GrandKrU: 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.
GrandKrU
Largest movements
- Tangible fixed assets -€44,251
down €44,251 (-6.1%), from €720,815 to €676,564
of which Land and buildings: -€33,321
- Debts after one year -€33,729
down €33,729 (-7.5%), from €447,729 to €414,000
- Tax, wage and social debts +€9,738
up €9,738 (+378%), from €2,578 to €12,316
of which Remuneration and social security: +€7,583
- Current portion of long-term debt -€9,315
down €9,315 (-21.6%), from €43,044 to €33,729
- Gross operating margin -€8,015
down €8,015 (-11.7%), from €68,384 to €60,369
- Depreciation +€2,052
up €2,052 (+4.9%), from €42,199 to €44,251
- Financial charges -€1,882
down €1,882 (-16.0%), from €11,749 to €9,867
- Taxes -€1,629
down €1,629 (-58.0%), from €2,810 to €1,181
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 | €765,715 | €723,271 | -€42,445 | -5.5% |
| Fixed assets | 21/28 | €720,815 | €676,564 | -€44,251 | -6.1% |
| Tangible fixed assets | 22/27 | €720,815 | €676,564 | -€44,251 | -6.1% |
| Land and buildings | 22 | €696,081 | €662,760 | -€33,321 | -4.8% |
| Furniture and vehicles | 24 | €24,734 | €13,804 | -€10,930 | -44.2% |
| Current assets | 29/58 | €44,900 | €46,706 | +€1,806 | +4.0% |
| Amounts receivable within one year | 40/41 | €39,757 | €39,651 | -€107 | -0.3% |
| Trade receivables | 40 | €37,068 | €38,938 | +€1,870 | +5.0% |
| Other amounts receivable | 41 | €2,690 | €713 | -€1,977 | -73.5% |
| Cash at bank and in hand | 54/58 | €5,143 | €7,056 | +€1,913 | +37.2% |
| Total equity and liabilities | 10/49 | €765,715 | €723,271 | -€42,445 | -5.5% |
| Equity | 10/15 | €95,424 | €98,684 | +€3,260 | +3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,164 | €84,424 | +€3,260 | +4.0% |
| Amounts payable | 17/49 | €670,291 | €624,587 | -€45,705 | -6.8% |
| Amounts payable after more than one year | 17 | €447,729 | €414,000 | -€33,729 | -7.5% |
| Financial debts | 170/4 | €447,729 | €414,000 | -€33,729 | -7.5% |
| Amounts payable within one year | 42/48 | €216,424 | €210,586 | -€5,838 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €43,044 | €33,729 | -€9,315 | -21.6% |
| Financial debts | 43 | €1,859 | €0 | -€1,859 | -100% |
| Credit institutions | 430/8 | €1,859 | €0 | -€1,859 | -100% |
| Trade debts | 44 | €31 | €2,666 | +€2,635 | +8,601% |
| Suppliers | 440/4 | €31 | €2,666 | +€2,635 | +8,601% |
| Taxes, remuneration and social security | 45 | €2,578 | €12,316 | +€9,738 | +378% |
| Taxes | 450/3 | - | €2,155 | +€2,155 | |
| Remuneration and social security | 454/9 | €2,578 | €10,162 | +€7,583 | +294% |
| Other amounts payable | 47/48 | €168,912 | €161,876 | -€7,036 | -4.2% |
| Accrued charges and deferred income | 492/3 | €6,138 | - | -€6,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,199 | €44,251 | +€2,052 | +4.9% |
| Other operating charges | 640/8 | €1,961 | €1,813 | -€148 | -7.6% |
| Gross operating margin | 9900 | €68,384 | €60,369 | -€8,015 | -11.7% |
| Operating profit (loss) | 9901 | €24,224 | €14,306 | -€9,919 | -40.9% |
| Financial income | 75/76B | €37 | €3 | -€34 | -92.9% |
| Recurring financial income | 75 | €37 | €3 | -€34 | -92.9% |
| Financial charges | 65/66B | €11,749 | €9,867 | -€1,882 | -16.0% |
| Recurring financial charges | 65 | €11,749 | €9,867 | -€1,882 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €12,513 | €4,441 | -€8,071 | -64.5% |
| Income taxes | 67/77 | €2,810 | €1,181 | -€1,629 | -58.0% |
| Profit (loss) for the period | 9904 | €9,702 | €3,260 | -€6,442 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,702 | €3,260 | -€6,442 | -66.4% |
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 19 October 2026 via checked.be.