Grondbank: 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.
Grondbank
Largest movements
- Current investments +€1.4m
up €1.4m (+128%), from €1.1m to €2.5m
- Cash -€165,240
down €165,240 (-47.1%), from €350,770 to €185,530
mainly Current investments (-€1.4m) and Trade debts (-€65,768)
- Receivables within one year -€53,695
down €53,695 (-6.2%), from €860,312 to €806,617
of which Trade receivables: -€98,205
- Profit (loss) carried forward +€749,825
up €749,825 (+78,137%), from €960 to €750,785
- Reserves +€321,354
up €321,354 (+64.5%), from €497,897 to €819,251
- Provisions +€66,016
up €66,016 (+4.6%), from €1.4m to €1.5m
- Trade debts -€65,768
down €65,768 (-28.8%), from €228,598 to €162,830
- Accrued charges and deferred income +€65,349
up €65,349 (+11.2%), from €582,543 to €647,892
- Turnover +€289,303
up €289,303 (+7.4%), from €3.9m to €4.2m
- Staff costs -€256,988
down €256,988 (-9.9%), from €2.6m to €2.3m
- Gross operating margin +€220,822
up €220,822 (+6.9%), from €3.2m to €3.4m
- Write-downs -€78,677
down €78,677 (-678%), from -€11,601 to -€90,278
- Financial charges -€52,386
down €52,386 (-87.8%), from €59,678 to €7,292
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.
Derived cash bridge
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 | €3,034,093 | €4,211,582 | +€1.2m | +38.8% |
| Fixed assets | 21/28 | €71,362 | €52,528 | -€18,835 | -26.4% |
| Tangible fixed assets | 22/27 | €56,287 | €38,053 | -€18,235 | -32.4% |
| Furniture and vehicles | 24 | €56,287 | €38,053 | -€18,235 | -32.4% |
| Financial fixed assets | 28 | €15,075 | €14,475 | -€600 | -4.0% |
| Current assets | 29/58 | €2,962,731 | €4,159,055 | +€1.2m | +40.4% |
| Amounts receivable after more than one year | 29 | €537,921 | €537,921 | = | 0.0% |
| Trade receivables | 290 | €537,921 | €537,921 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €860,312 | €806,617 | -€53,695 | -6.2% |
| Trade receivables | 40 | €749,543 | €651,338 | -€98,205 | -13.1% |
| Other amounts receivable | 41 | €110,770 | €155,279 | +€44,510 | +40.2% |
| Current investments | 50/53 | €1,117,318 | €2,548,605 | +€1.4m | +128% |
| Cash at bank and in hand | 54/58 | €350,770 | €185,530 | -€165,240 | -47.1% |
| Deferred charges and accrued income | 490/1 | €96,410 | €80,382 | -€16,028 | -16.6% |
| Total equity and liabilities | 10/49 | €3,034,093 | €4,211,582 | +€1.2m | +38.8% |
| Equity | 10/15 | €498,857 | €1,570,036 | +€1.1m | +215% |
| Reserves | 13 | €497,897 | €819,251 | +€321,354 | +64.5% |
| Profit (loss) carried forward | 14 | €960 | €750,785 | +€749,825 | +78,137% |
| Provisions and deferred taxes | 16 | €1,438,607 | €1,504,623 | +€66,016 | +4.6% |
| Provisions for liabilities and charges | 160/5 | €1,438,607 | €1,504,623 | +€66,016 | +4.6% |
| Other liabilities and charges | 164/5 | €1,438,607 | €1,504,623 | +€66,016 | +4.6% |
| Amounts payable | 17/49 | €1,096,629 | €1,136,924 | +€40,294 | +3.7% |
| Amounts payable within one year | 42/48 | €514,087 | €489,032 | -€25,055 | -4.9% |
| Trade debts | 44 | €228,598 | €162,830 | -€65,768 | -28.8% |
| Suppliers | 440/4 | €228,598 | €162,830 | -€65,768 | -28.8% |
| Taxes, remuneration and social security | 45 | €285,488 | €326,202 | +€40,713 | +14.3% |
| Taxes | 450/3 | €39,376 | €49,273 | +€9,897 | +25.1% |
| Remuneration and social security | 454/9 | €246,112 | €276,928 | +€30,816 | +12.5% |
| Accrued charges and deferred income | 492/3 | €582,543 | €647,892 | +€65,349 | +11.2% |
| Turnover | 70 | €3,902,145 | €4,191,447 | +€289,303 | +7.4% |
| Remuneration, social security and pensions | 62 | €2,589,888 | €2,332,900 | -€256,988 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,574 | €21,374 | -€200 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,601 | -€90,278 | -€78,677 | -678% |
| Other operating charges | 640/8 | €32,509 | €25,908 | -€6,601 | -20.3% |
| Gross operating margin | 9900 | €3,193,795 | €3,414,616 | +€220,822 | +6.9% |
| Operating profit (loss) | 9901 | €502,282 | €1,058,697 | +€556,415 | +111% |
| Financial income | 75/76B | €70,083 | €56,982 | -€13,101 | -18.7% |
| Recurring financial income | 75 | €70,083 | €56,982 | -€13,101 | -18.7% |
| Financial charges | 65/66B | €59,678 | €7,292 | -€52,386 | -87.8% |
| Recurring financial charges | 65 | €59,678 | €7,292 | -€52,386 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €512,687 | €1,108,387 | +€595,700 | +116% |
| Income taxes | 67/77 | €38,905 | €37,208 | -€1,697 | -4.4% |
| Profit (loss) for the period | 9904 | €473,782 | €1,071,179 | +€597,396 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €473,782 | €1,071,179 | +€597,396 | +126% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.