GRONDEN VH: 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.
GRONDEN VH
Largest movements
- Stocks and contracts -€720,829
down €720,829 (-38.8%), from €1.9m to €1.1m
- Other debts -€455,353
down €455,353 (-18.2%), from €2.5m to €2.0m
- Debts after one year -€294,100
down €294,100 (-100%), from €294,100 to €0
- Other operating charges +€880,103
up €880,103 (+104%), from €847,851 to €1.7m
- Gross operating margin +€837,075
up €837,075 (+82.9%), from €1.0m to €1.8m
- Financial charges -€59,472
down €59,472 (-41.9%), from €142,073 to €82,600
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 | €2,925,683 | €2,199,171 | -€726,512 | -24.8% |
| Current assets | 29/58 | €2,925,683 | €2,199,171 | -€726,512 | -24.8% |
| Stocks and contracts in progress | 3 | €1,858,997 | €1,138,168 | -€720,829 | -38.8% |
| Stocks | 30/36 | €1,858,997 | €1,138,168 | -€720,829 | -38.8% |
| Cash at bank and in hand | 54/58 | €1,066,686 | €1,061,003 | -€5,683 | -0.5% |
| Total equity and liabilities | 10/49 | €2,925,683 | €2,199,171 | -€726,512 | -24.8% |
| Equity | 10/15 | €128,094 | €154,593 | +€26,499 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €108,094 | €134,593 | +€26,499 | +24.5% |
| Distributable reserves | 133 | €108,094 | €134,593 | +€26,499 | +24.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,797,588 | €2,044,578 | -€753,011 | -26.9% |
| Amounts payable after more than one year | 17 | €294,100 | €0 | -€294,100 | -100% |
| Financial debts | 170/4 | €294,100 | €0 | -€294,100 | -100% |
| Amounts payable within one year | 42/48 | €2,503,488 | €2,044,578 | -€458,911 | -18.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,243 | €1,686 | -€3,557 | -67.8% |
| Taxes | 450/3 | €5,243 | €1,686 | -€3,557 | -67.8% |
| Other amounts payable | 47/48 | €2,498,245 | €2,042,892 | -€455,353 | -18.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €847,851 | €1,727,955 | +€880,103 | +104% |
| Gross operating margin | 9900 | €1,009,164 | €1,846,240 | +€837,075 | +82.9% |
| Operating profit (loss) | 9901 | €161,313 | €118,285 | -€43,028 | -26.7% |
| Financial charges | 65/66B | €142,073 | €82,600 | -€59,472 | -41.9% |
| Recurring financial charges | 65 | €142,073 | €82,600 | -€59,472 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €19,240 | €35,685 | +€16,445 | +85.5% |
| Income taxes | 67/77 | €5,243 | €9,186 | +€3,943 | +75.2% |
| Profit (loss) for the period | 9904 | €13,997 | €26,499 | +€12,502 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,997 | €26,499 | +€12,502 | +89.3% |
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 31 October 2026 via checked.be.