GJ-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.
GJ-CONSTRUCT
Largest movements
- Receivables within one year +€107,119
up €107,119 (+92.5%), from €115,866 to €222,985
of which Trade receivables: +€105,144
- Cash -€70,836
down €70,836 (-100.0%), from €70,838 to €2
mainly Receivables within one year (-€107,119) and Advances received (-€16,560)
- Receivables after one year +€13,747
up €13,747 (+6.4%), from €214,244 to €227,991
- Trade debts +€61,670
up €61,670 (+52.5%), from €117,435 to €179,105
of which Suppliers: +€70,856
- Profit (loss) carried forward +€24,367
up €24,367 (+17.1%), from €142,576 to €166,942
- Advances received -€16,560
down €16,560 (-17.8%), from €92,782 to €76,222
- Tax, wage and social debts -€10,308
down €10,308 (-32.9%), from €31,357 to €21,049
- Write-downs +€7,350
up €7,350 (+700.0%), from €1,050 to €8,400
- Other operating charges -€5,591
down €5,591 (-51.7%), from €10,818 to €5,227
- Taxes -€5,068
down €5,068 (-38.9%), from €13,044 to €7,976
- Gross operating margin -€1,993
down €1,993 (-5.3%), from €37,954 to €35,961
- Depreciation +€1,120
up €1,120 (+308.8%), from €363 to €1,483
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 | €434,398 | €488,839 | +€54,441 | +12.5% |
| Fixed assets | 21/28 | €1,961 | €5,267 | +€3,307 | +168.7% |
| Tangible fixed assets | 22/27 | €1,961 | €5,267 | +€3,307 | +168.7% |
| Plant, machinery and equipment | 23 | €323 | €3,494 | +€3,171 | +982.4% |
| Furniture and vehicles | 24 | €1,638 | €1,038 | -€600 | -36.6% |
| Other tangible fixed assets | 26 | - | €735 | +€735 | |
| Current assets | 29/58 | €432,437 | €483,572 | +€51,135 | +11.8% |
| Amounts receivable after more than one year | 29 | €214,244 | €227,991 | +€13,747 | +6.4% |
| Other amounts receivable | 291 | €214,244 | €227,991 | +€13,747 | +6.4% |
| Amounts receivable within one year | 40/41 | €115,866 | €222,985 | +€107,119 | +92.5% |
| Trade receivables | 40 | €114,526 | €219,671 | +€105,144 | +91.8% |
| Other amounts receivable | 41 | €1,340 | €3,314 | +€1,974 | +147.4% |
| Cash at bank and in hand | 54/58 | €70,838 | €2 | -€70,836 | -100.0% |
| Deferred charges and accrued income | 490/1 | €31,489 | €32,595 | +€1,106 | +3.5% |
| Total equity and liabilities | 10/49 | €434,398 | €488,839 | +€54,441 | +12.5% |
| Equity | 10/15 | €188,097 | €212,464 | +€24,367 | +13.0% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €45,322 | €45,322 | = | 0.0% |
| Distributable reserves | 133 | €45,322 | €45,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,576 | €166,942 | +€24,367 | +17.1% |
| Amounts payable | 17/49 | €246,300 | €276,375 | +€30,075 | +12.2% |
| Amounts payable within one year | 42/48 | €245,999 | €276,375 | +€30,376 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €4,425 | - | -€4,425 | |
| Trade debts | 44 | €117,435 | €179,105 | +€61,670 | +52.5% |
| Suppliers | 440/4 | €108,249 | €179,105 | +€70,856 | +65.5% |
| Bills of exchange payable | 441 | €9,186 | - | -€9,186 | |
| Advances received on contracts in progress | 46 | €92,782 | €76,222 | -€16,560 | -17.8% |
| Taxes, remuneration and social security | 45 | €31,357 | €21,049 | -€10,308 | -32.9% |
| Taxes | 450/3 | €31,357 | €21,049 | -€10,308 | -32.9% |
| Accrued charges and deferred income | 492/3 | €302 | - | -€302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €1,483 | +€1,120 | +308.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,050 | €8,400 | +€7,350 | +700.0% |
| Other operating charges | 640/8 | €10,818 | €5,227 | -€5,591 | -51.7% |
| Gross operating margin | 9900 | €37,954 | €35,961 | -€1,993 | -5.3% |
| Operating profit (loss) | 9901 | €25,724 | €20,851 | -€4,872 | -18.9% |
| Financial income | 75/76B | €11,880 | €11,896 | +€17 | +0.1% |
| Recurring financial income | 75 | €11,880 | €11,896 | +€17 | +0.1% |
| Financial charges | 65/66B | €472 | €405 | -€67 | -14.2% |
| Recurring financial charges | 65 | €472 | €405 | -€67 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €37,131 | €32,343 | -€4,789 | -12.9% |
| Income taxes | 67/77 | €13,044 | €7,976 | -€5,068 | -38.9% |
| Profit (loss) for the period | 9904 | €24,088 | €24,367 | +€279 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,088 | €24,367 | +€279 | +1.2% |
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 10 October 2026 via checked.be.