GEORGES 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.
GEORGES CONSTRUCT
Largest movements
- Tangible fixed assets +€92,055
up €92,055 (+174%), from €52,990 to €145,045
of which Plant, machinery and equipment: +€50,373
- Cash +€9,610
new in 2025: €9,610
mainly Net result for the year (+€66,934) and Depreciation (+€29,395)
- Profit (loss) carried forward +€66,934
up €66,934 (+351,729%), from €19 to €66,953
- Trade debts +€21,797
up €21,797 (+610%), from €3,573 to €25,370
- Tax, wage and social debts +€14,143
up €14,143 (+50.5%), from €27,996 to €42,140
- Depreciation +€24,836
up €24,836 (+545%), from €4,560 to €29,395
- Gross operating margin +€17,165
up €17,165 (+17.5%), from €97,860 to €115,025
- Taxes -€8,598
down €8,598 (-33.9%), from €25,369 to €16,771
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 | €101,588 | €204,463 | +€102,875 | +101% |
| Fixed assets | 21/28 | €52,990 | €145,045 | +€92,055 | +174% |
| Tangible fixed assets | 22/27 | €52,990 | €145,045 | +€92,055 | +174% |
| Plant, machinery and equipment | 23 | €51,112 | €101,485 | +€50,373 | +98.6% |
| Furniture and vehicles | 24 | €1,878 | €43,561 | +€41,682 | +2,219% |
| Current assets | 29/58 | €48,597 | €59,417 | +€10,820 | +22.3% |
| Amounts receivable within one year | 40/41 | €48,597 | €49,807 | +€1,210 | +2.5% |
| Trade receivables | 40 | €8,679 | €18,755 | +€10,076 | +116% |
| Other amounts receivable | 41 | €39,918 | €31,052 | -€8,866 | -22.2% |
| Cash at bank and in hand | 54/58 | - | €9,610 | +€9,610 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €101,588 | €204,463 | +€102,875 | +101% |
| Equity | 10/15 | €70,019 | €136,953 | +€66,934 | +95.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,000 | €67,000 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19 | €66,953 | +€66,934 | +351,729% |
| Amounts payable | 17/49 | €31,569 | €67,510 | +€35,941 | +114% |
| Amounts payable within one year | 42/48 | €31,569 | €67,510 | +€35,941 | +114% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,573 | €25,370 | +€21,797 | +610% |
| Suppliers | 440/4 | €3,573 | €25,370 | +€21,797 | +610% |
| Taxes, remuneration and social security | 45 | €27,996 | €42,140 | +€14,143 | +50.5% |
| Taxes | 450/3 | €27,996 | €42,140 | +€14,143 | +50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,560 | €29,395 | +€24,836 | +545% |
| Other operating charges | 640/8 | €834 | €735 | -€99 | -11.8% |
| Gross operating margin | 9900 | €97,860 | €115,025 | +€17,165 | +17.5% |
| Operating profit (loss) | 9901 | €92,466 | €84,895 | -€7,572 | -8.2% |
| Financial charges | 65/66B | €79 | €1,190 | +€1,111 | +1,410% |
| Recurring financial charges | 65 | €79 | €1,190 | +€1,111 | +1,410% |
| Profit (loss) for the period before taxes | 9903 | €92,388 | €83,705 | -€8,682 | -9.4% |
| Income taxes | 67/77 | €25,369 | €16,771 | -€8,598 | -33.9% |
| Profit (loss) for the period | 9904 | €67,019 | €66,934 | -€85 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,019 | €66,934 | -€85 | -0.1% |
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.