Van Grinderbeek: 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.
Van Grinderbeek
Largest movements
- Receivables within one year -€46,694
down €46,694 (-32.2%), from €144,931 to €98,237
of which Other amounts receivable: -€44,831
- Cash +€8,505
up €8,505 (+43.3%), from €19,630 to €28,135
mainly Net result for the year (+€51,858) and Receivables within one year (+€46,694)
- Financial fixed assets -€6,200
no longer reported in 2025 (was €6,200)
- Reserves -€56,252
no longer reported in 2025 (was €56,252)
- Profit (loss) carried forward +€6,858
new in 2025: €6,858
- Tax, wage and social debts +€4,160
up €4,160 (+16.2%), from €25,730 to €29,890
- Gross operating margin -€3,202
down €3,202 (-4.5%), from €71,714 to €68,512
- Taxes -€838
down €838 (-5.4%), from €15,558 to €14,719
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 | €171,923 | €128,605 | -€43,318 | -25.2% |
| Fixed assets | 21/28 | €7,361 | €2,233 | -€5,128 | -69.7% |
| Tangible fixed assets | 22/27 | €1,161 | €2,233 | +€1,072 | +92.3% |
| Plant, machinery and equipment | 23 | €459 | €1,981 | +€1,522 | +331.7% |
| Furniture and vehicles | 24 | €702 | €252 | -€451 | -64.1% |
| Financial fixed assets | 28 | €6,200 | - | -€6,200 | |
| Current assets | 29/58 | €164,562 | €126,372 | -€38,189 | -23.2% |
| Amounts receivable within one year | 40/41 | €144,931 | €98,237 | -€46,694 | -32.2% |
| Trade receivables | 40 | €15,839 | €13,976 | -€1,864 | -11.8% |
| Other amounts receivable | 41 | €129,092 | €84,262 | -€44,831 | -34.7% |
| Cash at bank and in hand | 54/58 | €19,630 | €28,135 | +€8,505 | +43.3% |
| Total equity and liabilities | 10/49 | €171,923 | €128,605 | -€43,318 | -25.2% |
| Equity | 10/15 | €58,252 | €8,858 | -€49,394 | -84.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,252 | - | -€56,252 | |
| Distributable reserves | 133 | €56,252 | - | -€56,252 | |
| Profit (loss) carried forward | 14 | - | €6,858 | +€6,858 | |
| Amounts payable | 17/49 | €113,671 | €119,748 | +€6,076 | +5.3% |
| Amounts payable within one year | 42/48 | €113,671 | €119,748 | +€6,076 | +5.3% |
| Financial debts | 43 | €833 | €833 | = | 0.0% |
| Other loans | 439 | €833 | €833 | = | 0.0% |
| Trade debts | 44 | €2,108 | €2,960 | +€852 | +40.4% |
| Suppliers | 440/4 | €2,108 | €2,960 | +€852 | +40.4% |
| Taxes, remuneration and social security | 45 | €25,730 | €29,890 | +€4,160 | +16.2% |
| Taxes | 450/3 | €25,730 | €29,890 | +€4,160 | +16.2% |
| Other amounts payable | 47/48 | €85,000 | €86,064 | +€1,064 | +1.3% |
| Non-recurring operating income | 76A | €0 | €1 | +€1 | +3400.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €1,184 | -€462 | -28.1% |
| Other operating charges | 640/8 | €193 | €195 | +€2 | +1.0% |
| Gross operating margin | 9900 | €71,714 | €68,512 | -€3,202 | -4.5% |
| Operating profit (loss) | 9901 | €69,875 | €67,133 | -€2,742 | -3.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +189.8% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +189.8% |
| Financial charges | 65/66B | €441 | €557 | +€117 | +26.4% |
| Recurring financial charges | 65 | €439 | €557 | +€118 | +27.0% |
| Non-recurring financial charges | 66B | €2 | €0 | -€2 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €69,435 | €66,577 | -€2,857 | -4.1% |
| Income taxes | 67/77 | €15,558 | €14,719 | -€838 | -5.4% |
| Profit (loss) for the period | 9904 | €53,877 | €51,858 | -€2,019 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,877 | €51,858 | -€2,019 | -3.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.