GRONDVEST: what changed
Two fiscal 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.
GRONDVEST
Largest movements
- Tangible fixed assets -€55,997
down €55,997 (-4.0%), from €1.4m to €1.4m
- Cash +€30,871
up €30,871 (+49.8%), from €62,002 to €92,873
mainly Accrued charges and deferred income (+€72,767) and Net result for the year (+€68,987)
- Debts after one year -€153,069
down €153,069 (-24.4%), from €628,525 to €475,456
- Accrued charges and deferred income +€72,767
new in 2024: €72,767
- Reserves +€68,987
up €68,987 (+19.6%), from €352,539 to €421,526
of which Distributable reserves: +€75,003
- Gross operating margin -€7,094
down €7,094 (-3.6%), from €196,496 to €189,402
- Financial charges -€4,563
down €4,563 (-19.5%), from €23,343 to €18,780
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,506,024 | €1,490,174 | -€15,850 | -1.1% |
| Fixed assets | 21/28 | €1,417,022 | €1,361,025 | -€55,997 | -4.0% |
| Tangible fixed assets | 22/27 | €1,417,022 | €1,361,025 | -€55,997 | -4.0% |
| Land and buildings | 22 | €1,417,022 | €1,361,025 | -€55,997 | -4.0% |
| Current assets | 29/58 | €89,002 | €129,149 | +€40,147 | +45.1% |
| Amounts receivable within one year | 40/41 | €27,000 | €36,276 | +€9,276 | +34.4% |
| Trade receivables | 40 | €27,000 | €27,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €9,276 | +€9,276 | |
| Cash at bank and in hand | 54/58 | €62,002 | €92,873 | +€30,871 | +49.8% |
| Total equity and liabilities | 10/49 | €1,506,024 | €1,490,174 | -€15,850 | -1.1% |
| Equity | 10/15 | €502,539 | €571,526 | +€68,987 | +13.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €352,539 | €421,526 | +€68,987 | +19.6% |
| Non-distributable reserves | 130/1 | €6,016 | - | -€6,016 | |
| Reserves not available under the articles | 1311 | €6,016 | - | -€6,016 | |
| Distributable reserves | 133 | €346,522 | €421,526 | +€75,003 | +21.6% |
| Amounts payable | 17/49 | €1,003,485 | €918,648 | -€84,837 | -8.5% |
| Amounts payable after more than one year | 17 | €628,525 | €475,456 | -€153,069 | -24.4% |
| Financial debts | 170/4 | €628,525 | €475,456 | -€153,069 | -24.4% |
| Amounts payable within one year | 42/48 | €374,960 | €370,425 | -€4,535 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €155,630 | €147,795 | -€7,834 | -5.0% |
| Trade debts | 44 | €298 | €322 | +€25 | +8.3% |
| Suppliers | 440/4 | €298 | €322 | +€25 | +8.3% |
| Taxes, remuneration and social security | 45 | €26,433 | €23,814 | -€2,619 | -9.9% |
| Taxes | 450/3 | €26,433 | €20,863 | -€5,570 | -21.1% |
| Remuneration and social security | 454/9 | - | €2,951 | +€2,951 | |
| Other amounts payable | 47/48 | €192,600 | €198,493 | +€5,893 | +3.1% |
| Accrued charges and deferred income | 492/3 | - | €72,767 | +€72,767 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,997 | €55,997 | = | 0.0% |
| Other operating charges | 640/8 | €12,789 | €13,275 | +€486 | +3.8% |
| Gross operating margin | 9900 | €196,496 | €189,402 | -€7,094 | -3.6% |
| Operating profit (loss) | 9901 | €127,710 | €120,131 | -€7,580 | -5.9% |
| Financial charges | 65/66B | €23,343 | €18,780 | -€4,563 | -19.5% |
| Recurring financial charges | 65 | €23,343 | €18,780 | -€4,563 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €104,368 | €101,351 | -€3,017 | -2.9% |
| Income taxes | 67/77 | €33,602 | €32,364 | -€1,238 | -3.7% |
| Profit (loss) for the period | 9904 | €70,766 | €68,987 | -€1,779 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,766 | €68,987 | -€1,779 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.