Grondwerken Michael Boon: what changed
Grondwerken Michael Boon
Largest movements
- Receivables within one year +€210,186
up €210,186 (+43.9%), from €479,058 to €689,243
of which Other amounts receivable: +€239,070
- Cash -€113,855
down €113,855 (-78.7%), from €144,732 to €30,876
mainly Investment in fixed assets (net) (-€391,907) and Receivables within one year (-€210,186)
- Tangible fixed assets +€103,313
up €103,313 (+18.5%), from €559,516 to €662,828
- Trade debts +€238,187
up €238,187 (+117%), from €203,941 to €442,128
- Reserves +€184,627
up €184,627 (+190%), from €96,952 to €281,579
- Debts after one year -€114,763
down €114,763 (-65.8%), from €174,327 to €59,564
- Tax, wage and social debts -€77,993
down €77,993 (-42.3%), from €184,463 to €106,470
of which Remuneration and social security: -€141,425
- Other debts -€27,826
down €27,826 (-100%), from €27,826 to €0
- Gross operating margin +€225,363
up €225,363 (+48.5%), from €465,085 to €690,448
- Staff costs -€72,141
down €72,141 (-48.7%), from €148,104 to €75,963
- Depreciation +€64,667
up €64,667 (+29.5%), from €219,177 to €283,844
- Taxes +€55,642
up €55,642 (+1,688%), from €3,297 to €58,939
- Financial charges +€36,427
up €36,427 (+237%), from €15,379 to €51,806
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,186,555 | €1,394,799 | +€208,245 | +17.6% |
| Fixed assets | 21/28 | €562,766 | €670,828 | +€108,063 | +19.2% |
| Intangible fixed assets | 21 | €250 | €0 | -€250 | -100% |
| Tangible fixed assets | 22/27 | €559,516 | €662,828 | +€103,313 | +18.5% |
| Plant, machinery and equipment | 23 | €72,253 | €110,516 | +€38,263 | +53.0% |
| Furniture and vehicles | 24 | €373,599 | €416,826 | +€43,227 | +11.6% |
| Leasing and similar rights | 25 | €113,664 | €135,486 | +€21,823 | +19.2% |
| Financial fixed assets | 28 | €3,000 | €8,000 | +€5,000 | +167% |
| Current assets | 29/58 | €623,789 | €723,971 | +€100,182 | +16.1% |
| Amounts receivable within one year | 40/41 | €479,058 | €689,243 | +€210,186 | +43.9% |
| Trade receivables | 40 | €433,734 | €404,850 | -€28,884 | -6.7% |
| Other amounts receivable | 41 | €45,323 | €284,393 | +€239,070 | +527% |
| Cash at bank and in hand | 54/58 | €144,732 | €30,876 | -€113,855 | -78.7% |
| Deferred charges and accrued income | 490/1 | €0 | €3,851 | +€3,851 | |
| Total equity and liabilities | 10/49 | €1,186,555 | €1,394,799 | +€208,245 | +17.6% |
| Equity | 10/15 | €118,781 | €303,408 | +€184,627 | +155% |
| Contributions | 10/11 | €21,829 | €21,829 | = | 0.0% |
| Reserves | 13 | €96,952 | €281,579 | +€184,627 | +190% |
| Distributable reserves | 133 | €96,952 | €281,579 | +€184,627 | +190% |
| Amounts payable | 17/49 | €1,067,774 | €1,091,392 | +€23,618 | +2.2% |
| Amounts payable after more than one year | 17 | €174,327 | €59,564 | -€114,763 | -65.8% |
| Financial debts | 170/4 | €174,327 | €59,564 | -€114,763 | -65.8% |
| Amounts payable within one year | 42/48 | €444,815 | €598,812 | +€153,997 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €28,585 | €50,214 | +€21,629 | +75.7% |
| Trade debts | 44 | €203,941 | €442,128 | +€238,187 | +117% |
| Suppliers | 440/4 | €203,941 | €442,128 | +€238,187 | +117% |
| Taxes, remuneration and social security | 45 | €184,463 | €106,470 | -€77,993 | -42.3% |
| Taxes | 450/3 | €20,353 | €83,785 | +€63,432 | +312% |
| Remuneration and social security | 454/9 | €164,110 | €22,685 | -€141,425 | -86.2% |
| Other amounts payable | 47/48 | €27,826 | €0 | -€27,826 | -100% |
| Accrued charges and deferred income | 492/3 | €448,631 | €433,015 | -€15,616 | -3.5% |
| Non-recurring operating income | 76A | - | €111,879 | +€111,879 | |
| Remuneration, social security and pensions | 62 | €148,104 | €75,963 | -€72,141 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,177 | €283,844 | +€64,667 | +29.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,890 | €22,813 | +€11,923 | +109% |
| Non-recurring operating charges | 66A | €56,062 | €12,731 | -€43,331 | -77.3% |
| Gross operating margin | 9900 | €465,085 | €690,448 | +€225,363 | +48.5% |
| Operating profit (loss) | 9901 | €30,853 | €295,097 | +€264,244 | +856% |
| Financial income | 75/76B | €0 | €275 | +€275 | |
| Recurring financial income | 75 | €0 | €275 | +€275 | |
| Financial charges | 65/66B | €15,379 | €51,806 | +€36,427 | +237% |
| Recurring financial charges | 65 | €15,379 | €51,806 | +€36,427 | +237% |
| Profit (loss) for the period before taxes | 9903 | €15,474 | €243,565 | +€228,092 | +1,474% |
| Income taxes | 67/77 | €3,297 | €58,939 | +€55,642 | +1,688% |
| Profit (loss) for the period | 9904 | €12,177 | €184,627 | +€172,450 | +1,416% |
| Profit (loss) for the period to be appropriated | 9905 | €12,177 | €184,627 | +€172,450 | +1,416% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.