Grondwerken Persoons: 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 Persoons
Largest movements
- Tangible fixed assets -€126,487
down €126,487 (-8.9%), from €1.4m to €1.3m
of which Plant, machinery and equipment: -€72,200
- Cash -€64,489
down €64,489 (-55.1%), from €117,128 to €52,638
mainly Investment in fixed assets (net) (-€104,667) and Trade debts (-€91,300)
- Stocks and contracts +€23,978
new in 2025: €23,978
- Trade debts -€91,300
down €91,300 (-75.9%), from €120,320 to €29,020
- Debts after one year -€69,407
down €69,407 (-6.9%), from €1.0m to €940,030
- Current portion of long-term debt +€26,385
up €26,385 (+15.7%), from €168,373 to €194,757
- Financial income -€101,944
down €101,944 (-100.0%), from €101,951 to €7
of which Non-recurring financial income: -€101,950
- Gross operating margin +€84,294
up €84,294 (+22.4%), from €376,212 to €460,506
- Staff costs +€13,727
up €13,727 (+8.7%), from €158,533 to €172,261
- Depreciation -€5,837
down €5,837 (-2.5%), from €236,991 to €231,154
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 | €1,756,668 | €1,602,371 | -€154,297 | -8.8% |
| Fixed assets | 21/28 | €1,413,902 | €1,287,415 | -€126,487 | -8.9% |
| Tangible fixed assets | 22/27 | €1,413,902 | €1,287,415 | -€126,487 | -8.9% |
| Land and buildings | 22 | €590,093 | €546,886 | -€43,207 | -7.3% |
| Plant, machinery and equipment | 23 | €255,311 | €183,110 | -€72,200 | -28.3% |
| Furniture and vehicles | 24 | €91,740 | €113,732 | +€21,992 | +24.0% |
| Leasing and similar rights | 25 | €476,759 | €443,687 | -€33,072 | -6.9% |
| Current assets | 29/58 | €342,766 | €314,956 | -€27,810 | -8.1% |
| Stocks and contracts in progress | 3 | - | €23,978 | +€23,978 | |
| Contracts in progress | 37 | - | €23,978 | +€23,978 | |
| Amounts receivable within one year | 40/41 | €225,050 | €227,356 | +€2,306 | +1.0% |
| Trade receivables | 40 | €178,599 | €172,874 | -€5,725 | -3.2% |
| Other amounts receivable | 41 | €46,452 | €54,482 | +€8,030 | +17.3% |
| Cash at bank and in hand | 54/58 | €117,128 | €52,638 | -€64,489 | -55.1% |
| Deferred charges and accrued income | 490/1 | €588 | €10,983 | +€10,395 | +1,768% |
| Total equity and liabilities | 10/49 | €1,756,668 | €1,602,371 | -€154,297 | -8.8% |
| Equity | 10/15 | €98,283 | €101,349 | +€3,066 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,493 | €142,560 | +€3,066 | +2.2% |
| Distributable reserves | 133 | €139,493 | €142,560 | +€3,066 | +2.2% |
| Profit (loss) carried forward | 14 | -€47,411 | -€47,411 | = | 0.0% |
| Amounts payable | 17/49 | €1,658,385 | €1,501,022 | -€157,363 | -9.5% |
| Amounts payable after more than one year | 17 | €1,009,437 | €940,030 | -€69,407 | -6.9% |
| Financial debts | 170/4 | €1,009,437 | €940,030 | -€69,407 | -6.9% |
| Amounts payable within one year | 42/48 | €647,969 | €555,818 | -€92,151 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €168,373 | €194,757 | +€26,385 | +15.7% |
| Financial debts | 43 | €73,080 | €70,945 | -€2,135 | -2.9% |
| Credit institutions | 430/8 | €73,080 | €70,945 | -€2,135 | -2.9% |
| Trade debts | 44 | €120,320 | €29,020 | -€91,300 | -75.9% |
| Suppliers | 440/4 | €120,320 | €29,020 | -€91,300 | -75.9% |
| Taxes, remuneration and social security | 45 | €19,801 | €8,543 | -€11,259 | -56.9% |
| Taxes | 450/3 | €6,646 | €3,143 | -€3,503 | -52.7% |
| Remuneration and social security | 454/9 | €13,156 | €5,400 | -€7,756 | -59.0% |
| Other amounts payable | 47/48 | €266,395 | €252,553 | -€13,842 | -5.2% |
| Accrued charges and deferred income | 492/3 | €979 | €5,174 | +€4,195 | +428% |
| Non-recurring operating income | 76A | - | €1,586 | +€1,586 | |
| Remuneration, social security and pensions | 62 | €158,533 | €172,261 | +€13,727 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,991 | €231,154 | -€5,837 | -2.5% |
| Other operating charges | 640/8 | €11,609 | €10,514 | -€1,095 | -9.4% |
| Non-recurring operating charges | 66A | - | €3,465 | +€3,465 | |
| Gross operating margin | 9900 | €376,212 | €460,506 | +€84,294 | +22.4% |
| Operating profit (loss) | 9901 | -€30,921 | €43,113 | +€74,034 | |
| Financial income | 75/76B | €101,951 | €7 | -€101,944 | -100.0% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +688% |
| Non-recurring financial income | 76B | €101,950 | - | -€101,950 | |
| Financial charges | 65/66B | €39,832 | €39,747 | -€85 | -0.2% |
| Recurring financial charges | 65 | €39,832 | €39,747 | -€85 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €31,198 | €3,373 | -€27,825 | -89.2% |
| Income taxes | 67/77 | €2,836 | €307 | -€2,530 | -89.2% |
| Profit (loss) for the period | 9904 | €28,362 | €3,066 | -€25,296 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,362 | €3,066 | -€25,296 | -89.2% |
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 24 October 2026 via checked.be.