GROND: 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.
GROND
Largest movements
- Stocks and contracts +€124,280
up €124,280 (+71.9%), from €172,864 to €297,145
- Receivables within one year -€3,825
down €3,825 (-100.0%), from €3,825 to €0
- Debts after one year +€130,090
up €130,090 (+74.9%), from €173,653 to €303,744
- Profit (loss) carried forward -€16,909
down €16,909 (-143.4%), from -€11,791 to -€28,700
- Other debts +€6,299
new in 2025: €6,299
- Financial charges +€5,010
up €5,010 (+57.9%), from €8,654 to €13,664
- Other operating charges +€309
up €309 (+63.3%), from €488 to €798
- Gross operating margin +€237
up €237 (+8.8%), from -€2,685 to -€2,448
- Financial income -€36
down €36 (-100.0%), from €36 to €0
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 | €177,226 | €297,202 | +€119,976 | +67.7% |
| Current assets | 29/58 | €177,226 | €297,202 | +€119,976 | +67.7% |
| Stocks and contracts in progress | 3 | €172,864 | €297,145 | +€124,280 | +71.9% |
| Stocks | 30/36 | €172,864 | €297,145 | +€124,280 | +71.9% |
| Amounts receivable within one year | 40/41 | €3,825 | €0 | -€3,825 | -100.0% |
| Other amounts receivable | 41 | €3,825 | €0 | -€3,825 | -100.0% |
| Cash at bank and in hand | 54/58 | €537 | €57 | -€480 | -89.3% |
| Total equity and liabilities | 10/49 | €177,226 | €297,202 | +€119,976 | +67.7% |
| Equity | 10/15 | €3,209 | -€13,700 | -€16,909 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,791 | -€28,700 | -€16,909 | -143.4% |
| Amounts payable | 17/49 | €174,017 | €310,902 | +€136,885 | +78.7% |
| Amounts payable after more than one year | 17 | €173,653 | €303,744 | +€130,090 | +74.9% |
| Other amounts payable | 178/9 | €173,653 | €303,744 | +€130,090 | +74.9% |
| Amounts payable within one year | 42/48 | €363 | €7,158 | +€6,795 | +1870.3% |
| Trade debts | 44 | €363 | €859 | +€496 | +136.5% |
| Suppliers | 440/4 | €363 | €859 | +€496 | +136.5% |
| Other amounts payable | 47/48 | - | €6,299 | +€6,299 | |
| Other operating charges | 640/8 | €488 | €798 | +€309 | +63.3% |
| Gross operating margin | 9900 | -€2,685 | -€2,448 | +€237 | +8.8% |
| Operating profit (loss) | 9901 | -€3,173 | -€3,245 | -€72 | -2.3% |
| Financial income | 75/76B | €36 | €0 | -€36 | -100.0% |
| Recurring financial income | 75 | €36 | €0 | -€36 | -100.0% |
| Financial charges | 65/66B | €8,654 | €13,664 | +€5,010 | +57.9% |
| Recurring financial charges | 65 | €8,654 | €13,664 | +€5,010 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,791 | -€16,909 | -€5,118 | -43.4% |
| Profit (loss) for the period | 9904 | -€11,791 | -€16,909 | -€5,118 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,791 | -€16,909 | -€5,118 | -43.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.