AD GROENTEN: 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.
AD GROENTEN
Largest movements
- Tangible fixed assets +€80,609
up €80,609 (+261%), from €30,935 to €111,544
of which Furniture and vehicles: +€87,307
- Cash -€44,767
down €44,767 (-74.7%), from €59,923 to €15,156
mainly Investment in fixed assets (net) (-€94,931) and Trade debts (-€66,262)
- Stocks and contracts +€16,043
up €16,043 (+350%), from €4,580 to €20,623
- Receivables within one year +€4,463
up €4,463 (+14.9%), from €29,884 to €34,347
of which Trade receivables: +€3,021
- Trade debts -€66,262
down €66,262 (-76.9%), from €86,137 to €19,876
- Debts after one year +€55,166
up €55,166, from €0 to €55,166
- Accrued charges and deferred income +€38,580
up €38,580 (+180%), from €21,400 to €59,980
- Other debts +€25,513
up €25,513 (+952%), from €2,681 to €28,194
- Current portion of long-term debt +€10,745
up €10,745 (+514%), from €2,089 to €12,834
- Staff costs +€10,961
up €10,961 (+10.6%), from €103,739 to €114,701
- Gross operating margin +€10,546
up €10,546 (+9.1%), from €115,291 to €125,838
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 | €125,322 | €181,671 | +€56,349 | +45.0% |
| Fixed assets | 21/28 | €30,935 | €111,544 | +€80,609 | +261% |
| Tangible fixed assets | 22/27 | €30,935 | €111,544 | +€80,609 | +261% |
| Plant, machinery and equipment | 23 | €24,614 | €17,917 | -€6,697 | -27.2% |
| Furniture and vehicles | 24 | €6,320 | €93,627 | +€87,307 | +1,381% |
| Current assets | 29/58 | €94,387 | €70,127 | -€24,261 | -25.7% |
| Stocks and contracts in progress | 3 | €4,580 | €20,623 | +€16,043 | +350% |
| Stocks | 30/36 | €4,580 | €20,623 | +€16,043 | +350% |
| Amounts receivable within one year | 40/41 | €29,884 | €34,347 | +€4,463 | +14.9% |
| Trade receivables | 40 | €16,440 | €19,461 | +€3,021 | +18.4% |
| Other amounts receivable | 41 | €13,444 | €14,886 | +€1,442 | +10.7% |
| Cash at bank and in hand | 54/58 | €59,923 | €15,156 | -€44,767 | -74.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €125,322 | €181,671 | +€56,349 | +45.0% |
| Equity | 10/15 | €5,221 | €107 | -€5,114 | -98.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,412 | €7,412 | = | 0.0% |
| Distributable reserves | 133 | €7,412 | €7,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,191 | -€9,305 | -€5,114 | -122% |
| Amounts payable | 17/49 | €120,101 | €181,564 | +€61,463 | +51.2% |
| Amounts payable after more than one year | 17 | €0 | €55,166 | +€55,166 | |
| Financial debts | 170/4 | €0 | €55,166 | +€55,166 | |
| Amounts payable within one year | 42/48 | €98,701 | €66,417 | -€32,284 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €2,089 | €12,834 | +€10,745 | +514% |
| Trade debts | 44 | €86,137 | €19,876 | -€66,262 | -76.9% |
| Suppliers | 440/4 | €86,137 | €19,876 | -€66,262 | -76.9% |
| Taxes, remuneration and social security | 45 | €7,793 | €5,513 | -€2,280 | -29.3% |
| Taxes | 450/3 | €158 | €337 | +€180 | +114% |
| Remuneration and social security | 454/9 | €7,636 | €5,176 | -€2,460 | -32.2% |
| Other amounts payable | 47/48 | €2,681 | €28,194 | +€25,513 | +952% |
| Accrued charges and deferred income | 492/3 | €21,400 | €59,980 | +€38,580 | +180% |
| Remuneration, social security and pensions | 62 | €103,739 | €114,701 | +€10,961 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,467 | €14,322 | +€854 | +6.3% |
| Other operating charges | 640/8 | €2,297 | €2,661 | +€363 | +15.8% |
| Gross operating margin | 9900 | €115,291 | €125,838 | +€10,546 | +9.1% |
| Operating profit (loss) | 9901 | -€4,213 | -€5,845 | -€1,633 | -38.8% |
| Financial income | 75/76B | €258 | €1,364 | +€1,106 | +429% |
| Recurring financial income | 75 | €258 | €1,364 | +€1,106 | +429% |
| Financial charges | 65/66B | €78 | €453 | +€375 | +480% |
| Recurring financial charges | 65 | €78 | €453 | +€375 | +480% |
| Profit (loss) for the period before taxes | 9903 | -€4,033 | -€4,934 | -€901 | -22.3% |
| Income taxes | 67/77 | €158 | €180 | +€22 | +14.0% |
| Profit (loss) for the period | 9904 | -€4,191 | -€5,114 | -€923 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,191 | -€5,114 | -€923 | -22.0% |
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 23 October 2026 via checked.be.