Grondzaak: 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.
Grondzaak
Largest movements
- Deferred charges and accrued income +€31,231
up €31,231 (+73.7%), from €42,394 to €73,625
- Debts after one year +€528,000
up €528,000 (+173%), from €305,000 to €833,000
- Short-term financial debts -€516,181
down €516,181 (-100%), from €516,181 to €0
- Other debts +€49,000
up €49,000 (+36.8%), from €133,188 to €182,188
- Profit (loss) carried forward -€10,917
down €10,917 (-20.8%), from -€52,448 to -€63,364
- Financial charges -€13,759
down €13,759 (-100%), from €13,759 to €0
- Gross operating margin -€5,583
down €5,583 (-140%), from -€3,986 to -€9,568
- Other operating charges -€486
down €486 (-29.1%), from €1,671 to €1,184
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 | €990,510 | €1,039,069 | +€48,559 | +4.9% |
| Formation expenses | 20 | €164 | €0 | -€164 | -100% |
| Fixed assets | 21/28 | €946,953 | €954,353 | +€7,400 | +0.8% |
| Tangible fixed assets | 22/27 | €901,233 | €908,633 | +€7,400 | +0.8% |
| Land and buildings | 22 | €901,233 | €908,633 | +€7,400 | +0.8% |
| Financial fixed assets | 28 | €45,720 | €45,720 | = | 0.0% |
| Current assets | 29/58 | €43,394 | €84,717 | +€41,323 | +95.2% |
| Amounts receivable within one year | 40/41 | €1,000 | €6,000 | +€5,000 | +500% |
| Other amounts receivable | 41 | €1,000 | €6,000 | +€5,000 | +500% |
| Cash at bank and in hand | 54/58 | €0 | €5,092 | +€5,092 | |
| Deferred charges and accrued income | 490/1 | €42,394 | €73,625 | +€31,231 | +73.7% |
| Total equity and liabilities | 10/49 | €990,510 | €1,039,069 | +€48,559 | +4.9% |
| Equity | 10/15 | €34,639 | €23,723 | -€10,917 | -31.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Revaluation surpluses | 12 | €84,587 | €84,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,448 | -€63,364 | -€10,917 | -20.8% |
| Amounts payable | 17/49 | €955,871 | €1,015,346 | +€59,475 | +6.2% |
| Amounts payable after more than one year | 17 | €305,000 | €833,000 | +€528,000 | +173% |
| Financial debts | 170/4 | €305,000 | €833,000 | +€528,000 | +173% |
| Amounts payable within one year | 42/48 | €650,871 | €182,346 | -€468,525 | -72.0% |
| Financial debts | 43 | €516,181 | €0 | -€516,181 | -100% |
| Credit institutions | 430/8 | €516,181 | €0 | -€516,181 | -100% |
| Trade debts | 44 | €1,502 | €158 | -€1,343 | -89.5% |
| Suppliers | 440/4 | €1,502 | €158 | -€1,343 | -89.5% |
| Other amounts payable | 47/48 | €133,188 | €182,188 | +€49,000 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €164 | -€56 | -25.5% |
| Other operating charges | 640/8 | €1,671 | €1,184 | -€486 | -29.1% |
| Gross operating margin | 9900 | -€3,986 | -€9,568 | -€5,583 | -140% |
| Operating profit (loss) | 9901 | -€5,876 | -€10,917 | -€5,040 | -85.8% |
| Financial charges | 65/66B | €13,759 | €0 | -€13,759 | -100% |
| Recurring financial charges | 65 | €13,759 | €0 | -€13,759 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€19,635 | -€10,917 | +€8,718 | +44.4% |
| Profit (loss) for the period | 9904 | -€19,635 | -€10,917 | +€8,718 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,635 | -€10,917 | +€8,718 | +44.4% |
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.