Grondleggers: 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.
Grondleggers
Largest movements
- Tangible fixed assets +€246,451
up €246,451 (+27.4%), from €899,344 to €1.1m
of which Land and buildings: +€250,451
- Debts after one year +€189,782
up €189,782 (+29.1%), from €651,988 to €841,770
- Other debts +€77,600
up €77,600 (+40.5%), from €191,680 to €269,280
- Profit (loss) carried forward -€18,415
down €18,415 (-494%), from -€3,727 to -€22,142
- Gross operating margin -€9,225
down €9,225 (-21.9%), from €42,218 to €32,992
- Other operating charges +€8,115
up €8,115 (+2,049%), from €396 to €8,511
- Depreciation +€5,972
up €5,972 (+36.5%), from €16,377 to €22,349
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 | €910,011 | €1,161,180 | +€251,169 | +27.6% |
| Fixed assets | 21/28 | €899,344 | €1,145,795 | +€246,451 | +27.4% |
| Tangible fixed assets | 22/27 | €899,344 | €1,145,795 | +€246,451 | +27.4% |
| Land and buildings | 22 | €885,011 | €1,135,462 | +€250,451 | +28.3% |
| Furniture and vehicles | 24 | €14,333 | €10,333 | -€4,000 | -27.9% |
| Current assets | 29/58 | €10,667 | €15,385 | +€4,718 | +44.2% |
| Cash at bank and in hand | 54/58 | €5,337 | €5,986 | +€649 | +12.2% |
| Deferred charges and accrued income | 490/1 | €5,330 | €9,399 | +€4,069 | +76.4% |
| Total equity and liabilities | 10/49 | €910,011 | €1,161,180 | +€251,169 | +27.6% |
| Equity | 10/15 | €16,273 | -€2,142 | -€18,415 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,727 | -€22,142 | -€18,415 | -494% |
| Amounts payable | 17/49 | €893,738 | €1,163,322 | +€269,584 | +30.2% |
| Amounts payable after more than one year | 17 | €651,988 | €841,770 | +€189,782 | +29.1% |
| Financial debts | 170/4 | €651,988 | €841,770 | +€189,782 | +29.1% |
| Amounts payable within one year | 42/48 | €240,750 | €320,552 | +€79,802 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €49,070 | €50,218 | +€1,148 | +2.3% |
| Trade debts | 44 | €0 | €1,054 | +€1,054 | |
| Suppliers | 440/4 | €0 | €1,054 | +€1,054 | |
| Other amounts payable | 47/48 | €191,680 | €269,280 | +€77,600 | +40.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,377 | €22,349 | +€5,972 | +36.5% |
| Other operating charges | 640/8 | €396 | €8,511 | +€8,115 | +2,049% |
| Gross operating margin | 9900 | €42,218 | €32,992 | -€9,225 | -21.9% |
| Operating profit (loss) | 9901 | €25,445 | €2,132 | -€23,312 | -91.6% |
| Financial charges | 65/66B | €20,308 | €20,547 | +€239 | +1.2% |
| Recurring financial charges | 65 | €20,308 | €20,547 | +€239 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €5,136 | -€18,415 | -€23,552 | |
| Profit (loss) for the period | 9904 | €5,136 | -€18,415 | -€23,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,136 | -€18,415 | -€23,552 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.