GROUT TECHNIEK: 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.
GROUT TECHNIEK
Largest movements
- Cash +€288,227
up €288,227 (+31.8%), from €905,696 to €1.2m
mainly Net result for the year (+€383,538) and Investment in fixed assets (net) (+€146,651)
- Tangible fixed assets -€234,839
down €234,839 (-59.7%), from €393,166 to €158,326
of which Land and buildings: -€193,868
- Receivables within one year -€140,415
down €140,415 (-23.1%), from €607,707 to €467,292
of which Trade receivables: -€101,400
- Stocks and contracts -€25,746
down €25,746 (-6.2%), from €418,591 to €392,845
- Trade debts -€318,035
down €318,035 (-81.8%), from €388,935 to €70,900
- Reserves +€205,000
up €205,000 (+11.6%), from €1.8m to €2.0m
- Provisions +€261,250
no longer reported in 2025 (was -€261,250)
- Gross operating margin -€85,442
down €85,442 (-6.1%), from €1.4m to €1.3m
- Taxes -€27,254
down €27,254 (-16.5%), from €164,791 to €137,537
- Depreciation -€18,824
down €18,824 (-17.6%), from €107,012 to €88,188
- Staff costs +€18,493
up €18,493 (+2.7%), from €686,220 to €704,713
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 | €2,358,062 | €2,246,266 | -€111,797 | -4.7% |
| Fixed assets | 21/28 | €394,121 | €159,282 | -€234,839 | -59.6% |
| Tangible fixed assets | 22/27 | €393,166 | €158,326 | -€234,839 | -59.7% |
| Land and buildings | 22 | €193,868 | - | -€193,868 | |
| Plant, machinery and equipment | 23 | €92,838 | €86,879 | -€5,959 | -6.4% |
| Furniture and vehicles | 24 | €106,460 | €71,447 | -€35,012 | -32.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €956 | €956 | = | 0.0% |
| Current assets | 29/58 | €1,963,941 | €2,086,984 | +€123,043 | +6.3% |
| Stocks and contracts in progress | 3 | €418,591 | €392,845 | -€25,746 | -6.2% |
| Stocks | 30/36 | €418,591 | €392,845 | -€25,746 | -6.2% |
| Amounts receivable within one year | 40/41 | €607,707 | €467,292 | -€140,415 | -23.1% |
| Trade receivables | 40 | €484,326 | €382,925 | -€101,400 | -20.9% |
| Other amounts receivable | 41 | €123,381 | €84,367 | -€39,014 | -31.6% |
| Cash at bank and in hand | 54/58 | €905,696 | €1,193,923 | +€288,227 | +31.8% |
| Deferred charges and accrued income | 490/1 | €31,947 | €32,923 | +€976 | +3.1% |
| Total equity and liabilities | 10/49 | €2,358,062 | €2,246,266 | -€111,797 | -4.7% |
| Equity | 10/15 | €1,785,380 | €1,988,560 | +€203,181 | +11.4% |
| Contributions | 10/11 | €18,592 | €17,016 | -€1,576 | -8.5% |
| Reserves | 13 | €1,765,000 | €1,970,000 | +€205,000 | +11.6% |
| Distributable reserves | 133 | €1,765,000 | €1,970,000 | +€205,000 | +11.6% |
| Profit (loss) carried forward | 14 | €1,788 | €1,545 | -€243 | -13.6% |
| Provisions and deferred taxes | 16 | €63,750 | €63,750 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €63,750 | €63,750 | = | 0.0% |
| Other liabilities and charges | 164/5 | €63,750 | €63,750 | = | 0.0% |
| Amounts payable | 17/49 | €508,933 | €193,955 | -€314,978 | -61.9% |
| Amounts payable within one year | 42/48 | €508,933 | €193,955 | -€314,978 | -61.9% |
| Trade debts | 44 | €388,935 | €70,900 | -€318,035 | -81.8% |
| Suppliers | 440/4 | €388,935 | €70,900 | -€318,035 | -81.8% |
| Taxes, remuneration and social security | 45 | €99,998 | €123,056 | +€23,058 | +23.1% |
| Taxes | 450/3 | €27,034 | €53,321 | +€26,287 | +97.2% |
| Remuneration and social security | 454/9 | €72,964 | €69,734 | -€3,230 | -4.4% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €686,220 | €704,713 | +€18,493 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,012 | €88,188 | -€18,824 | -17.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€261,250 | - | +€261,250 | |
| Other operating charges | 640/8 | €9,531 | €14,343 | +€4,812 | +50.5% |
| Non-recurring operating charges | 66A | €261,370 | - | -€261,370 | |
| Gross operating margin | 9900 | €1,406,152 | €1,320,710 | -€85,442 | -6.1% |
| Operating profit (loss) | 9901 | €603,269 | €513,466 | -€89,803 | -14.9% |
| Financial income | 75/76B | €54,337 | €54,888 | +€551 | +1.0% |
| Recurring financial income | 75 | €54,337 | €54,888 | +€551 | +1.0% |
| Financial charges | 65/66B | €57,220 | €47,278 | -€9,942 | -17.4% |
| Recurring financial charges | 65 | €57,220 | €47,278 | -€9,942 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €600,386 | €521,075 | -€79,310 | -13.2% |
| Income taxes | 67/77 | €164,791 | €137,537 | -€27,254 | -16.5% |
| Profit (loss) for the period | 9904 | €435,595 | €383,538 | -€52,056 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €435,595 | €383,538 | -€52,056 | -12.0% |
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 23 October 2026 via checked.be.