Gv 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.
Gv Construct
Largest movements
- Stocks and contracts +€135,214
up €135,214 (+6,996%), from €1,933 to €137,146
- Cash -€34,716
down €34,716 (-79.7%), from €43,575 to €8,859
mainly Stocks and contracts (-€135,214) and Trade debts (-€38,465)
- Receivables within one year -€28,448
down €28,448 (-6.8%), from €415,443 to €386,995
of which Other amounts receivable: -€88,084
- Advances received +€108,617
up €108,617 (+328%), from €33,068 to €141,685
- Trade debts -€38,465
down €38,465 (-18.0%), from €213,211 to €174,746
- Profit (loss) carried forward +€8,094
up €8,094 (+4.4%), from €182,734 to €190,827
- Tax, wage and social debts -€5,752
down €5,752 (-50.7%), from €11,338 to €5,585
- Gross operating margin +€20,670
up €20,670, from -€7,094 to €13,577
- Financial income -€13,288
down €13,288 (-91.5%), from €14,521 to €1,234
of which Non-recurring financial income: -€14,521
- Financial charges +€2,387
up €2,387 (+1,333%), from €179 to €2,567
- Taxes +€1,786
up €1,786 (+183%), from €978 to €2,764
- Other operating charges +€617
up €617 (+103%), from €599 to €1,216
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,950 | €533,444 | +€72,494 | +15.7% |
| Current assets | 29/58 | €460,950 | €533,444 | +€72,494 | +15.7% |
| Stocks and contracts in progress | 3 | €1,933 | €137,146 | +€135,214 | +6,996% |
| Contracts in progress | 37 | €1,933 | €137,146 | +€135,214 | +6,996% |
| Amounts receivable within one year | 40/41 | €415,443 | €386,995 | -€28,448 | -6.8% |
| Trade receivables | 40 | €136,036 | €195,672 | +€59,636 | +43.8% |
| Other amounts receivable | 41 | €279,407 | €191,323 | -€88,084 | -31.5% |
| Cash at bank and in hand | 54/58 | €43,575 | €8,859 | -€34,716 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €444 | +€444 | |
| Total equity and liabilities | 10/49 | €460,950 | €533,444 | +€72,494 | +15.7% |
| Equity | 10/15 | €203,334 | €211,427 | +€8,094 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,734 | €190,827 | +€8,094 | +4.4% |
| Amounts payable | 17/49 | €257,616 | €322,017 | +€64,400 | +25.0% |
| Amounts payable within one year | 42/48 | €257,616 | €322,017 | +€64,400 | +25.0% |
| Trade debts | 44 | €213,211 | €174,746 | -€38,465 | -18.0% |
| Suppliers | 440/4 | €213,211 | €174,746 | -€38,465 | -18.0% |
| Advances received on contracts in progress | 46 | €33,068 | €141,685 | +€108,617 | +328% |
| Taxes, remuneration and social security | 45 | €11,338 | €5,585 | -€5,752 | -50.7% |
| Taxes | 450/3 | €11,338 | €5,585 | -€5,752 | -50.7% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €599 | €1,216 | +€617 | +103% |
| Gross operating margin | 9900 | -€7,094 | €13,577 | +€20,670 | |
| Operating profit (loss) | 9901 | -€7,857 | €12,190 | +€20,047 | |
| Financial income | 75/76B | €14,521 | €1,234 | -€13,288 | -91.5% |
| Recurring financial income | 75 | €0 | €1,234 | +€1,234 | |
| Non-recurring financial income | 76B | €14,521 | €0 | -€14,521 | -100% |
| Financial charges | 65/66B | €179 | €2,567 | +€2,387 | +1,333% |
| Recurring financial charges | 65 | €179 | €2,567 | +€2,387 | +1,333% |
| Profit (loss) for the period before taxes | 9903 | €6,485 | €10,857 | +€4,372 | +67.4% |
| Income taxes | 67/77 | €978 | €2,764 | +€1,786 | +183% |
| Profit (loss) for the period | 9904 | €5,508 | €8,094 | +€2,586 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,508 | €8,094 | +€2,586 | +47.0% |
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 16 October 2026 via checked.be.