GS 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.
GS CONSTRUCT
Largest movements
- Cash -€8,936
down €8,936 (-94.1%), from €9,493 to €557
mainly Debts within one year (-€4,731) and Debts after one year (-€4,165)
- Receivables within one year +€3,644
up €3,644 (+15.4%), from €23,699 to €27,343
- Tangible fixed assets -€2,750
down €2,750 (-32.2%), from €8,547 to €5,797
- Debts within one year -€4,731
down €4,731 (-25.5%), from €18,584 to €13,853
- Debts after one year -€4,165
down €4,165 (-49.2%), from €8,463 to €4,298
- Reserves +€842
up €842 (+10.0%), from €8,425 to €9,267
- Gross operating margin -€10,618
down €10,618 (-62.3%), from €17,055 to €6,437
- Taxes -€3,982
down €3,982 (-92.8%), from €4,289 to €307
- Depreciation +€381
up €381 (+8.9%), from €4,273 to €4,654
From the 2011 result to the 2012 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 2011 and 2012 balance sheets and the 2012 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,739 | €33,697 | -€8,042 | -19.3% |
| Fixed assets | 21/28 | €8,547 | €5,797 | -€2,750 | -32.2% |
| Tangible fixed assets | 22/27 | €8,547 | €5,797 | -€2,750 | -32.2% |
| Current assets | 29/58 | €33,192 | €27,900 | -€5,292 | -15.9% |
| Amounts receivable within one year | 40/41 | €23,699 | €27,343 | +€3,644 | +15.4% |
| Cash at bank and in hand | 54/58 | €9,493 | €557 | -€8,936 | -94.1% |
| Total equity and liabilities | 10/49 | €41,739 | €33,697 | -€8,042 | -19.3% |
| Equity | 10/15 | €14,692 | €15,546 | +€854 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,425 | €9,267 | +€842 | +10.0% |
| Profit (loss) carried forward | 14 | €67 | €79 | +€12 | +17.9% |
| Amounts payable | 17/49 | €27,047 | €18,151 | -€8,896 | -32.9% |
| Amounts payable after more than one year | 17 | €8,463 | €4,298 | -€4,165 | -49.2% |
| Amounts payable within one year | 42/48 | €18,584 | €13,853 | -€4,731 | -25.5% |
| Trade debts | 44 | €10,258 | €9,716 | -€542 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,273 | €4,654 | +€381 | +8.9% |
| Gross operating margin | 9900 | €17,055 | €6,437 | -€10,618 | -62.3% |
| Operating profit (loss) | 9901 | €12,782 | €1,474 | -€11,308 | -88.5% |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Recurring financial charges | 65 | €1 | €313 | +€312 | +31200.0% |
| Profit (loss) for the period before taxes | 9903 | €12,781 | €1,162 | -€11,619 | -90.9% |
| Income taxes | 67/77 | €4,289 | €307 | -€3,982 | -92.8% |
| Profit (loss) for the period | 9904 | €8,492 | €855 | -€7,637 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,492 | €855 | -€7,637 | -89.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2011 and 31 December 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.