BM GROTIUS 3: 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.
BM GROTIUS 3
Largest movements
- Tangible fixed assets -€44,167
down €44,167 (-2.4%), from €1.8m to €1.8m
- Cash +€19,221
up €19,221 (+87.8%), from €21,882 to €41,103
mainly Depreciation (+€44,167) and Net result for the year (+€9,152)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€25,671
down €25,671 (-36.8%), from €69,838 to €44,167
- Gross operating margin +€15,965
up €15,965 (+37.4%), from €42,715 to €58,680
- Other operating charges -€1,938
down €1,938 (-27.1%), from €7,149 to €5,211
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 | €1,850,313 | €1,841,588 | -€8,725 | -0.5% |
| Fixed assets | 21/28 | €1,826,458 | €1,782,291 | -€44,167 | -2.4% |
| Tangible fixed assets | 22/27 | €1,826,458 | €1,782,291 | -€44,167 | -2.4% |
| Land and buildings | 22 | €1,826,458 | €1,782,291 | -€44,167 | -2.4% |
| Current assets | 29/58 | €23,856 | €59,297 | +€35,442 | +149% |
| Amounts receivable within one year | 40/41 | - | €17,763 | +€17,763 | |
| Trade receivables | 40 | - | €11 | +€11 | |
| Other amounts receivable | 41 | - | €17,752 | +€17,752 | |
| Cash at bank and in hand | 54/58 | €21,882 | €41,103 | +€19,221 | +87.8% |
| Deferred charges and accrued income | 490/1 | €1,973 | €431 | -€1,542 | -78.1% |
| Total equity and liabilities | 10/49 | €1,850,313 | €1,841,588 | -€8,725 | -0.5% |
| Equity | 10/15 | €1,830,416 | €1,839,568 | +€9,152 | +0.5% |
| Contributions | 10/11 | €1,394,727 | €1,394,727 | = | 0.0% |
| Reserves | 13 | €470,024 | €470,024 | = | 0.0% |
| Distributable reserves | 133 | €470,024 | €470,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,335 | -€25,183 | +€9,152 | +26.7% |
| Amounts payable | 17/49 | €19,897 | €2,020 | -€17,877 | -89.8% |
| Amounts payable within one year | 42/48 | €18,678 | €192 | -€18,486 | -99.0% |
| Trade debts | 44 | €9,036 | €22 | -€9,014 | -99.8% |
| Suppliers | 440/4 | €9,036 | €22 | -€9,014 | -99.8% |
| Other amounts payable | 47/48 | €9,642 | €170 | -€9,472 | -98.2% |
| Accrued charges and deferred income | 492/3 | €1,219 | €1,828 | +€609 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,838 | €44,167 | -€25,671 | -36.8% |
| Other operating charges | 640/8 | €7,149 | €5,211 | -€1,938 | -27.1% |
| Gross operating margin | 9900 | €42,715 | €58,680 | +€15,965 | +37.4% |
| Operating profit (loss) | 9901 | -€34,272 | €9,302 | +€43,574 | |
| Financial charges | 65/66B | €63 | €150 | +€88 | +140% |
| Recurring financial charges | 65 | €63 | €150 | +€88 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€34,335 | €9,152 | +€43,487 | |
| Profit (loss) for the period | 9904 | -€34,335 | €9,152 | +€43,487 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,335 | €9,152 | +€43,487 |
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 20 October 2026 via checked.be.