GROBAL: what changed
What changed
GROBAL
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€270,771
2024 · €168,259+€102,512
Equity
€1.3m
2024 · €1.0m+€270,771
Cash
€278,818
2024 · €144,848+€133,971
Balance sheet total
€3.5m
2024 · €2.3m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+81.4%), from €1.5m to €2.7m
of which Assets under construction and advance payments: +€1.4m
- Receivables after one year -€185,000
down €185,000 (-100%), from €185,000 to €0
- Cash +€133,971
up €133,971 (+92.5%), from €144,848 to €278,818
mainly Debts after one year (+€1.2m) and Net result for the year (+€270,771)
- Receivables within one year -€50,370
down €50,370 (-10.3%), from €491,317 to €440,947
of which Other amounts receivable: -€55,360
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+195%), from €618,044 to €1.8m
of which Financial debts: +€907,156
- Profit (loss) carried forward +€270,771
up €270,771 (+63.1%), from €428,812 to €699,583
- Trade debts -€241,722
down €241,722 (-65.3%), from €370,099 to €128,377
- Other debts -€129,743
down €129,743 (-95.2%), from €136,351 to €6,608
Income statement
- Gross operating margin +€110,222
up €110,222 (+13.6%), from €809,104 to €919,326
- Depreciation +€52,646
up €52,646 (+25.5%), from €206,407 to €259,053
- Other operating charges -€50,656
down €50,656 (-86.4%), from €58,602 to €7,946
- Financial income -€15,161
down €15,161 (-84.5%), from €17,949 to €2,788
- Financial charges -€9,676
down €9,676 (-22.2%), from €43,516 to €33,839
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€168,259
Gross operating margin
+€110,222
Staff costs
+€2,364
Depreciation
-€52,646
Other operating charges
+€50,656
Other operating items
-€681
Financial income
-€15,161
Financial charges
+€9,676
Taxes
-€1,919
Result 2025
€270,771
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€400,204
Investment
-€1.5m
Financing
+€1.2m
Cash 2024
€144,848
From operations (derived)
+€400,204
Net result for the year
+€270,771
Depreciation
+€259,053
Receivables after one year
+€185,000
Stocks and contracts
+€3,964
Receivables within one year
+€50,370
Deferred charges and accrued income
-€303
Trade debts
-€241,722
Tax, wage and social debts
+€22,040
Other debts
-€129,743
Accrued charges and deferred income
-€19,226
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€1.2m
Debts after one year
+€1.2m
Current portion of long-term debt
-€407
Cash 2025
€278,818
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,348,876 | €3,457,745 | +€1.1m | +47.2% |
| Fixed assets | 21/28 | €1,491,399 | €2,705,329 | +€1.2m | +81.4% |
| Tangible fixed assets | 22/27 | €1,491,399 | €2,705,329 | +€1.2m | +81.4% |
| Land and buildings | 22 | €560,000 | €560,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €330,338 | €273,761 | -€56,578 | -17.1% |
| Furniture and vehicles | 24 | €376,724 | €300,907 | -€75,817 | -20.1% |
| Leasing and similar rights | 25 | €224,337 | €216,212 | -€8,125 | -3.6% |
| Assets under construction and advance payments | 27 | - | €1,354,450 | +€1.4m | |
| Current assets | 29/58 | €857,477 | €752,416 | -€105,061 | -12.3% |
| Amounts receivable after more than one year | 29 | €185,000 | €0 | -€185,000 | -100% |
| Other amounts receivable | 291 | €185,000 | €0 | -€185,000 | -100% |
| Stocks and contracts in progress | 3 | €20,722 | €16,757 | -€3,964 | -19.1% |
| Stocks | 30/36 | €20,722 | €16,757 | -€3,964 | -19.1% |
| Amounts receivable within one year | 40/41 | €491,317 | €440,947 | -€50,370 | -10.3% |
| Trade receivables | 40 | €410,833 | €415,823 | +€4,990 | +1.2% |
| Other amounts receivable | 41 | €80,484 | €25,124 | -€55,360 | -68.8% |
| Cash at bank and in hand | 54/58 | €144,848 | €278,818 | +€133,971 | +92.5% |
| Deferred charges and accrued income | 490/1 | €15,591 | €15,893 | +€303 | +1.9% |
| Total equity and liabilities | 10/49 | €2,348,876 | €3,457,745 | +€1.1m | +47.2% |
| Equity | 10/15 | €1,010,004 | €1,280,774 | +€270,771 | +26.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €531,191 | €531,191 | = | 0.0% |
| Distributable reserves | 133 | €531,191 | €531,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | €428,812 | €699,583 | +€270,771 | +63.1% |
| Amounts payable | 17/49 | €1,338,872 | €2,176,970 | +€838,098 | +62.6% |
| Amounts payable after more than one year | 17 | €618,044 | €1,825,200 | +€1.2m | +195% |
| Financial debts | 170/4 | €618,044 | €1,525,200 | +€907,156 | +147% |
| Other amounts payable | 178/9 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €701,103 | €351,270 | -€349,832 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €173,359 | €172,952 | -€407 | -0.2% |
| Trade debts | 44 | €370,099 | €128,377 | -€241,722 | -65.3% |
| Suppliers | 440/4 | €370,099 | €128,377 | -€241,722 | -65.3% |
| Taxes, remuneration and social security | 45 | €21,294 | €43,334 | +€22,040 | +104% |
| Taxes | 450/3 | €15,902 | €38,672 | +€22,770 | +143% |
| Remuneration and social security | 454/9 | €5,392 | €4,662 | -€730 | -13.5% |
| Other amounts payable | 47/48 | €136,351 | €6,608 | -€129,743 | -95.2% |
| Accrued charges and deferred income | 492/3 | €19,726 | €500 | -€19,226 | -97.5% |
| Remuneration, social security and pensions | 62 | €301,220 | €298,856 | -€2,364 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,407 | €259,053 | +€52,646 | +25.5% |
| Other operating charges | 640/8 | €58,602 | €7,946 | -€50,656 | -86.4% |
| Non-recurring operating charges | 66A | €1,250 | €1,931 | +€681 | +54.4% |
| Gross operating margin | 9900 | €809,104 | €919,326 | +€110,222 | +13.6% |
| Operating profit (loss) | 9901 | €241,625 | €351,541 | +€109,916 | +45.5% |
| Financial income | 75/76B | €17,949 | €2,788 | -€15,161 | -84.5% |
| Recurring financial income | 75 | €17,949 | €2,788 | -€15,161 | -84.5% |
| Financial charges | 65/66B | €43,516 | €33,839 | -€9,676 | -22.2% |
| Recurring financial charges | 65 | €43,516 | €33,839 | -€9,676 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €216,059 | €320,490 | +€104,432 | +48.3% |
| Income taxes | 67/77 | €47,800 | €49,720 | +€1,919 | +4.0% |
| Profit (loss) for the period | 9904 | €168,259 | €270,771 | +€102,512 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,259 | €270,771 | +€102,512 | +60.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.