GRENZLAND WALZEN: 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.
GRENZLAND WALZEN
Largest movements
- Receivables within one year +€61,259
up €61,259 (+31.1%), from €196,972 to €258,231
of which Trade receivables: +€54,737
- Cash -€47,974
down €47,974 (-55.1%), from €86,999 to €39,025
mainly Receivables within one year (-€61,259) and Tax, wage and social debts (-€19,690)
- Deferred charges and accrued income -€6,440
no longer reported in 2025 (was €6,440)
- Reserves +€30,000
up €30,000 (+1,614%), from €1,859 to €31,859
- Tax, wage and social debts -€19,690
down €19,690 (-54.7%), from €35,978 to €16,288
- Trade debts -€7,396
down €7,396 (-94.9%), from €7,796 to €400
- Profit (loss) carried forward +€3,440
up €3,440 (+1.5%), from €225,779 to €229,219
- Gross operating margin -€80,485
down €80,485 (-61.4%), from €131,016 to €50,531
- Taxes -€19,215
down €19,215 (-54.1%), from €35,503 to €16,288
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 | €290,411 | €297,257 | +€6,845 | +2.4% |
| Current assets | 29/58 | €290,411 | €297,257 | +€6,845 | +2.4% |
| Amounts receivable within one year | 40/41 | €196,972 | €258,231 | +€61,259 | +31.1% |
| Trade receivables | 40 | €191,800 | €246,537 | +€54,737 | +28.5% |
| Other amounts receivable | 41 | €5,172 | €11,695 | +€6,522 | +126% |
| Cash at bank and in hand | 54/58 | €86,999 | €39,025 | -€47,974 | -55.1% |
| Deferred charges and accrued income | 490/1 | €6,440 | - | -€6,440 | |
| Total equity and liabilities | 10/49 | €290,411 | €297,257 | +€6,845 | +2.4% |
| Equity | 10/15 | €240,038 | €273,478 | +€33,440 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,859 | €31,859 | +€30,000 | +1,614% |
| Distributable reserves | 133 | €1,859 | €31,859 | +€30,000 | +1,614% |
| Profit (loss) carried forward | 14 | €225,779 | €229,219 | +€3,440 | +1.5% |
| Amounts payable | 17/49 | €50,373 | €23,778 | -€26,595 | -52.8% |
| Amounts payable within one year | 42/48 | €50,373 | €23,778 | -€26,595 | -52.8% |
| Trade debts | 44 | €7,796 | €400 | -€7,396 | -94.9% |
| Suppliers | 440/4 | €7,796 | €400 | -€7,396 | -94.9% |
| Taxes, remuneration and social security | 45 | €35,978 | €16,288 | -€19,690 | -54.7% |
| Taxes | 450/3 | €35,978 | €16,288 | -€19,690 | -54.7% |
| Other amounts payable | 47/48 | €6,600 | €7,090 | +€491 | +7.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €131,016 | €50,531 | -€80,485 | -61.4% |
| Operating profit (loss) | 9901 | €130,629 | €50,131 | -€80,498 | -61.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €344 | €403 | +€59 | +17.2% |
| Recurring financial charges | 65 | €344 | €403 | +€59 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €130,286 | €49,728 | -€80,558 | -61.8% |
| Income taxes | 67/77 | €35,503 | €16,288 | -€19,215 | -54.1% |
| Profit (loss) for the period | 9904 | €94,783 | €33,440 | -€61,343 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,783 | €33,440 | -€61,343 | -64.7% |
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 30 October 2026 via checked.be.