Grondbank The Loop: 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.
What changed
Grondbank The Loop
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€733,730
2024 · -€628,955-€104,775
Equity
€16.1m
2024 · €16.8m-€733,730
Cash
€321,074
2024 · €283,577+€37,497
Balance sheet total
€34.2m
2024 · €34.9m-€732,975
Largest movements
Assets
- Receivables after one year -€2.5m
down €2.5m (-100%), from €2.5m to €0
- Stocks and contracts +€2.4m
up €2.4m (+8.5%), from €28.3m to €30.7m
- Receivables within one year -€663,047
down €663,047 (-20.9%), from €3.2m to €2.5m
Equity and liabilities
- Profit (loss) carried forward -€733,730
down €733,730 (-94.3%), from €778,465 to €44,735
Income statement
- Turnover -€2.9m
down €2.9m (-99.6%), from €2.9m to €11,247
- Goods and materials -€2.1m
down €2.1m, from €2.1m to -€0
of which Change in stocks: decrease (increase): -€3.5m
- Financial charges -€319,604
down €319,604 (-47.3%), from €675,277 to €355,673
of which Financial charges: -€319,710
- Services and other goods -€35,470
down €35,470 (-11.7%), from €303,623 to €268,153
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.
Result 2024
-€628,955
Turnover
-€2.9m
Other operating income
-€1,273
Goods and materials
+€2.1m
Services and other goods
+€35,470
Other operating charges
-€4,988
Other operating items
+€326,649
Financial income
-€0
Financial charges
+€319,604
Result 2025
-€733,730
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€260,616
Investment
+€615
Financing
-€223,733
Cash 2024
€283,577
From operations (derived)
+€260,616
Net result for the year
-€733,730
Receivables after one year
+€2.5m
Stocks and contracts
-€2.4m
Receivables within one year
+€663,047
Trade debts
+€75,581
Other debts
+€26,151
Accrued charges and deferred income
+€122,757
Investment (derived)
+€615
Investment in fixed assets (net)
+€615
Financing
-€223,733
Short-term financial debts
-€223,733
Cash 2025
€321,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,937,440 | €34,204,466 | -€732,975 | -2.1% |
| Fixed assets | 21/28 | €642,101 | €641,486 | -€615 | -0.1% |
| Financial fixed assets | 28 | €642,101 | €641,486 | -€615 | -0.1% |
| Affiliated companies | 280/1 | €642,101 | €641,486 | -€615 | -0.1% |
| Participating interests | 280 | €642,101 | €641,486 | -€615 | -0.1% |
| Current assets | 29/58 | €34,295,339 | €33,562,980 | -€732,360 | -2.1% |
| Amounts receivable after more than one year | 29 | €2,506,884 | €0 | -€2.5m | -100% |
| Trade receivables | 290 | €2,506,884 | €0 | -€2.5m | -100% |
| Stocks and contracts in progress | 3 | €28,328,999 | €30,729,074 | +€2.4m | +8.5% |
| Stocks | 30/36 | €28,328,999 | €30,729,074 | +€2.4m | +8.5% |
| Property held for sale | 35 | €28,328,999 | €30,729,074 | +€2.4m | +8.5% |
| Amounts receivable within one year | 40/41 | €3,175,879 | €2,512,832 | -€663,047 | -20.9% |
| Trade receivables | 40 | €3,175,879 | €2,512,832 | -€663,047 | -20.9% |
| Cash at bank and in hand | 54/58 | €283,577 | €321,074 | +€37,497 | +13.2% |
| Total equity and liabilities | 10/49 | €34,937,440 | €34,204,466 | -€732,975 | -2.1% |
| Equity | 10/15 | €16,794,684 | €16,060,954 | -€733,730 | -4.4% |
| Contributions | 10/11 | €15,730,147 | €15,730,147 | = | 0.0% |
| Capital | 10 | €15,730,147 | €15,730,147 | = | 0.0% |
| Issued capital | 100 | €15,730,147 | €15,730,147 | = | 0.0% |
| Reserves | 13 | €286,072 | €286,072 | = | 0.0% |
| Non-distributable reserves | 130/1 | €286,072 | €286,072 | = | 0.0% |
| Legal reserve | 130 | €286,072 | €286,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | €778,465 | €44,735 | -€733,730 | -94.3% |
| Amounts payable | 17/49 | €18,142,756 | €18,143,512 | +€756 | 0.0% |
| Amounts payable within one year | 42/48 | €13,071,817 | €12,949,816 | -€122,001 | -0.9% |
| Financial debts | 43 | €11,223,733 | €11,000,000 | -€223,733 | -2.0% |
| Credit institutions | 430/8 | €11,223,733 | €11,000,000 | -€223,733 | -2.0% |
| Trade debts | 44 | €519,783 | €595,363 | +€75,581 | +14.5% |
| Suppliers | 440/4 | €519,783 | €595,363 | +€75,581 | +14.5% |
| Taxes, remuneration and social security | 45 | €27 | €27 | = | 0.0% |
| Taxes | 450/3 | €27 | €27 | = | 0.0% |
| Other amounts payable | 47/48 | €1,328,275 | €1,354,426 | +€26,151 | +2.0% |
| Accrued charges and deferred income | 492/3 | €5,070,939 | €5,193,696 | +€122,757 | +2.4% |
| Operating income | 70/76A | €2,918,557 | €11,247 | -€2.9m | -99.6% |
| Turnover | 70 | €2,917,285 | €11,247 | -€2.9m | -99.6% |
| Other operating income | 74 | €1,273 | €0 | -€1,273 | -100% |
| Operating charges | 60/66A | €2,872,236 | €389,305 | -€2.5m | -86.4% |
| Goods for resale, raw materials and consumables | 60 | €2,125,800 | -€0 | -€2.1m | |
| Purchases | 600/8 | €977,340 | €2,400,074 | +€1.4m | +146% |
| Change in stocks: decrease (increase) | 609 | €1,148,460 | -€2,400,075 | -€3.5m | |
| Services and other goods | 61 | €303,623 | €268,153 | -€35,470 | -11.7% |
| Other operating charges | 640/8 | €116,165 | €121,152 | +€4,988 | +4.3% |
| Non-recurring operating charges | 66A | €326,649 | - | -€326,649 | |
| Operating profit (loss) | 9901 | €46,321 | -€378,057 | -€424,379 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €675,277 | €355,673 | -€319,604 | -47.3% |
| Recurring financial charges | 65 | €675,277 | €355,567 | -€319,710 | -47.3% |
| Debt charges | 650 | €658,439 | €347,744 | -€310,695 | -47.2% |
| Other financial charges | 652/9 | €16,838 | €7,823 | -€9,015 | -53.5% |
| Non-recurring financial charges | 66B | - | €106 | +€106 | |
| Profit (loss) for the period before taxes | 9903 | -€628,955 | -€733,730 | -€104,775 | -16.7% |
| Profit (loss) for the period | 9904 | -€628,955 | -€733,730 | -€104,775 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€628,955 | -€733,730 | -€104,775 | -16.7% |
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 20 October 2026 via checked.be.