The GRIDLINK House: 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.
The GRIDLINK House
Largest movements
- Tangible fixed assets +€604,733
up €604,733 (+15.1%), from €4.0m to €4.6m
of which Assets under construction and advance payments: +€604,733
- Other debts +€782,977
up €782,977 (+87.6%), from €893,387 to €1.7m
- Profit (loss) carried forward -€263,565
down €263,565 (-122%), from -€216,210 to -€479,775
- Short-term financial debts +€250,000
new in 2025: €250,000
- Debts after one year -€182,964
down €182,964 (-5.8%), from €3.1m to €3.0m
- Other operating charges +€34,250
up €34,250 (+772%), from €4,435 to €38,685
- Gross operating margin -€11,878
down €11,878 (-78.5%), from -€15,138 to -€27,016
- Financial charges +€1,224
up €1,224 (+0.6%), from €196,640 to €197,864
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 | €4,034,554 | €4,635,199 | +€600,645 | +14.9% |
| Fixed assets | 21/28 | €4,017,951 | €4,622,684 | +€604,733 | +15.1% |
| Tangible fixed assets | 22/27 | €4,017,951 | €4,622,684 | +€604,733 | +15.1% |
| Land and buildings | 22 | €3,933,096 | €3,933,096 | = | 0.0% |
| Assets under construction and advance payments | 27 | €84,855 | €689,588 | +€604,733 | +713% |
| Current assets | 29/58 | €16,603 | €12,515 | -€4,088 | -24.6% |
| Amounts receivable within one year | 40/41 | €3,042 | €6,775 | +€3,733 | +123% |
| Other amounts receivable | 41 | €3,042 | €6,775 | +€3,733 | +123% |
| Cash at bank and in hand | 54/58 | €13,561 | €794 | -€12,768 | -94.1% |
| Deferred charges and accrued income | 490/1 | - | €4,946 | +€4,946 | |
| Total equity and liabilities | 10/49 | €4,034,554 | €4,635,199 | +€600,645 | +14.9% |
| Equity | 10/15 | -€216,209 | -€479,774 | -€263,565 | -122% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,210 | -€479,775 | -€263,565 | -122% |
| Amounts payable | 17/49 | €4,250,763 | €5,114,973 | +€864,210 | +20.3% |
| Amounts payable after more than one year | 17 | €3,144,565 | €2,961,601 | -€182,964 | -5.8% |
| Financial debts | 170/4 | €3,144,565 | €2,961,601 | -€182,964 | -5.8% |
| Amounts payable within one year | 42/48 | €1,105,751 | €2,151,123 | +€1.0m | +94.5% |
| Current portion of amounts payable after more than one year | 42 | €174,819 | €182,964 | +€8,145 | +4.7% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €37,545 | €41,796 | +€4,251 | +11.3% |
| Suppliers | 440/4 | €37,545 | €41,796 | +€4,251 | +11.3% |
| Other amounts payable | 47/48 | €893,387 | €1,676,363 | +€782,977 | +87.6% |
| Accrued charges and deferred income | 492/3 | €448 | €2,249 | +€1,802 | +402% |
| Other operating charges | 640/8 | €4,435 | €38,685 | +€34,250 | +772% |
| Gross operating margin | 9900 | -€15,138 | -€27,016 | -€11,878 | -78.5% |
| Operating profit (loss) | 9901 | -€19,573 | -€65,701 | -€46,129 | -236% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €196,640 | €197,864 | +€1,224 | +0.6% |
| Recurring financial charges | 65 | €196,640 | €197,864 | +€1,224 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€216,210 | -€263,565 | -€47,355 | -21.9% |
| Profit (loss) for the period | 9904 | -€216,210 | -€263,565 | -€47,355 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€216,210 | -€263,565 | -€47,355 | -21.9% |
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 28 October 2026 via checked.be.