Grenzeloos: 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.
Grenzeloos
Largest movements
- Tangible fixed assets -€28,794
down €28,794 (-67.4%), from €42,717 to €13,923
of which Furniture and vehicles: -€27,731
- Receivables within one year -€28,605
down €28,605 (-66.6%), from €42,960 to €14,354
of which Trade receivables: -€28,576
- Cash -€24,549
down €24,549 (-98.6%), from €24,909 to €360
mainly Net result for the year (-€53,223) and Advances received (-€23,259)
- Intangible fixed assets -€6,000
down €6,000 (-10.6%), from €56,722 to €50,722
- Financial fixed assets +€5,200
up €5,200 (+17333.3%), from €30 to €5,230
- Profit (loss) carried forward -€53,223
down €53,223 (-59.1%), from -€90,090 to -€143,313
- Advances received -€23,259
down €23,259 (-89.0%), from €26,131 to €2,872
- Trade debts -€11,458
down €11,458 (-30.9%), from €37,110 to €25,652
- Other debts +€7,280
up €7,280 (+79.9%), from €9,107 to €16,387
- Short-term financial debts +€4,623
new in 2025: €4,623
- Staff costs +€28,129
up €28,129 (+159.8%), from €17,600 to €45,728
- Gross operating margin +€23,905
up €23,905, from -€10,444 to €13,460
- Other operating charges +€9,001
up €9,001 (+1056.6%), from €852 to €9,853
- Depreciation +€2,858
up €2,858 (+68.0%), from €4,205 to €7,063
- Financial charges +€1,324
up €1,324 (+48.4%), from €2,735 to €4,059
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.
Cash bridge derived
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 | €178,521 | €97,901 | -€80,620 | -45.2% |
| Fixed assets | 21/28 | €99,470 | €69,876 | -€29,594 | -29.8% |
| Intangible fixed assets | 21 | €56,722 | €50,722 | -€6,000 | -10.6% |
| Tangible fixed assets | 22/27 | €42,717 | €13,923 | -€28,794 | -67.4% |
| Land and buildings | 22 | €10,288 | €9,885 | -€402 | -3.9% |
| Plant, machinery and equipment | 23 | €4,698 | €4,038 | -€660 | -14.1% |
| Furniture and vehicles | 24 | €27,731 | €0 | -€27,731 | -100.0% |
| Financial fixed assets | 28 | €30 | €5,230 | +€5,200 | +17333.3% |
| Current assets | 29/58 | €79,051 | €28,025 | -€51,026 | -64.5% |
| Stocks and contracts in progress | 3 | €10,186 | €13,311 | +€3,125 | +30.7% |
| Stocks | 30/36 | €10,186 | €13,311 | +€3,125 | +30.7% |
| Amounts receivable within one year | 40/41 | €42,960 | €14,354 | -€28,605 | -66.6% |
| Trade receivables | 40 | €42,930 | €14,354 | -€28,576 | -66.6% |
| Other amounts receivable | 41 | €29 | €0 | -€29 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,909 | €360 | -€24,549 | -98.6% |
| Deferred charges and accrued income | 490/1 | €997 | €0 | -€997 | -100.0% |
| Total equity and liabilities | 10/49 | €178,521 | €97,901 | -€80,620 | -45.2% |
| Equity | 10/15 | €4,614 | -€48,609 | -€53,223 | |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €88,380 | €88,380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €88,380 | €88,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,090 | -€143,313 | -€53,223 | -59.1% |
| Amounts payable | 17/49 | €173,907 | €146,510 | -€27,397 | -15.8% |
| Amounts payable after more than one year | 17 | €73,332 | €69,678 | -€3,655 | -5.0% |
| Financial debts | 170/4 | €73,332 | €69,678 | -€3,655 | -5.0% |
| Amounts payable within one year | 42/48 | €100,574 | €76,832 | -€23,742 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €16,865 | €19,203 | +€2,338 | +13.9% |
| Financial debts | 43 | - | €4,623 | +€4,623 | |
| Credit institutions | 430/8 | - | €4,623 | +€4,623 | |
| Trade debts | 44 | €37,110 | €25,652 | -€11,458 | -30.9% |
| Suppliers | 440/4 | €37,110 | €25,652 | -€11,458 | -30.9% |
| Advances received on contracts in progress | 46 | €26,131 | €2,872 | -€23,259 | -89.0% |
| Taxes, remuneration and social security | 45 | €11,361 | €8,096 | -€3,265 | -28.7% |
| Taxes | 450/3 | €7,787 | €1,455 | -€6,332 | -81.3% |
| Remuneration and social security | 454/9 | €3,574 | €6,641 | +€3,067 | +85.8% |
| Other amounts payable | 47/48 | €9,107 | €16,387 | +€7,280 | +79.9% |
| Remuneration, social security and pensions | 62 | €17,600 | €45,728 | +€28,129 | +159.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,205 | €7,063 | +€2,858 | +68.0% |
| Other operating charges | 640/8 | €852 | €9,853 | +€9,001 | +1056.6% |
| Gross operating margin | 9900 | -€10,444 | €13,460 | +€23,905 | |
| Operating profit (loss) | 9901 | -€33,101 | -€49,184 | -€16,083 | -48.6% |
| Financial income | 75/76B | €15 | €21 | +€6 | +40.1% |
| Recurring financial income | 75 | €15 | €21 | +€6 | +40.1% |
| Financial charges | 65/66B | €2,735 | €4,059 | +€1,324 | +48.4% |
| Recurring financial charges | 65 | €2,735 | €4,059 | +€1,324 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,822 | -€53,223 | -€17,401 | -48.6% |
| Income taxes | 67/77 | €395 | €0 | -€395 | -100.0% |
| Profit (loss) for the period | 9904 | -€36,217 | -€53,223 | -€17,006 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,217 | -€53,223 | -€17,006 | -47.0% |
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 9 October 2026 via checked.be.