Grobat: what changed
What changed
Grobat
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€33,676
2024 · -€24+€33,700
Equity
€79,675
2024 · €59,612+€20,063
Cash
€58,482
2024 · €54,832+€3,650
Balance sheet total
€366,928
2024 · €359,074+€7,855
Largest movements
Assets
- Tangible fixed assets -€18,283
down €18,283 (-7.5%), from €242,407 to €224,124
of which Leasing and similar rights: -€64,537
- Receivables within one year +€14,020
up €14,020 (+23.5%), from €59,648 to €73,667
of which Trade receivables: +€18,328
- Stocks and contracts +€9,197
new in 2025: €9,197
Equity and liabilities
- Current portion of long-term debt -€21,388
down €21,388 (-30.6%), from €69,937 to €48,549
- Debts after one year -€16,109
down €16,109 (-8.7%), from €185,652 to €169,543
- Reserves +€16,063
up €16,063 (+118%), from €13,612 to €29,675
- Trade debts +€13,302
up €13,302 (+105%), from €12,702 to €26,004
- Other debts +€10,437
up €10,437 (+37.8%), from €27,638 to €38,075
Income statement
- Gross operating margin +€47,465
up €47,465 (+42.2%), from €112,353 to €159,818
- Depreciation +€13,783
up €13,783 (+14.8%), from €92,924 to €106,708
- Taxes +€2,968
new in 2025: €2,968
- Write-downs +€1,749
new in 2025: €1,749
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
-€24
Gross operating margin
+€47,465
Staff costs
+€163
Depreciation
-€13,783
Write-downs
-€1,749
Other operating charges
+€913
Other operating items
+€4,000
Financial income
-€220
Financial charges
-€122
Taxes
-€2,968
Result 2025
€33,676
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
+€143,183
Investment
-€88,425
Financing
-€51,108
Cash 2024
€54,832
From operations (derived)
+€143,183
Net result for the year
+€33,676
Depreciation
+€106,708
Stocks and contracts
-€9,197
Receivables within one year
-€14,020
Deferred charges and accrued income
+€729
Trade debts
+€13,302
Tax, wage and social debts
+€1,548
Other debts
+€10,437
Investment (derived)
-€88,425
Investment in fixed assets (net)
-€88,425
Financing
-€51,108
Debts after one year
-€16,109
Current portion of long-term debt
-€21,388
Contributions, distributions and other
-€13,612
Cash 2025
€58,482
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,074 | €366,928 | +€7,855 | +2.2% |
| Fixed assets | 21/28 | €242,542 | €224,259 | -€18,283 | -7.5% |
| Tangible fixed assets | 22/27 | €242,407 | €224,124 | -€18,283 | -7.5% |
| Plant, machinery and equipment | 23 | €34,679 | €97,496 | +€62,817 | +181% |
| Furniture and vehicles | 24 | €40,149 | €23,586 | -€16,563 | -41.3% |
| Leasing and similar rights | 25 | €167,579 | €103,042 | -€64,537 | -38.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €116,532 | €142,669 | +€26,137 | +22.4% |
| Stocks and contracts in progress | 3 | - | €9,197 | +€9,197 | |
| Stocks | 30/36 | - | €9,197 | +€9,197 | |
| Amounts receivable within one year | 40/41 | €59,648 | €73,667 | +€14,020 | +23.5% |
| Trade receivables | 40 | €55,340 | €73,667 | +€18,328 | +33.1% |
| Other amounts receivable | 41 | €4,308 | €0 | -€4,308 | -100% |
| Cash at bank and in hand | 54/58 | €54,832 | €58,482 | +€3,650 | +6.7% |
| Deferred charges and accrued income | 490/1 | €2,052 | €1,323 | -€729 | -35.5% |
| Total equity and liabilities | 10/49 | €359,074 | €366,928 | +€7,855 | +2.2% |
| Equity | 10/15 | €59,612 | €79,675 | +€20,063 | +33.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €13,612 | €29,675 | +€16,063 | +118% |
| Distributable reserves | 133 | €13,612 | €29,675 | +€16,063 | +118% |
| Profit (loss) carried forward | 14 | -€4,000 | €0 | +€4,000 | |
| Amounts payable | 17/49 | €299,462 | €287,253 | -€12,209 | -4.1% |
| Amounts payable after more than one year | 17 | €185,652 | €169,543 | -€16,109 | -8.7% |
| Financial debts | 170/4 | €185,652 | €169,543 | -€16,109 | -8.7% |
| Amounts payable within one year | 42/48 | €112,235 | €116,135 | +€3,900 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €69,937 | €48,549 | -€21,388 | -30.6% |
| Trade debts | 44 | €12,702 | €26,004 | +€13,302 | +105% |
| Suppliers | 440/4 | €12,702 | €26,004 | +€13,302 | +105% |
| Taxes, remuneration and social security | 45 | €1,958 | €3,506 | +€1,548 | +79.1% |
| Taxes | 450/3 | €1,958 | €3,506 | +€1,548 | +79.1% |
| Other amounts payable | 47/48 | €27,638 | €38,075 | +€10,437 | +37.8% |
| Accrued charges and deferred income | 492/3 | €1,575 | €1,575 | = | 0.0% |
| Non-recurring operating income | 76A | €3,636 | €0 | -€3,636 | -100% |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,924 | €106,708 | +€13,783 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,749 | +€1,749 | |
| Other operating charges | 640/8 | €6,229 | €5,316 | -€913 | -14.7% |
| Non-recurring operating charges | 66A | €4,000 | €0 | -€4,000 | -100% |
| Gross operating margin | 9900 | €112,353 | €159,818 | +€47,465 | +42.2% |
| Operating profit (loss) | 9901 | €9,036 | €46,046 | +€37,010 | +410% |
| Financial income | 75/76B | €421 | €201 | -€220 | -52.2% |
| Recurring financial income | 75 | €421 | €201 | -€220 | -52.2% |
| Financial charges | 65/66B | €9,481 | €9,604 | +€122 | +1.3% |
| Recurring financial charges | 65 | €9,481 | €9,604 | +€122 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€24 | €36,643 | +€36,667 | |
| Income taxes | 67/77 | - | €2,968 | +€2,968 | |
| Profit (loss) for the period | 9904 | -€24 | €33,676 | +€33,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24 | €33,676 | +€33,700 |
Next steps
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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 7 November 2026 via checked.be.