GEORGE 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.
GEORGE CONSTRUCT
Largest movements
- Cash -€11,782
down €11,782 (-70.1%), from €16,810 to €5,028
mainly Other debts (-€16,450) and Contributions, distributions and other (-€10,000)
- Receivables within one year -€9,218
down €9,218 (-30.4%), from €30,309 to €21,092
of which Other amounts receivable: -€29,260
- Other debts -€16,450
down €16,450 (-70.1%), from €23,450 to €7,000
- Tax, wage and social debts -€9,462
down €9,462 (-60.5%), from €15,641 to €6,178
of which Taxes: -€5,412
- Trade debts +€3,658
up €3,658 (+399%), from €917 to €4,575
- Profit (loss) carried forward +€970
up €970 (+2,770%), from €35 to €1,005
- Gross operating margin +€8,701
up €8,701 (+135%), from €6,427 to €15,128
- Taxes +€1,507
up €1,507 (+112%), from €1,345 to €2,852
- Financial income -€1,052
down €1,052 (-92.1%), from €1,142 to €90
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 | €48,103 | €26,819 | -€21,284 | -44.2% |
| Fixed assets | 21/28 | €527 | €150 | -€377 | -71.5% |
| Tangible fixed assets | 22/27 | €377 | €0 | -€377 | -100% |
| Furniture and vehicles | 24 | €377 | €0 | -€377 | -100% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €47,577 | €26,669 | -€20,907 | -43.9% |
| Amounts receivable within one year | 40/41 | €30,309 | €21,092 | -€9,218 | -30.4% |
| Trade receivables | 40 | €1,049 | €21,092 | +€20,043 | +1,911% |
| Other amounts receivable | 41 | €29,260 | €0 | -€29,260 | -100% |
| Cash at bank and in hand | 54/58 | €16,810 | €5,028 | -€11,782 | -70.1% |
| Deferred charges and accrued income | 490/1 | €457 | €549 | +€92 | +20.0% |
| Total equity and liabilities | 10/49 | €48,103 | €26,819 | -€21,284 | -44.2% |
| Equity | 10/15 | €8,095 | €9,065 | +€970 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €35 | €1,005 | +€970 | +2,770% |
| Amounts payable | 17/49 | €40,008 | €17,754 | -€22,254 | -55.6% |
| Amounts payable within one year | 42/48 | €40,008 | €17,754 | -€22,254 | -55.6% |
| Trade debts | 44 | €917 | €4,575 | +€3,658 | +399% |
| Suppliers | 440/4 | €917 | €4,575 | +€3,658 | +399% |
| Taxes, remuneration and social security | 45 | €15,641 | €6,178 | -€9,462 | -60.5% |
| Taxes | 450/3 | €11,591 | €6,178 | -€5,412 | -46.7% |
| Remuneration and social security | 454/9 | €4,050 | €0 | -€4,050 | -100% |
| Other amounts payable | 47/48 | €23,450 | €7,000 | -€16,450 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €377 | = | 0.0% |
| Other operating charges | 640/8 | €132 | €141 | +€9 | +6.7% |
| Gross operating margin | 9900 | €6,427 | €15,128 | +€8,701 | +135% |
| Operating profit (loss) | 9901 | €5,919 | €14,611 | +€8,692 | +147% |
| Financial income | 75/76B | €1,142 | €90 | -€1,052 | -92.1% |
| Recurring financial income | 75 | €1,142 | €90 | -€1,052 | -92.1% |
| Financial charges | 65/66B | €812 | €879 | +€67 | +8.3% |
| Recurring financial charges | 65 | €812 | €879 | +€67 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €6,250 | €13,822 | +€7,572 | +121% |
| Income taxes | 67/77 | €1,345 | €2,852 | +€1,507 | +112% |
| Profit (loss) for the period | 9904 | €4,905 | €10,970 | +€6,066 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €4,905 | €10,970 | +€6,066 | +124% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.