GRUND & BODEN: 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.
GRUND & BODEN
Largest movements
- Tangible fixed assets -€13,500
down €13,500 (-8.3%), from €162,000 to €148,500
- Other debts +€78,019
up €78,019 (+311%), from €25,063 to €103,082
- Debts after one year -€71,812
down €71,812 (-44.4%), from €161,695 to €89,883
of which Other amounts payable: -€56,161
- Profit (loss) carried forward -€18,617
down €18,617 (-25.9%), from -€71,872 to -€90,489
- Trade debts +€6,255
up €6,255 (+19,101%), from €33 to €6,288
- Current portion of long-term debt -€5,758
down €5,758 (-26.9%), from €21,408 to €15,651
- Gross operating margin -€14,288
down €14,288 (-97.2%), from €14,700 to €412
- Financial charges +€2,022
up €2,022 (+57.6%), from €3,507 to €5,529
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,662 | €229,588 | -€12,074 | -5.0% |
| Fixed assets | 21/28 | €162,000 | €148,500 | -€13,500 | -8.3% |
| Tangible fixed assets | 22/27 | €162,000 | €148,500 | -€13,500 | -8.3% |
| Land and buildings | 22 | €162,000 | €148,500 | -€13,500 | -8.3% |
| Current assets | 29/58 | €79,662 | €81,088 | +€1,426 | +1.8% |
| Amounts receivable within one year | 40/41 | €79,662 | €81,088 | +€1,426 | +1.8% |
| Trade receivables | 40 | - | €3,888 | +€3,888 | |
| Other amounts receivable | 41 | €79,662 | €77,200 | -€2,462 | -3.1% |
| Total equity and liabilities | 10/49 | €241,662 | €229,588 | -€12,074 | -5.0% |
| Equity | 10/15 | €28,128 | €9,511 | -€18,617 | -66.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,872 | -€90,489 | -€18,617 | -25.9% |
| Amounts payable | 17/49 | €213,534 | €220,077 | +€6,543 | +3.1% |
| Amounts payable after more than one year | 17 | €161,695 | €89,883 | -€71,812 | -44.4% |
| Financial debts | 170/4 | €105,533 | €89,883 | -€15,651 | -14.8% |
| Other amounts payable | 178/9 | €56,161 | - | -€56,161 | |
| Amounts payable within one year | 42/48 | €51,840 | €130,195 | +€78,355 | +151% |
| Current portion of amounts payable after more than one year | 42 | €21,408 | €15,651 | -€5,758 | -26.9% |
| Financial debts | 43 | €5,287 | €5,174 | -€113 | -2.1% |
| Credit institutions | 430/8 | €5,287 | €5,174 | -€113 | -2.1% |
| Trade debts | 44 | €33 | €6,288 | +€6,255 | +19,101% |
| Suppliers | 440/4 | €33 | €6,288 | +€6,255 | +19,101% |
| Taxes, remuneration and social security | 45 | €48 | - | -€48 | |
| Taxes | 450/3 | €48 | - | -€48 | |
| Other amounts payable | 47/48 | €25,063 | €103,082 | +€78,019 | +311% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,500 | €13,500 | = | 0.0% |
| Gross operating margin | 9900 | €14,700 | €412 | -€14,288 | -97.2% |
| Operating profit (loss) | 9901 | €1,200 | -€13,088 | -€14,288 | |
| Financial charges | 65/66B | €3,507 | €5,529 | +€2,022 | +57.6% |
| Recurring financial charges | 65 | €3,507 | €5,529 | +€2,022 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,307 | -€18,617 | -€16,310 | -707% |
| Profit (loss) for the period | 9904 | -€2,307 | -€18,617 | -€16,310 | -707% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,307 | -€18,617 | -€16,310 | -707% |
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 26 October 2026 via checked.be.