GrondVast: 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.
GrondVast
Largest movements
- Cash -€51,675
down €51,675 (-77.3%), from €66,867 to €15,192
mainly Debts after one year (-€30,000) and Current portion of long-term debt (-€25,000)
- Receivables after one year +€6,500
new in 2025: €6,500
- Debts after one year -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Current portion of long-term debt -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Contributions +€7,000
up €7,000 (+3.9%), from €181,000 to €188,000
- Trade debts +€3,552
up €3,552 (+2242.1%), from €158 to €3,710
- Depreciation -€18,602
down €18,602 (-98.7%), from €18,843 to €241
- Gross operating margin -€3,171
down €3,171, from €2,116 to -€1,055
- Other operating charges -€908
down €908 (-71.6%), from €1,269 to €361
- Financial income +€579
new in 2025: €579
- Financial charges -€327
down €327 (-30.6%), from €1,067 to €741
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.
Cash bridge derived
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 | €217,534 | €171,273 | -€46,261 | -21.3% |
| Formation expenses | 20 | €948 | €707 | -€241 | -25.4% |
| Fixed assets | 21/28 | €147,700 | €147,700 | = | 0.0% |
| Tangible fixed assets | 22/27 | €147,700 | €147,700 | = | 0.0% |
| Land and buildings | 22 | €147,700 | €147,700 | = | 0.0% |
| Current assets | 29/58 | €68,885 | €22,866 | -€46,019 | -66.8% |
| Amounts receivable after more than one year | 29 | - | €6,500 | +€6,500 | |
| Other amounts receivable | 291 | - | €6,500 | +€6,500 | |
| Amounts receivable within one year | 40/41 | €2,018 | €1,174 | -€844 | -41.8% |
| Trade receivables | 40 | €2,018 | €0 | -€2,018 | -100.0% |
| Other amounts receivable | 41 | - | €1,174 | +€1,174 | |
| Cash at bank and in hand | 54/58 | €66,867 | €15,192 | -€51,675 | -77.3% |
| Total equity and liabilities | 10/49 | €217,534 | €171,273 | -€46,261 | -21.3% |
| Equity | 10/15 | €161,937 | €167,119 | +€5,182 | +3.2% |
| Contributions | 10/11 | €181,000 | €188,000 | +€7,000 | +3.9% |
| Profit (loss) carried forward | 14 | -€19,063 | -€20,881 | -€1,818 | -9.5% |
| Amounts payable | 17/49 | €55,597 | €4,154 | -€51,443 | -92.5% |
| Amounts payable after more than one year | 17 | €30,000 | €0 | -€30,000 | -100.0% |
| Financial debts | 170/4 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts payable within one year | 42/48 | €25,597 | €4,154 | -€21,443 | -83.8% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €0 | -€25,000 | -100.0% |
| Trade debts | 44 | €158 | €3,710 | +€3,552 | +2242.1% |
| Suppliers | 440/4 | €158 | €3,710 | +€3,552 | +2242.1% |
| Taxes, remuneration and social security | 45 | €438 | €444 | +€5 | +1.3% |
| Taxes | 450/3 | €438 | €444 | +€5 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,843 | €241 | -€18,602 | -98.7% |
| Other operating charges | 640/8 | €1,269 | €361 | -€908 | -71.6% |
| Gross operating margin | 9900 | €2,116 | -€1,055 | -€3,171 | |
| Operating profit (loss) | 9901 | -€17,996 | -€1,656 | +€16,339 | +90.8% |
| Financial income | 75/76B | - | €579 | +€579 | |
| Recurring financial income | 75 | - | €579 | +€579 | |
| Financial charges | 65/66B | €1,067 | €741 | -€327 | -30.6% |
| Recurring financial charges | 65 | €1,067 | €741 | -€327 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,063 | -€1,818 | +€17,245 | +90.5% |
| Profit (loss) for the period | 9904 | -€19,063 | -€1,818 | +€17,245 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,063 | -€1,818 | +€17,245 | +90.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.