GWM Construction: 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.
GWM Construction
Largest movements
- Receivables within one year +€27,792
up €27,792 (+41.4%), from €67,132 to €94,924
of which Trade receivables: +€24,709
- Tangible fixed assets -€4,427
down €4,427 (-9.4%), from €47,102 to €42,675
of which Furniture and vehicles: -€10,769
- Cash +€1,839
up €1,839 (+6.8%), from €26,889 to €28,728
mainly Net result for the year (+€24,915) and Trade debts (+€13,910)
- Reserves +€24,915
up €24,915 (+46.2%), from €53,882 to €78,798
- Debts after one year -€18,837
down €18,837 (-44.1%), from €42,759 to €23,922
- Trade debts +€13,910
up €13,910 (+52.2%), from €26,636 to €40,547
- Current portion of long-term debt +€9,603
new in 2025: €9,603
- Tax, wage and social debts -€2,934
down €2,934 (-19.1%), from €15,323 to €12,390
- Gross operating margin -€36,841
down €36,841 (-44.3%), from €83,241 to €46,400
- Taxes -€7,599
down €7,599 (-49.6%), from €15,323 to €7,725
- Depreciation +€1,914
up €1,914 (+19.5%), from €9,831 to €11,745
- Financial income +€870
up €870 (+203%), from €429 to €1,299
- Financial charges +€838
up €838 (+62.5%), from €1,339 to €2,177
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 | €142,819 | €169,477 | +€26,658 | +18.7% |
| Fixed assets | 21/28 | €47,102 | €42,675 | -€4,427 | -9.4% |
| Tangible fixed assets | 22/27 | €47,102 | €42,675 | -€4,427 | -9.4% |
| Plant, machinery and equipment | 23 | €1,350 | €7,692 | +€6,342 | +470% |
| Furniture and vehicles | 24 | €45,752 | €34,984 | -€10,769 | -23.5% |
| Current assets | 29/58 | €95,717 | €126,801 | +€31,084 | +32.5% |
| Amounts receivable within one year | 40/41 | €67,132 | €94,924 | +€27,792 | +41.4% |
| Trade receivables | 40 | €51,308 | €76,017 | +€24,709 | +48.2% |
| Other amounts receivable | 41 | €15,824 | €18,907 | +€3,083 | +19.5% |
| Cash at bank and in hand | 54/58 | €26,889 | €28,728 | +€1,839 | +6.8% |
| Deferred charges and accrued income | 490/1 | €1,696 | €3,150 | +€1,454 | +85.7% |
| Total equity and liabilities | 10/49 | €142,819 | €169,477 | +€26,658 | +18.7% |
| Equity | 10/15 | €56,382 | €81,298 | +€24,915 | +44.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €53,882 | €78,798 | +€24,915 | +46.2% |
| Distributable reserves | 133 | €53,882 | €78,798 | +€24,915 | +46.2% |
| Amounts payable | 17/49 | €86,436 | €88,179 | +€1,743 | +2.0% |
| Amounts payable after more than one year | 17 | €42,759 | €23,922 | -€18,837 | -44.1% |
| Financial debts | 170/4 | €42,759 | €23,922 | -€18,837 | -44.1% |
| Amounts payable within one year | 42/48 | €43,678 | €64,257 | +€20,579 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,603 | +€9,603 | |
| Trade debts | 44 | €26,636 | €40,547 | +€13,910 | +52.2% |
| Suppliers | 440/4 | €26,636 | €40,547 | +€13,910 | +52.2% |
| Taxes, remuneration and social security | 45 | €15,323 | €12,390 | -€2,934 | -19.1% |
| Taxes | 450/3 | €15,323 | €12,390 | -€2,934 | -19.1% |
| Other amounts payable | 47/48 | €1,718 | €1,718 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,831 | €11,745 | +€1,914 | +19.5% |
| Other operating charges | 640/8 | €1,575 | €1,137 | -€438 | -27.8% |
| Gross operating margin | 9900 | €83,241 | €46,400 | -€36,841 | -44.3% |
| Operating profit (loss) | 9901 | €71,835 | €33,518 | -€38,317 | -53.3% |
| Financial income | 75/76B | €429 | €1,299 | +€870 | +203% |
| Recurring financial income | 75 | €429 | €1,299 | +€870 | +203% |
| Financial charges | 65/66B | €1,339 | €2,177 | +€838 | +62.5% |
| Recurring financial charges | 65 | €1,339 | €2,177 | +€838 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €70,924 | €32,640 | -€38,284 | -54.0% |
| Income taxes | 67/77 | €15,323 | €7,725 | -€7,599 | -49.6% |
| Profit (loss) for the period | 9904 | €55,600 | €24,915 | -€30,685 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,600 | €24,915 | -€30,685 | -55.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.