GRONDWIJZER: 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.
GRONDWIJZER
Largest movements
- Cash +€74,657
up €74,657 (+490%), from €15,232 to €89,890
mainly Trade debts (+€68,268) and Receivables within one year (+€16,944)
- Receivables within one year -€16,944
down €16,944 (-11.0%), from €154,725 to €137,781
of which Trade receivables: -€17,339
- Tangible fixed assets +€12,558
up €12,558 (+260%), from €4,830 to €17,388
- Trade debts +€68,268
up €68,268 (+125%), from €54,583 to €122,851
- Profit (loss) carried forward +€3,362
up €3,362 (+57.6%), from €5,838 to €9,200
- Write-downs -€11,071
down €11,071, from €6,301 to -€4,770
- Staff costs +€7,093
up €7,093 (+3.5%), from €204,975 to €212,068
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 | €174,787 | €245,059 | +€70,272 | +40.2% |
| Fixed assets | 21/28 | €4,830 | €17,388 | +€12,558 | +260% |
| Tangible fixed assets | 22/27 | €4,830 | €17,388 | +€12,558 | +260% |
| Assets under construction and advance payments | 27 | €4,830 | €17,388 | +€12,558 | +260% |
| Current assets | 29/58 | €169,957 | €227,671 | +€57,714 | +34.0% |
| Amounts receivable within one year | 40/41 | €154,725 | €137,781 | -€16,944 | -11.0% |
| Trade receivables | 40 | €154,725 | €137,386 | -€17,339 | -11.2% |
| Other amounts receivable | 41 | - | €395 | +€395 | |
| Cash at bank and in hand | 54/58 | €15,232 | €89,890 | +€74,657 | +490% |
| Total equity and liabilities | 10/49 | €174,787 | €245,059 | +€70,272 | +40.2% |
| Equity | 10/15 | €47,838 | €51,200 | +€3,362 | +7.0% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,838 | €9,200 | +€3,362 | +57.6% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €101,949 | €168,859 | +€66,909 | +65.6% |
| Amounts payable within one year | 42/48 | €101,949 | €168,859 | +€66,909 | +65.6% |
| Trade debts | 44 | €54,583 | €122,851 | +€68,268 | +125% |
| Suppliers | 440/4 | €54,583 | €122,851 | +€68,268 | +125% |
| Taxes, remuneration and social security | 45 | €47,367 | €46,008 | -€1,358 | -2.9% |
| Taxes | 450/3 | €11,555 | €7,766 | -€3,789 | -32.8% |
| Remuneration and social security | 454/9 | €35,812 | €38,242 | +€2,430 | +6.8% |
| Remuneration, social security and pensions | 62 | €204,975 | €212,068 | +€7,093 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,301 | -€4,770 | -€11,071 | |
| Other operating charges | 640/8 | €1,110 | €630 | -€480 | -43.3% |
| Gross operating margin | 9900 | €213,054 | €211,780 | -€1,274 | -0.6% |
| Operating profit (loss) | 9901 | €668 | €3,852 | +€3,184 | +477% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €520 | €490 | -€30 | -5.7% |
| Recurring financial charges | 65 | €520 | €490 | -€30 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €157 | €3,362 | +€3,205 | +2,039% |
| Profit (loss) for the period | 9904 | €157 | €3,362 | +€3,205 | +2,039% |
| Profit (loss) for the period to be appropriated | 9905 | €157 | €3,362 | +€3,205 | +2,039% |
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 18 October 2026 via checked.be.