GTE 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.
What changed
GTE CONSTRUCT
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€133,416
2024 · -€58,010-€75,406
Equity
€6.9m
2024 · €7.0m-€133,416
Cash
€9,415
2024 · €11,385-€1,970
Balance sheet total
€11.0m
2024 · €10.6m+€428,047
Largest movements
Assets
- Receivables within one year +€416,386
up €416,386 (+40.5%), from €1.0m to €1.4m
of which Trade receivables: +€383,305
Equity and liabilities
- Trade debts +€265,917
up €265,917 (+252%), from €105,349 to €371,265
- Reserves -€133,416
down €133,416 (-2.2%), from €5.9m to €5.8m
of which Distributable reserves: -€133,416
- Other debts +€129,337
up €129,337 (+15.8%), from €819,976 to €949,313
Income statement
- Services and other goods +€439,747
up €439,747 (+209%), from €210,826 to €650,573
- Other operating income +€426,299
up €426,299 (+4,312%), from €9,886 to €436,186
- Financial charges +€23,275
up €23,275 (+19.9%), from €116,752 to €140,027
- Staff costs +€17,303
new in 2025: €17,303
- Taxes +€8,563
up €8,563 (+782%), from €1,095 to €9,657
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.
Result 2024
-€58,010
Turnover
+€7,354
Other operating income
+€426,299
Services and other goods
-€439,747
Staff costs
-€17,303
Depreciation
+€84
Other operating charges
+€976
Other operating items
-€13,888
Financial income
-€7,345
Financial charges
-€23,275
Taxes
-€8,563
Result 2025
-€133,416
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€53,442
Investment
-€46,969
Financing
+€98,441
Cash 2024
€11,385
From operations (derived)
-€53,442
Net result for the year
-€133,416
Depreciation
+€47,959
Receivables after one year
-€7,890
Receivables within one year
-€416,386
Deferred charges and accrued income
-€6,730
Trade debts
+€265,917
Tax, wage and social debts
+€17,282
Other debts
+€129,337
Accrued charges and deferred income
+€50,485
Investment (derived)
-€46,969
Investment in fixed assets (net)
-€46,969
Financing
+€98,441
Debts after one year
+€70,123
Current portion of long-term debt
+€28,318
Cash 2025
€9,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,597,024 | €11,025,071 | +€428,047 | +4.0% |
| Fixed assets | 21/28 | €9,142,650 | €9,141,661 | -€989 | 0.0% |
| Intangible fixed assets | 21 | €111,381 | €104,560 | -€6,821 | -6.1% |
| Tangible fixed assets | 22/27 | €1,257 | €7,088 | +€5,831 | +464% |
| Plant, machinery and equipment | 23 | €288 | €6,333 | +€6,046 | +2,103% |
| Furniture and vehicles | 24 | €969 | €755 | -€214 | -22.1% |
| Financial fixed assets | 28 | €9,030,013 | €9,030,013 | = | 0.0% |
| Affiliated companies | 280/1 | €9,030,013 | €9,030,013 | = | 0.0% |
| Participating interests | 280 | €9,030,013 | €9,030,013 | = | 0.0% |
| Current assets | 29/58 | €1,454,374 | €1,883,410 | +€429,036 | +29.5% |
| Amounts receivable after more than one year | 29 | €416,010 | €423,900 | +€7,890 | +1.9% |
| Other amounts receivable | 291 | €416,010 | €423,900 | +€7,890 | +1.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,026,979 | €1,443,365 | +€416,386 | +40.5% |
| Trade receivables | 40 | €201,411 | €584,715 | +€383,305 | +190% |
| Other amounts receivable | 41 | €825,569 | €858,650 | +€33,081 | +4.0% |
| Cash at bank and in hand | 54/58 | €11,385 | €9,415 | -€1,970 | -17.3% |
| Deferred charges and accrued income | 490/1 | €0 | €6,730 | +€6,730 | |
| Total equity and liabilities | 10/49 | €10,597,024 | €11,025,071 | +€428,047 | +4.0% |
| Equity | 10/15 | €7,024,653 | €6,891,238 | -€133,416 | -1.9% |
| Contributions | 10/11 | €1,076,952 | €1,076,952 | = | 0.0% |
| Capital | 10 | €1,076,952 | €1,076,952 | = | 0.0% |
| Issued capital | 100 | €1,076,952 | €1,076,952 | = | 0.0% |
| Reserves | 13 | €5,947,702 | €5,814,286 | -€133,416 | -2.2% |
| Non-distributable reserves | 130/1 | €107,695 | €107,695 | = | 0.0% |
| Legal reserve | 130 | €107,695 | €107,695 | = | 0.0% |
| Distributable reserves | 133 | €5,840,007 | €5,706,591 | -€133,416 | -2.3% |
| Amounts payable | 17/49 | €3,572,371 | €4,133,833 | +€561,463 | +15.7% |
| Amounts payable after more than one year | 17 | €2,610,478 | €2,680,601 | +€70,123 | +2.7% |
| Financial debts | 170/4 | €2,610,478 | €2,680,601 | +€70,123 | +2.7% |
| Credit institutions | 173 | - | €294,755 | +€294,755 | |
| Other loans | 174 | €2,610,478 | €2,385,846 | -€224,632 | -8.6% |
| Trade debts | 175 | €0 | - | = | |
| Suppliers | 1750 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €931,893 | €1,372,747 | +€440,854 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | - | €28,318 | +€28,318 | |
| Trade debts | 44 | €105,349 | €371,265 | +€265,917 | +252% |
| Suppliers | 440/4 | €105,349 | €371,265 | +€265,917 | +252% |
| Taxes, remuneration and social security | 45 | €6,569 | €23,851 | +€17,282 | +263% |
| Taxes | 450/3 | €6,569 | €22,298 | +€15,729 | +239% |
| Remuneration and social security | 454/9 | €0 | €1,553 | +€1,553 | |
| Other amounts payable | 47/48 | €819,976 | €949,313 | +€129,337 | +15.8% |
| Accrued charges and deferred income | 492/3 | €30,000 | €80,485 | +€50,485 | +168% |
| Operating income | 70/76A | €276,719 | €696,486 | +€419,766 | +152% |
| Turnover | 70 | €252,946 | €260,300 | +€7,354 | +2.9% |
| Other operating income | 74 | €9,886 | €436,186 | +€426,299 | +4,312% |
| Non-recurring operating income | 76A | €13,888 | €0 | -€13,888 | -100% |
| Operating charges | 60/66A | €261,889 | €717,879 | +€455,990 | +174% |
| Services and other goods | 61 | €210,826 | €650,573 | +€439,747 | +209% |
| Remuneration, social security and pensions | 62 | - | €17,303 | +€17,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,043 | €47,959 | -€84 | -0.2% |
| Other operating charges | 640/8 | €3,020 | €2,044 | -€976 | -32.3% |
| Operating profit (loss) | 9901 | €14,830 | -€21,393 | -€36,224 | |
| Financial income | 75/76B | €45,007 | €37,662 | -€7,345 | -16.3% |
| Recurring financial income | 75 | €45,007 | €37,662 | -€7,345 | -16.3% |
| Income from current assets | 751 | €45,007 | €37,026 | -€7,980 | -17.7% |
| Other financial income | 752/9 | - | €635 | +€635 | |
| Financial charges | 65/66B | €116,752 | €140,027 | +€23,275 | +19.9% |
| Recurring financial charges | 65 | €116,752 | €140,027 | +€23,275 | +19.9% |
| Debt charges | 650 | €112,881 | €134,277 | +€21,396 | +19.0% |
| Other financial charges | 652/9 | €3,870 | €5,750 | +€1,879 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€56,915 | -€123,759 | -€66,844 | -117% |
| Income taxes | 67/77 | €1,095 | €9,657 | +€8,563 | +782% |
| Taxes | 670/3 | €1,095 | €9,657 | +€8,563 | +782% |
| Profit (loss) for the period | 9904 | -€58,010 | -€133,416 | -€75,406 | -130% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,010 | -€133,416 | -€75,406 | -130% |
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 17 October 2026 via checked.be.