Geerts Patrick Grondwerken: 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.
Geerts Patrick Grondwerken
Largest movements
- Cash +€163,982
up €163,982 (+369%), from €44,456 to €208,438
mainly Current investments (+€150,000) and Depreciation (+€33,369)
- Current investments -€150,000
down €150,000 (-37.5%), from €400,000 to €250,000
- Tangible fixed assets -€30,963
down €30,963 (-18.7%), from €165,319 to €134,356
of which Furniture and vehicles: -€24,750
- Reserves -€14,478
down €14,478 (-2.7%), from €545,623 to €531,145
of which Distributable reserves: -€14,478
- Gross operating margin -€53,354
down €53,354 (-70.5%), from €75,677 to €22,323
- Taxes -€11,150
down €11,150 (-96.0%), from €11,617 to €467
- Financial income +€4,495
up €4,495, from €0 to €4,495
- Other operating charges -€995
down €995 (-13.8%), from €7,220 to €6,225
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 | €617,963 | €603,474 | -€14,488 | -2.3% |
| Fixed assets | 21/28 | €165,319 | €134,356 | -€30,963 | -18.7% |
| Tangible fixed assets | 22/27 | €165,319 | €134,356 | -€30,963 | -18.7% |
| Land and buildings | 22 | €91,823 | €85,860 | -€5,963 | -6.5% |
| Plant, machinery and equipment | 23 | €657 | €407 | -€250 | -38.1% |
| Furniture and vehicles | 24 | €72,839 | €48,090 | -€24,750 | -34.0% |
| Current assets | 29/58 | €452,644 | €469,118 | +€16,474 | +3.6% |
| Amounts receivable within one year | 40/41 | €2,281 | €5,502 | +€3,220 | +141% |
| Trade receivables | 40 | €1,320 | €3,460 | +€2,140 | +162% |
| Other amounts receivable | 41 | €961 | €2,042 | +€1,080 | +112% |
| Current investments | 50/53 | €400,000 | €250,000 | -€150,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €44,456 | €208,438 | +€163,982 | +369% |
| Deferred charges and accrued income | 490/1 | €5,907 | €5,178 | -€728 | -12.3% |
| Total equity and liabilities | 10/49 | €617,963 | €603,474 | -€14,488 | -2.3% |
| Equity | 10/15 | €599,912 | €585,434 | -€14,478 | -2.4% |
| Contributions | 10/11 | €54,289 | €54,289 | = | 0.0% |
| Reserves | 13 | €545,623 | €531,145 | -€14,478 | -2.7% |
| Tax-exempt reserves | 132 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €505,623 | €491,145 | -€14,478 | -2.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,051 | €18,041 | -€10 | -0.1% |
| Amounts payable after more than one year | 17 | €13,694 | €14,728 | +€1,034 | +7.6% |
| Other amounts payable | 178/9 | €13,694 | €14,728 | +€1,034 | +7.6% |
| Amounts payable within one year | 42/48 | €4,343 | €3,298 | -€1,045 | -24.1% |
| Trade debts | 44 | €87 | €2,097 | +€2,009 | +2,307% |
| Suppliers | 440/4 | €87 | €2,097 | +€2,009 | +2,307% |
| Taxes, remuneration and social security | 45 | €3,456 | €401 | -€3,054 | -88.4% |
| Taxes | 450/3 | €3,456 | €401 | -€3,054 | -88.4% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | +€0 | +3.0% |
| Non-recurring operating income | 76A | €47,500 | €0 | -€47,500 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,069 | €33,369 | +€300 | +0.9% |
| Other operating charges | 640/8 | €7,220 | €6,225 | -€995 | -13.8% |
| Gross operating margin | 9900 | €75,677 | €22,323 | -€53,354 | -70.5% |
| Operating profit (loss) | 9901 | €35,388 | -€17,271 | -€52,659 | |
| Financial income | 75/76B | €0 | €4,495 | +€4,495 | |
| Recurring financial income | 75 | €0 | €4,495 | +€4,495 | |
| Financial charges | 65/66B | €989 | €1,235 | +€246 | +24.9% |
| Recurring financial charges | 65 | €989 | €1,235 | +€246 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €34,399 | -€14,011 | -€48,410 | |
| Income taxes | 67/77 | €11,617 | €467 | -€11,150 | -96.0% |
| Profit (loss) for the period | 9904 | €22,782 | -€14,478 | -€37,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,782 | -€14,478 | -€37,260 |
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 29 October 2026 via checked.be.