Grote Markt: 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.
Grote Markt
Largest movements
- Stocks and contracts -€11,094
down €11,094 (-7.3%), from €151,139 to €140,045
- Cash +€9,670
up €9,670 (+20.9%), from €46,296 to €55,966
mainly Depreciation (+€14,551) and Stocks and contracts (+€11,094)
- Tangible fixed assets -€9,366
down €9,366 (-6.6%), from €142,738 to €133,373
of which Land and buildings: -€11,688
- Financial fixed assets +€9,051
up €9,051 (+1,217%), from €744 to €9,795
- Receivables within one year +€6,543
up €6,543 (+12.6%), from €51,970 to €58,513
of which Trade receivables: +€6,742
- Debts after one year -€13,038
down €13,038 (-9.8%), from €133,163 to €120,125
- Trade debts +€10,780
up €10,780 (+25.7%), from €41,884 to €52,664
- Other debts +€10,000
up €10,000 (+17.2%), from €58,000 to €68,000
- Staff costs -€17,015
down €17,015 (-13.0%), from €131,118 to €114,103
- Gross operating margin -€14,572
down €14,572 (-9.6%), from €152,270 to €137,697
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 | €395,192 | €398,982 | +€3,791 | +1.0% |
| Fixed assets | 21/28 | €145,773 | €144,455 | -€1,318 | -0.9% |
| Intangible fixed assets | 21 | €2,291 | €1,287 | -€1,003 | -43.8% |
| Tangible fixed assets | 22/27 | €142,738 | €133,373 | -€9,366 | -6.6% |
| Land and buildings | 22 | €137,005 | €125,317 | -€11,688 | -8.5% |
| Plant, machinery and equipment | 23 | €5,679 | €6,931 | +€1,252 | +22.1% |
| Furniture and vehicles | 24 | €54 | €1,124 | +€1,070 | +1,969% |
| Financial fixed assets | 28 | €744 | €9,795 | +€9,051 | +1,217% |
| Current assets | 29/58 | €249,419 | €254,528 | +€5,109 | +2.0% |
| Stocks and contracts in progress | 3 | €151,139 | €140,045 | -€11,094 | -7.3% |
| Stocks | 30/36 | €151,139 | €140,045 | -€11,094 | -7.3% |
| Amounts receivable within one year | 40/41 | €51,970 | €58,513 | +€6,543 | +12.6% |
| Trade receivables | 40 | €43,093 | €49,835 | +€6,742 | +15.6% |
| Other amounts receivable | 41 | €8,877 | €8,678 | -€199 | -2.2% |
| Cash at bank and in hand | 54/58 | €46,296 | €55,966 | +€9,670 | +20.9% |
| Deferred charges and accrued income | 490/1 | €14 | €4 | -€10 | -71.8% |
| Total equity and liabilities | 10/49 | €395,192 | €398,982 | +€3,791 | +1.0% |
| Equity | 10/15 | €55,123 | €55,426 | +€303 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,531 | €36,834 | +€303 | +0.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,531 | €36,834 | +€303 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €340,069 | €343,556 | +€3,487 | +1.0% |
| Amounts payable after more than one year | 17 | €133,163 | €120,125 | -€13,038 | -9.8% |
| Financial debts | 170/4 | €133,163 | €120,125 | -€13,038 | -9.8% |
| Amounts payable within one year | 42/48 | €206,906 | €223,397 | +€16,491 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €12,875 | €13,038 | +€163 | +1.3% |
| Financial debts | 43 | €70,000 | €70,000 | = | 0.0% |
| Credit institutions | 430/8 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €41,884 | €52,664 | +€10,780 | +25.7% |
| Suppliers | 440/4 | €41,884 | €52,664 | +€10,780 | +25.7% |
| Advances received on contracts in progress | 46 | €3,745 | €214 | -€3,531 | -94.3% |
| Taxes, remuneration and social security | 45 | €20,402 | €19,481 | -€921 | -4.5% |
| Taxes | 450/3 | €368 | €2,342 | +€1,973 | +536% |
| Remuneration and social security | 454/9 | €20,034 | €17,140 | -€2,894 | -14.4% |
| Other amounts payable | 47/48 | €58,000 | €68,000 | +€10,000 | +17.2% |
| Accrued charges and deferred income | 492/3 | €0 | €34 | +€34 | |
| Remuneration, social security and pensions | 62 | €131,118 | €114,103 | -€17,015 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,874 | €14,551 | +€677 | +4.9% |
| Other operating charges | 640/8 | €4,053 | €3,953 | -€100 | -2.5% |
| Gross operating margin | 9900 | €152,270 | €137,697 | -€14,572 | -9.6% |
| Operating profit (loss) | 9901 | €3,224 | €5,091 | +€1,866 | +57.9% |
| Financial income | 75/76B | €1,521 | €1,256 | -€265 | -17.4% |
| Recurring financial income | 75 | €1,521 | €1,256 | -€265 | -17.4% |
| Financial charges | 65/66B | €6,395 | €5,461 | -€934 | -14.6% |
| Recurring financial charges | 65 | €6,395 | €5,461 | -€934 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,649 | €886 | +€2,535 | |
| Income taxes | 67/77 | €63 | €582 | +€519 | +820% |
| Profit (loss) for the period | 9904 | -€1,713 | €303 | +€2,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,713 | €303 | +€2,016 |
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 15 October 2026 via checked.be.