DE GRONDELEER: 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.
What changed
DE GRONDELEER
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,802
2024 · €6,057+€3,745
Equity
€476,912
2024 · €467,110+€9,802
Cash
€189
2024 · €1,333-€1,144
Balance sheet total
€1.1m
2024 · €1.1m+€4,474
Largest movements
Assets
- Receivables within one year +€36,847
up €36,847 (+61.2%), from €60,197 to €97,043
of which Trade receivables: +€36,843
- Tangible fixed assets -€31,243
down €31,243 (-2.9%), from €1.1m to €1.0m
Equity and liabilities
- Debts after one year -€17,500
down €17,500 (-44.4%), from €39,374 to €21,874
Income statement
- Financial charges -€7,156
down €7,156 (-16.6%), from €43,199 to €36,042
- Gross operating margin -€2,344
down €2,344 (-2.3%), from €102,835 to €100,491
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.
Result 2024
€6,057
Gross operating margin
-€2,344
Depreciation
-€238
Other operating charges
-€830
Financial income
+€0
Financial charges
+€7,156
Result 2025
€9,802
Cash bridge derived
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.
From operations
+€36,856
Investment
-€20,500
Financing
-€17,500
Cash 2024
€1,333
From operations (derived)
+€36,856
Net result for the year
+€9,802
Depreciation
+€51,743
Receivables within one year
-€36,847
Smaller working-capital items
-€57
Trade debts
+€9,317
Tax, wage and social debts
+€6,458
Other debts
-€3,561
Investment (derived)
-€20,500
Investment in fixed assets (net)
-€20,500
Financing
-€17,500
Debts after one year
-€17,500
Cash 2025
€189
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,142,519 | €1,146,994 | +€4,474 | +0.4% |
| Fixed assets | 21/28 | €1,079,301 | €1,048,058 | -€31,243 | -2.9% |
| Tangible fixed assets | 22/27 | €1,079,301 | €1,048,058 | -€31,243 | -2.9% |
| Land and buildings | 22 | €1,079,301 | €1,048,058 | -€31,243 | -2.9% |
| Current assets | 29/58 | €63,218 | €98,936 | +€35,718 | +56.5% |
| Amounts receivable within one year | 40/41 | €60,197 | €97,043 | +€36,847 | +61.2% |
| Trade receivables | 40 | €60,193 | €97,035 | +€36,843 | +61.2% |
| Other amounts receivable | 41 | €4 | €8 | +€4 | +89.9% |
| Cash at bank and in hand | 54/58 | €1,333 | €189 | -€1,144 | -85.8% |
| Deferred charges and accrued income | 490/1 | €1,688 | €1,703 | +€15 | +0.9% |
| Total equity and liabilities | 10/49 | €1,142,519 | €1,146,994 | +€4,474 | +0.4% |
| Equity | 10/15 | €467,110 | €476,912 | +€9,802 | +2.1% |
| Contributions | 10/11 | €487,000 | €487,000 | = | 0.0% |
| Capital | 10 | €487,000 | €487,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Uncalled capital | 101 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,390 | -€12,588 | +€9,802 | +43.8% |
| Amounts payable | 17/49 | €675,409 | €670,081 | -€5,328 | -0.8% |
| Amounts payable after more than one year | 17 | €39,374 | €21,874 | -€17,500 | -44.4% |
| Financial debts | 170/4 | €39,374 | €21,874 | -€17,500 | -44.4% |
| Amounts payable within one year | 42/48 | €635,993 | €648,207 | +€12,214 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €17,500 | €17,500 | = | 0.0% |
| Trade debts | 44 | €29,013 | €38,330 | +€9,317 | +32.1% |
| Suppliers | 440/4 | €29,013 | €38,330 | +€9,317 | +32.1% |
| Taxes, remuneration and social security | 45 | €5,969 | €12,426 | +€6,458 | +108.2% |
| Taxes | 450/3 | €5,969 | €12,426 | +€6,458 | +108.2% |
| Other amounts payable | 47/48 | €583,511 | €579,950 | -€3,561 | -0.6% |
| Accrued charges and deferred income | 492/3 | €42 | - | -€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,506 | €51,743 | +€238 | +0.5% |
| Other operating charges | 640/8 | €2,073 | €2,903 | +€830 | +40.0% |
| Gross operating margin | 9900 | €102,835 | €100,491 | -€2,344 | -2.3% |
| Operating profit (loss) | 9901 | €49,256 | €45,845 | -€3,411 | -6.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €43,199 | €36,042 | -€7,156 | -16.6% |
| Recurring financial charges | 65 | €43,199 | €36,042 | -€7,156 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €6,057 | €9,802 | +€3,745 | +61.8% |
| Profit (loss) for the period | 9904 | €6,057 | €9,802 | +€3,745 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,057 | €9,802 | +€3,745 | +61.8% |
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 9 October 2026 via checked.be.