KUNSTGRASVELDEN CLUSTER 3: 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.
KUNSTGRASVELDEN CLUSTER 3
Largest movements
- Receivables within one year -€800,297
down €800,297 (-48.8%), from €1.6m to €838,175
of which Other amounts receivable: -€634,687
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Receivables after one year -€484,503
down €484,503 (-94.2%), from €514,108 to €29,606
of which Trade receivables: -€514,108
- Cash +€86,200
up €86,200 (+226%), from €38,198 to €124,398
mainly Receivables within one year (+€800,297) and Current investments (+€500,000)
- Current portion of long-term debt -€905,344
no longer reported in 2025 (was €905,344)
- Debts after one year -€839,752
no longer reported in 2025 (was €839,752)
- Trade debts +€165,633
up €165,633 (+86.8%), from €190,900 to €356,533
- Other debts -€137,719
no longer reported in 2025 (was €137,719)
- Gross operating margin -€108,562
down €108,562 (-82.2%), from €132,070 to €23,508
- Financial income -€81,690
down €81,690 (-47.1%), from €173,315 to €91,624
- Financial charges -€75,307
down €75,307 (-47.8%), from €157,639 to €82,332
- Taxes -€29,940
down €29,940 (-79.2%), from €37,781 to €7,841
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 | €2,690,779 | €992,179 | -€1.7m | -63.1% |
| Current assets | 29/58 | €2,690,779 | €992,179 | -€1.7m | -63.1% |
| Amounts receivable after more than one year | 29 | €514,108 | €29,606 | -€484,503 | -94.2% |
| Trade receivables | 290 | €514,108 | - | -€514,108 | |
| Other amounts receivable | 291 | - | €29,606 | +€29,606 | |
| Amounts receivable within one year | 40/41 | €1,638,473 | €838,175 | -€800,297 | -48.8% |
| Trade receivables | 40 | €457,259 | €291,649 | -€165,611 | -36.2% |
| Other amounts receivable | 41 | €1,181,213 | €546,527 | -€634,687 | -53.7% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €38,198 | €124,398 | +€86,200 | +226% |
| Total equity and liabilities | 10/49 | €2,690,779 | €992,179 | -€1.7m | -63.1% |
| Equity | 10/15 | €512,436 | €536,066 | +€23,630 | +4.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,786 | €468,416 | +€23,630 | +5.3% |
| Amounts payable | 17/49 | €2,178,342 | €456,113 | -€1.7m | -79.1% |
| Amounts payable after more than one year | 17 | €839,752 | - | -€839,752 | |
| Financial debts | 170/4 | €839,752 | - | -€839,752 | |
| Amounts payable within one year | 42/48 | €1,338,590 | €456,113 | -€882,477 | -65.9% |
| Current portion of amounts payable after more than one year | 42 | €905,344 | - | -€905,344 | |
| Financial debts | 43 | €71,218 | €71,218 | = | 0.0% |
| Other loans | 439 | €71,218 | €71,218 | = | 0.0% |
| Trade debts | 44 | €190,900 | €356,533 | +€165,633 | +86.8% |
| Suppliers | 440/4 | €190,900 | €356,533 | +€165,633 | +86.8% |
| Taxes, remuneration and social security | 45 | €33,409 | €28,362 | -€5,048 | -15.1% |
| Taxes | 450/3 | €33,409 | €28,362 | -€5,048 | -15.1% |
| Other amounts payable | 47/48 | €137,719 | - | -€137,719 | |
| Other operating charges | 640/8 | €1,094 | €1,330 | +€237 | +21.6% |
| Gross operating margin | 9900 | €132,070 | €23,508 | -€108,562 | -82.2% |
| Operating profit (loss) | 9901 | €130,976 | €22,178 | -€108,798 | -83.1% |
| Financial income | 75/76B | €173,315 | €91,624 | -€81,690 | -47.1% |
| Recurring financial income | 75 | €173,315 | €91,624 | -€81,690 | -47.1% |
| Financial charges | 65/66B | €157,639 | €82,332 | -€75,307 | -47.8% |
| Recurring financial charges | 65 | €157,639 | €82,332 | -€75,307 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €146,652 | €31,471 | -€115,182 | -78.5% |
| Income taxes | 67/77 | €37,781 | €7,841 | -€29,940 | -79.2% |
| Profit (loss) for the period | 9904 | €108,871 | €23,630 | -€85,242 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,871 | €23,630 | -€85,242 | -78.3% |
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 20 October 2026 via checked.be.