GROOND: 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.
GROOND
Largest movements
- Stocks and contracts -€530,324
no longer reported in 2025 (was €530,324)
- Cash +€57,182
up €57,182 (+24.1%), from €236,902 to €294,084
mainly Stocks and contracts (+€530,324) and Net result for the year (+€246,360)
- Advances received -€522,750
no longer reported in 2025 (was €522,750)
- Other debts +€30,000
up €30,000 (+15.0%), from €200,000 to €230,000
- Profit (loss) carried forward +€16,360
up €16,360, from -€9,919 to €6,441
- Gross operating margin +€321,183
up €321,183, from -€2,007 to €319,175
- Taxes +€72,147
new in 2025: €72,147
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.
Cash bridge derived
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 | €767,226 | €294,218 | -€473,008 | -61.7% |
| Current assets | 29/58 | €767,226 | €294,218 | -€473,008 | -61.7% |
| Stocks and contracts in progress | 3 | €530,324 | - | -€530,324 | |
| Contracts in progress | 37 | €530,324 | - | -€530,324 | |
| Amounts receivable within one year | 40/41 | - | €134 | +€134 | |
| Trade receivables | 40 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €236,902 | €294,084 | +€57,182 | +24.1% |
| Total equity and liabilities | 10/49 | €767,226 | €294,218 | -€473,008 | -61.7% |
| Equity | 10/15 | €40,081 | €56,441 | +€16,360 | +40.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,919 | €6,441 | +€16,360 | |
| Amounts payable | 17/49 | €727,145 | €237,777 | -€489,368 | -67.3% |
| Amounts payable within one year | 42/48 | €727,145 | €237,777 | -€489,368 | -67.3% |
| Trade debts | 44 | €4,395 | €5,630 | +€1,235 | +28.1% |
| Suppliers | 440/4 | €4,395 | €5,630 | +€1,235 | +28.1% |
| Advances received on contracts in progress | 46 | €522,750 | - | -€522,750 | |
| Taxes, remuneration and social security | 45 | - | €2,147 | +€2,147 | |
| Taxes | 450/3 | - | €2,147 | +€2,147 | |
| Other amounts payable | 47/48 | €200,000 | €230,000 | +€30,000 | +15.0% |
| Other operating charges | 640/8 | €506 | €550 | +€44 | +8.7% |
| Gross operating margin | 9900 | -€2,007 | €319,175 | +€321,183 | |
| Operating profit (loss) | 9901 | -€2,513 | €318,626 | +€321,138 | |
| Financial charges | 65/66B | €130 | €119 | -€11 | -8.5% |
| Recurring financial charges | 65 | €130 | €119 | -€11 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,643 | €318,507 | +€321,149 | |
| Income taxes | 67/77 | - | €72,147 | +€72,147 | |
| Profit (loss) for the period | 9904 | -€2,643 | €246,360 | +€249,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,643 | €246,360 | +€249,002 |
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 10 October 2026 via checked.be.