GRAND 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.
GRAND CONSTRUCT
Largest movements
- Tangible fixed assets +€20,094
up €20,094 (+301%), from €6,684 to €26,778
- Cash +€5,426
up €5,426 (+174%), from €3,115 to €8,540
mainly Debts after one year (+€20,122) and Depreciation (+€9,092)
- Receivables within one year +€1,423
up €1,423 (+12.0%), from €11,879 to €13,302
of which Trade receivables: +€1,426
- Debts after one year +€20,122
new in 2025: €20,122
- Profit (loss) carried forward +€4,430
up €4,430 (+62.0%), from €7,142 to €11,572
- Tax, wage and social debts +€3,234
up €3,234 (+144%), from €2,253 to €5,488
of which Remuneration and social security: +€3,000
- Trade debts -€959
down €959 (-11.5%), from €8,367 to €7,408
of which Bills of exchange payable: -€1,931
- Turnover +€160,609
new in 2025: €160,609
- Purchases and services +€137,736
new in 2025: €137,736
- Gross operating margin +€12,770
up €12,770 (+126%), from €10,103 to €22,873
- Depreciation +€5,213
up €5,213 (+134%), from €3,878 to €9,092
- Financial charges +€3,562
up €3,562 (+325%), from €1,096 to €4,658
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,762 | €49,589 | +€26,827 | +118% |
| Fixed assets | 21/28 | €6,684 | €26,778 | +€20,094 | +301% |
| Tangible fixed assets | 22/27 | €6,684 | €26,778 | +€20,094 | +301% |
| Furniture and vehicles | 24 | €6,684 | €26,778 | +€20,094 | +301% |
| Current assets | 29/58 | €16,078 | €22,811 | +€6,733 | +41.9% |
| Amounts receivable within one year | 40/41 | €11,879 | €13,302 | +€1,423 | +12.0% |
| Trade receivables | 40 | €11,112 | €12,538 | +€1,426 | +12.8% |
| Other amounts receivable | 41 | €767 | €764 | -€3 | -0.4% |
| Cash at bank and in hand | 54/58 | €3,115 | €8,540 | +€5,426 | +174% |
| Deferred charges and accrued income | 490/1 | €1,084 | €969 | -€116 | -10.7% |
| Total equity and liabilities | 10/49 | €22,762 | €49,589 | +€26,827 | +118% |
| Equity | 10/15 | €12,142 | €16,572 | +€4,430 | +36.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,142 | €11,572 | +€4,430 | +62.0% |
| Amounts payable | 17/49 | €10,620 | €33,018 | +€22,397 | +211% |
| Amounts payable after more than one year | 17 | - | €20,122 | +€20,122 | |
| Financial debts | 170/4 | - | €20,122 | +€20,122 | |
| Amounts payable within one year | 42/48 | €10,620 | €12,895 | +€2,275 | +21.4% |
| Trade debts | 44 | €8,367 | €7,408 | -€959 | -11.5% |
| Suppliers | 440/4 | €1,362 | €2,334 | +€972 | +71.3% |
| Bills of exchange payable | 441 | €7,005 | €5,074 | -€1,931 | -27.6% |
| Taxes, remuneration and social security | 45 | €2,253 | €5,488 | +€3,234 | +144% |
| Taxes | 450/3 | €2,253 | €2,488 | +€234 | +10.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Turnover | 70 | - | €160,609 | +€160,609 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €137,736 | +€137,736 | |
| Remuneration, social security and pensions | 62 | €1,233 | €507 | -€726 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,878 | €9,092 | +€5,213 | +134% |
| Other operating charges | 640/8 | €1,196 | €1,699 | +€503 | +42.1% |
| Gross operating margin | 9900 | €10,103 | €22,873 | +€12,770 | +126% |
| Operating profit (loss) | 9901 | €3,795 | €11,574 | +€7,779 | +205% |
| Financial income | 75/76B | €267 | €1 | -€266 | -99.7% |
| Recurring financial income | 75 | €267 | €1 | -€266 | -99.7% |
| Financial charges | 65/66B | €1,096 | €4,658 | +€3,562 | +325% |
| Recurring financial charges | 65 | €1,096 | €4,658 | +€3,562 | +325% |
| Profit (loss) for the period before taxes | 9903 | €2,966 | €6,918 | +€3,951 | +133% |
| Income taxes | 67/77 | €1,257 | €2,488 | +€1,230 | +97.8% |
| Profit (loss) for the period | 9904 | €1,709 | €4,430 | +€2,721 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €1,709 | €4,430 | +€2,721 | +159% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.