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
- Receivables within one year -€11,133
down €11,133 (-93.1%), from €11,962 to €829
of which Trade receivables: -€6,079
- Cash -€4,474
down €4,474 (-50.8%), from €8,806 to €4,332
mainly Debts after one year (-€17,302) and Investment in fixed assets (net) (-€15,530)
- Tangible fixed assets +€3,010
up €3,010 (+12.8%), from €23,490 to €26,500
of which Furniture and vehicles: +€10,742
- Deferred charges and accrued income +€646
up €646 (+42.8%), from €1,508 to €2,154
- Debts after one year -€17,302
down €17,302 (-33.9%), from €51,053 to €33,751
- Other debts +€9,331
new in 2025: €9,331
- Trade debts -€7,515
down €7,515 (-69.6%), from €10,793 to €3,278
- Tax, wage and social debts +€1,608
up €1,608 (+55.0%), from €2,926 to €4,534
of which Remuneration and social security: +€1,800
- Profit (loss) carried forward +€1,517
up €1,517 (+2.8%), from -€54,898 to -€53,381
- Gross operating margin +€39,115
up €39,115, from -€21,224 to €17,891
- Purchases and services -€26,541
down €26,541 (-22.1%), from €120,299 to €93,758
- Turnover +€12,574
up €12,574 (+12.7%), from €99,075 to €111,649
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 | €45,766 | €33,815 | -€11,951 | -26.1% |
| Fixed assets | 21/28 | €23,490 | €26,500 | +€3,010 | +12.8% |
| Tangible fixed assets | 22/27 | €23,490 | €26,500 | +€3,010 | +12.8% |
| Plant, machinery and equipment | 23 | €2,835 | €1,723 | -€1,112 | -39.2% |
| Furniture and vehicles | 24 | €4,132 | €14,874 | +€10,742 | +260% |
| Leasing and similar rights | 25 | €16,523 | €9,903 | -€6,620 | -40.1% |
| Current assets | 29/58 | €22,276 | €7,315 | -€14,961 | -67.2% |
| Amounts receivable within one year | 40/41 | €11,962 | €829 | -€11,133 | -93.1% |
| Trade receivables | 40 | €6,908 | €829 | -€6,079 | -88.0% |
| Other amounts receivable | 41 | €5,054 | - | -€5,054 | |
| Cash at bank and in hand | 54/58 | €8,806 | €4,332 | -€4,474 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,508 | €2,154 | +€646 | +42.8% |
| Total equity and liabilities | 10/49 | €45,766 | €33,815 | -€11,951 | -26.1% |
| Equity | 10/15 | -€35,898 | -€34,381 | +€1,517 | +4.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,898 | -€53,381 | +€1,517 | +2.8% |
| Amounts payable | 17/49 | €81,664 | €68,196 | -€13,468 | -16.5% |
| Amounts payable after more than one year | 17 | €51,053 | €33,751 | -€17,302 | -33.9% |
| Financial debts | 170/4 | €51,053 | €33,751 | -€17,302 | -33.9% |
| Amounts payable within one year | 42/48 | €30,611 | €34,445 | +€3,834 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €16,892 | €17,302 | +€410 | +2.4% |
| Trade debts | 44 | €10,793 | €3,278 | -€7,515 | -69.6% |
| Suppliers | 440/4 | €10,793 | €3,278 | -€7,515 | -69.6% |
| Taxes, remuneration and social security | 45 | €2,926 | €4,534 | +€1,608 | +55.0% |
| Taxes | 450/3 | €2,926 | €2,734 | -€192 | -6.6% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | - | €9,331 | +€9,331 | |
| Turnover | 70 | €99,075 | €111,649 | +€12,574 | +12.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €120,299 | €93,758 | -€26,541 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,634 | €12,520 | +€886 | +7.6% |
| Other operating charges | 640/8 | €2,075 | €1,486 | -€589 | -28.4% |
| Gross operating margin | 9900 | -€21,224 | €17,891 | +€39,115 | |
| Operating profit (loss) | 9901 | -€34,933 | €3,885 | +€38,818 | |
| Financial charges | 65/66B | €3,452 | €2,368 | -€1,084 | -31.4% |
| Recurring financial charges | 65 | €3,452 | €2,368 | -€1,084 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€38,385 | €1,517 | +€39,902 | |
| Profit (loss) for the period | 9904 | -€38,385 | €1,517 | +€39,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,385 | €1,517 | +€39,902 |
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.