GROUSE CONSTRUCT: what changed
Two fiscal 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.
GROUSE CONSTRUCT
Largest movements
- Stocks and contracts +€1.3m
up €1.3m (+230.7%), from €552,539 to €1.8m
- Receivables within one year +€169,859
up €169,859 (+338.8%), from €50,132 to €219,991
of which Other amounts receivable: +€169,859
- Deferred charges and accrued income +€66,464
up €66,464 (+18.0%), from €368,292 to €434,756
- Cash -€61,036
down €61,036 (-66.6%), from €91,605 to €30,569
mainly Stocks and contracts (-€1.3m) and Receivables within one year (-€169,859)
- Short-term financial debts +€1.2m
up €1.2m (+357.7%), from €344,728 to €1.6m
- Other debts +€245,301
up €245,301 (+44.5%), from €550,797 to €796,098
- Trade debts -€83,205
down €83,205 (-69.7%), from €119,326 to €36,121
- Profit (loss) carried forward +€54,144
up €54,144 (+29.7%), from -€182,197 to -€128,054
- Financial charges +€24,953
up €24,953 (+664.0%), from €3,758 to €28,711
- Gross operating margin -€4,057
down €4,057 (-4.6%), from €88,254 to €84,197
- Financial income -€2,070
down €2,070 (-100.0%), from €2,070 to €0
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 | €1,062,568 | €2,512,782 | +€1.5m | +136.5% |
| Current assets | 29/58 | €1,062,568 | €2,512,782 | +€1.5m | +136.5% |
| Stocks and contracts in progress | 3 | €552,539 | €1,827,466 | +€1.3m | +230.7% |
| Contracts in progress | 37 | €552,539 | €1,827,466 | +€1.3m | +230.7% |
| Amounts receivable within one year | 40/41 | €50,132 | €219,991 | +€169,859 | +338.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €50,132 | €219,991 | +€169,859 | +338.8% |
| Cash at bank and in hand | 54/58 | €91,605 | €30,569 | -€61,036 | -66.6% |
| Deferred charges and accrued income | 490/1 | €368,292 | €434,756 | +€66,464 | +18.0% |
| Total equity and liabilities | 10/49 | €1,062,568 | €2,512,782 | +€1.5m | +136.5% |
| Equity | 10/15 | -€77,931 | -€23,787 | +€54,144 | +69.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €4,267 | €4,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | 0.0% |
| Distributable reserves | 133 | €4,266 | €4,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,197 | -€128,054 | +€54,144 | +29.7% |
| Amounts payable | 17/49 | €1,140,498 | €2,536,569 | +€1.4m | +122.4% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,015,498 | €2,411,569 | +€1.4m | +137.5% |
| Financial debts | 43 | €344,728 | €1,577,829 | +€1.2m | +357.7% |
| Credit institutions | 430/8 | €344,728 | €1,577,829 | +€1.2m | +357.7% |
| Trade debts | 44 | €119,326 | €36,121 | -€83,205 | -69.7% |
| Suppliers | 440/4 | €119,326 | €36,121 | -€83,205 | -69.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €648 | €1,520 | +€872 | +134.6% |
| Taxes | 450/3 | €648 | €1,520 | +€872 | +134.6% |
| Other amounts payable | 47/48 | €550,797 | €796,098 | +€245,301 | +44.5% |
| Other operating charges | 640/8 | €678 | €1,343 | +€665 | +98.1% |
| Gross operating margin | 9900 | €88,254 | €84,197 | -€4,057 | -4.6% |
| Operating profit (loss) | 9901 | €87,576 | €82,855 | -€4,721 | -5.4% |
| Financial income | 75/76B | €2,070 | €0 | -€2,070 | -100.0% |
| Recurring financial income | 75 | €2,070 | €0 | -€2,070 | -100.0% |
| Financial charges | 65/66B | €3,758 | €28,711 | +€24,953 | +664.0% |
| Recurring financial charges | 65 | €3,758 | €28,711 | +€24,953 | +664.0% |
| Profit (loss) for the period before taxes | 9903 | €85,888 | €54,144 | -€31,744 | -37.0% |
| Profit (loss) for the period | 9904 | €85,888 | €54,144 | -€31,744 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,888 | €54,144 | -€31,744 | -37.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.