WL Grondwerken: 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.
WL Grondwerken
Largest movements
- Tangible fixed assets -€41,637
down €41,637 (-31.4%), from €132,725 to €91,088
of which Furniture and vehicles: -€23,346
- Cash -€29,083
down €29,083 (-76.8%), from €37,889 to €8,805
mainly Debts after one year (-€31,641) and Receivables within one year (-€23,008)
- Receivables within one year +€23,008
up €23,008 (+140%), from €16,461 to €39,469
of which Trade receivables: +€23,377
- Stocks and contracts +€14,200
new in 2025: €14,200
- Debts after one year -€31,641
down €31,641 (-40.1%), from €78,911 to €47,270
of which Other amounts payable: -€18,970
- Trade debts +€22,657
up €22,657 (+170%), from €13,354 to €36,011
- Profit (loss) carried forward -€12,645
new in 2025: -€12,645
- Current portion of long-term debt -€6,795
down €6,795 (-27.8%), from €24,431 to €17,636
- Other debts -€6,767
down €6,767 (-60.3%), from €11,215 to €4,448
- Gross operating margin -€28,409
down €28,409 (-32.5%), from €87,358 to €58,949
- Other operating charges -€9,615
down €9,615 (-74.3%), from €12,934 to €3,319
- Financial charges +€3,367
up €3,367 (+57.1%), from €5,895 to €9,262
- Taxes -€1,672
down €1,672 (-100%), from €1,672 to €0
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 | €187,075 | €153,563 | -€33,512 | -17.9% |
| Fixed assets | 21/28 | €132,725 | €91,088 | -€41,637 | -31.4% |
| Tangible fixed assets | 22/27 | €132,725 | €91,088 | -€41,637 | -31.4% |
| Plant, machinery and equipment | 23 | €27,678 | €9,387 | -€18,291 | -66.1% |
| Furniture and vehicles | 24 | €105,046 | €81,701 | -€23,346 | -22.2% |
| Current assets | 29/58 | €54,350 | €62,475 | +€8,125 | +14.9% |
| Stocks and contracts in progress | 3 | - | €14,200 | +€14,200 | |
| Contracts in progress | 37 | - | €14,200 | +€14,200 | |
| Amounts receivable within one year | 40/41 | €16,461 | €39,469 | +€23,008 | +140% |
| Trade receivables | 40 | €9,716 | €33,093 | +€23,377 | +241% |
| Other amounts receivable | 41 | €6,746 | €6,376 | -€369 | -5.5% |
| Cash at bank and in hand | 54/58 | €37,889 | €8,805 | -€29,083 | -76.8% |
| Total equity and liabilities | 10/49 | €187,075 | €153,563 | -€33,512 | -17.9% |
| Equity | 10/15 | €57,492 | €44,847 | -€12,645 | -22.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,492 | €52,492 | = | 0.0% |
| Distributable reserves | 133 | €52,492 | €52,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,645 | -€12,645 | |
| Amounts payable | 17/49 | €129,583 | €108,716 | -€20,867 | -16.1% |
| Amounts payable after more than one year | 17 | €78,911 | €47,270 | -€31,641 | -40.1% |
| Financial debts | 170/4 | €56,691 | €44,020 | -€12,671 | -22.4% |
| Other amounts payable | 178/9 | €22,220 | €3,250 | -€18,970 | -85.4% |
| Amounts payable within one year | 42/48 | €50,672 | €61,445 | +€10,773 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €24,431 | €17,636 | -€6,795 | -27.8% |
| Trade debts | 44 | €13,354 | €36,011 | +€22,657 | +170% |
| Suppliers | 440/4 | €13,354 | €36,011 | +€22,657 | +170% |
| Taxes, remuneration and social security | 45 | €1,672 | €3,350 | +€1,678 | +100% |
| Taxes | 450/3 | €1,672 | €3,350 | +€1,678 | +100% |
| Other amounts payable | 47/48 | €11,215 | €4,448 | -€6,767 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,261 | €59,087 | -€175 | -0.3% |
| Other operating charges | 640/8 | €12,934 | €3,319 | -€9,615 | -74.3% |
| Gross operating margin | 9900 | €87,358 | €58,949 | -€28,409 | -32.5% |
| Operating profit (loss) | 9901 | €15,162 | -€3,457 | -€18,620 | |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €5,895 | €9,262 | +€3,367 | +57.1% |
| Recurring financial charges | 65 | €5,895 | €9,262 | +€3,367 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €9,267 | -€12,645 | -€21,911 | |
| Income taxes | 67/77 | €1,672 | €0 | -€1,672 | -100% |
| Profit (loss) for the period | 9904 | €7,595 | -€12,645 | -€20,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,595 | -€12,645 | -€20,240 |
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 27 October 2026 via checked.be.