GRONDIG: 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.
GRONDIG
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+15,160%), from €9,000 to €1.4m
- Tangible fixed assets -€215,918
down €215,918 (-20.6%), from €1.0m to €833,352
of which Land and buildings: -€223,156
- Cash +€141,992
up €141,992 (+165%), from €85,922 to €227,913
mainly Other debts (+€1.4m) and Debts after one year (+€458,031)
- Stocks and contracts +€80,184
up €80,184 (+3.2%), from €2.5m to €2.6m
- Other debts +€1.4m
up €1.4m (+887%), from €154,880 to €1.5m
- Trade debts -€582,025
down €582,025 (-73.0%), from €797,041 to €215,016
- Debts after one year +€458,031
up €458,031 (+234%), from €195,469 to €653,501
- Reserves +€231,168
up €231,168 (+21.4%), from €1.1m to €1.3m
of which Distributable reserves: +€204,873
- Current portion of long-term debt -€139,724
down €139,724 (-81.8%), from €170,744 to €31,020
- Financial income +€137,227
up €137,227 (+190%), from €72,296 to €209,524
- Other operating charges -€123,162
down €123,162 (-98.1%), from €125,609 to €2,447
- Financial charges +€24,557
up €24,557 (+394%), from €6,228 to €30,785
- Taxes +€6,346
new in 2025: €6,346
- Gross operating margin +€5,377
up €5,377 (+6.1%), from €88,279 to €93,656
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 | €4,362,659 | €5,726,130 | +€1.4m | +31.3% |
| Fixed assets | 21/28 | €1,058,270 | €2,206,727 | +€1.1m | +109% |
| Tangible fixed assets | 22/27 | €1,049,270 | €833,352 | -€215,918 | -20.6% |
| Land and buildings | 22 | €1,049,270 | €826,115 | -€223,156 | -21.3% |
| Furniture and vehicles | 24 | - | €7,238 | +€7,238 | |
| Financial fixed assets | 28 | €9,000 | €1,373,375 | +€1.4m | +15,160% |
| Current assets | 29/58 | €3,304,389 | €3,519,403 | +€215,014 | +6.5% |
| Amounts receivable after more than one year | 29 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 291 | €2,500 | €2,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,470,475 | €2,550,659 | +€80,184 | +3.2% |
| Stocks | 30/36 | €2,470,475 | €2,550,659 | +€80,184 | +3.2% |
| Amounts receivable within one year | 40/41 | €699,453 | €664,160 | -€35,293 | -5.0% |
| Trade receivables | 40 | €354,314 | €188,389 | -€165,925 | -46.8% |
| Other amounts receivable | 41 | €345,140 | €475,771 | +€130,631 | +37.8% |
| Cash at bank and in hand | 54/58 | €85,922 | €227,913 | +€141,992 | +165% |
| Deferred charges and accrued income | 490/1 | €46,039 | €74,171 | +€28,132 | +61.1% |
| Total equity and liabilities | 10/49 | €4,362,659 | €5,726,130 | +€1.4m | +31.3% |
| Equity | 10/15 | €1,144,894 | €1,376,062 | +€231,168 | +20.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,082,394 | €1,313,562 | +€231,168 | +21.4% |
| Non-distributable reserves | 130/1 | €31,200 | €31,200 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,112 | €163,406 | +€26,294 | +19.2% |
| Distributable reserves | 133 | €914,083 | €1,118,956 | +€204,873 | +22.4% |
| Provisions and deferred taxes | 16 | €39,454 | €48,219 | +€8,765 | +22.2% |
| Deferred taxes | 168 | €39,454 | €48,219 | +€8,765 | +22.2% |
| Amounts payable | 17/49 | €3,178,311 | €4,301,849 | +€1.1m | +35.4% |
| Amounts payable after more than one year | 17 | €195,469 | €653,501 | +€458,031 | +234% |
| Financial debts | 170/4 | €195,469 | €653,501 | +€458,031 | +234% |
| Amounts payable within one year | 42/48 | €2,973,920 | €3,631,892 | +€657,972 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €170,744 | €31,020 | -€139,724 | -81.8% |
| Financial debts | 43 | €1,851,255 | €1,851,255 | = | 0.0% |
| Credit institutions | 430/8 | €1,851,255 | €1,851,255 | = | 0.0% |
| Trade debts | 44 | €797,041 | €215,016 | -€582,025 | -73.0% |
| Suppliers | 440/4 | €797,041 | €215,016 | -€582,025 | -73.0% |
| Taxes, remuneration and social security | 45 | - | €6,346 | +€6,346 | |
| Taxes | 450/3 | - | €6,346 | +€6,346 | |
| Other amounts payable | 47/48 | €154,880 | €1,528,255 | +€1.4m | +887% |
| Accrued charges and deferred income | 492/3 | €8,922 | €16,457 | +€7,535 | +84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,413 | €23,670 | +€2,257 | +10.5% |
| Other operating charges | 640/8 | €125,609 | €2,447 | -€123,162 | -98.1% |
| Gross operating margin | 9900 | €88,279 | €93,656 | +€5,377 | +6.1% |
| Operating profit (loss) | 9901 | -€58,743 | €67,540 | +€126,283 | |
| Financial income | 75/76B | €72,296 | €209,524 | +€137,227 | +190% |
| Recurring financial income | 75 | €72,296 | €209,524 | +€137,227 | +190% |
| Financial charges | 65/66B | €6,228 | €30,785 | +€24,557 | +394% |
| Recurring financial charges | 65 | €6,228 | €30,785 | +€24,557 | +394% |
| Profit (loss) for the period before taxes | 9903 | €7,325 | €246,278 | +€238,953 | +3,262% |
| Transfer from deferred taxes | 780 | €1,351 | €18,783 | +€17,431 | +1,290% |
| Transfer to deferred taxes | 680 | - | €27,547 | +€27,547 | |
| Income taxes | 67/77 | - | €6,346 | +€6,346 | |
| Profit (loss) for the period | 9904 | €8,677 | €231,168 | +€222,491 | +2,564% |
| Transfer from tax-exempt reserves | 789 | €4,054 | €56,348 | +€52,294 | +1,290% |
| Transfer to tax-exempt reserves | 689 | - | €82,642 | +€82,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,730 | €204,873 | +€192,143 | +1,509% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.