GruuthuseCap: 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.
GruuthuseCap
Largest movements
- Total assets +€9,395
up €9,395 (+1.6%), from €604,330 to €613,725
of which Current assets: +€13,496
- Other debts +€50,000
up €50,000 (+8740.2%), from €572 to €50,572
- Reserves -€42,057
down €42,057 (-14.6%), from €287,951 to €245,894
- Gross operating margin -€41,883
new in 2025: -€41,883
From the 04-07-2025 result to the 31-12-2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
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 | 04-07-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,330 | €613,725 | +€9,395 | +1.6% |
| Fixed assets | 21/28 | €600,229 | €600,229 | = | 0.0% |
| Financial fixed assets | 28 | €600,229 | €600,229 | = | 0.0% |
| Participating interests | 280 | €600,229 | - | -€600,229 | |
| Current assets | 29/58 | - | €13,496 | +€13,496 | |
| Amounts receivable within one year | 40/41 | €425 | €425 | = | 0.0% |
| Other amounts receivable | 41 | - | €425 | +€425 | |
| Cash at bank and in hand | 54/58 | - | €13,071 | +€13,071 | |
| Total equity and liabilities | 10/49 | €604,330 | €613,725 | +€9,395 | +1.6% |
| Equity | 10/15 | €602,008 | €559,951 | -€42,057 | -7.0% |
| Contributions | 10/11 | €314,056 | €314,056 | = | 0.0% |
| Reserves | 13 | €287,951 | €245,894 | -€42,057 | -14.6% |
| Distributable reserves | 133 | €287,951 | €245,894 | -€42,057 | -14.6% |
| Amounts payable | 17/49 | - | €53,774 | +€53,774 | |
| Amounts payable within one year | 42/48 | €572 | €52,024 | +€51,452 | +8994.0% |
| Trade debts | 44 | - | €1,452 | +€1,452 | |
| Suppliers | 440/4 | - | €1,452 | +€1,452 | |
| Other amounts payable | 47/48 | €572 | €50,572 | +€50,000 | +8740.2% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Gross operating margin | 9900 | - | -€41,883 | -€41,883 | |
| Operating profit (loss) | 9901 | - | -€41,883 | -€41,883 | |
| Financial charges | 65/66B | - | €175 | +€175 | |
| Recurring financial charges | 65 | - | €175 | +€175 | |
| Profit (loss) for the period before taxes | 9903 | - | -€42,057 | -€42,057 | |
| Profit (loss) for the period | 9904 | - | -€42,057 | -€42,057 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€42,057 | -€42,057 |
Source: filed annual accounts (NBB), fiscal years ended 4 July 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.