GIOCONSTRUCT: 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.
GIOCONSTRUCT
Largest movements
- Deferred charges and accrued income -€9,305
down €9,305 (-85.3%), from €10,914 to €1,609
- Receivables within one year -€5,032
down €5,032 (-3.9%), from €129,596 to €124,565
of which Trade receivables: -€7,406
- Trade debts -€23,706
down €23,706 (-94.8%), from €25,008 to €1,303
- Reserves +€9,897
up €9,897 (+67.7%), from €14,614 to €24,511
of which Distributable reserves: +€9,897
- Gross operating margin -€6,094
down €6,094 (-31.9%), from €19,116 to €13,022
- Taxes -€3,284
down €3,284 (-44.4%), from €7,393 to €4,109
- Staff costs -€942
no longer reported in 2025 (was €942)
- Financial charges +€640
up €640 (+90.2%), from €710 to €1,350
- Other operating charges +€600
up €600 (+968%), from €62 to €662
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 | €148,402 | €134,212 | -€14,190 | -9.6% |
| Fixed assets | 21/28 | €523 | €177 | -€346 | -66.1% |
| Tangible fixed assets | 22/27 | €523 | €177 | -€346 | -66.1% |
| Furniture and vehicles | 24 | €523 | €177 | -€346 | -66.1% |
| Current assets | 29/58 | €147,879 | €134,035 | -€13,844 | -9.4% |
| Amounts receivable within one year | 40/41 | €129,596 | €124,565 | -€5,032 | -3.9% |
| Trade receivables | 40 | €63,426 | €56,020 | -€7,406 | -11.7% |
| Other amounts receivable | 41 | €66,170 | €68,545 | +€2,375 | +3.6% |
| Cash at bank and in hand | 54/58 | €7,369 | €7,861 | +€492 | +6.7% |
| Deferred charges and accrued income | 490/1 | €10,914 | €1,609 | -€9,305 | -85.3% |
| Total equity and liabilities | 10/49 | €148,402 | €134,212 | -€14,190 | -9.6% |
| Equity | 10/15 | €111,473 | €121,371 | +€9,897 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,614 | €24,511 | +€9,897 | +67.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,754 | €22,651 | +€9,897 | +77.6% |
| Profit (loss) carried forward | 14 | €84,459 | €84,459 | = | 0.0% |
| Amounts payable | 17/49 | €36,929 | €12,842 | -€24,088 | -65.2% |
| Amounts payable within one year | 42/48 | €35,042 | €12,218 | -€22,824 | -65.1% |
| Trade debts | 44 | €25,008 | €1,303 | -€23,706 | -94.8% |
| Suppliers | 440/4 | €25,008 | €1,303 | -€23,706 | -94.8% |
| Taxes, remuneration and social security | 45 | €10,034 | €10,915 | +€881 | +8.8% |
| Taxes | 450/3 | €9,785 | €10,915 | +€1,131 | +11.6% |
| Remuneration and social security | 454/9 | €249 | - | -€249 | |
| Accrued charges and deferred income | 492/3 | €1,887 | €624 | -€1,263 | -67.0% |
| Remuneration, social security and pensions | 62 | €942 | - | -€942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €346 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €662 | +€600 | +968% |
| Gross operating margin | 9900 | €19,116 | €13,022 | -€6,094 | -31.9% |
| Operating profit (loss) | 9901 | €17,766 | €12,014 | -€5,752 | -32.4% |
| Financial income | 75/76B | €3,091 | €3,342 | +€251 | +8.1% |
| Recurring financial income | 75 | €3,091 | €3,342 | +€251 | +8.1% |
| Financial charges | 65/66B | €710 | €1,350 | +€640 | +90.2% |
| Recurring financial charges | 65 | €710 | €1,350 | +€640 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €20,147 | €14,006 | -€6,141 | -30.5% |
| Income taxes | 67/77 | €7,393 | €4,109 | -€3,284 | -44.4% |
| Profit (loss) for the period | 9904 | €12,754 | €9,897 | -€2,857 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,754 | €9,897 | -€2,857 | -22.4% |
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 16 October 2026 via checked.be.