GGM 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.
GGM CONSTRUCT
Largest movements
- Receivables within one year +€9,116
up €9,116 (+21.4%), from €42,503 to €51,619
of which Other amounts receivable: +€14,366
- Cash +€3,963
up €3,963, from €0 to €3,963
mainly Net result for the year (+€6,900) and Tax, wage and social debts (+€6,157)
- Profit (loss) carried forward +€6,900
up €6,900 (+20.5%), from €33,657 to €40,557
- Tax, wage and social debts +€6,157
up €6,157 (+70.8%), from €8,695 to €14,852
of which Remuneration and social security: +€4,160
- Gross operating margin -€33,224
down €33,224 (-81.5%), from €40,790 to €7,566
- Taxes -€6,698
down €6,698 (-77.0%), from €8,695 to €1,997
- Financial income +€1,075
up €1,075 (+59.9%), from €1,795 to €2,870
- Other operating charges +€1,057
new in 2025: €1,057
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 | €42,503 | €55,581 | +€13,078 | +30.8% |
| Current assets | 29/58 | €42,503 | €55,581 | +€13,078 | +30.8% |
| Amounts receivable within one year | 40/41 | €42,503 | €51,619 | +€9,116 | +21.4% |
| Trade receivables | 40 | €5,250 | - | -€5,250 | |
| Other amounts receivable | 41 | €37,253 | €51,619 | +€14,366 | +38.6% |
| Cash at bank and in hand | 54/58 | €0 | €3,963 | +€3,963 | |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €42,503 | €55,581 | +€13,078 | +30.8% |
| Equity | 10/15 | €33,657 | €40,557 | +€6,900 | +20.5% |
| Profit (loss) carried forward | 14 | €33,657 | €40,557 | +€6,900 | +20.5% |
| Amounts payable | 17/49 | €8,846 | €15,024 | +€6,178 | +69.8% |
| Amounts payable within one year | 42/48 | €8,846 | €15,024 | +€6,178 | +69.8% |
| Financial debts | 43 | €20 | €14 | -€6 | -30.7% |
| Credit institutions | 430/8 | €20 | €14 | -€6 | -30.7% |
| Trade debts | 44 | €131 | €158 | +€27 | +20.9% |
| Suppliers | 440/4 | €131 | €158 | +€27 | +20.9% |
| Taxes, remuneration and social security | 45 | €8,695 | €14,852 | +€6,157 | +70.8% |
| Taxes | 450/3 | €8,695 | €10,692 | +€1,997 | +23.0% |
| Remuneration and social security | 454/9 | - | €4,160 | +€4,160 | |
| Other operating charges | 640/8 | - | €1,057 | +€1,057 | |
| Non-recurring operating charges | 66A | - | €113 | +€113 | |
| Gross operating margin | 9900 | €40,790 | €7,566 | -€33,224 | -81.5% |
| Operating profit (loss) | 9901 | €40,790 | €6,395 | -€34,394 | -84.3% |
| Financial income | 75/76B | €1,795 | €2,870 | +€1,075 | +59.9% |
| Recurring financial income | 75 | €1,795 | €2,870 | +€1,075 | +59.9% |
| Financial charges | 65/66B | €232 | €368 | +€135 | +58.4% |
| Recurring financial charges | 65 | €232 | €368 | +€135 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €42,352 | €8,897 | -€33,455 | -79.0% |
| Income taxes | 67/77 | €8,695 | €1,997 | -€6,698 | -77.0% |
| Profit (loss) for the period | 9904 | €33,657 | €6,900 | -€26,757 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,657 | €6,900 | -€26,757 | -79.5% |
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 7 October 2026 via checked.be.