GROUNDSWELL: 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.
GROUNDSWELL
Largest movements
- Tangible fixed assets -€4,835
down €4,835 (-2.2%), from €219,175 to €214,339
of which Land and buildings: -€4,982
- Receivables within one year -€4,374
down €4,374 (-30.4%), from €14,374 to €10,000
- Debts after one year -€18,898
down €18,898 (-9.8%), from €192,987 to €174,089
- Reserves +€5,000
up €5,000 (+9.1%), from €55,000 to €60,000
- Tax, wage and social debts +€4,277
up €4,277 (+167%), from €2,555 to €6,831
- Other operating charges +€1,025
up €1,025 (+231%), from €444 to €1,469
- Taxes -€371
down €371 (-22.4%), from €1,660 to €1,289
- Gross operating margin +€346
up €346 (+2.3%), from €15,316 to €15,662
- Financial charges -€298
down €298 (-9.4%), from €3,185 to €2,887
- Financial income +€266
up €266 (+232%), from €115 to €381
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 | €311,613 | €302,770 | -€8,843 | -2.8% |
| Fixed assets | 21/28 | €219,175 | €214,339 | -€4,835 | -2.2% |
| Tangible fixed assets | 22/27 | €219,175 | €214,339 | -€4,835 | -2.2% |
| Land and buildings | 22 | €217,800 | €212,818 | -€4,982 | -2.3% |
| Plant, machinery and equipment | 23 | €1,375 | €729 | -€646 | -47.0% |
| Furniture and vehicles | 24 | - | €793 | +€793 | |
| Current assets | 29/58 | €92,438 | €88,430 | -€4,007 | -4.3% |
| Amounts receivable within one year | 40/41 | €14,374 | €10,000 | -€4,374 | -30.4% |
| Other amounts receivable | 41 | €14,374 | €10,000 | -€4,374 | -30.4% |
| Cash at bank and in hand | 54/58 | €78,063 | €78,430 | +€367 | +0.5% |
| Total equity and liabilities | 10/49 | €311,613 | €302,770 | -€8,843 | -2.8% |
| Equity | 10/15 | €80,664 | €85,391 | +€4,728 | +5.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Distributable reserves | 133 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Profit (loss) carried forward | 14 | €664 | €391 | -€272 | -41.0% |
| Amounts payable | 17/49 | €230,949 | €217,379 | -€13,570 | -5.9% |
| Amounts payable after more than one year | 17 | €192,987 | €174,089 | -€18,898 | -9.8% |
| Financial debts | 170/4 | €192,987 | €174,089 | -€18,898 | -9.8% |
| Amounts payable within one year | 42/48 | €36,438 | €41,561 | +€5,123 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €19,663 | €19,840 | +€178 | +0.9% |
| Trade debts | 44 | €438 | €22 | -€416 | -95.0% |
| Suppliers | 440/4 | €438 | €22 | -€416 | -95.0% |
| Advances received on contracts in progress | 46 | €180 | €180 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,555 | €6,831 | +€4,277 | +167% |
| Taxes | 450/3 | €2,555 | €6,831 | +€4,277 | +167% |
| Other amounts payable | 47/48 | €13,602 | €14,687 | +€1,085 | +8.0% |
| Accrued charges and deferred income | 492/3 | €1,524 | €1,729 | +€205 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,488 | €5,670 | +€182 | +3.3% |
| Other operating charges | 640/8 | €444 | €1,469 | +€1,025 | +231% |
| Gross operating margin | 9900 | €15,316 | €15,662 | +€346 | +2.3% |
| Operating profit (loss) | 9901 | €9,383 | €8,522 | -€861 | -9.2% |
| Financial income | 75/76B | €115 | €381 | +€266 | +232% |
| Recurring financial income | 75 | €115 | €381 | +€266 | +232% |
| Financial charges | 65/66B | €3,185 | €2,887 | -€298 | -9.4% |
| Recurring financial charges | 65 | €3,185 | €2,887 | -€298 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €6,313 | €6,016 | -€297 | -4.7% |
| Income taxes | 67/77 | €1,660 | €1,289 | -€371 | -22.4% |
| Profit (loss) for the period | 9904 | €4,653 | €4,728 | +€74 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,653 | €4,728 | +€74 | +1.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.