GRONDIG: 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.
GRONDIG
Largest movements
- Tangible fixed assets +€613,402
up €613,402 (+140.7%), from €435,868 to €1.0m
- Receivables within one year +€367,633
up €367,633 (+110.8%), from €331,821 to €699,453
of which Trade receivables: +€347,210
- Stocks and contracts +€220,022
up €220,022 (+9.8%), from €2.3m to €2.5m
- Cash -€76,991
down €76,991 (-47.3%), from €162,912 to €85,922
mainly Current portion of long-term debt (-€993,321) and Investment in fixed assets (net) (-€634,815)
- Short-term financial debts +€1.9m
new in 2024: €1.9m
- Current portion of long-term debt -€993,321
down €993,321 (-85.3%), from €1.2m to €170,744
- Trade debts +€788,708
up €788,708 (+9464.8%), from €8,333 to €797,041
- Advances received -€400,000
no longer reported in 2024 (was €400,000)
- Tax, wage and social debts -€178,985
no longer reported in 2024 (was €178,985)
- Gross operating margin -€634,367
down €634,367 (-87.8%), from €722,646 to €88,279
- Taxes -€178,985
no longer reported in 2024 (was €178,985)
- Other operating charges +€123,430
up €123,430 (+5665.3%), from €2,179 to €125,609
- Financial income +€51,114
up €51,114 (+241.3%), from €21,182 to €72,296
- Depreciation +€11,122
up €11,122 (+108.1%), from €10,291 to €21,413
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,214,149 | €4,362,659 | +€1.1m | +35.7% |
| Fixed assets | 21/28 | €444,868 | €1,058,270 | +€613,402 | +137.9% |
| Tangible fixed assets | 22/27 | €435,868 | €1,049,270 | +€613,402 | +140.7% |
| Land and buildings | 22 | €435,868 | €1,049,270 | +€613,402 | +140.7% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €2,769,281 | €3,304,389 | +€535,108 | +19.3% |
| Amounts receivable after more than one year | 29 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 291 | - | €2,500 | +€2,500 | |
| Stocks and contracts in progress | 3 | €2,250,453 | €2,470,475 | +€220,022 | +9.8% |
| Stocks | 30/36 | €2,250,453 | €2,470,475 | +€220,022 | +9.8% |
| Amounts receivable within one year | 40/41 | €331,821 | €699,453 | +€367,633 | +110.8% |
| Trade receivables | 40 | €7,104 | €354,314 | +€347,210 | +4887.5% |
| Other amounts receivable | 41 | €324,717 | €345,140 | +€20,423 | +6.3% |
| Cash at bank and in hand | 54/58 | €162,912 | €85,922 | -€76,991 | -47.3% |
| Deferred charges and accrued income | 490/1 | €24,095 | €46,039 | +€21,944 | +91.1% |
| Total equity and liabilities | 10/49 | €3,214,149 | €4,362,659 | +€1.1m | +35.7% |
| Equity | 10/15 | €1,136,218 | €1,144,894 | +€8,677 | +0.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,073,718 | €1,082,394 | +€8,677 | +0.8% |
| Non-distributable reserves | 130/1 | €31,200 | €31,200 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,166 | €137,112 | -€4,054 | -2.9% |
| Distributable reserves | 133 | €901,352 | €914,083 | +€12,730 | +1.4% |
| Provisions and deferred taxes | 16 | €40,805 | €39,454 | -€1,351 | -3.3% |
| Deferred taxes | 168 | €40,805 | €39,454 | -€1,351 | -3.3% |
| Amounts payable | 17/49 | €2,037,126 | €3,178,311 | +€1.1m | +56.0% |
| Amounts payable after more than one year | 17 | €217,331 | €195,469 | -€21,861 | -10.1% |
| Financial debts | 170/4 | €217,331 | €195,469 | -€21,861 | -10.1% |
| Amounts payable within one year | 42/48 | €1,811,383 | €2,973,920 | +€1.2m | +64.2% |
| Current portion of amounts payable after more than one year | 42 | €1,164,065 | €170,744 | -€993,321 | -85.3% |
| Financial debts | 43 | - | €1,851,255 | +€1.9m | |
| Credit institutions | 430/8 | - | €1,851,255 | +€1.9m | |
| Trade debts | 44 | €8,333 | €797,041 | +€788,708 | +9464.8% |
| Suppliers | 440/4 | €8,333 | €797,041 | +€788,708 | +9464.8% |
| Advances received on contracts in progress | 46 | €400,000 | - | -€400,000 | |
| Taxes, remuneration and social security | 45 | €178,985 | - | -€178,985 | |
| Taxes | 450/3 | €178,985 | - | -€178,985 | |
| Other amounts payable | 47/48 | €60,000 | €154,880 | +€94,880 | +158.1% |
| Accrued charges and deferred income | 492/3 | €8,412 | €8,922 | +€510 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,291 | €21,413 | +€11,122 | +108.1% |
| Other operating charges | 640/8 | €2,179 | €125,609 | +€123,430 | +5665.3% |
| Gross operating margin | 9900 | €722,646 | €88,279 | -€634,367 | -87.8% |
| Operating profit (loss) | 9901 | €710,176 | -€58,743 | -€768,919 | |
| Financial income | 75/76B | €21,182 | €72,296 | +€51,114 | +241.3% |
| Recurring financial income | 75 | €21,182 | €72,296 | +€51,114 | +241.3% |
| Financial charges | 65/66B | €7,946 | €6,228 | -€1,718 | -21.6% |
| Recurring financial charges | 65 | €7,946 | €6,228 | -€1,718 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €723,413 | €7,325 | -€716,087 | -99.0% |
| Transfer from deferred taxes | 780 | €1,351 | €1,351 | = | 0.0% |
| Income taxes | 67/77 | €178,985 | - | -€178,985 | |
| Profit (loss) for the period | 9904 | €545,778 | €8,677 | -€537,102 | -98.4% |
| Transfer from tax-exempt reserves | 789 | €4,054 | €4,054 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €549,832 | €12,730 | -€537,102 | -97.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.