Master Gyp 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.
Master Gyp Construction
Largest movements
- Receivables within one year +€8,071
up €8,071 (+11.3%), from €71,588 to €79,659
of which Trade receivables: +€7,012
- Cash +€3,496
up €3,496 (+131%), from €2,670 to €6,166
mainly Net result for the year (+€13,990) and Short-term financial debts (+€4,463)
- Tangible fixed assets -€1,158
down €1,158 (-96.0%), from €1,206 to €48
- Deferred charges and accrued income +€1,130
up €1,130 (+142%), from €796 to €1,926
- Profit (loss) carried forward +€13,990
up €13,990 (+61.0%), from €22,946 to €36,936
- Trade debts -€6,719
down €6,719 (-55.3%), from €12,157 to €5,437
- Short-term financial debts +€4,463
up €4,463 (+57.4%), from €7,779 to €12,242
- Current portion of long-term debt -€2,500
down €2,500 (-23.1%), from €10,803 to €8,303
- Tax, wage and social debts +€2,305
up €2,305 (+28.9%), from €7,971 to €10,277
of which Taxes: +€10,277
- Turnover +€24,956
up €24,956 (+17.3%), from €144,230 to €169,186
- Purchases and services +€14,386
up €14,386 (+11.1%), from €129,506 to €143,892
- Gross operating margin +€10,570
up €10,570 (+71.8%), from €14,724 to €25,294
- Taxes +€2,710
up €2,710 (+93.0%), from €2,915 to €5,625
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 | €76,660 | €88,199 | +€11,539 | +15.1% |
| Fixed assets | 21/28 | €1,606 | €448 | -€1,158 | -72.1% |
| Tangible fixed assets | 22/27 | €1,206 | €48 | -€1,158 | -96.0% |
| Furniture and vehicles | 24 | €1,206 | €48 | -€1,158 | -96.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €75,054 | €87,751 | +€12,697 | +16.9% |
| Amounts receivable within one year | 40/41 | €71,588 | €79,659 | +€8,071 | +11.3% |
| Trade receivables | 40 | €57,936 | €64,948 | +€7,012 | +12.1% |
| Other amounts receivable | 41 | €13,652 | €14,711 | +€1,059 | +7.8% |
| Cash at bank and in hand | 54/58 | €2,670 | €6,166 | +€3,496 | +131% |
| Deferred charges and accrued income | 490/1 | €796 | €1,926 | +€1,130 | +142% |
| Total equity and liabilities | 10/49 | €76,660 | €88,199 | +€11,539 | +15.1% |
| Equity | 10/15 | €31,006 | €44,996 | +€13,990 | +45.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,946 | €36,936 | +€13,990 | +61.0% |
| Amounts payable | 17/49 | €45,655 | €43,203 | -€2,452 | -5.4% |
| Amounts payable within one year | 42/48 | €45,265 | €42,814 | -€2,452 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €10,803 | €8,303 | -€2,500 | -23.1% |
| Financial debts | 43 | €7,779 | €12,242 | +€4,463 | +57.4% |
| Credit institutions | 430/8 | €7,779 | €12,242 | +€4,463 | +57.4% |
| Trade debts | 44 | €12,157 | €5,437 | -€6,719 | -55.3% |
| Suppliers | 440/4 | €12,157 | €5,437 | -€6,719 | -55.3% |
| Taxes, remuneration and social security | 45 | €7,971 | €10,277 | +€2,305 | +28.9% |
| Taxes | 450/3 | - | €10,277 | +€10,277 | |
| Remuneration and social security | 454/9 | €7,971 | - | -€7,971 | |
| Other amounts payable | 47/48 | €6,555 | €6,555 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €389 | €389 | = | 0.0% |
| Turnover | 70 | €144,230 | €169,186 | +€24,956 | +17.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €129,506 | €143,892 | +€14,386 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,158 | €1,158 | = | 0.0% |
| Other operating charges | 640/8 | €893 | €355 | -€538 | -60.2% |
| Gross operating margin | 9900 | €14,724 | €25,294 | +€10,570 | +71.8% |
| Operating profit (loss) | 9901 | €12,673 | €23,781 | +€11,108 | +87.6% |
| Financial income | 75/76B | €828 | €61 | -€766 | -92.6% |
| Recurring financial income | 75 | €828 | €61 | -€766 | -92.6% |
| Financial charges | 65/66B | €3,919 | €4,226 | +€308 | +7.8% |
| Recurring financial charges | 65 | €3,919 | €4,226 | +€308 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €9,582 | €19,616 | +€10,034 | +105% |
| Income taxes | 67/77 | €2,915 | €5,625 | +€2,710 | +93.0% |
| Profit (loss) for the period | 9904 | €6,667 | €13,990 | +€7,323 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €6,667 | €13,990 | +€7,323 | +110% |
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 24 October 2026 via checked.be.