GROEND: 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.
GROEND
Largest movements
- Receivables within one year +€256,587
up €256,587 (+108.6%), from €236,163 to €492,750
of which Other amounts receivable: +€257,750
- Stocks and contracts -€241,743
down €241,743 (-34.1%), from €709,856 to €468,113
- Cash -€87,075
down €87,075 (-98.1%), from €88,796 to €1,722
mainly Receivables within one year (-€256,587) and Other debts (-€70,000)
- Other debts -€70,000
down €70,000 (-9.6%), from €730,000 to €660,000
- Gross operating margin -€34,012
down €34,012 (-58.4%), from €58,286 to €24,273
- Taxes -€7,670
down €7,670 (-67.9%), from €11,304 to €3,634
- Financial charges -€2,177
down €2,177 (-17.5%), from €12,436 to €10,259
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.
Cash bridge derived
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 | €1,034,816 | €962,585 | -€72,231 | -7.0% |
| Current assets | 29/58 | €1,034,816 | €962,585 | -€72,231 | -7.0% |
| Stocks and contracts in progress | 3 | €709,856 | €468,113 | -€241,743 | -34.1% |
| Stocks | 30/36 | €709,856 | €468,113 | -€241,743 | -34.1% |
| Amounts receivable within one year | 40/41 | €236,163 | €492,750 | +€256,587 | +108.6% |
| Trade receivables | 40 | €1,163 | €0 | -€1,163 | -100.0% |
| Other amounts receivable | 41 | €235,000 | €492,750 | +€257,750 | +109.7% |
| Cash at bank and in hand | 54/58 | €88,796 | €1,722 | -€87,075 | -98.1% |
| Total equity and liabilities | 10/49 | €1,034,816 | €962,585 | -€72,231 | -7.0% |
| Equity | 10/15 | €288,037 | €297,738 | +€9,701 | +3.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €88,037 | €97,738 | +€9,701 | +11.0% |
| Distributable reserves | 133 | €88,037 | €97,738 | +€9,701 | +11.0% |
| Amounts payable | 17/49 | €746,779 | €664,847 | -€81,932 | -11.0% |
| Amounts payable within one year | 42/48 | €741,304 | €664,847 | -€76,457 | -10.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €1,213 | +€1,213 | |
| Suppliers | 440/4 | €0 | €1,213 | +€1,213 | |
| Taxes, remuneration and social security | 45 | €11,304 | €3,634 | -€7,670 | -67.9% |
| Taxes | 450/3 | €11,304 | €3,634 | -€7,670 | -67.9% |
| Other amounts payable | 47/48 | €730,000 | €660,000 | -€70,000 | -9.6% |
| Accrued charges and deferred income | 492/3 | €5,475 | €0 | -€5,475 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €633 | €680 | +€47 | +7.4% |
| Gross operating margin | 9900 | €58,286 | €24,273 | -€34,012 | -58.4% |
| Operating profit (loss) | 9901 | €57,652 | €23,593 | -€34,059 | -59.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,436 | €10,259 | -€2,177 | -17.5% |
| Recurring financial charges | 65 | €12,436 | €10,259 | -€2,177 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €45,216 | €13,334 | -€31,882 | -70.5% |
| Income taxes | 67/77 | €11,304 | €3,634 | -€7,670 | -67.9% |
| Profit (loss) for the period | 9904 | €33,912 | €9,701 | -€24,211 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,912 | €9,701 | -€24,211 | -71.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.