GJD 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.
GJD CONSTRUCT
Largest movements
- Receivables within one year +€109,369
up €109,369 (+549.0%), from €19,923 to €129,293
of which Trade receivables: +€79,038
- Cash +€25,409
up €25,409 (+176.0%), from €14,433 to €39,842
mainly Debts after one year (+€45,148) and Net result for the year (+€31,251)
- Tangible fixed assets -€12,038
no longer reported in 2025 (was €12,038)
- Receivables after one year -€4,500
no longer reported in 2025 (was €4,500)
- Deferred charges and accrued income -€2,292
down €2,292 (-85.1%), from €2,694 to €402
- Debts after one year +€45,148
up €45,148 (+382.5%), from €11,804 to €56,952
- Profit (loss) carried forward +€31,251
up €31,251 (+4291.2%), from €728 to €31,979
- Trade debts +€29,278
up €29,278 (+126.2%), from €23,200 to €52,478
- Current portion of long-term debt +€7,851
up €7,851 (+164.2%), from €4,783 to €12,634
- Tax, wage and social debts +€4,192
up €4,192 (+45.1%), from €9,302 to €13,494
of which Taxes: +€7,221
- Gross operating margin +€54,862
up €54,862 (+206.7%), from €26,541 to €81,403
- Staff costs +€22,200
up €22,200 (+190.6%), from €11,647 to €33,847
- Depreciation -€6,462
no longer reported in 2025 (was €6,462)
- Taxes +€6,170
up €6,170 (+158.2%), from €3,901 to €10,071
- Financial charges +€2,762
up €2,762 (+165.2%), from €1,671 to €4,433
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 | €53,588 | €169,537 | +€115,949 | +216.4% |
| Fixed assets | 21/28 | €12,038 | - | -€12,038 | |
| Tangible fixed assets | 22/27 | €12,038 | - | -€12,038 | |
| Furniture and vehicles | 24 | €12,038 | - | -€12,038 | |
| Current assets | 29/58 | €41,551 | €169,537 | +€127,987 | +308.0% |
| Amounts receivable after more than one year | 29 | €4,500 | - | -€4,500 | |
| Other amounts receivable | 291 | €4,500 | - | -€4,500 | |
| Amounts receivable within one year | 40/41 | €19,923 | €129,293 | +€109,369 | +549.0% |
| Trade receivables | 40 | €8,986 | €88,024 | +€79,038 | +879.6% |
| Other amounts receivable | 41 | €10,937 | €41,269 | +€30,332 | +277.3% |
| Cash at bank and in hand | 54/58 | €14,433 | €39,842 | +€25,409 | +176.0% |
| Deferred charges and accrued income | 490/1 | €2,694 | €402 | -€2,292 | -85.1% |
| Total equity and liabilities | 10/49 | €53,588 | €169,537 | +€115,949 | +216.4% |
| Equity | 10/15 | €2,728 | €33,979 | +€31,251 | +1145.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €728 | €31,979 | +€31,251 | +4291.2% |
| Amounts payable | 17/49 | €50,860 | €135,558 | +€84,698 | +166.5% |
| Amounts payable after more than one year | 17 | €11,804 | €56,952 | +€45,148 | +382.5% |
| Financial debts | 170/4 | €11,804 | €56,952 | +€45,148 | +382.5% |
| Amounts payable within one year | 42/48 | €39,056 | €78,606 | +€39,550 | +101.3% |
| Current portion of amounts payable after more than one year | 42 | €4,783 | €12,634 | +€7,851 | +164.2% |
| Financial debts | 43 | €1,771 | - | -€1,771 | |
| Credit institutions | 430/8 | €1,771 | - | -€1,771 | |
| Trade debts | 44 | €23,200 | €52,478 | +€29,278 | +126.2% |
| Suppliers | 440/4 | €23,200 | €52,478 | +€29,278 | +126.2% |
| Taxes, remuneration and social security | 45 | €9,302 | €13,494 | +€4,192 | +45.1% |
| Taxes | 450/3 | €3,901 | €11,122 | +€7,221 | +185.1% |
| Remuneration and social security | 454/9 | €5,401 | €2,373 | -€3,029 | -56.1% |
| Non-recurring operating income | 76A | €355 | €523 | +€168 | +47.3% |
| Remuneration, social security and pensions | 62 | €11,647 | €33,847 | +€22,200 | +190.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,462 | - | -€6,462 | |
| Other operating charges | 640/8 | €2,579 | €3,025 | +€445 | +17.3% |
| Gross operating margin | 9900 | €26,541 | €81,403 | +€54,862 | +206.7% |
| Operating profit (loss) | 9901 | €5,852 | €44,531 | +€38,679 | +661.0% |
| Financial income | 75/76B | €449 | €1,224 | +€775 | +172.5% |
| Recurring financial income | 75 | €449 | €1,224 | +€775 | +172.5% |
| Financial charges | 65/66B | €1,671 | €4,433 | +€2,762 | +165.2% |
| Recurring financial charges | 65 | €1,671 | €4,433 | +€2,762 | +165.2% |
| Profit (loss) for the period before taxes | 9903 | €4,629 | €41,322 | +€36,693 | +792.6% |
| Income taxes | 67/77 | €3,901 | €10,071 | +€6,170 | +158.2% |
| Profit (loss) for the period | 9904 | €728 | €31,251 | +€30,523 | +4191.2% |
| Profit (loss) for the period to be appropriated | 9905 | €728 | €31,251 | +€30,523 | +4191.2% |
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 2 October 2026 via checked.be.