Gego 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.
Gego Construct
Largest movements
- Receivables within one year +€137,537
up €137,537 (+27.8%), from €494,886 to €632,423
of which Other amounts receivable: +€163,285
- Cash -€58,045
down €58,045 (-26.0%), from €222,997 to €164,951
mainly Investment in fixed assets (net) (-€193,989) and Receivables within one year (-€137,537)
- Tangible fixed assets +€31,168
up €31,168 (+8.3%), from €375,620 to €406,787
of which Furniture and vehicles: +€105,292
- Reserves +€140,834
up €140,834 (+13.5%), from €1.0m to €1.2m
of which Distributable reserves: +€150,754
- Tax, wage and social debts -€40,702
down €40,702 (-51.1%), from €79,586 to €38,884
of which Taxes: -€30,668
- Trade debts +€27,569
up €27,569 (+54.2%), from €50,829 to €78,398
- Gross operating margin +€70,217
up €70,217 (+9.7%), from €723,150 to €793,367
- Staff costs -€26,526
down €26,526 (-5.7%), from €466,255 to €439,729
- Taxes +€19,201
up €19,201 (+68.2%), from €28,143 to €47,344
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 | €1,214,391 | €1,325,340 | +€110,948 | +9.1% |
| Fixed assets | 21/28 | €384,755 | €416,057 | +€31,303 | +8.1% |
| Tangible fixed assets | 22/27 | €375,620 | €406,787 | +€31,168 | +8.3% |
| Plant, machinery and equipment | 23 | €237,343 | €163,219 | -€74,125 | -31.2% |
| Furniture and vehicles | 24 | €138,276 | €243,569 | +€105,292 | +76.1% |
| Financial fixed assets | 28 | €9,135 | €9,270 | +€135 | +1.5% |
| Current assets | 29/58 | €829,637 | €909,282 | +€79,645 | +9.6% |
| Amounts receivable after more than one year | 29 | €99,494 | €102,340 | +€2,846 | +2.9% |
| Other amounts receivable | 291 | €99,494 | €102,340 | +€2,846 | +2.9% |
| Amounts receivable within one year | 40/41 | €494,886 | €632,423 | +€137,537 | +27.8% |
| Trade receivables | 40 | €57,265 | €31,517 | -€25,748 | -45.0% |
| Other amounts receivable | 41 | €437,621 | €600,906 | +€163,285 | +37.3% |
| Cash at bank and in hand | 54/58 | €222,997 | €164,951 | -€58,045 | -26.0% |
| Deferred charges and accrued income | 490/1 | €12,260 | €9,569 | -€2,692 | -22.0% |
| Total equity and liabilities | 10/49 | €1,214,391 | €1,325,340 | +€110,948 | +9.1% |
| Equity | 10/15 | €1,064,815 | €1,205,649 | +€140,834 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,046,215 | €1,187,049 | +€140,834 | +13.5% |
| Tax-exempt reserves | 132 | €17,974 | €8,054 | -€9,920 | -55.2% |
| Distributable reserves | 133 | €1,028,241 | €1,178,995 | +€150,754 | +14.7% |
| Provisions and deferred taxes | 16 | €4,493 | €2,013 | -€2,480 | -55.2% |
| Deferred taxes | 168 | €4,493 | €2,013 | -€2,480 | -55.2% |
| Amounts payable | 17/49 | €145,083 | €117,677 | -€27,406 | -18.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €145,083 | €117,677 | -€27,406 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €12,719 | €0 | -€12,719 | -100% |
| Financial debts | 43 | €1,949 | €395 | -€1,554 | -79.7% |
| Credit institutions | 430/8 | €1,949 | €395 | -€1,554 | -79.7% |
| Trade debts | 44 | €50,829 | €78,398 | +€27,569 | +54.2% |
| Suppliers | 440/4 | €50,829 | €78,398 | +€27,569 | +54.2% |
| Taxes, remuneration and social security | 45 | €79,586 | €38,884 | -€40,702 | -51.1% |
| Taxes | 450/3 | €40,254 | €9,586 | -€30,668 | -76.2% |
| Remuneration and social security | 454/9 | €39,332 | €29,299 | -€10,034 | -25.5% |
| Remuneration, social security and pensions | 62 | €466,255 | €439,729 | -€26,526 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,063 | €162,686 | +€7,623 | +4.9% |
| Other operating charges | 640/8 | €6,593 | €7,543 | +€950 | +14.4% |
| Gross operating margin | 9900 | €723,150 | €793,367 | +€70,217 | +9.7% |
| Operating profit (loss) | 9901 | €95,240 | €183,409 | +€88,169 | +92.6% |
| Financial income | 75/76B | €3,210 | €3,373 | +€163 | +5.1% |
| Recurring financial income | 75 | €3,210 | €3,373 | +€163 | +5.1% |
| Financial charges | 65/66B | €1,456 | €1,084 | -€373 | -25.6% |
| Recurring financial charges | 65 | €1,456 | €1,084 | -€373 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €96,993 | €185,698 | +€88,705 | +91.5% |
| Transfer from deferred taxes | 780 | €3,856 | €2,480 | -€1,376 | -35.7% |
| Income taxes | 67/77 | €28,143 | €47,344 | +€19,201 | +68.2% |
| Profit (loss) for the period | 9904 | €72,706 | €140,834 | +€68,128 | +93.7% |
| Transfer from tax-exempt reserves | 789 | €15,423 | €9,920 | -€5,503 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,129 | €150,754 | +€62,625 | +71.1% |
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 15 October 2026 via checked.be.