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 -€8,909
down €8,909 (-43.2%), from €20,604 to €11,694
of which Plant, machinery and equipment: -€7,500
- Cash -€2,515
down €2,515 (-9.0%), from €27,796 to €25,281
mainly Tax, wage and social debts (-€4,656) and Net result for the year (-€3,659)
- Receivables within one year +€1,838
up €1,838 (+20.1%), from €9,140 to €10,978
- Tax, wage and social debts -€4,656
down €4,656 (-81.1%), from €5,742 to €1,086
of which Taxes: -€4,288
- Profit (loss) carried forward -€3,659
down €3,659 (-7.1%), from -€51,682 to -€55,341
- Other debts -€831
down €831 (-0.9%), from €93,480 to €92,649
- Depreciation -€58,591
down €58,591 (-86.8%), from €67,501 to €8,909
- Gross operating margin -€28,473
down €28,473 (-84.3%), from €33,771 to €5,298
- Other operating charges -€823
no longer reported in 2024 (was €823)
- Financial charges -€629
down €629 (-92.9%), from €677 to €48
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 | €57,821 | €48,364 | -€9,458 | -16.4% |
| Fixed assets | 21/28 | €20,604 | €11,694 | -€8,909 | -43.2% |
| Tangible fixed assets | 22/27 | €20,604 | €11,694 | -€8,909 | -43.2% |
| Plant, machinery and equipment | 23 | €14,375 | €6,875 | -€7,500 | -52.2% |
| Furniture and vehicles | 24 | €6,229 | €4,819 | -€1,409 | -22.6% |
| Current assets | 29/58 | €37,218 | €36,669 | -€548 | -1.5% |
| Amounts receivable within one year | 40/41 | €9,140 | €10,978 | +€1,838 | +20.1% |
| Trade receivables | 40 | €9,140 | €10,978 | +€1,838 | +20.1% |
| Cash at bank and in hand | 54/58 | €27,796 | €25,281 | -€2,515 | -9.0% |
| Deferred charges and accrued income | 490/1 | €282 | €411 | +€129 | +45.7% |
| Total equity and liabilities | 10/49 | €57,821 | €48,364 | -€9,458 | -16.4% |
| Equity | 10/15 | -€45,482 | -€49,141 | -€3,659 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,682 | -€55,341 | -€3,659 | -7.1% |
| Amounts payable | 17/49 | €103,303 | €97,505 | -€5,799 | -5.6% |
| Amounts payable within one year | 42/48 | €103,303 | €97,505 | -€5,799 | -5.6% |
| Trade debts | 44 | €1,237 | €925 | -€312 | -25.2% |
| Suppliers | 440/4 | €1,237 | €925 | -€312 | -25.2% |
| Advances received on contracts in progress | 46 | €2,845 | €2,845 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,742 | €1,086 | -€4,656 | -81.1% |
| Taxes | 450/3 | €5,374 | €1,086 | -€4,288 | -79.8% |
| Remuneration and social security | 454/9 | €368 | - | -€368 | |
| Other amounts payable | 47/48 | €93,480 | €92,649 | -€831 | -0.9% |
| Remuneration, social security and pensions | 62 | €168 | - | -€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,501 | €8,909 | -€58,591 | -86.8% |
| Other operating charges | 640/8 | €823 | - | -€823 | |
| Gross operating margin | 9900 | €33,771 | €5,298 | -€28,473 | -84.3% |
| Operating profit (loss) | 9901 | -€34,721 | -€3,611 | +€31,110 | +89.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €677 | €48 | -€629 | -92.9% |
| Recurring financial charges | 65 | €677 | €48 | -€629 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,397 | -€3,659 | +€31,739 | +89.7% |
| Income taxes | 67/77 | €18 | - | -€18 | |
| Profit (loss) for the period | 9904 | -€35,416 | -€3,659 | +€31,757 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,416 | -€3,659 | +€31,757 | +89.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.