DE GROENENDIJK: 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 GROENENDIJK
Largest movements
- Cash +€10,939
up €10,939 (+29.9%), from €36,587 to €47,526
mainly Depreciation (+€14,971) and Net result for the year (+€14,124)
- Receivables within one year -€5,801
down €5,801 (-85.8%), from €6,757 to €957
of which Other amounts receivable: -€6,232
- Tangible fixed assets -€2,321
down €2,321 (-4.9%), from €46,983 to €44,662
of which Plant, machinery and equipment: -€8,945
- Deferred charges and accrued income -€1,285
down €1,285 (-22.6%), from €5,673 to €4,388
- Reserves +€14,000
up €14,000 (+38.4%), from €36,500 to €50,500
- Debts after one year -€11,851
no longer reported in 2025 (was €11,851)
- Current portion of long-term debt -€1,475
down €1,475 (-11.1%), from €13,326 to €11,851
- Gross operating margin +€34,520
up €34,520 (+73.6%), from €46,897 to €81,417
- Staff costs +€6,946
up €6,946 (+18.4%), from €37,665 to €44,611
- Taxes +€3,182
up €3,182 (+612%), from €520 to €3,702
- Depreciation +€1,476
up €1,476 (+10.9%), from €13,495 to €14,971
- Financial charges -€951
down €951 (-24.2%), from €3,929 to €2,978
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 | €103,674 | €105,742 | +€2,069 | +2.0% |
| Fixed assets | 21/28 | €47,233 | €44,912 | -€2,321 | -4.9% |
| Tangible fixed assets | 22/27 | €46,983 | €44,662 | -€2,321 | -4.9% |
| Plant, machinery and equipment | 23 | €21,585 | €12,640 | -€8,945 | -41.4% |
| Furniture and vehicles | 24 | €6,471 | €3,943 | -€2,527 | -39.1% |
| Other tangible fixed assets | 26 | €18,927 | €28,078 | +€9,151 | +48.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €56,441 | €60,830 | +€4,390 | +7.8% |
| Stocks and contracts in progress | 3 | €7,423 | €7,960 | +€536 | +7.2% |
| Stocks | 30/36 | €7,423 | €7,960 | +€536 | +7.2% |
| Amounts receivable within one year | 40/41 | €6,757 | €957 | -€5,801 | -85.8% |
| Trade receivables | 40 | - | €432 | +€432 | |
| Other amounts receivable | 41 | €6,757 | €525 | -€6,232 | -92.2% |
| Cash at bank and in hand | 54/58 | €36,587 | €47,526 | +€10,939 | +29.9% |
| Deferred charges and accrued income | 490/1 | €5,673 | €4,388 | -€1,285 | -22.6% |
| Total equity and liabilities | 10/49 | €103,674 | €105,742 | +€2,069 | +2.0% |
| Equity | 10/15 | €56,698 | €70,823 | +€14,124 | +24.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,500 | €50,500 | +€14,000 | +38.4% |
| Distributable reserves | 133 | €36,500 | €50,500 | +€14,000 | +38.4% |
| Profit (loss) carried forward | 14 | €198 | €323 | +€124 | +62.8% |
| Amounts payable | 17/49 | €46,976 | €34,920 | -€12,056 | -25.7% |
| Amounts payable after more than one year | 17 | €11,851 | - | -€11,851 | |
| Financial debts | 170/4 | €11,851 | - | -€11,851 | |
| Amounts payable within one year | 42/48 | €35,125 | €34,920 | -€205 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €13,326 | €11,851 | -€1,475 | -11.1% |
| Trade debts | 44 | €14,733 | €14,643 | -€90 | -0.6% |
| Suppliers | 440/4 | €14,733 | €14,643 | -€90 | -0.6% |
| Taxes, remuneration and social security | 45 | €7,066 | €7,603 | +€537 | +7.6% |
| Taxes | 450/3 | €5,834 | €7,499 | +€1,664 | +28.5% |
| Remuneration and social security | 454/9 | €1,232 | €104 | -€1,127 | -91.5% |
| Other amounts payable | 47/48 | - | €823 | +€823 | |
| Remuneration, social security and pensions | 62 | €37,665 | €44,611 | +€6,946 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,495 | €14,971 | +€1,476 | +10.9% |
| Other operating charges | 640/8 | €1,147 | €1,110 | -€37 | -3.2% |
| Gross operating margin | 9900 | €46,897 | €81,417 | +€34,520 | +73.6% |
| Operating profit (loss) | 9901 | -€5,410 | €20,725 | +€26,135 | |
| Financial income | 75/76B | €46 | €80 | +€34 | +75.4% |
| Recurring financial income | 75 | €46 | €80 | +€34 | +75.4% |
| Financial charges | 65/66B | €3,929 | €2,978 | -€951 | -24.2% |
| Recurring financial charges | 65 | €3,929 | €2,978 | -€951 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,294 | €17,826 | +€27,121 | |
| Income taxes | 67/77 | €520 | €3,702 | +€3,182 | +612% |
| Profit (loss) for the period | 9904 | -€9,814 | €14,124 | +€23,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,814 | €14,124 | +€23,939 |
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.