GICON-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.
GICON-CONSTRUCT
Largest movements
- Receivables within one year -€48,289
down €48,289 (-38.8%), from €124,442 to €76,153
of which Trade receivables: -€47,922
- Cash +€40,518
up €40,518 (+2030.3%), from €1,996 to €42,514
mainly Receivables within one year (+€48,289) and Depreciation (+€36,610)
- Tangible fixed assets -€14,110
down €14,110 (-4.5%), from €315,770 to €301,660
of which Land and buildings: -€15,181
- Trade debts -€24,834
down €24,834 (-97.2%), from €25,554 to €720
- Other debts +€15,169
up €15,169 (+11.4%), from €133,588 to €148,758
- Debts after one year -€12,954
down €12,954 (-9.6%), from €134,564 to €121,610
- Tax, wage and social debts -€8,963
down €8,963 (-17.2%), from €52,174 to €43,211
of which Remuneration and social security: -€5,000
- Current portion of long-term debt +€6,126
up €6,126 (+15.8%), from €38,799 to €44,925
- Depreciation +€6,978
up €6,978 (+23.5%), from €29,633 to €36,610
- Financial charges -€4,729
down €4,729 (-30.1%), from €15,686 to €10,957
of which Financial charges: -€4,894
- Gross operating margin +€2,027
up €2,027 (+3.9%), from €52,322 to €54,349
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 | €504,595 | €481,276 | -€23,318 | -4.6% |
| Fixed assets | 21/28 | €315,770 | €301,660 | -€14,110 | -4.5% |
| Tangible fixed assets | 22/27 | €315,770 | €301,660 | -€14,110 | -4.5% |
| Land and buildings | 22 | €265,800 | €250,619 | -€15,181 | -5.7% |
| Plant, machinery and equipment | 23 | €19,316 | €12,882 | -€6,434 | -33.3% |
| Furniture and vehicles | 24 | €30,654 | €38,158 | +€7,504 | +24.5% |
| Current assets | 29/58 | €188,824 | €179,617 | -€9,208 | -4.9% |
| Stocks and contracts in progress | 3 | €60,990 | €60,950 | -€40 | -0.1% |
| Stocks | 30/36 | €30,490 | €29,350 | -€1,140 | -3.7% |
| Contracts in progress | 37 | €30,500 | €31,600 | +€1,100 | +3.6% |
| Amounts receivable within one year | 40/41 | €124,442 | €76,153 | -€48,289 | -38.8% |
| Trade receivables | 40 | €124,075 | €76,153 | -€47,922 | -38.6% |
| Other amounts receivable | 41 | €367 | - | -€367 | |
| Cash at bank and in hand | 54/58 | €1,996 | €42,514 | +€40,518 | +2030.3% |
| Deferred charges and accrued income | 490/1 | €1,397 | - | -€1,397 | |
| Total equity and liabilities | 10/49 | €504,595 | €481,276 | -€23,318 | -4.6% |
| Equity | 10/15 | €119,915 | €122,053 | +€2,138 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,315 | €103,453 | +€2,138 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,455 | €101,593 | +€2,138 | +2.1% |
| Amounts payable | 17/49 | €384,679 | €359,224 | -€25,456 | -6.6% |
| Amounts payable after more than one year | 17 | €134,564 | €121,610 | -€12,954 | -9.6% |
| Financial debts | 170/4 | €134,564 | €121,610 | -€12,954 | -9.6% |
| Amounts payable within one year | 42/48 | €250,116 | €237,614 | -€12,502 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €38,799 | €44,925 | +€6,126 | +15.8% |
| Trade debts | 44 | €25,554 | €720 | -€24,834 | -97.2% |
| Suppliers | 440/4 | €25,554 | €720 | -€24,834 | -97.2% |
| Taxes, remuneration and social security | 45 | €52,174 | €43,211 | -€8,963 | -17.2% |
| Taxes | 450/3 | €11,174 | €7,211 | -€3,963 | -35.5% |
| Remuneration and social security | 454/9 | €41,000 | €36,000 | -€5,000 | -12.2% |
| Other amounts payable | 47/48 | €133,588 | €148,758 | +€15,169 | +11.4% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,633 | €36,610 | +€6,978 | +23.5% |
| Other operating charges | 640/8 | €3,228 | €2,705 | -€524 | -16.2% |
| Gross operating margin | 9900 | €52,322 | €54,349 | +€2,027 | +3.9% |
| Operating profit (loss) | 9901 | €19,461 | €15,034 | -€4,427 | -22.7% |
| Financial income | 75/76B | €21 | €54 | +€33 | +154.7% |
| Recurring financial income | 75 | €21 | €54 | +€33 | +154.7% |
| Financial charges | 65/66B | €15,686 | €10,957 | -€4,729 | -30.1% |
| Recurring financial charges | 65 | €15,686 | €10,792 | -€4,894 | -31.2% |
| Non-recurring financial charges | 66B | - | €165 | +€165 | |
| Profit (loss) for the period before taxes | 9903 | €3,796 | €4,131 | +€335 | +8.8% |
| Income taxes | 67/77 | €1,035 | €1,161 | +€125 | +12.1% |
| Profit (loss) for the period | 9904 | €2,761 | €2,971 | +€210 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,761 | €2,971 | +€210 | +7.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.