GSOR CONSTRUCTION: 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.
GSOR CONSTRUCTION
Largest movements
- Receivables within one year -€14,736
down €14,736 (-32.0%), from €46,053 to €31,317
of which Other amounts receivable: -€12,994
- Tangible fixed assets -€4,895
down €4,895 (-17.1%), from €28,579 to €23,684
of which Furniture and vehicles: -€4,295
- Deferred charges and accrued income -€2,000
down €2,000 (-50.0%), from €4,000 to €2,000
- Cash -€1,515
down €1,515 (-8.0%), from €18,972 to €17,457
mainly Contributions, distributions and other (-€45,000) and Trade debts (-€8,572)
- Profit (loss) carried forward -€14,227
down €14,227 (-26.1%), from €54,441 to €40,215
- Trade debts -€8,572
down €8,572 (-63.3%), from €13,541 to €4,969
- Current portion of long-term debt -€7,612
no longer reported in 2024 (was €7,612)
- Tax, wage and social debts +€7,054
new in 2024: €7,054
- Turnover +€305,314
new in 2024: €305,314
- Purchases and services +€272,740
new in 2024: €272,740
- Taxes -€4,572
no longer reported in 2024 (was €4,572)
- Gross operating margin +€4,496
up €4,496 (+11.3%), from €39,910 to €44,406
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,553 | €77,407 | -€23,146 | -23.0% |
| Fixed assets | 21/28 | €31,528 | €26,633 | -€4,895 | -15.5% |
| Tangible fixed assets | 22/27 | €28,579 | €23,684 | -€4,895 | -17.1% |
| Plant, machinery and equipment | 23 | €2,400 | €1,800 | -€600 | -25.0% |
| Furniture and vehicles | 24 | €26,179 | €21,884 | -€4,295 | -16.4% |
| Financial fixed assets | 28 | €2,949 | €2,949 | = | 0.0% |
| Current assets | 29/58 | €69,025 | €50,774 | -€18,251 | -26.4% |
| Amounts receivable within one year | 40/41 | €46,053 | €31,317 | -€14,736 | -32.0% |
| Trade receivables | 40 | €33,059 | €31,317 | -€1,742 | -5.3% |
| Other amounts receivable | 41 | €12,994 | - | -€12,994 | |
| Cash at bank and in hand | 54/58 | €18,972 | €17,457 | -€1,515 | -8.0% |
| Deferred charges and accrued income | 490/1 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Total equity and liabilities | 10/49 | €100,553 | €77,407 | -€23,146 | -23.0% |
| Equity | 10/15 | €54,742 | €40,516 | -€14,227 | -26.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | €1 | = | 0.0% |
| Issued capital | 100 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,441 | €40,215 | -€14,227 | -26.1% |
| Amounts payable | 17/49 | €45,811 | €36,892 | -€8,919 | -19.5% |
| Amounts payable after more than one year | 17 | €24,658 | €24,658 | = | 0.0% |
| Financial debts | 170/4 | €24,658 | €24,658 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,153 | €12,234 | -€8,919 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €7,612 | - | -€7,612 | |
| Trade debts | 44 | €13,541 | €4,969 | -€8,572 | -63.3% |
| Suppliers | 440/4 | €13,541 | €4,969 | -€8,572 | -63.3% |
| Taxes, remuneration and social security | 45 | - | €7,054 | +€7,054 | |
| Taxes | 450/3 | - | €7,054 | +€7,054 | |
| Other amounts payable | 47/48 | - | €211 | +€211 | |
| Turnover | 70 | - | €305,314 | +€305,314 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €272,740 | +€272,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,588 | €9,395 | +€807 | +9.4% |
| Other operating charges | 640/8 | €1,713 | €1,371 | -€342 | -20.0% |
| Gross operating margin | 9900 | €39,910 | €44,406 | +€4,496 | +11.3% |
| Operating profit (loss) | 9901 | €29,609 | €33,641 | +€4,032 | +13.6% |
| Financial charges | 65/66B | €1,472 | €2,867 | +€1,396 | +94.8% |
| Recurring financial charges | 65 | €1,472 | €2,867 | +€1,396 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €28,137 | €30,773 | +€2,636 | +9.4% |
| Income taxes | 67/77 | €4,572 | - | -€4,572 | |
| Profit (loss) for the period | 9904 | €23,565 | €30,773 | +€7,209 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,565 | €30,773 | +€7,209 | +30.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.