Grondnatie: 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.
Grondnatie
Largest movements
- Cash -€99,454
down €99,454 (-10.0%), from €993,474 to €894,021
mainly Other debts (-€75,916) and Net result for the year (-€57,552)
- Tangible fixed assets -€34,313
down €34,313 (-3.7%), from €915,567 to €881,254
of which Land and buildings: -€31,057
- Other debts -€75,916
down €75,916 (-9.2%), from €822,510 to €746,595
- Profit (loss) carried forward -€57,551
down €57,551 (-24.5%), from €235,225 to €177,673
- Other operating charges -€279,410
down €279,410 (-97.0%), from €288,154 to €8,743
- Gross operating margin -€37,665
down €37,665, from €23,343 to -€14,323
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 | €2,017,536 | €1,883,950 | -€133,585 | -6.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,015,658 | €981,345 | -€34,313 | -3.4% |
| Tangible fixed assets | 22/27 | €915,567 | €881,254 | -€34,313 | -3.7% |
| Land and buildings | 22 | €907,971 | €876,914 | -€31,057 | -3.4% |
| Furniture and vehicles | 24 | €7,596 | €4,341 | -€3,256 | -42.9% |
| Financial fixed assets | 28 | €100,091 | €100,091 | = | 0.0% |
| Current assets | 29/58 | €1,001,877 | €902,605 | -€99,272 | -9.9% |
| Amounts receivable within one year | 40/41 | €5,021 | - | -€5,021 | |
| Other amounts receivable | 41 | €5,021 | - | -€5,021 | |
| Cash at bank and in hand | 54/58 | €993,474 | €894,021 | -€99,454 | -10.0% |
| Deferred charges and accrued income | 490/1 | €3,383 | €8,585 | +€5,202 | +154% |
| Total equity and liabilities | 10/49 | €2,017,536 | €1,883,950 | -€133,585 | -6.6% |
| Equity | 10/15 | €1,193,331 | €1,135,779 | -€57,551 | -4.8% |
| Contributions | 10/11 | €540,018 | €540,018 | = | 0.0% |
| Revaluation surpluses | 12 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €18,088 | €18,088 | = | 0.0% |
| Distributable reserves | 133 | €18,088 | €18,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,225 | €177,673 | -€57,551 | -24.5% |
| Amounts payable | 17/49 | €824,205 | €748,171 | -€76,034 | -9.2% |
| Amounts payable within one year | 42/48 | €824,205 | €748,171 | -€76,034 | -9.2% |
| Trade debts | 44 | €1,695 | €1,576 | -€118 | -7.0% |
| Suppliers | 440/4 | €1,695 | €1,576 | -€118 | -7.0% |
| Other amounts payable | 47/48 | €822,510 | €746,595 | -€75,916 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,313 | €34,313 | = | 0.0% |
| Other operating charges | 640/8 | €288,154 | €8,743 | -€279,410 | -97.0% |
| Gross operating margin | 9900 | €23,343 | -€14,323 | -€37,665 | |
| Operating profit (loss) | 9901 | -€299,124 | -€57,379 | +€241,745 | +80.8% |
| Financial charges | 65/66B | €180 | €173 | -€8 | -4.3% |
| Recurring financial charges | 65 | €180 | €173 | -€8 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€299,304 | -€57,552 | +€241,753 | +80.8% |
| Profit (loss) for the period | 9904 | -€299,304 | -€57,552 | +€241,753 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€299,304 | -€57,552 | +€241,753 | +80.8% |
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 17 October 2026 via checked.be.