GRODEVAN: what changed
Two fiscal 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.
What changed
GRODEVAN
NACE 42.110, Construction of roads and motorways
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€99,431
2023 · -€36,863-€62,568
Equity
€1.1m
2023 · €1.2m-€99,431
Cash
€4,268
2023 · €12,717-€8,449
Balance sheet total
€1.6m
2023 · €1.5m+€186,001
Largest movements
Assets
- Tangible fixed assets +€195,067
up €195,067 (+14.0%), from €1.4m to €1.6m
of which Land and buildings: +€226,511
Equity and liabilities
- Other debts +€314,000
new in 2024: €314,000
- Profit (loss) carried forward -€99,431
down €99,431 (-20.9%), from -€476,732 to -€576,163
- Debts after one year -€27,200
down €27,200 (-13.5%), from €202,027 to €174,827
Income statement
- Gross operating margin -€32,363
down €32,363 (-299.0%), from -€10,825 to -€43,187
- Depreciation +€28,692
up €28,692 (+264.7%), from €10,841 to €39,533
- Provisions +€1,903
up €1,903 (+83.8%), from -€2,271 to -€369
- Other operating charges +€1,038
up €1,038 (+7.0%), from €14,825 to €15,863
- Financial income +€936
up €936 (+257.0%), from €364 to €1,300
From the 2023 result to the 2024 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.
Result 2023
-€36,863
Gross operating margin
-€32,363
Depreciation
-€28,692
Provisions
-€1,903
Other operating charges
-€1,038
Financial income
+€936
Financial charges
+€491
Result 2024
-€99,431
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€253,351
Investment
-€234,600
Financing
-€27,200
Cash 2023
€12,717
From operations (derived)
+€253,351
Net result for the year
-€99,431
Depreciation
+€39,533
Smaller working-capital items
+€248
Trade debts
-€999
Other debts
+€314,000
Investment (derived)
-€234,600
Investment in fixed assets (net)
-€234,600
Financing
-€27,200
Debts after one year
-€27,200
Cash 2024
€4,268
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,450,049 | €1,636,050 | +€186,001 | +12.8% |
| Fixed assets | 21/28 | €1,432,452 | €1,627,519 | +€195,067 | +13.6% |
| Tangible fixed assets | 22/27 | €1,397,712 | €1,592,779 | +€195,067 | +14.0% |
| Land and buildings | 22 | €1,360,594 | €1,587,105 | +€226,511 | +16.6% |
| Furniture and vehicles | 24 | €150 | €0 | -€150 | -100.0% |
| Other tangible fixed assets | 26 | €13,969 | €5,674 | -€8,294 | -59.4% |
| Assets under construction and advance payments | 27 | €23,000 | €0 | -€23,000 | -100.0% |
| Financial fixed assets | 28 | €34,740 | €34,740 | = | 0.0% |
| Current assets | 29/58 | €17,596 | €8,531 | -€9,066 | -51.5% |
| Amounts receivable within one year | 40/41 | €4,475 | €3,822 | -€653 | -14.6% |
| Trade receivables | 40 | €2,188 | €1,162 | -€1,026 | -46.9% |
| Other amounts receivable | 41 | €2,286 | €2,659 | +€373 | +16.3% |
| Cash at bank and in hand | 54/58 | €12,717 | €4,268 | -€8,449 | -66.4% |
| Deferred charges and accrued income | 490/1 | €404 | €441 | +€36 | +9.0% |
| Total equity and liabilities | 10/49 | €1,450,049 | €1,636,050 | +€186,001 | +12.8% |
| Equity | 10/15 | €1,244,770 | €1,145,339 | -€99,431 | -8.0% |
| Contributions | 10/11 | €560,000 | €560,000 | = | 0.0% |
| Capital | 10 | €560,000 | €560,000 | = | 0.0% |
| Issued capital | 100 | €560,000 | €560,000 | = | 0.0% |
| Revaluation surpluses | 12 | €990,205 | €990,205 | = | 0.0% |
| Reserves | 13 | €171,297 | €171,297 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,184 | €86,184 | = | 0.0% |
| Legal reserve | 130 | €36,605 | €36,605 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,579 | €49,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €85,113 | €85,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€476,732 | -€576,163 | -€99,431 | -20.9% |
| Provisions and deferred taxes | 16 | €882 | €513 | -€369 | -41.8% |
| Provisions for liabilities and charges | 160/5 | €882 | €513 | -€369 | -41.8% |
| Major repairs and maintenance | 162 | €882 | €513 | -€369 | -41.8% |
| Amounts payable | 17/49 | €204,397 | €490,197 | +€285,801 | +139.8% |
| Amounts payable after more than one year | 17 | €202,027 | €174,827 | -€27,200 | -13.5% |
| Other amounts payable | 178/9 | €202,027 | €174,827 | -€27,200 | -13.5% |
| Amounts payable within one year | 42/48 | €2,369 | €315,370 | +€313,001 | +13210.9% |
| Trade debts | 44 | €2,369 | €1,370 | -€999 | -42.2% |
| Suppliers | 440/4 | €2,369 | €1,370 | -€999 | -42.2% |
| Other amounts payable | 47/48 | - | €314,000 | +€314,000 | |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,841 | €39,533 | +€28,692 | +264.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,271 | -€369 | +€1,903 | +83.8% |
| Other operating charges | 640/8 | €14,825 | €15,863 | +€1,038 | +7.0% |
| Gross operating margin | 9900 | -€10,825 | -€43,187 | -€32,363 | -299.0% |
| Operating profit (loss) | 9901 | -€34,219 | -€98,215 | -€63,995 | -187.0% |
| Financial income | 75/76B | €364 | €1,300 | +€936 | +257.0% |
| Recurring financial income | 75 | €364 | €1,300 | +€936 | +257.0% |
| Financial charges | 65/66B | €3,008 | €2,517 | -€491 | -16.3% |
| Recurring financial charges | 65 | €3,008 | €2,517 | -€491 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,863 | -€99,431 | -€62,568 | -169.7% |
| Profit (loss) for the period | 9904 | -€36,863 | -€99,431 | -€62,568 | -169.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,863 | -€99,431 | -€62,568 | -169.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.