GO 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.
GO CONSTRUCT
Largest movements
- Receivables within one year -€35,735
down €35,735 (-73.1%), from €48,864 to €13,130
of which Trade receivables: -€37,827
- Tangible fixed assets +€23,244
up €23,244 (+72.8%), from €31,939 to €55,183
- Cash -€11,653
down €11,653 (-74.0%), from €15,737 to €4,085
mainly Investment in fixed assets (net) (-€48,909) and Current portion of long-term debt (-€11,539)
- Current portion of long-term debt -€11,539
down €11,539 (-51.3%), from €22,507 to €10,968
- Trade debts -€7,352
down €7,352 (-59.6%), from €12,340 to €4,987
- Tax, wage and social debts -€1,794
no longer reported in 2025 (was €1,794)
- Profit (loss) carried forward -€1,629
down €1,629 (-18.3%), from €8,923 to €7,294
- Other debts -€1,046
down €1,046 (-2.3%), from €46,373 to €45,327
- Depreciation +€6,622
up €6,622 (+35.1%), from €18,893 to €25,515
- Gross operating margin -€5,570
down €5,570 (-18.0%), from €30,918 to €25,348
- Taxes -€1,985
down €1,985, from €1,794 to -€191
- Staff costs +€443
new in 2025: €443
- Financial charges -€328
down €328 (-34.9%), from €940 to €612
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 | €99,996 | €76,997 | -€23,000 | -23.0% |
| Fixed assets | 21/28 | €32,089 | €55,483 | +€23,394 | +72.9% |
| Tangible fixed assets | 22/27 | €31,939 | €55,183 | +€23,244 | +72.8% |
| Furniture and vehicles | 24 | €31,939 | €55,183 | +€23,244 | +72.8% |
| Financial fixed assets | 28 | €150 | €300 | +€150 | +100.0% |
| Current assets | 29/58 | €67,907 | €21,514 | -€46,394 | -68.3% |
| Amounts receivable within one year | 40/41 | €48,864 | €13,130 | -€35,735 | -73.1% |
| Trade receivables | 40 | €45,925 | €8,098 | -€37,827 | -82.4% |
| Other amounts receivable | 41 | €2,940 | €5,032 | +€2,092 | +71.2% |
| Cash at bank and in hand | 54/58 | €15,737 | €4,085 | -€11,653 | -74.0% |
| Deferred charges and accrued income | 490/1 | €3,306 | €4,299 | +€994 | +30.1% |
| Total equity and liabilities | 10/49 | €99,996 | €76,997 | -€23,000 | -23.0% |
| Equity | 10/15 | €16,983 | €15,354 | -€1,629 | -9.6% |
| 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 | €8,923 | €7,294 | -€1,629 | -18.3% |
| Amounts payable | 17/49 | €83,013 | €61,642 | -€21,371 | -25.7% |
| Amounts payable within one year | 42/48 | €83,013 | €61,282 | -€21,731 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €22,507 | €10,968 | -€11,539 | -51.3% |
| Trade debts | 44 | €12,340 | €4,987 | -€7,352 | -59.6% |
| Suppliers | 440/4 | €12,340 | €4,987 | -€7,352 | -59.6% |
| Taxes, remuneration and social security | 45 | €1,794 | - | -€1,794 | |
| Taxes | 450/3 | €1,794 | - | -€1,794 | |
| Other amounts payable | 47/48 | €46,373 | €45,327 | -€1,046 | -2.3% |
| Accrued charges and deferred income | 492/3 | - | €360 | +€360 | |
| Non-recurring operating income | 76A | - | €20,455 | +€20,455 | |
| Remuneration, social security and pensions | 62 | - | €443 | +€443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,893 | €25,515 | +€6,622 | +35.1% |
| Other operating charges | 640/8 | €726 | €616 | -€110 | -15.1% |
| Gross operating margin | 9900 | €30,918 | €25,348 | -€5,570 | -18.0% |
| Operating profit (loss) | 9901 | €11,300 | -€1,225 | -€12,525 | |
| Financial income | 75/76B | €12 | €17 | +€5 | +39.3% |
| Recurring financial income | 75 | €12 | €17 | +€5 | +39.3% |
| Financial charges | 65/66B | €940 | €612 | -€328 | -34.9% |
| Recurring financial charges | 65 | €940 | €612 | -€328 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €10,372 | -€1,820 | -€12,192 | |
| Income taxes | 67/77 | €1,794 | -€191 | -€1,985 | |
| Profit (loss) for the period | 9904 | €8,578 | -€1,629 | -€10,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,578 | -€1,629 | -€10,207 |
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 11 October 2026 via checked.be.