VH 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.
VH Grond
Largest movements
- Stocks and contracts -€79,858
down €79,858 (-7.3%), from €1.1m to €1.0m
- Short-term financial debts -€132,000
down €132,000 (-18.3%), from €721,000 to €589,000
- Other debts +€29,000
up €29,000 (+7.6%), from €380,000 to €409,000
- Gross operating margin +€52,539
up €52,539, from -€1,440 to €51,099
- Financial charges +€31,394
up €31,394 (+1,065%), from €2,947 to €34,340
- Taxes +€2,868
new in 2025: €2,868
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 | €1,100,634 | €1,013,325 | -€87,309 | -7.9% |
| Current assets | 29/58 | €1,100,634 | €1,013,325 | -€87,309 | -7.9% |
| Stocks and contracts in progress | 3 | €1,091,831 | €1,011,973 | -€79,858 | -7.3% |
| Stocks | 30/36 | €1,091,831 | €1,011,973 | -€79,858 | -7.3% |
| Cash at bank and in hand | 54/58 | €8,803 | €1,352 | -€7,450 | -84.6% |
| Total equity and liabilities | 10/49 | €1,100,634 | €1,013,325 | -€87,309 | -7.9% |
| Equity | 10/15 | -€366 | €12,376 | +€12,742 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €7,376 | +€7,376 | |
| Distributable reserves | 133 | - | €7,376 | +€7,376 | |
| Profit (loss) carried forward | 14 | -€5,366 | €0 | +€5,366 | |
| Amounts payable | 17/49 | €1,101,000 | €1,000,950 | -€100,050 | -9.1% |
| Amounts payable within one year | 42/48 | €1,101,000 | €1,000,950 | -€100,050 | -9.1% |
| Financial debts | 43 | €721,000 | €589,000 | -€132,000 | -18.3% |
| Credit institutions | 430/8 | €721,000 | €589,000 | -€132,000 | -18.3% |
| Trade debts | 44 | - | €81 | +€81 | |
| Suppliers | 440/4 | - | €81 | +€81 | |
| Taxes, remuneration and social security | 45 | - | €2,868 | +€2,868 | |
| Taxes | 450/3 | - | €2,868 | +€2,868 | |
| Other amounts payable | 47/48 | €380,000 | €409,000 | +€29,000 | +7.6% |
| Other operating charges | 640/8 | €979 | €1,149 | +€170 | +17.4% |
| Gross operating margin | 9900 | -€1,440 | €51,099 | +€52,539 | |
| Operating profit (loss) | 9901 | -€2,419 | €49,950 | +€52,369 | |
| Financial charges | 65/66B | €2,947 | €34,340 | +€31,394 | +1,065% |
| Recurring financial charges | 65 | €2,947 | €34,340 | +€31,394 | +1,065% |
| Profit (loss) for the period before taxes | 9903 | -€5,366 | €15,610 | +€20,976 | |
| Income taxes | 67/77 | - | €2,868 | +€2,868 | |
| Profit (loss) for the period | 9904 | -€5,366 | €12,742 | +€18,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,366 | €12,742 | +€18,107 |
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 19 October 2026 via checked.be.