GP CONSTRUCTIE: 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.
What changed
GP CONSTRUCTIE
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€51,821
2024 · €87,439-€35,618
Equity
€217,174
2024 · €165,353+€51,821
Cash
€311
2024 · €547-€236
Balance sheet total
€4.7m
2024 · €5.4m-€734,232
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-30.6%), from €3.8m to €2.7m
of which Contracts in progress: -€1.8m
- Receivables within one year +€457,049
up €457,049 (+37.1%), from €1.2m to €1.7m
of which Trade receivables: +€418,373
Equity and liabilities
- Advances received -€2.0m
down €2.0m (-76.1%), from €2.6m to €627,627
- Debts after one year +€1.2m
up €1.2m (+817%), from €152,658 to €1.4m
- Current portion of long-term debt -€258,505
down €258,505 (-89.3%), from €289,320 to €30,815
- Other debts -€243,943
down €243,943 (-20.6%), from €1.2m to €942,206
- Trade debts +€177,183
up €177,183 (+24.6%), from €719,568 to €896,752
Income statement
- Other operating charges +€41,131
up €41,131 (+696%), from €5,907 to €47,039
- Gross operating margin -€21,331
down €21,331 (-7.6%), from €279,231 to €257,900
- Taxes +€18,678
up €18,678 (+1,720%), from €1,086 to €19,764
- Depreciation -€15,545
down €15,545 (-42.2%), from €36,856 to €21,311
- Financial charges -€14,152
down €14,152 (-10.9%), from €129,378 to €115,226
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.
Result 2024
€87,439
Gross operating margin
-€21,331
Staff costs
+€1,660
Depreciation
+€15,545
Other operating charges
-€41,131
Other operating items
+€14,936
Financial income
-€771
Financial charges
+€14,152
Taxes
-€18,678
Result 2025
€51,821
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.1m
Investment
+€124
Financing
+€1.1m
Cash 2024
€547
From operations (derived)
-€1.1m
Net result for the year
+€51,821
Depreciation
+€21,311
Stocks and contracts
+€1.2m
Receivables within one year
-€457,049
Deferred charges and accrued income
-€1,508
Trade debts
+€177,183
Tax, wage and social debts
+€126,612
Advances received
-€2.0m
Other debts
-€243,943
Accrued charges and deferred income
+€24,000
Investment (derived)
+€124
Investment in fixed assets (net)
+€124
Financing
+€1.1m
Debts after one year
+€1.2m
Current portion of long-term debt
-€258,505
Short-term financial debts
+€137,689
Cash 2025
€311
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,405,365 | €4,671,132 | -€734,232 | -13.6% |
| Fixed assets | 21/28 | €346,025 | €324,590 | -€21,435 | -6.2% |
| Tangible fixed assets | 22/27 | €31,853 | €10,542 | -€21,311 | -66.9% |
| Land and buildings | 22 | €1,925 | €1,925 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,275 | €6,107 | -€8,168 | -57.2% |
| Furniture and vehicles | 24 | €12,303 | - | -€12,303 | |
| Other tangible fixed assets | 26 | €3,350 | €2,510 | -€840 | -25.1% |
| Financial fixed assets | 28 | €314,172 | €314,048 | -€124 | 0.0% |
| Current assets | 29/58 | €5,059,340 | €4,346,542 | -€712,798 | -14.1% |
| Stocks and contracts in progress | 3 | €3,825,667 | €2,654,548 | -€1.2m | -30.6% |
| Stocks | 30/36 | €235,298 | €822,603 | +€587,305 | +250% |
| Contracts in progress | 37 | €3,590,369 | €1,831,945 | -€1.8m | -49.0% |
| Amounts receivable within one year | 40/41 | €1,232,618 | €1,689,667 | +€457,049 | +37.1% |
| Trade receivables | 40 | €1,129,508 | €1,547,881 | +€418,373 | +37.0% |
| Other amounts receivable | 41 | €103,110 | €141,786 | +€38,676 | +37.5% |
| Cash at bank and in hand | 54/58 | €547 | €311 | -€236 | -43.1% |
| Deferred charges and accrued income | 490/1 | €508 | €2,016 | +€1,508 | +297% |
| Total equity and liabilities | 10/49 | €5,405,365 | €4,671,132 | -€734,232 | -13.6% |
| Equity | 10/15 | €165,353 | €217,174 | +€51,821 | +31.3% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Reserves | 13 | €9,840 | €9,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,840 | €9,840 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,840 | €9,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,914 | €63,735 | +€51,821 | +435% |
| Amounts payable | 17/49 | €5,240,011 | €4,453,958 | -€786,053 | -15.0% |
| Amounts payable after more than one year | 17 | €152,658 | €1,399,183 | +€1.2m | +817% |
| Financial debts | 170/4 | €152,658 | €1,399,183 | +€1.2m | +817% |
| Amounts payable within one year | 42/48 | €5,039,354 | €2,982,775 | -€2.1m | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €289,320 | €30,815 | -€258,505 | -89.3% |
| Financial debts | 43 | €211,367 | €349,056 | +€137,689 | +65.1% |
| Credit institutions | 430/8 | €211,367 | €349,056 | +€137,689 | +65.1% |
| Trade debts | 44 | €719,568 | €896,752 | +€177,183 | +24.6% |
| Suppliers | 440/4 | €719,568 | €896,752 | +€177,183 | +24.6% |
| Advances received on contracts in progress | 46 | €2,623,241 | €627,627 | -€2.0m | -76.1% |
| Taxes, remuneration and social security | 45 | €9,708 | €136,319 | +€126,612 | +1,304% |
| Taxes | 450/3 | €8,956 | €136,026 | +€127,069 | +1,419% |
| Remuneration and social security | 454/9 | €752 | €294 | -€458 | -60.9% |
| Other amounts payable | 47/48 | €1,186,150 | €942,206 | -€243,943 | -20.6% |
| Accrued charges and deferred income | 492/3 | €48,000 | €72,000 | +€24,000 | +50.0% |
| Remuneration, social security and pensions | 62 | €4,855 | €3,195 | -€1,660 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,856 | €21,311 | -€15,545 | -42.2% |
| Other operating charges | 640/8 | €5,907 | €47,039 | +€41,131 | +696% |
| Non-recurring operating charges | 66A | €14,936 | - | -€14,936 | |
| Gross operating margin | 9900 | €279,231 | €257,900 | -€21,331 | -7.6% |
| Operating profit (loss) | 9901 | €216,677 | €186,356 | -€30,321 | -14.0% |
| Financial income | 75/76B | €1,226 | €454 | -€771 | -62.9% |
| Recurring financial income | 75 | €1,226 | €454 | -€771 | -62.9% |
| Financial charges | 65/66B | €129,378 | €115,226 | -€14,152 | -10.9% |
| Recurring financial charges | 65 | €129,378 | €115,226 | -€14,152 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €88,525 | €71,585 | -€16,940 | -19.1% |
| Income taxes | 67/77 | €1,086 | €19,764 | +€18,678 | +1,720% |
| Profit (loss) for the period | 9904 | €87,439 | €51,821 | -€35,618 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,439 | €51,821 | -€35,618 | -40.7% |
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 26 October 2026 via checked.be.