GFO BATIMENT: 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.
GFO BATIMENT
Largest movements
- Tangible fixed assets +€27,935
up €27,935 (+113%), from €24,693 to €52,628
of which Land and buildings: +€24,768
- Receivables within one year -€11,513
down €11,513 (-23.8%), from €48,414 to €36,901
of which Trade receivables: -€7,915
- Stocks and contracts -€8,627
down €8,627 (-93.2%), from €9,254 to €627
- Cash -€2,813
down €2,813 (-23.3%), from €12,078 to €9,265
mainly Investment in fixed assets (net) (-€33,338) and Tax, wage and social debts (-€1,805)
- Profit (loss) carried forward +€4,905
up €4,905 (+11.8%), from €41,582 to €46,488
- Tax, wage and social debts -€1,805
down €1,805 (-29.2%), from €6,192 to €4,387
of which Remuneration and social security: -€1,800
- Trade debts +€1,367
up €1,367 (+3.6%), from €38,285 to €39,652
- Gross operating margin +€2,739
up €2,739 (+4.7%), from €58,192 to €60,932
- Depreciation +€2,499
up €2,499 (+86.0%), from €2,904 to €5,403
- Staff costs -€2,475
down €2,475 (-5.0%), from €49,528 to €47,053
- Taxes +€974
up €974 (+104%), from €936 to €1,910
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 | €94,719 | €99,702 | +€4,982 | +5.3% |
| Fixed assets | 21/28 | €24,973 | €52,908 | +€27,935 | +112% |
| Tangible fixed assets | 22/27 | €24,693 | €52,628 | +€27,935 | +113% |
| Land and buildings | 22 | €24,325 | €49,093 | +€24,768 | +102% |
| Plant, machinery and equipment | 23 | €368 | €3,536 | +€3,168 | +860% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €69,746 | €46,793 | -€22,953 | -32.9% |
| Stocks and contracts in progress | 3 | €9,254 | €627 | -€8,627 | -93.2% |
| Stocks | 30/36 | €9,254 | €627 | -€8,627 | -93.2% |
| Amounts receivable within one year | 40/41 | €48,414 | €36,901 | -€11,513 | -23.8% |
| Trade receivables | 40 | €44,816 | €36,901 | -€7,915 | -17.7% |
| Other amounts receivable | 41 | €3,598 | - | -€3,598 | |
| Cash at bank and in hand | 54/58 | €12,078 | €9,265 | -€2,813 | -23.3% |
| Total equity and liabilities | 10/49 | €94,719 | €99,702 | +€4,982 | +5.3% |
| Equity | 10/15 | €49,887 | €54,793 | +€4,905 | +9.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €2,107 | €2,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,582 | €46,488 | +€4,905 | +11.8% |
| Amounts payable | 17/49 | €44,832 | €44,909 | +€77 | +0.2% |
| Amounts payable within one year | 42/48 | €44,832 | €44,909 | +€77 | +0.2% |
| Financial debts | 43 | - | €698 | +€698 | |
| Credit institutions | 430/8 | - | €698 | +€698 | |
| Trade debts | 44 | €38,285 | €39,652 | +€1,367 | +3.6% |
| Suppliers | 440/4 | €38,285 | €39,652 | +€1,367 | +3.6% |
| Taxes, remuneration and social security | 45 | €6,192 | €4,387 | -€1,805 | -29.2% |
| Taxes | 450/3 | €2,236 | €2,231 | -€5 | -0.2% |
| Remuneration and social security | 454/9 | €3,955 | €2,155 | -€1,800 | -45.5% |
| Other amounts payable | 47/48 | €356 | €173 | -€182 | -51.3% |
| Remuneration, social security and pensions | 62 | €49,528 | €47,053 | -€2,475 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,904 | €5,403 | +€2,499 | +86.0% |
| Other operating charges | 640/8 | €836 | €738 | -€98 | -11.8% |
| Gross operating margin | 9900 | €58,192 | €60,932 | +€2,739 | +4.7% |
| Operating profit (loss) | 9901 | €4,924 | €7,739 | +€2,814 | +57.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +700% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700% |
| Financial charges | 65/66B | €858 | €923 | +€65 | +7.5% |
| Recurring financial charges | 65 | €858 | €923 | +€65 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €4,066 | €6,816 | +€2,750 | +67.6% |
| Income taxes | 67/77 | €936 | €1,910 | +€974 | +104% |
| Profit (loss) for the period | 9904 | €3,129 | €4,905 | +€1,776 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,129 | €4,905 | +€1,776 | +56.7% |
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 18 October 2026 via checked.be.