HET GRENSKE: 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.
HET GRENSKE
Largest movements
- Cash +€26,738
up €26,738 (+7.7%), from €349,180 to €375,919
mainly Depreciation (+€11,497) and Receivables within one year (+€8,772)
- Tangible fixed assets -€11,497
down €11,497 (-7.8%), from €147,600 to €136,103
of which Furniture and vehicles: -€9,937
- Receivables within one year -€8,772
down €8,772 (-92.6%), from €9,474 to €702
of which Trade receivables: -€9,330
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€27,466
up €27,466, from -€11,652 to €15,814
- Depreciation +€2,990
up €2,990 (+35.1%), from €8,507 to €11,497
- Other operating charges -€216
down €216 (-16.6%), from €1,304 to €1,088
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 | €528,285 | €533,473 | +€5,188 | +1.0% |
| Fixed assets | 21/28 | €147,600 | €136,103 | -€11,497 | -7.8% |
| Tangible fixed assets | 22/27 | €147,600 | €136,103 | -€11,497 | -7.8% |
| Land and buildings | 22 | €100,658 | €100,658 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,852 | €2,291 | -€1,561 | -40.5% |
| Furniture and vehicles | 24 | €43,090 | €33,154 | -€9,937 | -23.1% |
| Current assets | 29/58 | €380,685 | €397,370 | +€16,686 | +4.4% |
| Stocks and contracts in progress | 3 | €20,250 | €20,750 | +€500 | +2.5% |
| Stocks | 30/36 | €20,250 | €20,750 | +€500 | +2.5% |
| Amounts receivable within one year | 40/41 | €9,474 | €702 | -€8,772 | -92.6% |
| Trade receivables | 40 | €9,330 | €0 | -€9,330 | -100.0% |
| Other amounts receivable | 41 | €144 | €702 | +€558 | +388.3% |
| Cash at bank and in hand | 54/58 | €349,180 | €375,919 | +€26,738 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,781 | €0 | -€1,781 | -100.0% |
| Total equity and liabilities | 10/49 | €528,285 | €533,473 | +€5,188 | +1.0% |
| Equity | 10/15 | €478,770 | €483,001 | +€4,230 | +0.9% |
| Contributions | 10/11 | €286,400 | €286,400 | = | 0.0% |
| Reserves | 13 | €212,666 | €212,666 | = | 0.0% |
| Distributable reserves | 133 | €212,666 | €212,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,296 | -€16,065 | +€4,230 | +20.8% |
| Amounts payable | 17/49 | €49,515 | €50,473 | +€958 | +1.9% |
| Amounts payable within one year | 42/48 | €49,515 | €50,473 | +€958 | +1.9% |
| Trade debts | 44 | €5,025 | €2,779 | -€2,246 | -44.7% |
| Suppliers | 440/4 | €5,025 | €2,779 | -€2,246 | -44.7% |
| Taxes, remuneration and social security | 45 | €2,376 | €4,030 | +€1,654 | +69.6% |
| Taxes | 450/3 | €2,376 | €4,030 | +€1,654 | +69.6% |
| Other amounts payable | 47/48 | €42,113 | €43,663 | +€1,550 | +3.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,507 | €11,497 | +€2,990 | +35.1% |
| Other operating charges | 640/8 | €1,304 | €1,088 | -€216 | -16.6% |
| Gross operating margin | 9900 | -€11,652 | €15,814 | +€27,466 | |
| Operating profit (loss) | 9901 | -€21,463 | €3,229 | +€24,692 | |
| Financial income | 75/76B | €2,383 | €2,299 | -€84 | -3.5% |
| Recurring financial income | 75 | €2,383 | €2,299 | -€84 | -3.5% |
| Financial charges | 65/66B | €1,088 | €1,166 | +€78 | +7.2% |
| Recurring financial charges | 65 | €1,088 | €1,166 | +€78 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,168 | €4,362 | +€24,530 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€20,296 | €4,230 | +€24,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,296 | €4,230 | +€24,526 |
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 9 October 2026 via checked.be.