GROUNDTECH: 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.
GROUNDTECH
Largest movements
- Receivables within one year -€26,624
down €26,624 (-68.3%), from €38,971 to €12,347
of which Trade receivables: -€27,434
- Cash +€13,861
up €13,861 (+115.7%), from €11,975 to €25,835
mainly Receivables within one year (+€26,624) and Net result for the year (+€9,380)
- Trade debts -€14,640
down €14,640 (-80.0%), from €18,303 to €3,663
- Profit (loss) carried forward +€2,380
up €2,380 (+811.4%), from €293 to €2,674
- Gross operating margin -€1,117
down €1,117 (-7.9%), from €14,127 to €13,010
- Taxes -€368
down €368 (-10.5%), from €3,504 to €3,136
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 | €51,100 | €38,337 | -€12,763 | -25.0% |
| Current assets | 29/58 | €51,100 | €38,337 | -€12,763 | -25.0% |
| Amounts receivable within one year | 40/41 | €38,971 | €12,347 | -€26,624 | -68.3% |
| Trade receivables | 40 | €38,898 | €11,464 | -€27,434 | -70.5% |
| Other amounts receivable | 41 | €73 | €883 | +€810 | +1109.5% |
| Cash at bank and in hand | 54/58 | €11,975 | €25,835 | +€13,861 | +115.7% |
| Deferred charges and accrued income | 490/1 | €155 | €155 | = | 0.0% |
| Total equity and liabilities | 10/49 | €51,100 | €38,337 | -€12,763 | -25.0% |
| Equity | 10/15 | €25,293 | €27,674 | +€2,380 | +9.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293 | €2,674 | +€2,380 | +811.4% |
| Amounts payable | 17/49 | €25,807 | €10,663 | -€15,143 | -58.7% |
| Amounts payable within one year | 42/48 | €25,807 | €10,663 | -€15,143 | -58.7% |
| Trade debts | 44 | €18,303 | €3,663 | -€14,640 | -80.0% |
| Suppliers | 440/4 | €18,303 | €3,663 | -€14,640 | -80.0% |
| Taxes, remuneration and social security | 45 | €504 | - | -€504 | |
| Taxes | 450/3 | €504 | - | -€504 | |
| Other amounts payable | 47/48 | €7,000 | €7,000 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €14,127 | €13,010 | -€1,117 | -7.9% |
| Operating profit (loss) | 9901 | €13,743 | €12,623 | -€1,120 | -8.1% |
| Financial charges | 65/66B | €24 | €107 | +€83 | +352.9% |
| Recurring financial charges | 65 | €24 | €107 | +€83 | +352.9% |
| Profit (loss) for the period before taxes | 9903 | €13,719 | €12,516 | -€1,203 | -8.8% |
| Income taxes | 67/77 | €3,504 | €3,136 | -€368 | -10.5% |
| Profit (loss) for the period | 9904 | €10,215 | €9,380 | -€835 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,215 | €9,380 | -€835 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.