GIP 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.
GIP CONSTRUCT
Largest movements
- Cash +€32,275
up €32,275 (+11.6%), from €278,859 to €311,134
mainly Net result for the year (+€25,884) and Other debts (+€23,040)
- Receivables within one year -€15,029
down €15,029 (-8.5%), from €177,093 to €162,064
of which Trade receivables: -€13,672
- Tangible fixed assets -€8,275
down €8,275 (-30.5%), from €27,157 to €18,882
of which Furniture and vehicles: -€7,608
- Deferred charges and accrued income -€5,108
down €5,108 (-74.6%), from €6,847 to €1,739
- Reserves -€25,394
down €25,394 (-6.1%), from €416,538 to €391,144
- Other debts +€23,040
up €23,040 (+81.6%), from €28,239 to €51,279
- Tax, wage and social debts +€5,137
up €5,137 (+57.1%), from €8,994 to €14,131
of which Taxes: +€5,303
- Gross operating margin -€186,669
down €186,669 (-81.4%), from €229,395 to €42,727
- Taxes -€56,017
down €56,017 (-83.4%), from €67,182 to €11,165
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 | €493,468 | €495,472 | +€2,004 | +0.4% |
| Fixed assets | 21/28 | €30,669 | €20,534 | -€10,135 | -33.0% |
| Tangible fixed assets | 22/27 | €27,157 | €18,882 | -€8,275 | -30.5% |
| Plant, machinery and equipment | 23 | €2,872 | €2,205 | -€667 | -23.2% |
| Furniture and vehicles | 24 | €24,286 | €16,677 | -€7,608 | -31.3% |
| Financial fixed assets | 28 | €3,512 | €1,652 | -€1,860 | -53.0% |
| Current assets | 29/58 | €462,799 | €474,938 | +€12,139 | +2.6% |
| Amounts receivable within one year | 40/41 | €177,093 | €162,064 | -€15,029 | -8.5% |
| Trade receivables | 40 | €30,942 | €17,270 | -€13,672 | -44.2% |
| Other amounts receivable | 41 | €146,151 | €144,794 | -€1,357 | -0.9% |
| Cash at bank and in hand | 54/58 | €278,859 | €311,134 | +€32,275 | +11.6% |
| Deferred charges and accrued income | 490/1 | €6,847 | €1,739 | -€5,108 | -74.6% |
| Total equity and liabilities | 10/49 | €493,468 | €495,472 | +€2,004 | +0.4% |
| Equity | 10/15 | €439,329 | €413,935 | -€25,394 | -5.8% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €416,538 | €391,144 | -€25,394 | -6.1% |
| Distributable reserves | 133 | €416,538 | €391,144 | -€25,394 | -6.1% |
| Profit (loss) carried forward | 14 | €480 | €480 | = | 0.0% |
| Amounts payable | 17/49 | €54,139 | €81,537 | +€27,398 | +50.6% |
| Amounts payable within one year | 42/48 | €54,015 | €81,012 | +€26,997 | +50.0% |
| Trade debts | 44 | €16,782 | €15,602 | -€1,180 | -7.0% |
| Suppliers | 440/4 | €16,782 | €15,602 | -€1,180 | -7.0% |
| Taxes, remuneration and social security | 45 | €8,994 | €14,131 | +€5,137 | +57.1% |
| Taxes | 450/3 | €8,828 | €14,131 | +€5,303 | +60.1% |
| Remuneration and social security | 454/9 | €166 | €0 | -€166 | -100.0% |
| Other amounts payable | 47/48 | €28,239 | €51,279 | +€23,040 | +81.6% |
| Accrued charges and deferred income | 492/3 | €124 | €525 | +€401 | +322.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,756 | €8,275 | -€481 | -5.5% |
| Other operating charges | 640/8 | €1,873 | €2,131 | +€259 | +13.8% |
| Gross operating margin | 9900 | €229,395 | €42,727 | -€186,669 | -81.4% |
| Operating profit (loss) | 9901 | €218,767 | €32,320 | -€186,447 | -85.2% |
| Financial income | 75/76B | €5,064 | €7,033 | +€1,969 | +38.9% |
| Recurring financial income | 75 | €5,064 | €7,033 | +€1,969 | +38.9% |
| Financial charges | 65/66B | €2,928 | €2,304 | -€624 | -21.3% |
| Recurring financial charges | 65 | €2,928 | €2,304 | -€624 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €220,903 | €37,049 | -€183,853 | -83.2% |
| Income taxes | 67/77 | €67,182 | €11,165 | -€56,017 | -83.4% |
| Profit (loss) for the period | 9904 | €153,721 | €25,884 | -€127,836 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €153,721 | €25,884 | -€127,836 | -83.2% |
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 6 October 2026 via checked.be.