GROPIUS: 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.
GROPIUS
Largest movements
- Stocks and contracts -€349,410
down €349,410 (-35.6%), from €980,459 to €631,049
- Profit (loss) carried forward -€377,380
down €377,380 (-45.0%), from -€838,925 to -€1.2m
- Other debts +€26,574
up €26,574 (+1.0%), from €2.7m to €2.7m
- Write-downs +€350,000
new in 2025: €350,000
- Financial charges -€129,567
down €129,567 (-82.1%), from €157,898 to €28,331
- Financial income +€12,437
up €12,437 (+75.3%), from €16,513 to €28,950
- Gross operating margin +€5,839
up €5,839 (+18.0%), from -€32,465 to -€26,626
- Depreciation -€1,420
down €1,420 (-84.8%), from €1,674 to €254
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 | €2,088,552 | €1,731,926 | -€356,626 | -17.1% |
| Fixed assets | 21/28 | €10,122 | €11,010 | +€888 | +8.8% |
| Tangible fixed assets | 22/27 | €10,122 | €11,010 | +€888 | +8.8% |
| Land and buildings | 22 | €10,122 | €11,010 | +€888 | +8.8% |
| Current assets | 29/58 | €2,078,431 | €1,720,916 | -€357,515 | -17.2% |
| Stocks and contracts in progress | 3 | €980,459 | €631,049 | -€349,410 | -35.6% |
| Stocks | 30/36 | €980,459 | €631,049 | -€349,410 | -35.6% |
| Amounts receivable within one year | 40/41 | €1,097,735 | €1,089,400 | -€8,336 | -0.8% |
| Trade receivables | 40 | €5,878 | - | -€5,878 | |
| Other amounts receivable | 41 | €1,091,858 | €1,089,400 | -€2,458 | -0.2% |
| Cash at bank and in hand | 54/58 | €236 | €467 | +€231 | +98.0% |
| Total equity and liabilities | 10/49 | €2,088,552 | €1,731,926 | -€356,626 | -17.1% |
| Equity | 10/15 | -€832,725 | -€1,210,105 | -€377,380 | -45.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€838,925 | -€1,216,305 | -€377,380 | -45.0% |
| Amounts payable | 17/49 | €2,921,277 | €2,942,031 | +€20,753 | +0.7% |
| Amounts payable within one year | 42/48 | €2,921,233 | €2,942,031 | +€20,797 | +0.7% |
| Trade debts | 44 | €13,833 | €7,372 | -€6,461 | -46.7% |
| Suppliers | 440/4 | €13,833 | €7,372 | -€6,461 | -46.7% |
| Advances received on contracts in progress | 46 | €250,000 | €250,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €685 | +€685 | |
| Taxes | 450/3 | - | €685 | +€685 | |
| Other amounts payable | 47/48 | €2,657,400 | €2,683,974 | +€26,574 | +1.0% |
| Accrued charges and deferred income | 492/3 | €44 | - | -€44 | |
| Non-recurring operating income | 76A | €3,686 | €4,383 | +€697 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €254 | -€1,420 | -84.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €350,000 | +€350,000 | |
| Other operating charges | 640/8 | €1,641 | €1,118 | -€522 | -31.8% |
| Non-recurring operating charges | 66A | €19,785 | - | -€19,785 | |
| Gross operating margin | 9900 | -€32,465 | -€26,626 | +€5,839 | +18.0% |
| Operating profit (loss) | 9901 | -€55,565 | -€377,999 | -€322,434 | -580% |
| Financial income | 75/76B | €16,513 | €28,950 | +€12,437 | +75.3% |
| Recurring financial income | 75 | €16,513 | €28,950 | +€12,437 | +75.3% |
| Financial charges | 65/66B | €157,898 | €28,331 | -€129,567 | -82.1% |
| Recurring financial charges | 65 | €157,898 | €28,331 | -€129,567 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | -€196,949 | -€377,380 | -€180,430 | -91.6% |
| Profit (loss) for the period | 9904 | -€196,949 | -€377,380 | -€180,430 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€196,949 | -€377,380 | -€180,430 | -91.6% |
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 14 October 2026 via checked.be.