Ge-Grond: 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.
Ge-Grond
Largest movements
- Stocks and contracts -€612,208
down €612,208 (-46.8%), from €1.3m to €694,735
- Cash +€207,951
up €207,951 (+550%), from €37,837 to €245,789
mainly Stocks and contracts (+€612,208) and Net result for the year (+€176,451)
- Receivables within one year +€166,475
up €166,475 (+60.5%), from €275,318 to €441,793
of which Other amounts receivable: +€166,475
- Short-term financial debts -€618,591
down €618,591 (-68.8%), from €898,591 to €280,000
- Reserves +€156,321
up €156,321 (+168%), from €92,835 to €249,157
- Debts after one year +€150,000
up €150,000 (+24.3%), from €617,000 to €767,000
- Tax, wage and social debts +€42,692
up €42,692 (+195%), from €21,884 to €64,576
- Profit (loss) carried forward +€20,130
up €20,130, from -€20,130 to €0
- Gross operating margin +€78,748
up €78,748 (+43.8%), from €179,794 to €258,542
- Other operating charges -€11,129
down €11,129 (-80.7%), from €13,790 to €2,660
- Taxes +€8,808
up €8,808 (+26.0%), from €33,884 to €42,692
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 | €1,624,097 | €1,386,316 | -€237,781 | -14.6% |
| Fixed assets | 21/28 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €1,620,097 | €1,382,316 | -€237,781 | -14.7% |
| Stocks and contracts in progress | 3 | €1,306,942 | €694,735 | -€612,208 | -46.8% |
| Stocks | 30/36 | €1,306,942 | €694,735 | -€612,208 | -46.8% |
| Amounts receivable within one year | 40/41 | €275,318 | €441,793 | +€166,475 | +60.5% |
| Trade receivables | 40 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 41 | €245,318 | €411,793 | +€166,475 | +67.9% |
| Cash at bank and in hand | 54/58 | €37,837 | €245,789 | +€207,951 | +550% |
| Total equity and liabilities | 10/49 | €1,624,097 | €1,386,316 | -€237,781 | -14.6% |
| Equity | 10/15 | €77,205 | €253,657 | +€176,451 | +229% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €92,835 | €249,157 | +€156,321 | +168% |
| Distributable reserves | 133 | €92,835 | €249,157 | +€156,321 | +168% |
| Profit (loss) carried forward | 14 | -€20,130 | €0 | +€20,130 | |
| Amounts payable | 17/49 | €1,546,892 | €1,132,659 | -€414,233 | -26.8% |
| Amounts payable after more than one year | 17 | €617,000 | €767,000 | +€150,000 | +24.3% |
| Financial debts | 170/4 | €617,000 | €767,000 | +€150,000 | +24.3% |
| Amounts payable within one year | 42/48 | €929,892 | €365,659 | -€564,233 | -60.7% |
| Financial debts | 43 | €898,591 | €280,000 | -€618,591 | -68.8% |
| Credit institutions | 430/8 | €898,591 | €280,000 | -€618,591 | -68.8% |
| Trade debts | 44 | €9,416 | €21,083 | +€11,666 | +124% |
| Suppliers | 440/4 | €9,416 | €21,083 | +€11,666 | +124% |
| Taxes, remuneration and social security | 45 | €21,884 | €64,576 | +€42,692 | +195% |
| Taxes | 450/3 | €21,884 | €64,576 | +€42,692 | +195% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €13,790 | €2,660 | -€11,129 | -80.7% |
| Gross operating margin | 9900 | €179,794 | €258,542 | +€78,748 | +43.8% |
| Operating profit (loss) | 9901 | €166,004 | €255,881 | +€89,877 | +54.1% |
| Financial charges | 65/66B | €39,285 | €36,738 | -€2,546 | -6.5% |
| Recurring financial charges | 65 | €39,285 | €36,738 | -€2,546 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €126,720 | €219,143 | +€92,424 | +72.9% |
| Income taxes | 67/77 | €33,884 | €42,692 | +€8,808 | +26.0% |
| Profit (loss) for the period | 9904 | €92,835 | €176,451 | +€83,616 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,835 | €176,451 | +€83,616 | +90.1% |
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.