GOLD 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.
GOLD CONSTRUCT
Largest movements
- Receivables within one year -€33,583
down €33,583 (-83.8%), from €40,089 to €6,506
of which Trade receivables: -€32,204
- Cash -€2,596
down €2,596 (-77.3%), from €3,358 to €762
mainly Trade debts (-€37,530) and Contributions, distributions and other (-€1,000)
- Tangible fixed assets -€936
down €936 (-30.8%), from €3,036 to €2,100
- Deferred charges and accrued income +€572
new in 2025: €572
- Trade debts -€37,530
down €37,530 (-98.7%), from €38,030 to €500
- Other debts +€2,757
new in 2025: €2,757
- Contributions -€1,000
down €1,000 (-20.0%), from €5,000 to €4,000
- Tax, wage and social debts -€965
down €965 (-60.5%), from €1,596 to €631
- Gross operating margin -€9,459
down €9,459 (-84.1%), from €11,244 to €1,785
- Other operating charges -€7,594
down €7,594 (-94.2%), from €8,059 to €465
- Taxes -€465
down €465 (-88.6%), from €525 to €60
- Depreciation +€229
up €229 (+32.3%), from €707 to €936
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 | €46,483 | €9,940 | -€36,543 | -78.6% |
| Fixed assets | 21/28 | €3,036 | €2,100 | -€936 | -30.8% |
| Tangible fixed assets | 22/27 | €3,036 | €2,100 | -€936 | -30.8% |
| Furniture and vehicles | 24 | €3,036 | €2,100 | -€936 | -30.8% |
| Current assets | 29/58 | €43,447 | €7,840 | -€35,607 | -82.0% |
| Amounts receivable within one year | 40/41 | €40,089 | €6,506 | -€33,583 | -83.8% |
| Trade receivables | 40 | €38,030 | €5,826 | -€32,204 | -84.7% |
| Other amounts receivable | 41 | €2,059 | €680 | -€1,379 | -67.0% |
| Cash at bank and in hand | 54/58 | €3,358 | €762 | -€2,596 | -77.3% |
| Deferred charges and accrued income | 490/1 | - | €572 | +€572 | |
| Total equity and liabilities | 10/49 | €46,483 | €9,940 | -€36,543 | -78.6% |
| Equity | 10/15 | €6,856 | €6,051 | -€805 | -11.7% |
| Contributions | 10/11 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Profit (loss) carried forward | 14 | €1,856 | €2,051 | +€195 | +10.5% |
| Amounts payable | 17/49 | €39,626 | €3,889 | -€35,738 | -90.2% |
| Amounts payable within one year | 42/48 | €39,626 | €3,889 | -€35,738 | -90.2% |
| Trade debts | 44 | €38,030 | €500 | -€37,530 | -98.7% |
| Suppliers | 440/4 | €38,030 | €500 | -€37,530 | -98.7% |
| Taxes, remuneration and social security | 45 | €1,596 | €631 | -€965 | -60.5% |
| Taxes | 450/3 | €1,596 | €631 | -€965 | -60.5% |
| Other amounts payable | 47/48 | - | €2,757 | +€2,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €707 | €936 | +€229 | +32.3% |
| Other operating charges | 640/8 | €8,059 | €465 | -€7,594 | -94.2% |
| Gross operating margin | 9900 | €11,244 | €1,785 | -€9,459 | -84.1% |
| Operating profit (loss) | 9901 | €2,477 | €383 | -€2,094 | -84.5% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €96 | €138 | +€42 | +43.7% |
| Recurring financial charges | 65 | €96 | €138 | +€42 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €2,381 | €255 | -€2,126 | -89.3% |
| Income taxes | 67/77 | €525 | €60 | -€465 | -88.6% |
| Profit (loss) for the period | 9904 | €1,856 | €195 | -€1,661 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,856 | €195 | -€1,661 | -89.5% |
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.