Grenzmarkt-Nellessen: 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.
Grenzmarkt-Nellessen
Largest movements
- Tangible fixed assets -€946,361
down €946,361 (-35.7%), from €2.7m to €1.7m
of which Land and buildings: -€902,533
- Stocks and contracts +€88,565
up €88,565 (+33.2%), from €266,979 to €355,544
- Receivables within one year -€74,009
down €74,009 (-91.7%), from €80,730 to €6,721
of which Trade receivables: -€66,321
- Receivables after one year -€60,000
down €60,000 (-54.5%), from €110,000 to €50,000
- Cash +€41,308
up €41,308 (+23.3%), from €177,665 to €218,973
mainly Investment in fixed assets (net) (+€562,701) and Depreciation (+€383,323)
- Profit (loss) carried forward -€668,646
down €668,646 (-71.0%), from €942,256 to €273,610
- Debts after one year -€257,875
down €257,875 (-15.1%), from €1.7m to €1.4m
of which Other amounts payable: -€150,000
- Contributions -€142,793
down €142,793 (-58.3%), from €245,000 to €102,207
- Trade debts +€136,279
up €136,279 (+317%), from €43,004 to €179,282
- Depreciation +€199,151
up €199,151 (+108%), from €184,172 to €383,323
- Taxes -€54,550
down €54,550 (-94.2%), from €57,928 to €3,378
- Staff costs +€7,524
up €7,524 (+5.3%), from €141,651 to €149,175
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 | €3,295,726 | €2,345,882 | -€949,843 | -28.8% |
| Fixed assets | 21/28 | €2,656,630 | €1,710,606 | -€946,024 | -35.6% |
| Tangible fixed assets | 22/27 | €2,653,323 | €1,706,961 | -€946,361 | -35.7% |
| Land and buildings | 22 | €2,482,638 | €1,580,105 | -€902,533 | -36.4% |
| Plant, machinery and equipment | 23 | €136,524 | €119,293 | -€17,231 | -12.6% |
| Furniture and vehicles | 24 | €34,160 | €7,564 | -€26,596 | -77.9% |
| Financial fixed assets | 28 | €3,308 | €3,645 | +€338 | +10.2% |
| Current assets | 29/58 | €639,096 | €635,276 | -€3,820 | -0.6% |
| Amounts receivable after more than one year | 29 | €110,000 | €50,000 | -€60,000 | -54.5% |
| Other amounts receivable | 291 | €110,000 | €50,000 | -€60,000 | -54.5% |
| Stocks and contracts in progress | 3 | €266,979 | €355,544 | +€88,565 | +33.2% |
| Stocks | 30/36 | €266,979 | €355,544 | +€88,565 | +33.2% |
| Amounts receivable within one year | 40/41 | €80,730 | €6,721 | -€74,009 | -91.7% |
| Trade receivables | 40 | €67,467 | €1,145 | -€66,321 | -98.3% |
| Other amounts receivable | 41 | €13,263 | €5,575 | -€7,688 | -58.0% |
| Cash at bank and in hand | 54/58 | €177,665 | €218,973 | +€41,308 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,722 | €4,038 | +€316 | +8.5% |
| Total equity and liabilities | 10/49 | €3,295,726 | €2,345,882 | -€949,843 | -28.8% |
| Equity | 10/15 | €1,213,790 | €386,886 | -€826,904 | -68.1% |
| Contributions | 10/11 | €245,000 | €102,207 | -€142,793 | -58.3% |
| Reserves | 13 | €26,533 | €11,069 | -€15,464 | -58.3% |
| Tax-exempt reserves | 132 | €1,743 | €727 | -€1,016 | -58.3% |
| Distributable reserves | 133 | €24,790 | €10,342 | -€14,448 | -58.3% |
| Profit (loss) carried forward | 14 | €942,256 | €273,610 | -€668,646 | -71.0% |
| Amounts payable | 17/49 | €2,081,936 | €1,958,996 | -€122,940 | -5.9% |
| Amounts payable after more than one year | 17 | €1,704,867 | €1,446,992 | -€257,875 | -15.1% |
| Financial debts | 170/4 | €1,554,867 | €1,446,992 | -€107,875 | -6.9% |
| Other amounts payable | 178/9 | €150,000 | - | -€150,000 | |
| Amounts payable within one year | 42/48 | €377,069 | €511,815 | +€134,746 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €117,018 | €107,875 | -€9,143 | -7.8% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Other loans | 439 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €43,004 | €179,282 | +€136,279 | +317% |
| Suppliers | 440/4 | €43,004 | €179,282 | +€136,279 | +317% |
| Taxes, remuneration and social security | 45 | €73,163 | €80,356 | +€7,194 | +9.8% |
| Taxes | 450/3 | €57,101 | €60,479 | +€3,378 | +5.9% |
| Remuneration and social security | 454/9 | €16,061 | €19,877 | +€3,816 | +23.8% |
| Other amounts payable | 47/48 | €18,884 | €19,301 | +€417 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €189 | +€189 | |
| Remuneration, social security and pensions | 62 | €141,651 | €149,175 | +€7,524 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,172 | €383,323 | +€199,151 | +108% |
| Other operating charges | 640/8 | €3,714 | €3,862 | +€148 | +4.0% |
| Non-recurring operating charges | 66A | €1,570 | €1,681 | +€111 | +7.1% |
| Gross operating margin | 9900 | €589,699 | €588,144 | -€1,555 | -0.3% |
| Operating profit (loss) | 9901 | €258,593 | €50,104 | -€208,489 | -80.6% |
| Financial income | 75/76B | - | €165 | +€165 | |
| Recurring financial income | 75 | - | €165 | +€165 | |
| Financial charges | 65/66B | €80,949 | €77,740 | -€3,209 | -4.0% |
| Recurring financial charges | 65 | €80,949 | €77,740 | -€3,209 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €177,644 | -€27,471 | -€205,115 | |
| Income taxes | 67/77 | €57,928 | €3,378 | -€54,550 | -94.2% |
| Profit (loss) for the period | 9904 | €119,716 | -€30,849 | -€150,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €119,716 | -€30,849 | -€150,565 |
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 21 October 2026 via checked.be.