GJN 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.
GJN GROND
Largest movements
- Stocks and contracts +€4.5m
up €4.5m (+224%), from €2.0m to €6.5m
- Receivables within one year +€129,298
new in 2025: €129,298
- Short-term financial debts +€4.6m
up €4.6m (+301%), from €1.5m to €6.2m
- Profit (loss) carried forward +€376,541
up €376,541 (+683%), from €55,091 to €431,631
- Other debts -€376,315
no longer reported in 2025 (was €376,315)
- Gross operating margin +€512,873
up €512,873 (+639%), from €80,213 to €593,086
- Taxes +€124,647
new in 2025: €124,647
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 | €2,002,590 | €6,613,594 | +€4.6m | +230% |
| Current assets | 29/58 | €2,002,590 | €6,613,594 | +€4.6m | +230% |
| Stocks and contracts in progress | 3 | €1,996,270 | €6,476,170 | +€4.5m | +224% |
| Stocks | 30/36 | €1,996,270 | €6,476,170 | +€4.5m | +224% |
| Amounts receivable within one year | 40/41 | - | €129,298 | +€129,298 | |
| Other amounts receivable | 41 | - | €129,298 | +€129,298 | |
| Cash at bank and in hand | 54/58 | €6,319 | €8,126 | +€1,806 | +28.6% |
| Total equity and liabilities | 10/49 | €2,002,590 | €6,613,594 | +€4.6m | +230% |
| Equity | 10/15 | €75,091 | €451,631 | +€376,541 | +501% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,091 | €431,631 | +€376,541 | +683% |
| Amounts payable | 17/49 | €1,927,499 | €6,161,963 | +€4.2m | +220% |
| Amounts payable within one year | 42/48 | €1,925,336 | €6,160,082 | +€4.2m | +220% |
| Financial debts | 43 | €1,536,000 | €6,159,533 | +€4.6m | +301% |
| Credit institutions | 430/8 | €1,536,000 | €6,159,533 | +€4.6m | +301% |
| Trade debts | 44 | - | €549 | +€549 | |
| Suppliers | 440/4 | - | €549 | +€549 | |
| Taxes, remuneration and social security | 45 | €13,021 | - | -€13,021 | |
| Taxes | 450/3 | €13,021 | - | -€13,021 | |
| Other amounts payable | 47/48 | €376,315 | - | -€376,315 | |
| Accrued charges and deferred income | 492/3 | €2,163 | €1,881 | -€282 | -13.0% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Gross operating margin | 9900 | €80,213 | €593,086 | +€512,873 | +639% |
| Operating profit (loss) | 9901 | €79,246 | €592,687 | +€513,441 | +648% |
| Financial charges | 65/66B | €92,296 | €91,499 | -€797 | -0.9% |
| Recurring financial charges | 65 | €92,296 | €91,499 | -€797 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,050 | €501,187 | +€514,237 | |
| Income taxes | 67/77 | - | €124,647 | +€124,647 | |
| Profit (loss) for the period | 9904 | -€13,050 | €376,541 | +€389,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,050 | €376,541 | +€389,591 |
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 26 October 2026 via checked.be.