P & V Grond: 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.
P & V Grond
Largest movements
- Stocks and contracts +€377,912
up €377,912 (+87.6%), from €431,583 to €809,495
- Other debts +€323,089
up €323,089 (+187%), from €172,527 to €495,616
- Debts after one year +€99,870
up €99,870 (+42.4%), from €235,380 to €335,250
- Profit (loss) carried forward -€75,583
new in 2025: -€75,583
- Trade debts +€29,126
up €29,126, from €0 to €29,126
- Gross operating margin -€91,893
down €91,893, from €30,107 to -€61,787
- Financial charges -€12,190
down €12,190 (-51.5%), from €23,685 to €11,495
- Taxes +€1,135
new in 2025: €1,135
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 | €433,580 | €810,082 | +€376,502 | +86.8% |
| Current assets | 29/58 | €433,580 | €810,082 | +€376,502 | +86.8% |
| Stocks and contracts in progress | 3 | €431,583 | €809,495 | +€377,912 | +87.6% |
| Stocks | 30/36 | €431,583 | €809,495 | +€377,912 | +87.6% |
| Amounts receivable within one year | 40/41 | €31 | - | -€31 | |
| Other amounts receivable | 41 | €31 | - | -€31 | |
| Cash at bank and in hand | 54/58 | €1,966 | €588 | -€1,378 | -70.1% |
| Total equity and liabilities | 10/49 | €433,580 | €810,082 | +€376,502 | +86.8% |
| Equity | 10/15 | €25,673 | -€49,910 | -€75,583 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,673 | €5,673 | = | 0.0% |
| Distributable reserves | 133 | €5,673 | €5,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€75,583 | -€75,583 | |
| Amounts payable | 17/49 | €407,907 | €859,992 | +€452,085 | +111% |
| Amounts payable after more than one year | 17 | €235,380 | €335,250 | +€99,870 | +42.4% |
| Financial debts | 170/4 | €235,380 | €335,250 | +€99,870 | +42.4% |
| Amounts payable within one year | 42/48 | €172,527 | €524,742 | +€352,215 | +204% |
| Trade debts | 44 | €0 | €29,126 | +€29,126 | |
| Suppliers | 440/4 | €0 | €29,126 | +€29,126 | |
| Other amounts payable | 47/48 | €172,527 | €495,616 | +€323,089 | +187% |
| Other operating charges | 640/8 | €748 | €1,167 | +€419 | +56.0% |
| Gross operating margin | 9900 | €30,107 | -€61,787 | -€91,893 | |
| Operating profit (loss) | 9901 | €29,358 | -€62,954 | -€92,312 | |
| Financial charges | 65/66B | €23,685 | €11,495 | -€12,190 | -51.5% |
| Recurring financial charges | 65 | €23,685 | €11,495 | -€12,190 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €5,673 | -€74,449 | -€80,122 | |
| Income taxes | 67/77 | - | €1,135 | +€1,135 | |
| Profit (loss) for the period | 9904 | €5,673 | -€75,583 | -€81,257 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,673 | -€75,583 | -€81,257 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.