Général Construct M: 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.
Général Construct M
Largest movements
- Receivables within one year +€7,111
up €7,111 (+10.4%), from €68,303 to €75,414
of which Trade receivables: +€8,612
- Tangible fixed assets -€859
down €859 (-37.2%), from €2,309 to €1,450
of which Furniture and vehicles: -€859
- Other debts +€4,760
up €4,760 (+28.3%), from €16,831 to €21,591
- Tax, wage and social debts +€1,042
up €1,042 (+148.5%), from €702 to €1,744
of which Taxes: +€1,042
- Gross operating margin +€9,447
up €9,447 (+131.9%), from €7,160 to €16,607
- Taxes +€1,339
up €1,339 (+66.7%), from €2,008 to €3,347
- Depreciation +€543
up €543 (+171.7%), from €316 to €859
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 | €73,968 | €79,188 | +€5,219 | +7.1% |
| Fixed assets | 21/28 | €2,388 | €1,530 | -€859 | -36.0% |
| Tangible fixed assets | 22/27 | €2,309 | €1,450 | -€859 | -37.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,309 | €1,450 | -€859 | -37.2% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €71,580 | €77,658 | +€6,078 | +8.5% |
| Amounts receivable within one year | 40/41 | €68,303 | €75,414 | +€7,111 | +10.4% |
| Trade receivables | 40 | €55,607 | €64,219 | +€8,612 | +15.5% |
| Other amounts receivable | 41 | €12,696 | €11,195 | -€1,501 | -11.8% |
| Cash at bank and in hand | 54/58 | €2,833 | €2,082 | -€750 | -26.5% |
| Deferred charges and accrued income | 490/1 | €444 | €162 | -€283 | -63.6% |
| Total equity and liabilities | 10/49 | €73,968 | €79,188 | +€5,219 | +7.1% |
| Equity | 10/15 | €54,116 | €54,116 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,516 | €35,516 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,656 | €33,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,852 | €25,071 | +€5,219 | +26.3% |
| Amounts payable within one year | 42/48 | €19,818 | €25,060 | +€5,242 | +26.5% |
| Financial debts | 43 | €1,667 | €1,667 | = | 0.0% |
| Credit institutions | 430/8 | €1,667 | €1,667 | = | 0.0% |
| Trade debts | 44 | €618 | €58 | -€560 | -90.6% |
| Suppliers | 440/4 | €618 | €58 | -€560 | -90.6% |
| Taxes, remuneration and social security | 45 | €702 | €1,744 | +€1,042 | +148.5% |
| Taxes | 450/3 | €702 | €1,744 | +€1,042 | +148.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,831 | €21,591 | +€4,760 | +28.3% |
| Accrued charges and deferred income | 492/3 | €34 | €11 | -€23 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €859 | +€543 | +171.7% |
| Other operating charges | 640/8 | €515 | €654 | +€139 | +27.0% |
| Gross operating margin | 9900 | €7,160 | €16,607 | +€9,447 | +131.9% |
| Operating profit (loss) | 9901 | €6,329 | €15,094 | +€8,765 | +138.5% |
| Financial income | 75/76B | €403 | €298 | -€105 | -26.0% |
| Recurring financial income | 75 | €403 | €298 | -€105 | -26.0% |
| Financial charges | 65/66B | €426 | €418 | -€8 | -1.8% |
| Recurring financial charges | 65 | €426 | €418 | -€8 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €6,306 | €14,974 | +€8,668 | +137.5% |
| Income taxes | 67/77 | €2,008 | €3,347 | +€1,339 | +66.7% |
| Profit (loss) for the period | 9904 | €4,298 | €11,627 | +€7,329 | +170.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,298 | €11,627 | +€7,329 | +170.5% |
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 1 October 2026 via checked.be.