GT-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.
GT-Construct
Largest movements
- Cash -€28,615
down €28,615 (-57.2%), from €50,009 to €21,394
mainly Trade debts (-€28,795) and Net result for the year (-€10,202)
- Tangible fixed assets -€17,716
down €17,716 (-8.6%), from €205,670 to €187,954
of which Furniture and vehicles: -€13,075
- Trade debts -€28,795
down €28,795 (-47.6%), from €60,474 to €31,680
- Profit (loss) carried forward -€10,202
down €10,202 (-84.9%), from -€12,018 to -€22,220
- Tax, wage and social debts -€7,071
down €7,071 (-25.3%), from €27,928 to €20,857
of which Remuneration and social security: -€4,574
- Other debts +€6,952
up €6,952 (+160.1%), from €4,342 to €11,294
- Debts after one year -€6,436
down €6,436 (-5.5%), from €117,790 to €111,354
- Other operating charges -€8,163
down €8,163 (-79.8%), from €10,230 to €2,068
- Gross operating margin -€5,513
down €5,513 (-36.7%), from €15,034 to €9,521
- Financial charges +€1,449
up €1,449 (+32.8%), from €4,413 to €5,862
- Depreciation -€614
down €614 (-4.9%), from €12,409 to €11,794
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 | €285,385 | €240,069 | -€45,316 | -15.9% |
| Fixed assets | 21/28 | €205,670 | €187,954 | -€17,716 | -8.6% |
| Tangible fixed assets | 22/27 | €205,670 | €187,954 | -€17,716 | -8.6% |
| Land and buildings | 22 | €161,528 | €157,887 | -€3,641 | -2.3% |
| Plant, machinery and equipment | 23 | €2,715 | €1,715 | -€1,000 | -36.8% |
| Furniture and vehicles | 24 | €41,427 | €28,352 | -€13,075 | -31.6% |
| Current assets | 29/58 | €79,715 | €52,116 | -€27,599 | -34.6% |
| Stocks and contracts in progress | 3 | €8,450 | €10,000 | +€1,550 | +18.3% |
| Contracts in progress | 37 | €8,450 | €10,000 | +€1,550 | +18.3% |
| Amounts receivable within one year | 40/41 | €20,897 | €20,694 | -€203 | -1.0% |
| Trade receivables | 40 | €12,441 | €18,188 | +€5,747 | +46.2% |
| Other amounts receivable | 41 | €8,456 | €2,506 | -€5,950 | -70.4% |
| Cash at bank and in hand | 54/58 | €50,009 | €21,394 | -€28,615 | -57.2% |
| Deferred charges and accrued income | 490/1 | €359 | €28 | -€331 | -92.3% |
| Total equity and liabilities | 10/49 | €285,385 | €240,069 | -€45,316 | -15.9% |
| Equity | 10/15 | €68,651 | €58,449 | -€10,202 | -14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,469 | €74,469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €74,469 | €74,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,018 | -€22,220 | -€10,202 | -84.9% |
| Amounts payable | 17/49 | €216,734 | €181,620 | -€35,113 | -16.2% |
| Amounts payable after more than one year | 17 | €117,790 | €111,354 | -€6,436 | -5.5% |
| Financial debts | 170/4 | €117,790 | €111,354 | -€6,436 | -5.5% |
| Amounts payable within one year | 42/48 | €98,944 | €70,266 | -€28,677 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €6,199 | €6,436 | +€237 | +3.8% |
| Trade debts | 44 | €60,474 | €31,680 | -€28,795 | -47.6% |
| Suppliers | 440/4 | €60,474 | €31,680 | -€28,795 | -47.6% |
| Taxes, remuneration and social security | 45 | €27,928 | €20,857 | -€7,071 | -25.3% |
| Taxes | 450/3 | €6,217 | €3,719 | -€2,498 | -40.2% |
| Remuneration and social security | 454/9 | €21,712 | €17,138 | -€4,574 | -21.1% |
| Other amounts payable | 47/48 | €4,342 | €11,294 | +€6,952 | +160.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,409 | €11,794 | -€614 | -4.9% |
| Other operating charges | 640/8 | €10,230 | €2,068 | -€8,163 | -79.8% |
| Gross operating margin | 9900 | €15,034 | €9,521 | -€5,513 | -36.7% |
| Operating profit (loss) | 9901 | -€7,605 | -€4,342 | +€3,263 | +42.9% |
| Financial income | 75/76B | €0 | €2 | +€1 | +406.7% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +406.7% |
| Financial charges | 65/66B | €4,413 | €5,862 | +€1,449 | +32.8% |
| Recurring financial charges | 65 | €4,413 | €5,862 | +€1,449 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,018 | -€10,202 | +€1,816 | +15.1% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€12,018 | -€10,202 | +€1,816 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,018 | -€10,202 | +€1,816 | +15.1% |
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 10 October 2026 via checked.be.