GRUUTEHOF: 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.
GRUUTEHOF
Largest movements
- Stocks and contracts +€410,209
up €410,209 (+2,333%), from €17,585 to €427,794
- Cash +€38,556
up €38,556 (+6,508%), from €592 to €39,149
mainly Other debts (+€451,935) and Depreciation (+€11,175)
- Other debts +€451,935
up €451,935 (+951%), from €47,500 to €499,435
- Reserves -€17,000
down €17,000 (-11.1%), from €153,390 to €136,390
of which Distributable reserves: -€17,000
- Financial charges +€6,390
up €6,390 (+15,001%), from €43 to €6,433
- Other operating charges +€528
up €528 (+103%), from €513 to €1,041
- Gross operating margin +€447
up €447 (+16.7%), from -€2,682 to -€2,235
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 | €705,837 | €1,141,403 | +€435,567 | +61.7% |
| Formation expenses | 20 | €44,261 | €33,086 | -€11,175 | -25.2% |
| Fixed assets | 21/28 | €641,374 | €641,374 | = | 0.0% |
| Tangible fixed assets | 22/27 | €641,374 | €641,374 | = | 0.0% |
| Land and buildings | 22 | €620,973 | €620,973 | = | 0.0% |
| Furniture and vehicles | 24 | €20,401 | €20,401 | = | 0.0% |
| Current assets | 29/58 | €20,201 | €466,943 | +€446,742 | +2,211% |
| Stocks and contracts in progress | 3 | €17,585 | €427,794 | +€410,209 | +2,333% |
| Stocks | 30/36 | €17,585 | €427,794 | +€410,209 | +2,333% |
| Amounts receivable within one year | 40/41 | €2,023 | - | -€2,023 | |
| Other amounts receivable | 41 | €2,023 | - | -€2,023 | |
| Cash at bank and in hand | 54/58 | €592 | €39,149 | +€38,556 | +6,508% |
| Total equity and liabilities | 10/49 | €705,837 | €1,141,403 | +€435,567 | +61.7% |
| Equity | 10/15 | €658,113 | €637,242 | -€20,871 | -3.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €153,390 | €136,390 | -€17,000 | -11.1% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €103,390 | €86,390 | -€17,000 | -16.4% |
| Profit (loss) carried forward | 14 | €4,723 | €853 | -€3,871 | -81.9% |
| Amounts payable | 17/49 | €47,723 | €504,161 | +€456,437 | +956% |
| Amounts payable within one year | 42/48 | €47,723 | €499,435 | +€451,712 | +947% |
| Trade debts | 44 | €223 | - | -€223 | |
| Suppliers | 440/4 | €223 | - | -€223 | |
| Other amounts payable | 47/48 | €47,500 | €499,435 | +€451,935 | +951% |
| Accrued charges and deferred income | 492/3 | - | €4,725 | +€4,725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,175 | €11,175 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €1,041 | +€528 | +103% |
| Gross operating margin | 9900 | -€2,682 | -€2,235 | +€447 | +16.7% |
| Operating profit (loss) | 9901 | -€14,370 | -€14,452 | -€81 | -0.6% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €43 | €6,433 | +€6,390 | +15,001% |
| Recurring financial charges | 65 | €43 | €6,433 | +€6,390 | +15,001% |
| Profit (loss) for the period before taxes | 9903 | -€14,413 | -€20,871 | -€6,458 | -44.8% |
| Profit (loss) for the period | 9904 | -€14,413 | -€20,871 | -€6,458 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,413 | -€20,871 | -€6,458 | -44.8% |
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 21 October 2026 via checked.be.