Grondwerken VRB: 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 VRB
Largest movements
- Tangible fixed assets -€39,426
down €39,426 (-24.0%), from €164,140 to €124,714
of which Leasing and similar rights: -€27,277
- Receivables within one year +€18,982
up €18,982 (+21.2%), from €89,377 to €108,359
of which Trade receivables: +€14,274
- Debts after one year -€44,282
down €44,282 (-63.5%), from €69,759 to €25,478
- Other debts -€25,500
down €25,500 (-100%), from €25,500 to €0
- Trade debts +€24,430
up €24,430 (+74.1%), from €32,972 to €57,402
- Accrued charges and deferred income +€17,328
up €17,328, from €0 to €17,328
- Reserves +€6,171
up €6,171 (+12.6%), from €48,882 to €55,053
- Gross operating margin -€36,704
down €36,704 (-25.5%), from €143,662 to €106,959
- Staff costs -€21,757
down €21,757 (-43.9%), from €49,603 to €27,846
- Other operating charges +€17,664
up €17,664 (+1,867%), from €946 to €18,611
- Financial charges +€4,170
up €4,170 (+54.3%), from €7,685 to €11,854
- Taxes -€2,239
down €2,239 (-44.2%), from €5,062 to €2,823
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,923 | €234,845 | -€19,078 | -7.5% |
| Fixed assets | 21/28 | €164,140 | €124,915 | -€39,225 | -23.9% |
| Tangible fixed assets | 22/27 | €164,140 | €124,714 | -€39,426 | -24.0% |
| Plant, machinery and equipment | 23 | €48,942 | €37,919 | -€11,023 | -22.5% |
| Furniture and vehicles | 24 | €4,310 | €3,184 | -€1,126 | -26.1% |
| Leasing and similar rights | 25 | €110,889 | €83,611 | -€27,277 | -24.6% |
| Financial fixed assets | 28 | - | €201 | +€201 | |
| Current assets | 29/58 | €89,782 | €109,929 | +€20,147 | +22.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €89,377 | €108,359 | +€18,982 | +21.2% |
| Trade receivables | 40 | €58,723 | €72,997 | +€14,274 | +24.3% |
| Other amounts receivable | 41 | €30,654 | €35,362 | +€4,708 | +15.4% |
| Deferred charges and accrued income | 490/1 | €406 | €1,570 | +€1,165 | +287% |
| Total equity and liabilities | 10/49 | €253,923 | €234,845 | -€19,078 | -7.5% |
| Equity | 10/15 | €51,382 | €57,553 | +€6,171 | +12.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,882 | €55,053 | +€6,171 | +12.6% |
| Distributable reserves | 133 | €48,882 | €55,053 | +€6,171 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €202,540 | €177,291 | -€25,249 | -12.5% |
| Amounts payable after more than one year | 17 | €69,759 | €25,478 | -€44,282 | -63.5% |
| Financial debts | 170/4 | €69,759 | €25,478 | -€44,282 | -63.5% |
| Amounts payable within one year | 42/48 | €132,781 | €134,485 | +€1,705 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €44,961 | €44,956 | -€5 | 0.0% |
| Financial debts | 43 | €8,181 | €10,242 | +€2,061 | +25.2% |
| Credit institutions | 430/8 | €8,181 | €10,242 | +€2,061 | +25.2% |
| Trade debts | 44 | €32,972 | €57,402 | +€24,430 | +74.1% |
| Suppliers | 440/4 | €32,972 | €57,402 | +€24,430 | +74.1% |
| Taxes, remuneration and social security | 45 | €21,167 | €21,885 | +€718 | +3.4% |
| Taxes | 450/3 | €18,027 | €17,452 | -€575 | -3.2% |
| Remuneration and social security | 454/9 | €3,140 | €4,433 | +€1,292 | +41.2% |
| Other amounts payable | 47/48 | €25,500 | €0 | -€25,500 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €17,328 | +€17,328 | |
| Non-recurring operating income | 76A | €3,243 | €0 | -€3,243 | -100% |
| Remuneration, social security and pensions | 62 | €49,603 | €27,846 | -€21,757 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,168 | €40,551 | +€1,383 | +3.5% |
| Other operating charges | 640/8 | €946 | €18,611 | +€17,664 | +1,867% |
| Gross operating margin | 9900 | €143,662 | €106,959 | -€36,704 | -25.5% |
| Operating profit (loss) | 9901 | €53,945 | €19,951 | -€33,994 | -63.0% |
| Financial income | 75/76B | €382 | €898 | +€516 | +135% |
| Recurring financial income | 75 | €382 | €898 | +€516 | +135% |
| Financial charges | 65/66B | €7,685 | €11,854 | +€4,170 | +54.3% |
| Recurring financial charges | 65 | €7,685 | €11,854 | +€4,170 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €46,642 | €8,994 | -€37,648 | -80.7% |
| Income taxes | 67/77 | €5,062 | €2,823 | -€2,239 | -44.2% |
| Profit (loss) for the period | 9904 | €41,580 | €6,171 | -€35,409 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,580 | €6,171 | -€35,409 | -85.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.