GTDE CONSTRUCT: what changed
Two fiscal 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.
GTDE CONSTRUCT
Largest movements
- Cash +€33,683
up €33,683 (+2447.0%), from €1,377 to €35,060
mainly Other debts (+€29,659) and Net result for the year (+€28,921)
- Receivables within one year +€24,070
up €24,070 (+37.3%), from €64,456 to €88,526
of which Other amounts receivable: +€12,103
- Other debts +€29,659
up €29,659 (+1012.5%), from €2,929 to €32,589
- Tax, wage and social debts +€17,264
new in 2025: €17,264
- Profit (loss) carried forward +€8,921
up €8,921 (+87.9%), from €10,151 to €19,072
- Gross operating margin +€21,931
up €21,931 (+167.6%), from €13,082 to €35,013
- Staff costs -€3,633
no longer reported in 2025 (was €3,633)
- Other operating charges +€1,080
up €1,080 (+186.1%), from €580 to €1,661
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 | €68,706 | €125,468 | +€56,762 | +82.6% |
| Fixed assets | 21/28 | €2,873 | €1,882 | -€991 | -34.5% |
| Tangible fixed assets | 22/27 | €2,873 | €1,882 | -€991 | -34.5% |
| Plant, machinery and equipment | 23 | - | €1,652 | +€1,652 | |
| Furniture and vehicles | 24 | €2,873 | €230 | -€2,643 | -92.0% |
| Current assets | 29/58 | €65,833 | €123,586 | +€57,753 | +87.7% |
| Amounts receivable within one year | 40/41 | €64,456 | €88,526 | +€24,070 | +37.3% |
| Trade receivables | 40 | €57,627 | €69,594 | +€11,967 | +20.8% |
| Other amounts receivable | 41 | €6,829 | €18,932 | +€12,103 | +177.2% |
| Cash at bank and in hand | 54/58 | €1,377 | €35,060 | +€33,683 | +2447.0% |
| Total equity and liabilities | 10/49 | €68,706 | €125,468 | +€56,762 | +82.6% |
| Equity | 10/15 | €14,001 | €22,922 | +€8,921 | +63.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Capital | 10 | €3,500 | €3,500 | = | 0.0% |
| Issued capital | 100 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €350 | €350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Legal reserve | 130 | €350 | €350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,151 | €19,072 | +€8,921 | +87.9% |
| Amounts payable | 17/49 | €54,706 | €102,547 | +€47,841 | +87.5% |
| Amounts payable within one year | 42/48 | €54,706 | €102,547 | +€47,841 | +87.5% |
| Trade debts | 44 | €34,853 | €35,771 | +€918 | +2.6% |
| Suppliers | 440/4 | €34,853 | €35,771 | +€918 | +2.6% |
| Advances received on contracts in progress | 46 | €16,923 | €16,923 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €17,264 | +€17,264 | |
| Taxes | 450/3 | - | €17,264 | +€17,264 | |
| Other amounts payable | 47/48 | €2,929 | €32,589 | +€29,659 | +1012.5% |
| Remuneration, social security and pensions | 62 | €3,633 | - | -€3,633 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,103 | €3,014 | -€89 | -2.9% |
| Other operating charges | 640/8 | €580 | €1,661 | +€1,080 | +186.1% |
| Gross operating margin | 9900 | €13,082 | €35,013 | +€21,931 | +167.6% |
| Operating profit (loss) | 9901 | €5,765 | €30,338 | +€24,572 | +426.2% |
| Financial income | 75/76B | €119 | - | -€119 | |
| Recurring financial income | 75 | €119 | - | -€119 | |
| Financial charges | 65/66B | €60 | €70 | +€10 | +15.8% |
| Recurring financial charges | 65 | €60 | €70 | +€10 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €5,824 | €30,268 | +€24,444 | +419.7% |
| Income taxes | 67/77 | €1,127 | €1,347 | +€220 | +19.6% |
| Profit (loss) for the period | 9904 | €4,697 | €28,921 | +€24,224 | +515.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,697 | €28,921 | +€24,224 | +515.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.