GRONDT: 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.
GRONDT
Largest movements
- Stocks and contracts -€175,405
down €175,405 (-34.3%), from €511,361 to €335,956
- Cash +€93,262
up €93,262 (+106%), from €88,390 to €181,652
mainly Stocks and contracts (+€175,405) and Receivables within one year (+€26,129)
- Financial fixed assets +€32,065
up €32,065 (+214%), from €15,000 to €47,065
- Receivables within one year -€26,129
down €26,129 (-13.7%), from €191,041 to €164,912
- Short-term financial debts -€115,000
down €115,000 (-31.4%), from €366,000 to €251,000
- Trade debts +€22,246
new in 2025: €22,246
- Reserves +€10,356
up €10,356 (+3.3%), from €317,697 to €328,054
- Gross operating margin -€155,877
down €155,877 (-82.3%), from €189,332 to €33,455
- Taxes -€37,223
down €37,223 (-91.5%), from €40,675 to €3,452
- Financial charges -€10,091
down €10,091 (-30.4%), from €33,141 to €23,051
- Financial income -€2,938
down €2,938 (-39.5%), from €7,436 to €4,498
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 | €805,792 | €729,585 | -€76,207 | -9.5% |
| Fixed assets | 21/28 | €15,000 | €47,065 | +€32,065 | +214% |
| Financial fixed assets | 28 | €15,000 | €47,065 | +€32,065 | +214% |
| Current assets | 29/58 | €790,792 | €682,520 | -€108,272 | -13.7% |
| Stocks and contracts in progress | 3 | €511,361 | €335,956 | -€175,405 | -34.3% |
| Stocks | 30/36 | €511,361 | €335,956 | -€175,405 | -34.3% |
| Amounts receivable within one year | 40/41 | €191,041 | €164,912 | -€26,129 | -13.7% |
| Other amounts receivable | 41 | €191,041 | €164,912 | -€26,129 | -13.7% |
| Cash at bank and in hand | 54/58 | €88,390 | €181,652 | +€93,262 | +106% |
| Total equity and liabilities | 10/49 | €805,792 | €729,585 | -€76,207 | -9.5% |
| Equity | 10/15 | €347,697 | €358,054 | +€10,356 | +3.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €317,697 | €328,054 | +€10,356 | +3.3% |
| Distributable reserves | 133 | €317,697 | €328,054 | +€10,356 | +3.3% |
| Amounts payable | 17/49 | €458,095 | €371,531 | -€86,564 | -18.9% |
| Amounts payable within one year | 42/48 | €456,128 | €370,377 | -€85,750 | -18.8% |
| Financial debts | 43 | €366,000 | €251,000 | -€115,000 | -31.4% |
| Credit institutions | 430/8 | €366,000 | €251,000 | -€115,000 | -31.4% |
| Trade debts | 44 | - | €22,246 | +€22,246 | |
| Suppliers | 440/4 | - | €22,246 | +€22,246 | |
| Other amounts payable | 47/48 | €90,128 | €97,131 | +€7,003 | +7.8% |
| Accrued charges and deferred income | 492/3 | €1,967 | €1,154 | -€813 | -41.3% |
| Other operating charges | 640/8 | €925 | €1,094 | +€168 | +18.2% |
| Gross operating margin | 9900 | €189,332 | €33,455 | -€155,877 | -82.3% |
| Operating profit (loss) | 9901 | €188,407 | €32,361 | -€156,046 | -82.8% |
| Financial income | 75/76B | €7,436 | €4,498 | -€2,938 | -39.5% |
| Recurring financial income | 75 | €7,436 | €4,498 | -€2,938 | -39.5% |
| Financial charges | 65/66B | €33,141 | €23,051 | -€10,091 | -30.4% |
| Recurring financial charges | 65 | €33,141 | €23,051 | -€10,091 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €162,701 | €13,809 | -€148,893 | -91.5% |
| Income taxes | 67/77 | €40,675 | €3,452 | -€37,223 | -91.5% |
| Profit (loss) for the period | 9904 | €122,026 | €10,356 | -€111,670 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €122,026 | €10,356 | -€111,670 | -91.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.