GRENSON PISCINES CONSTRUCTION: 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.
GRENSON PISCINES CONSTRUCTION
Largest movements
- Cash +€85,336
up €85,336 (+22.6%), from €377,934 to €463,270
mainly Other debts (+€119,032) and Depreciation (+€51,358)
- Tangible fixed assets -€35,988
down €35,988 (-9.4%), from €383,156 to €347,167
of which Furniture and vehicles: -€18,278
- Reserves -€150,000
down €150,000 (-17.0%), from €881,860 to €731,860
of which Distributable reserves: -€150,000
- Other debts +€119,032
up €119,032 (+126%), from €94,842 to €213,874
- Trade debts +€49,908
up €49,908 (+39.3%), from €126,927 to €176,834
- Profit (loss) carried forward +€45,669
up €45,669 (+35.6%), from €128,329 to €173,998
- Tax, wage and social debts +€17,286
up €17,286 (+16.5%), from €104,893 to €122,179
of which Taxes: +€11,971
- Gross operating margin -€121,011
down €121,011 (-29.9%), from €404,732 to €283,722
- Taxes -€37,735
down €37,735 (-73.6%), from €51,294 to €13,559
- Staff costs +€37,624
up €37,624 (+29.9%), from €125,957 to €163,580
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 | €1,576,518 | €1,635,982 | +€59,464 | +3.8% |
| Fixed assets | 21/28 | €383,254 | €347,266 | -€35,988 | -9.4% |
| Tangible fixed assets | 22/27 | €383,156 | €347,167 | -€35,988 | -9.4% |
| Land and buildings | 22 | €272,289 | €257,815 | -€14,474 | -5.3% |
| Plant, machinery and equipment | 23 | €79,944 | €76,708 | -€3,236 | -4.0% |
| Furniture and vehicles | 24 | €30,923 | €12,645 | -€18,278 | -59.1% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €1,193,263 | €1,288,716 | +€95,453 | +8.0% |
| Amounts receivable within one year | 40/41 | €809,821 | €821,232 | +€11,411 | +1.4% |
| Trade receivables | 40 | €806,808 | €818,711 | +€11,903 | +1.5% |
| Other amounts receivable | 41 | €3,013 | €2,520 | -€493 | -16.4% |
| Cash at bank and in hand | 54/58 | €377,934 | €463,270 | +€85,336 | +22.6% |
| Deferred charges and accrued income | 490/1 | €5,508 | €4,215 | -€1,294 | -23.5% |
| Total equity and liabilities | 10/49 | €1,576,518 | €1,635,982 | +€59,464 | +3.8% |
| Equity | 10/15 | €1,028,789 | €924,458 | -€104,331 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €881,860 | €731,860 | -€150,000 | -17.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €881,860 | €731,860 | -€150,000 | -17.0% |
| Profit (loss) carried forward | 14 | €128,329 | €173,998 | +€45,669 | +35.6% |
| Amounts payable | 17/49 | €547,729 | €711,524 | +€163,795 | +29.9% |
| Amounts payable after more than one year | 17 | €198,637 | €182,842 | -€15,796 | -8.0% |
| Financial debts | 170/4 | €198,637 | €182,842 | -€15,796 | -8.0% |
| Amounts payable within one year | 42/48 | €347,691 | €528,682 | +€180,991 | +52.1% |
| Current portion of amounts payable after more than one year | 42 | €21,030 | €15,796 | -€5,235 | -24.9% |
| Trade debts | 44 | €126,927 | €176,834 | +€49,908 | +39.3% |
| Suppliers | 440/4 | €126,927 | €176,834 | +€49,908 | +39.3% |
| Taxes, remuneration and social security | 45 | €104,893 | €122,179 | +€17,286 | +16.5% |
| Taxes | 450/3 | €90,382 | €102,353 | +€11,971 | +13.2% |
| Remuneration and social security | 454/9 | €14,511 | €19,826 | +€5,314 | +36.6% |
| Other amounts payable | 47/48 | €94,842 | €213,874 | +€119,032 | +126% |
| Accrued charges and deferred income | 492/3 | €1,400 | €0 | -€1,400 | -100% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | €366 | €2,890 | +€2,524 | +690% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €125,957 | €163,580 | +€37,624 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,212 | €51,358 | -€2,853 | -5.3% |
| Other operating charges | 640/8 | €3,252 | €2,113 | -€1,139 | -35.0% |
| Non-recurring operating charges | 66A | €22 | €1,805 | +€1,783 | +8,055% |
| Gross operating margin | 9900 | €404,732 | €283,722 | -€121,011 | -29.9% |
| Operating profit (loss) | 9901 | €221,290 | €64,866 | -€156,425 | -70.7% |
| Financial income | 75/76B | €453 | €872 | +€419 | +92.5% |
| Recurring financial income | 75 | €453 | €872 | +€419 | +92.5% |
| Financial charges | 65/66B | €7,429 | €6,510 | -€919 | -12.4% |
| Recurring financial charges | 65 | €7,429 | €6,510 | -€919 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €214,314 | €59,228 | -€155,086 | -72.4% |
| Income taxes | 67/77 | €51,294 | €13,559 | -€37,735 | -73.6% |
| Profit (loss) for the period | 9904 | €163,021 | €45,669 | -€117,351 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €163,021 | €45,669 | -€117,351 | -72.0% |
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 24 October 2026 via checked.be.