GFG 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.
GFG CONSTRUCT
Largest movements
- Receivables within one year +€90,422
up €90,422 (+141.2%), from €64,016 to €154,437
of which Other amounts receivable: +€49,882
- Cash +€3,223
up €3,223 (+38.0%), from €8,486 to €11,709
mainly Net result for the year (+€50,448) and Tax, wage and social debts (+€28,934)
- Reserves +€45,000
new in 2025: €45,000
- Tax, wage and social debts +€28,934
up €28,934 (+122.6%), from €23,610 to €52,544
of which Taxes: +€19,801
- Trade debts +€13,743
new in 2025: €13,743
- Profit (loss) carried forward +€5,448
up €5,448 (+11.1%), from €49,020 to €54,468
- Taxes +€8,551
up €8,551 (+71.7%), from €11,930 to €20,481
- Gross operating margin +€8,182
up €8,182 (+12.7%), from €64,502 to €72,684
- Provisions -€5,028
no longer reported in 2025 (was €5,028)
- Other operating charges +€3,341
up €3,341 (+15304.9%), from €22 to €3,363
- Financial income +€2,018
up €2,018 (+403.9%), from €500 to €2,518
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 | €73,630 | €167,729 | +€94,099 | +127.8% |
| Fixed assets | 21/28 | €1,128 | €1,582 | +€454 | +40.3% |
| Tangible fixed assets | 22/27 | €1,128 | €1,582 | +€454 | +40.3% |
| Plant, machinery and equipment | 23 | €1,128 | €553 | -€575 | -51.0% |
| Furniture and vehicles | 24 | - | €1,029 | +€1,029 | |
| Current assets | 29/58 | €72,502 | €166,146 | +€93,645 | +129.2% |
| Amounts receivable within one year | 40/41 | €64,016 | €154,437 | +€90,422 | +141.2% |
| Trade receivables | 40 | €17,150 | €57,690 | +€40,540 | +236.4% |
| Other amounts receivable | 41 | €46,866 | €96,747 | +€49,882 | +106.4% |
| Cash at bank and in hand | 54/58 | €8,486 | €11,709 | +€3,223 | +38.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €73,630 | €167,729 | +€94,099 | +127.8% |
| Equity | 10/15 | €50,020 | €100,468 | +€50,448 | +100.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €45,000 | +€45,000 | |
| Distributable reserves | 133 | - | €45,000 | +€45,000 | |
| Profit (loss) carried forward | 14 | €49,020 | €54,468 | +€5,448 | +11.1% |
| Amounts payable | 17/49 | €23,610 | €67,261 | +€43,651 | +184.9% |
| Amounts payable within one year | 42/48 | €23,610 | €66,287 | +€42,677 | +180.8% |
| Trade debts | 44 | - | €13,743 | +€13,743 | |
| Suppliers | 440/4 | €0 | €13,743 | +€13,743 | |
| Taxes, remuneration and social security | 45 | €23,610 | €52,544 | +€28,934 | +122.6% |
| Taxes | 450/3 | €12,610 | €32,411 | +€19,801 | +157.0% |
| Remuneration and social security | 454/9 | €11,000 | €20,133 | +€9,133 | +83.0% |
| Accrued charges and deferred income | 492/3 | - | €973 | +€973 | |
| Remuneration, social security and pensions | 62 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22 | €786 | +€764 | +3472.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,028 | - | -€5,028 | |
| Other operating charges | 640/8 | €22 | €3,363 | +€3,341 | +15304.9% |
| Non-recurring operating charges | 66A | €15 | - | -€15 | |
| Gross operating margin | 9900 | €64,502 | €72,684 | +€8,182 | +12.7% |
| Operating profit (loss) | 9901 | €59,405 | €68,536 | +€9,131 | +15.4% |
| Financial income | 75/76B | €500 | €2,518 | +€2,018 | +403.9% |
| Recurring financial income | 75 | €500 | €2,518 | +€2,018 | +403.9% |
| Financial charges | 65/66B | €1,674 | €124 | -€1,549 | -92.6% |
| Recurring financial charges | 65 | €1,674 | €124 | -€1,549 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €58,231 | €70,929 | +€12,698 | +21.8% |
| Income taxes | 67/77 | €11,930 | €20,481 | +€8,551 | +71.7% |
| Profit (loss) for the period | 9904 | €46,301 | €50,448 | +€4,147 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,301 | €50,448 | +€4,147 | +9.0% |
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 6 October 2026 via checked.be.