppliers | 440/4 | €439,136 | €375,257 | -€63,878 | -14.5% |
| Taxes, remuneration and social security | 45 | €24,191 | €31,984 | +€7,793 | +32.2% |
| Taxes | 450/3 | - | €174 | +€174 | |
| Remuneration and social security | 454/9 | €24,191 | €31,810 | +€7,619 | +31.5% |
| Accrued charges and deferred income | 492/3 | €6 | - | -€6 | |
| Remuneration, social security and pensions | 62 | €11,676 | €42,683 | +€31,007 | +266% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,732 | €489 | -€1,243 | -71.8% |
| Other operating charges | 640/8 | €2,193 | €2,360 | +€167 | +7.6% |
| Gross operating margin | 9900 | €54,857 | €118,834 | +€63,977 | +117% |
| Operating profit (loss) | 9901 | €39,256 | €73,302 | +€34,046 | +86.7% |
| Financial income | 75/76B | €2,105 | €1,804 | -€301 | -14.3% |
| Recurring financial income | 75 | €2,105 | €1,804 | -€301 | -14.3% |
| Financial charges | 65/66B | €5,781 | €3,583 | -€2,197 | -38.0% |
| Recurring financial charges | 65 | €5,781 | €3,583 | -€2,197 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €35,580 | €71,523 | +€35,942 | +101% |
| Income taxes | 67/77 | €9,079 | - | -€9,079 | |
| Profit (loss) for the period | 9904 | €26,501 | €71,523 | +€45,022 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €26,501 | €71,523 | +€45,022 | +170% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.