GRONDWERKEN LUNOCO: 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.
What changed
GRONDWERKEN LUNOCO
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€44,748
2024 · €45,461-€713
Equity
€229,364
2024 · €243,616-€14,252
Cash
€29,360
2024 · €32,022-€2,662
Balance sheet total
€449,506
2024 · €473,649-€24,143
Largest movements
Assets
- Tangible fixed assets -€72,727
down €72,727 (-32.5%), from €223,507 to €150,781
of which Leasing and similar rights: -€41,366
- Receivables within one year +€54,323
up €54,323 (+34.8%), from €155,903 to €210,226
of which Trade receivables: +€38,281
Equity and liabilities
- Debts after one year -€30,552
down €30,552 (-39.4%), from €77,527 to €46,975
- Trade debts +€29,670
up €29,670 (+200%), from €14,838 to €44,508
- Current portion of long-term debt -€21,559
down €21,559 (-41.4%), from €52,111 to €30,552
- Reserves -€15,058
down €15,058 (-13.5%), from €111,814 to €96,756
of which Tax-exempt reserves: -€16,876
- Other debts +€11,506
up €11,506 (+17.7%), from €65,002 to €76,508
Income statement
- Gross operating margin -€4,436
down €4,436 (-3.4%), from €131,379 to €126,942
- Depreciation -€1,490
down €1,490 (-1.9%), from €79,717 to €78,227
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.
Result 2024
€45,461
Gross operating margin
-€4,436
Depreciation
+€1,490
Other operating charges
+€1,234
Other operating items
+€459
Financial income
-€609
Financial charges
+€762
Taxes
+€387
Result 2025
€44,748
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€113,949
Investment
-€5,500
Financing
-€111,111
Cash 2024
€32,022
From operations (derived)
+€113,949
Net result for the year
+€44,748
Depreciation
+€78,227
Receivables within one year
-€54,323
Deferred charges and accrued income
+€3,077
Provisions
-€4,219
Trade debts
+€29,670
Tax, wage and social debts
+€2,461
Other debts
+€11,506
Accrued charges and deferred income
+€2,802
Investment (derived)
-€5,500
Investment in fixed assets (net)
-€5,500
Financing
-€111,111
Debts after one year
-€30,552
Current portion of long-term debt
-€21,559
Contributions, distributions and other
-€59,000
Cash 2025
€29,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €473,649 | €449,506 | -€24,143 | -5.1% |
| Fixed assets | 21/28 | €223,507 | €150,781 | -€72,727 | -32.5% |
| Tangible fixed assets | 22/27 | €223,507 | €150,781 | -€72,727 | -32.5% |
| Plant, machinery and equipment | 23 | €12,697 | €7,201 | -€5,496 | -43.3% |
| Furniture and vehicles | 24 | €23,667 | €12,698 | -€10,969 | -46.3% |
| Leasing and similar rights | 25 | €96,717 | €55,351 | -€41,366 | -42.8% |
| Other tangible fixed assets | 26 | €90,426 | €75,531 | -€14,895 | -16.5% |
| Current assets | 29/58 | €250,142 | €298,725 | +€48,584 | +19.4% |
| Amounts receivable after more than one year | 29 | €42,871 | €42,871 | = | 0.0% |
| Other amounts receivable | 291 | €42,871 | €42,871 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €155,903 | €210,226 | +€54,323 | +34.8% |
| Trade receivables | 40 | €90,936 | €129,218 | +€38,281 | +42.1% |
| Other amounts receivable | 41 | €64,967 | €81,009 | +€16,041 | +24.7% |
| Cash at bank and in hand | 54/58 | €32,022 | €29,360 | -€2,662 | -8.3% |
| Deferred charges and accrued income | 490/1 | €19,345 | €16,268 | -€3,077 | -15.9% |
| Total equity and liabilities | 10/49 | €473,649 | €449,506 | -€24,143 | -5.1% |
| Equity | 10/15 | €243,616 | €229,364 | -€14,252 | -5.9% |
| Contributions | 10/11 | €6,225 | €6,225 | = | 0.0% |
| Reserves | 13 | €111,814 | €96,756 | -€15,058 | -13.5% |
| Tax-exempt reserves | 132 | €51,772 | €34,896 | -€16,876 | -32.6% |
| Distributable reserves | 133 | €60,042 | €61,860 | +€1,818 | +3.0% |
| Profit (loss) carried forward | 14 | €125,577 | €126,383 | +€806 | +0.6% |
| Provisions and deferred taxes | 16 | €12,730 | €8,511 | -€4,219 | -33.1% |
| Deferred taxes | 168 | €12,730 | €8,511 | -€4,219 | -33.1% |
| Amounts payable | 17/49 | €217,303 | €211,631 | -€5,672 | -2.6% |
| Amounts payable after more than one year | 17 | €77,527 | €46,975 | -€30,552 | -39.4% |
| Financial debts | 170/4 | €77,527 | €46,975 | -€30,552 | -39.4% |
| Amounts payable within one year | 42/48 | €139,775 | €161,854 | +€22,078 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €52,111 | €30,552 | -€21,559 | -41.4% |
| Trade debts | 44 | €14,838 | €44,508 | +€29,670 | +200% |
| Suppliers | 440/4 | €14,838 | €44,508 | +€29,670 | +200% |
| Taxes, remuneration and social security | 45 | €7,824 | €10,285 | +€2,461 | +31.5% |
| Taxes | 450/3 | €7,824 | €10,285 | +€2,461 | +31.5% |
| Other amounts payable | 47/48 | €65,002 | €76,508 | +€11,506 | +17.7% |
| Accrued charges and deferred income | 492/3 | - | €2,802 | +€2,802 | |
| Non-recurring operating income | 76A | €10,400 | €4,434 | -€5,966 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,717 | €78,227 | -€1,490 | -1.9% |
| Other operating charges | 640/8 | €5,914 | €4,680 | -€1,234 | -20.9% |
| Non-recurring operating charges | 66A | €1,262 | €803 | -€459 | -36.4% |
| Gross operating margin | 9900 | €131,379 | €126,942 | -€4,436 | -3.4% |
| Operating profit (loss) | 9901 | €44,486 | €43,232 | -€1,253 | -2.8% |
| Financial income | 75/76B | €5,128 | €4,519 | -€609 | -11.9% |
| Recurring financial income | 75 | €5,128 | €4,519 | -€609 | -11.9% |
| Financial charges | 65/66B | €5,829 | €5,067 | -€762 | -13.1% |
| Recurring financial charges | 65 | €5,829 | €5,067 | -€762 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €43,785 | €42,684 | -€1,101 | -2.5% |
| Transfer from deferred taxes | 780 | €4,219 | €4,219 | = | 0.0% |
| Income taxes | 67/77 | €2,543 | €2,156 | -€387 | -15.2% |
| Profit (loss) for the period | 9904 | €45,461 | €44,748 | -€713 | -1.6% |
| Transfer from tax-exempt reserves | 789 | €16,876 | €16,876 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,337 | €61,624 | -€713 | -1.1% |
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 27 October 2026 via checked.be.