GRONDWERKEN GROAP: 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.
GRONDWERKEN GROAP
Largest movements
- Tangible fixed assets +€75,349
up €75,349 (+53.1%), from €141,872 to €217,220
of which Plant, machinery and equipment: +€70,791
- Cash +€33,875
up €33,875 (+279%), from €12,145 to €46,020
mainly Depreciation (+€59,894) and Debts after one year (+€59,551)
- Stocks and contracts +€27,456
up €27,456 (+178%), from €15,444 to €42,900
- Receivables within one year -€14,465
down €14,465 (-33.7%), from €42,872 to €28,407
of which Trade receivables: -€30,214
- Debts after one year +€59,551
up €59,551 (+68.9%), from €86,470 to €146,021
- Trade debts +€36,248
up €36,248 (+140%), from €25,839 to €62,087
- Current portion of long-term debt +€18,627
up €18,627 (+41.0%), from €45,465 to €64,091
- Tax, wage and social debts +€5,075
up €5,075 (+100%), from €5,051 to €10,126
- Depreciation +€15,832
up €15,832 (+35.9%), from €44,062 to €59,894
- Gross operating margin +€8,905
up €8,905 (+13.7%), from €65,078 to €73,982
- Taxes -€1,331
down €1,331 (-26.4%), from €5,051 to €3,720
- Financial charges +€1,176
up €1,176 (+22.5%), from €5,235 to €6,411
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 | €212,333 | €334,547 | +€122,214 | +57.6% |
| Fixed assets | 21/28 | €141,872 | €217,220 | +€75,349 | +53.1% |
| Tangible fixed assets | 22/27 | €141,872 | €217,220 | +€75,349 | +53.1% |
| Plant, machinery and equipment | 23 | €43,257 | €114,048 | +€70,791 | +164% |
| Furniture and vehicles | 24 | €98,615 | €103,172 | +€4,558 | +4.6% |
| Current assets | 29/58 | €70,461 | €117,327 | +€46,866 | +66.5% |
| Stocks and contracts in progress | 3 | €15,444 | €42,900 | +€27,456 | +178% |
| Contracts in progress | 37 | €15,444 | €42,900 | +€27,456 | +178% |
| Amounts receivable within one year | 40/41 | €42,872 | €28,407 | -€14,465 | -33.7% |
| Trade receivables | 40 | €37,484 | €7,270 | -€30,214 | -80.6% |
| Other amounts receivable | 41 | €5,388 | €21,137 | +€15,749 | +292% |
| Cash at bank and in hand | 54/58 | €12,145 | €46,020 | +€33,875 | +279% |
| Total equity and liabilities | 10/49 | €212,333 | €334,547 | +€122,214 | +57.6% |
| Equity | 10/15 | €48,608 | €51,797 | +€3,189 | +6.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,108 | €49,297 | +€3,189 | +6.9% |
| Distributable reserves | 133 | €46,108 | €49,297 | +€3,189 | +6.9% |
| Amounts payable | 17/49 | €163,725 | €282,750 | +€119,025 | +72.7% |
| Amounts payable after more than one year | 17 | €86,470 | €146,021 | +€59,551 | +68.9% |
| Financial debts | 170/4 | €86,470 | €146,021 | +€59,551 | +68.9% |
| Amounts payable within one year | 42/48 | €77,254 | €136,304 | +€59,050 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | €45,465 | €64,091 | +€18,627 | +41.0% |
| Trade debts | 44 | €25,839 | €62,087 | +€36,248 | +140% |
| Suppliers | 440/4 | €25,839 | €62,087 | +€36,248 | +140% |
| Advances received on contracts in progress | 46 | €856 | - | -€856 | |
| Taxes, remuneration and social security | 45 | €5,051 | €10,126 | +€5,075 | +100% |
| Taxes | 450/3 | €5,051 | €10,126 | +€5,075 | +100% |
| Other amounts payable | 47/48 | €44 | - | -€44 | |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Non-recurring operating income | 76A | €619 | - | -€619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,062 | €59,894 | +€15,832 | +35.9% |
| Other operating charges | 640/8 | €1,128 | €778 | -€350 | -31.0% |
| Gross operating margin | 9900 | €65,078 | €73,982 | +€8,905 | +13.7% |
| Operating profit (loss) | 9901 | €19,887 | €13,310 | -€6,577 | -33.1% |
| Financial income | 75/76B | €2 | €10 | +€8 | +476% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +476% |
| Financial charges | 65/66B | €5,235 | €6,411 | +€1,176 | +22.5% |
| Recurring financial charges | 65 | €5,235 | €6,411 | +€1,176 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €14,654 | €6,909 | -€7,745 | -52.9% |
| Income taxes | 67/77 | €5,051 | €3,720 | -€1,331 | -26.4% |
| Profit (loss) for the period | 9904 | €9,603 | €3,189 | -€6,414 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,603 | €3,189 | -€6,414 | -66.8% |
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 28 October 2026 via checked.be.