De Groeispurters: 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.
De Groeispurters
Largest movements
- Receivables within one year -€12,294
down €12,294 (-45.7%), from €26,922 to €14,628
of which Other amounts receivable: -€7,504
- Cash +€5,741
up €5,741 (+22.0%), from €26,092 to €31,833
mainly Trade debts (+€101,274) and Depreciation (+€61,193)
- Intangible fixed assets -€4,648
down €4,648 (-41.4%), from €11,214 to €6,566
- Tangible fixed assets -€3,462
down €3,462 (-1.6%), from €210,221 to €206,759
- Trade debts +€101,274
up €101,274 (+107%), from €95,034 to €196,308
- Profit (loss) carried forward -€88,590
down €88,590 (-247%), from -€35,869 to -€124,459
- Debts after one year -€30,157
down €30,157 (-28.6%), from €105,589 to €75,432
- Current portion of long-term debt +€11,456
up €11,456 (+59.0%), from €19,411 to €30,867
- Other debts -€9,159
down €9,159 (-19.8%), from €46,283 to €37,124
- Gross operating margin -€42,525
down €42,525, from €22,788 to -€19,737
- Depreciation +€11,278
up €11,278 (+22.6%), from €49,915 to €61,193
- Financial charges +€3,600
up €3,600 (+56.2%), from €6,399 to €9,999
- Write-downs +€3,337
up €3,337, from -€3,337 to €0
- Financial income +€3,033
up €3,033 (+22,106%), from €14 to €3,047
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 | €274,448 | €259,785 | -€14,663 | -5.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €221,434 | €213,324 | -€8,110 | -3.7% |
| Intangible fixed assets | 21 | €11,214 | €6,566 | -€4,648 | -41.4% |
| Tangible fixed assets | 22/27 | €210,221 | €206,759 | -€3,462 | -1.6% |
| Furniture and vehicles | 24 | €210,221 | €206,759 | -€3,462 | -1.6% |
| Current assets | 29/58 | €53,013 | €46,461 | -€6,553 | -12.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €26,922 | €14,628 | -€12,294 | -45.7% |
| Trade receivables | 40 | €5,757 | €967 | -€4,790 | -83.2% |
| Other amounts receivable | 41 | €21,165 | €13,661 | -€7,504 | -35.5% |
| Cash at bank and in hand | 54/58 | €26,092 | €31,833 | +€5,741 | +22.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €274,448 | €259,785 | -€14,663 | -5.3% |
| Equity | 10/15 | €8,131 | -€80,459 | -€88,590 | |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,869 | -€124,459 | -€88,590 | -247% |
| Amounts payable | 17/49 | €266,317 | €340,244 | +€73,928 | +27.8% |
| Amounts payable after more than one year | 17 | €105,589 | €75,432 | -€30,157 | -28.6% |
| Financial debts | 170/4 | €105,589 | €75,432 | -€30,157 | -28.6% |
| Amounts payable within one year | 42/48 | €160,727 | €264,299 | +€103,572 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €19,411 | €30,867 | +€11,456 | +59.0% |
| Trade debts | 44 | €95,034 | €196,308 | +€101,274 | +107% |
| Suppliers | 440/4 | €95,034 | €196,308 | +€101,274 | +107% |
| Other amounts payable | 47/48 | €46,283 | €37,124 | -€9,159 | -19.8% |
| Accrued charges and deferred income | 492/3 | €0 | €513 | +€513 | |
| Non-recurring operating income | 76A | €2,013 | €0 | -€2,013 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,915 | €61,193 | +€11,278 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,337 | €0 | +€3,337 | |
| Other operating charges | 640/8 | €1,115 | €708 | -€407 | -36.5% |
| Gross operating margin | 9900 | €22,788 | -€19,737 | -€42,525 | |
| Operating profit (loss) | 9901 | -€24,905 | -€81,638 | -€56,733 | -228% |
| Financial income | 75/76B | €14 | €3,047 | +€3,033 | +22,106% |
| Recurring financial income | 75 | €14 | €3,047 | +€3,033 | +22,106% |
| Financial charges | 65/66B | €6,399 | €9,999 | +€3,600 | +56.2% |
| Recurring financial charges | 65 | €6,399 | €9,999 | +€3,600 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,291 | -€88,590 | -€57,300 | -183% |
| Profit (loss) for the period | 9904 | -€31,291 | -€88,590 | -€57,300 | -183% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,291 | -€88,590 | -€57,300 | -183% |
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 17 October 2026 via checked.be.