GG-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.
GG-CONSTRUCT
Largest movements
- Cash +€81,395
up €81,395 (+28.8%), from €282,890 to €364,285
mainly Depreciation (+€68,195) and Net result for the year (+€36,805)
- Tangible fixed assets -€49,706
down €49,706 (-14.7%), from €338,396 to €288,690
of which Plant, machinery and equipment: -€33,936
- Receivables within one year -€15,182
down €15,182 (-13.2%), from €114,847 to €99,664
of which Trade receivables: -€8,530
- Debts after one year -€36,140
down €36,140 (-37.7%), from €95,875 to €59,735
- Reserves +€36,000
up €36,000 (+6.9%), from €518,996 to €554,996
of which Distributable reserves: +€36,000
- Tax, wage and social debts +€14,928
up €14,928 (+67.7%), from €22,035 to €36,963
of which Remuneration and social security: +€14,718
- Gross operating margin +€27,393
up €27,393 (+10.4%), from €262,901 to €290,293
- Taxes +€9,155
up €9,155 (+166%), from €5,519 to €14,674
- Financial charges -€4,012
down €4,012 (-17.5%), from €22,879 to €18,867
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €914,401 | €937,062 | +€22,662 | +2.5% |
| Fixed assets | 21/28 | €338,396 | €288,690 | -€49,706 | -14.7% |
| Tangible fixed assets | 22/27 | €338,396 | €288,690 | -€49,706 | -14.7% |
| Land and buildings | 22 | €153,695 | €142,733 | -€10,962 | -7.1% |
| Plant, machinery and equipment | 23 | €136,424 | €102,488 | -€33,936 | -24.9% |
| Furniture and vehicles | 24 | €35,525 | €37,245 | +€1,720 | +4.8% |
| Leasing and similar rights | 25 | €12,752 | €6,224 | -€6,528 | -51.2% |
| Current assets | 29/58 | €576,004 | €648,373 | +€72,368 | +12.6% |
| Stocks and contracts in progress | 3 | €118,309 | €127,195 | +€8,885 | +7.5% |
| Stocks | 30/36 | €106,804 | €109,870 | +€3,066 | +2.9% |
| Contracts in progress | 37 | €11,506 | €17,325 | +€5,819 | +50.6% |
| Amounts receivable within one year | 40/41 | €114,847 | €99,664 | -€15,182 | -13.2% |
| Trade receivables | 40 | €105,062 | €96,532 | -€8,530 | -8.1% |
| Other amounts receivable | 41 | €9,785 | €3,133 | -€6,652 | -68.0% |
| Current investments | 50/53 | €59,548 | €57,229 | -€2,319 | -3.9% |
| Cash at bank and in hand | 54/58 | €282,890 | €364,285 | +€81,395 | +28.8% |
| Deferred charges and accrued income | 490/1 | €410 | - | -€410 | |
| Total equity and liabilities | 10/49 | €914,401 | €937,062 | +€22,662 | +2.5% |
| Equity | 10/15 | €527,397 | €564,202 | +€36,805 | +7.0% |
| Contributions | 10/11 | €6,333 | €6,333 | = | 0.0% |
| Reserves | 13 | €518,996 | €554,996 | +€36,000 | +6.9% |
| Tax-exempt reserves | 132 | €96 | €96 | = | 0.0% |
| Distributable reserves | 133 | €518,900 | €554,900 | +€36,000 | +6.9% |
| Profit (loss) carried forward | 14 | €2,067 | €2,872 | +€805 | +38.9% |
| Amounts payable | 17/49 | €387,004 | €372,861 | -€14,143 | -3.7% |
| Amounts payable after more than one year | 17 | €95,875 | €59,735 | -€36,140 | -37.7% |
| Financial debts | 170/4 | €95,875 | €59,735 | -€36,140 | -37.7% |
| Amounts payable within one year | 42/48 | €291,129 | €313,126 | +€21,997 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €42,505 | €39,501 | -€3,004 | -7.1% |
| Trade debts | 44 | €36,737 | €44,245 | +€7,508 | +20.4% |
| Suppliers | 440/4 | €36,737 | €44,245 | +€7,508 | +20.4% |
| Taxes, remuneration and social security | 45 | €22,035 | €36,963 | +€14,928 | +67.7% |
| Taxes | 450/3 | €11,834 | €12,044 | +€211 | +1.8% |
| Remuneration and social security | 454/9 | €10,201 | €24,919 | +€14,718 | +144% |
| Other amounts payable | 47/48 | €189,852 | €192,417 | +€2,565 | +1.4% |
| Remuneration, social security and pensions | 62 | €148,701 | €148,077 | -€624 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,286 | €68,195 | -€92 | -0.1% |
| Other operating charges | 640/8 | €5,230 | €4,689 | -€541 | -10.3% |
| Gross operating margin | 9900 | €262,901 | €290,293 | +€27,393 | +10.4% |
| Operating profit (loss) | 9901 | €40,684 | €69,333 | +€28,649 | +70.4% |
| Financial income | 75/76B | €685 | €1,013 | +€328 | +47.8% |
| Recurring financial income | 75 | €685 | €1,013 | +€328 | +47.8% |
| Financial charges | 65/66B | €22,879 | €18,867 | -€4,012 | -17.5% |
| Recurring financial charges | 65 | €22,879 | €18,867 | -€4,012 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €18,490 | €51,479 | +€32,989 | +178% |
| Income taxes | 67/77 | €5,519 | €14,674 | +€9,155 | +166% |
| Profit (loss) for the period | 9904 | €12,971 | €36,805 | +€23,834 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €12,971 | €36,805 | +€23,834 | +184% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.