GRONDMAAT: 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.
GRONDMAAT
Largest movements
- Current investments +€38,000
new in 2026: €38,000
- Reserves -€61,351
down €61,351 (-57.6%), from €106,541 to €45,191
- Other debts +€60,000
new in 2026: €60,000
- Advances received +€38,000
new in 2026: €38,000
- Gross operating margin +€32
up €32 (+11.4%), from -€281 to -€249
- Other operating charges +€15
up €15 (+1.4%), from €1,064 to €1,079
- Financial income +€10
new in 2026: €10
- Taxes +€3
new in 2026: €3
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,541 | €443,194 | +€36,652 | +9.0% |
| Current assets | 29/58 | €406,541 | €443,194 | +€36,652 | +9.0% |
| Stocks and contracts in progress | 3 | €403,696 | €403,696 | = | 0.0% |
| Stocks | 30/36 | €403,696 | €403,696 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €161 | - | -€161 | |
| Other amounts receivable | 41 | €161 | - | -€161 | |
| Current investments | 50/53 | - | €38,000 | +€38,000 | |
| Cash at bank and in hand | 54/58 | €2,684 | €1,487 | -€1,197 | -44.6% |
| Deferred charges and accrued income | 490/1 | - | €10 | +€10 | |
| Total equity and liabilities | 10/49 | €406,541 | €443,194 | +€36,652 | +9.0% |
| Equity | 10/15 | €406,541 | €345,191 | -€61,351 | -15.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €106,541 | €45,191 | -€61,351 | -57.6% |
| Distributable reserves | 133 | €106,541 | €45,191 | -€61,351 | -57.6% |
| Amounts payable | 17/49 | - | €98,003 | +€98,003 | |
| Amounts payable within one year | 42/48 | - | €98,000 | +€98,000 | |
| Advances received on contracts in progress | 46 | - | €38,000 | +€38,000 | |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Other operating charges | 640/8 | €1,064 | €1,079 | +€15 | +1.4% |
| Gross operating margin | 9900 | -€281 | -€249 | +€32 | +11.4% |
| Operating profit (loss) | 9901 | -€1,345 | -€1,328 | +€17 | +1.3% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,374 | -€1,348 | +€26 | +1.9% |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€1,374 | -€1,351 | +€23 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,374 | -€1,351 | +€23 | +1.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.