Ge-Grond Construct: what changed
Two fiscal 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-Grond Construct
Largest movements
- Stocks and contracts +€1.5m
new in 2025: €1.5m
- Receivables within one year -€281,529
down €281,529 (-80.2%), from €351,235 to €69,705
of which Trade receivables: -€267,694
- Cash +€38,387
up €38,387 (+360.6%), from €10,646 to €49,033
mainly Advances received (+€951,548) and Receivables within one year (+€281,529)
- Advances received +€951,548
new in 2025: €951,548
- Other debts +€266,266
up €266,266 (+98.5%), from €270,318 to €536,584
- Tax, wage and social debts +€56,468
up €56,468 (+5185.5%), from €1,089 to €57,556
- Profit (loss) carried forward -€29,737
new in 2025: -€29,737
- Trade debts +€24,028
up €24,028 (+42.8%), from €56,153 to €80,181
- Financial charges +€29,044
up €29,044 (+34049.3%), from €85 to €29,129
- Gross operating margin -€10,794
down €10,794, from €6,385 to -€4,409
- Taxes -€1,089
down €1,089 (-100.0%), from €1,089 to €0
- Other operating charges -€370
down €370 (-41.6%), from €890 to €520
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.
Cash bridge derived
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 | €361,881 | €1,626,132 | +€1.3m | +349.4% |
| Current assets | 29/58 | €361,881 | €1,626,132 | +€1.3m | +349.4% |
| Stocks and contracts in progress | 3 | - | €1,507,394 | +€1.5m | |
| Contracts in progress | 37 | - | €1,507,394 | +€1.5m | |
| Amounts receivable within one year | 40/41 | €351,235 | €69,705 | -€281,529 | -80.2% |
| Trade receivables | 40 | €337,399 | €69,705 | -€267,694 | -79.3% |
| Other amounts receivable | 41 | €13,836 | €0 | -€13,836 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,646 | €49,033 | +€38,387 | +360.6% |
| Total equity and liabilities | 10/49 | €361,881 | €1,626,132 | +€1.3m | +349.4% |
| Equity | 10/15 | €34,321 | €263 | -€34,058 | -99.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €4,321 | €0 | -€4,321 | -100.0% |
| Distributable reserves | 133 | €4,321 | €0 | -€4,321 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€29,737 | -€29,737 | |
| Amounts payable | 17/49 | €327,560 | €1,625,870 | +€1.3m | +396.4% |
| Amounts payable within one year | 42/48 | €327,560 | €1,625,870 | +€1.3m | +396.4% |
| Trade debts | 44 | €56,153 | €80,181 | +€24,028 | +42.8% |
| Suppliers | 440/4 | €56,153 | €80,181 | +€24,028 | +42.8% |
| Advances received on contracts in progress | 46 | - | €951,548 | +€951,548 | |
| Taxes, remuneration and social security | 45 | €1,089 | €57,556 | +€56,468 | +5185.5% |
| Taxes | 450/3 | €1,089 | €57,556 | +€56,468 | +5185.5% |
| Other amounts payable | 47/48 | €270,318 | €536,584 | +€266,266 | +98.5% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €6,385 | -€4,409 | -€10,794 | |
| Operating profit (loss) | 9901 | €5,495 | -€4,929 | -€10,424 | |
| Financial charges | 65/66B | €85 | €29,129 | +€29,044 | +34049.3% |
| Recurring financial charges | 65 | €85 | €29,129 | +€29,044 | +34049.3% |
| Profit (loss) for the period before taxes | 9903 | €5,410 | -€34,058 | -€39,468 | |
| Income taxes | 67/77 | €1,089 | €0 | -€1,089 | -100.0% |
| Profit (loss) for the period | 9904 | €4,321 | -€34,058 | -€38,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,321 | -€34,058 | -€38,379 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.