GIV 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.
GIV CONSTRUCT
Largest movements
- Cash +€16,602
up €16,602 (+23.1%), from €71,801 to €88,403
mainly Other debts (+€30,026) and Net result for the year (+€19,706)
- Tangible fixed assets -€6,589
down €6,589 (-49.0%), from €13,447 to €6,858
of which Furniture and vehicles: -€6,240
- Receivables within one year +€5,696
up €5,696 (+106%), from €5,359 to €11,055
of which Other amounts receivable: +€4,848
- Deferred charges and accrued income +€1,098
up €1,098 (+62.4%), from €1,758 to €2,856
- Other debts +€30,026
up €30,026 (+1,200%), from €2,501 to €32,527
- Profit (loss) carried forward -€16,303
down €16,303 (-22.9%), from €71,169 to €54,865
- Tax, wage and social debts +€8,449
up €8,449 (+249%), from €3,400 to €11,849
of which Taxes: +€8,449
- Current portion of long-term debt -€5,113
no longer reported in 2025 (was €5,113)
- Gross operating margin -€1,651
down €1,651 (-4.9%), from €33,712 to €32,061
- Financial charges -€1,571
down €1,571 (-84.7%), from €1,856 to €284
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 | €92,461 | €109,268 | +€16,806 | +18.2% |
| Fixed assets | 21/28 | €13,543 | €6,954 | -€6,589 | -48.7% |
| Tangible fixed assets | 22/27 | €13,447 | €6,858 | -€6,589 | -49.0% |
| Plant, machinery and equipment | 23 | €663 | €313 | -€350 | -52.7% |
| Furniture and vehicles | 24 | €12,785 | €6,545 | -€6,240 | -48.8% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €78,918 | €102,314 | +€23,396 | +29.6% |
| Amounts receivable within one year | 40/41 | €5,359 | €11,055 | +€5,696 | +106% |
| Trade receivables | 40 | €106 | €954 | +€848 | +800% |
| Other amounts receivable | 41 | €5,253 | €10,101 | +€4,848 | +92.3% |
| Cash at bank and in hand | 54/58 | €71,801 | €88,403 | +€16,602 | +23.1% |
| Deferred charges and accrued income | 490/1 | €1,758 | €2,856 | +€1,098 | +62.4% |
| Total equity and liabilities | 10/49 | €92,461 | €109,268 | +€16,806 | +18.2% |
| Equity | 10/15 | €79,229 | €62,925 | -€16,303 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,169 | €54,865 | -€16,303 | -22.9% |
| Amounts payable | 17/49 | €13,233 | €46,342 | +€33,110 | +250% |
| Amounts payable within one year | 42/48 | €13,233 | €46,342 | +€33,110 | +250% |
| Current portion of amounts payable after more than one year | 42 | €5,113 | - | -€5,113 | |
| Trade debts | 44 | €2,219 | €1,966 | -€253 | -11.4% |
| Suppliers | 440/4 | €2,219 | €1,966 | -€253 | -11.4% |
| Taxes, remuneration and social security | 45 | €3,400 | €11,849 | +€8,449 | +249% |
| Taxes | 450/3 | - | €8,449 | +€8,449 | |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Other amounts payable | 47/48 | €2,501 | €32,527 | +€30,026 | +1,200% |
| Remuneration, social security and pensions | 62 | €276 | €284 | +€8 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,589 | €6,589 | = | 0.0% |
| Other operating charges | 640/8 | €186 | €250 | +€63 | +34.1% |
| Gross operating margin | 9900 | €33,712 | €32,061 | -€1,651 | -4.9% |
| Operating profit (loss) | 9901 | €26,660 | €24,938 | -€1,722 | -6.5% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,856 | €284 | -€1,571 | -84.7% |
| Recurring financial charges | 65 | €1,856 | €284 | -€1,571 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €24,805 | €24,654 | -€151 | -0.6% |
| Income taxes | 67/77 | €5,026 | €4,948 | -€78 | -1.5% |
| Profit (loss) for the period | 9904 | €19,779 | €19,706 | -€73 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,779 | €19,706 | -€73 | -0.4% |
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 17 October 2026 via checked.be.