GRONDIG PROJECTBOUW: 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.
GRONDIG PROJECTBOUW
Largest movements
- Stocks and contracts -€220,054
down €220,054 (-20.3%), from €1.1m to €861,438
- Cash -€70,818
down €70,818 (-82.5%), from €85,829 to €15,011
mainly Current portion of long-term debt (-€586,545) and Investment in fixed assets (net) (-€55,757)
- Current portion of long-term debt -€586,545
down €586,545 (-96.2%), from €610,000 to €23,455
- Debts after one year +€200,805
up €200,805 (+69.6%), from €288,715 to €489,520
of which Other amounts payable: +€229,480
- Other debts +€172,119
up €172,119 (+189%), from €91,157 to €263,276
- Trade debts -€39,934
down €39,934 (-47.1%), from €84,745 to €44,811
- Profit (loss) carried forward -€23,407
down €23,407 (-14.2%), from €164,313 to €140,906
- Depreciation +€19,711
up €19,711 (+74.9%), from €26,310 to €46,021
- Gross operating margin -€12,533
down €12,533 (-16.9%), from €74,088 to €61,555
- Financial charges -€4,739
down €4,739 (-12.2%), from €38,885 to €34,146
- Other operating charges +€1,888
up €1,888 (+723%), from €261 to €2,149
- Taxes +€757
up €757 (+39.1%), from €1,936 to €2,693
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.
Derived cash bridge
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 | €1,372,922 | €1,077,623 | -€295,299 | -21.5% |
| Fixed assets | 21/28 | €127,671 | €137,407 | +€9,736 | +7.6% |
| Tangible fixed assets | 22/27 | €127,671 | €137,407 | +€9,736 | +7.6% |
| Plant, machinery and equipment | 23 | €27,597 | €65,165 | +€37,568 | +136% |
| Furniture and vehicles | 24 | €41,895 | €27,114 | -€14,780 | -35.3% |
| Leasing and similar rights | 25 | €58,179 | €45,128 | -€13,051 | -22.4% |
| Current assets | 29/58 | €1,245,251 | €940,215 | -€305,035 | -24.5% |
| Stocks and contracts in progress | 3 | €1,081,492 | €861,438 | -€220,054 | -20.3% |
| Stocks | 30/36 | €1,081,492 | €861,438 | -€220,054 | -20.3% |
| Amounts receivable within one year | 40/41 | €76,430 | €63,767 | -€12,663 | -16.6% |
| Trade receivables | 40 | €15,648 | €27,507 | +€11,859 | +75.8% |
| Other amounts receivable | 41 | €60,782 | €36,260 | -€24,522 | -40.3% |
| Cash at bank and in hand | 54/58 | €85,829 | €15,011 | -€70,818 | -82.5% |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €1,372,922 | €1,077,623 | -€295,299 | -21.5% |
| Equity | 10/15 | €246,813 | €223,406 | -€23,407 | -9.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €7,500 | +€7,500 | |
| Reserves not available under the articles | 1311 | - | €7,500 | +€7,500 | |
| Distributable reserves | 133 | €7,500 | - | -€7,500 | |
| Profit (loss) carried forward | 14 | €164,313 | €140,906 | -€23,407 | -14.2% |
| Amounts payable | 17/49 | €1,126,109 | €854,216 | -€271,893 | -24.1% |
| Amounts payable after more than one year | 17 | €288,715 | €489,520 | +€200,805 | +69.6% |
| Financial debts | 170/4 | €288,715 | €260,040 | -€28,675 | -9.9% |
| Other amounts payable | 178/9 | - | €229,480 | +€229,480 | |
| Amounts payable within one year | 42/48 | €837,394 | €364,697 | -€472,697 | -56.4% |
| Current portion of amounts payable after more than one year | 42 | €610,000 | €23,455 | -€586,545 | -96.2% |
| Trade debts | 44 | €84,745 | €44,811 | -€39,934 | -47.1% |
| Suppliers | 440/4 | €84,745 | €44,811 | -€39,934 | -47.1% |
| Taxes, remuneration and social security | 45 | €51,492 | €33,155 | -€18,337 | -35.6% |
| Taxes | 450/3 | €51,492 | €33,155 | -€18,337 | -35.6% |
| Other amounts payable | 47/48 | €91,157 | €263,276 | +€172,119 | +189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,310 | €46,021 | +€19,711 | +74.9% |
| Other operating charges | 640/8 | €261 | €2,149 | +€1,888 | +723% |
| Gross operating margin | 9900 | €74,088 | €61,555 | -€12,533 | -16.9% |
| Operating profit (loss) | 9901 | €47,518 | €13,386 | -€34,132 | -71.8% |
| Financial income | 75/76B | €22 | €46 | +€24 | +112% |
| Recurring financial income | 75 | €22 | €46 | +€24 | +112% |
| Financial charges | 65/66B | €38,885 | €34,146 | -€4,739 | -12.2% |
| Recurring financial charges | 65 | €38,885 | €34,146 | -€4,739 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €8,654 | -€20,714 | -€29,368 | |
| Income taxes | 67/77 | €1,936 | €2,693 | +€757 | +39.1% |
| Profit (loss) for the period | 9904 | €6,718 | -€23,407 | -€30,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,718 | -€23,407 | -€30,125 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.