DE GROENTEBOER: 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 GROENTEBOER
Largest movements
- Cash -€102,826
down €102,826 (-53.8%), from €191,058 to €88,232
mainly Receivables after one year (-€50,000) and Trade debts (-€48,004)
- Receivables after one year +€50,000
new in 2025: €50,000
- Receivables within one year -€44,269
down €44,269 (-86.6%), from €51,114 to €6,845
of which Other amounts receivable: -€22,498
- Stocks and contracts -€29,253
down €29,253 (-100%), from €29,253 to €0
- Tangible fixed assets -€18,623
down €18,623 (-11.7%), from €158,842 to €140,219
of which Plant, machinery and equipment: -€10,869
- Trade debts -€48,004
down €48,004 (-96.1%), from €49,974 to €1,970
- Tax, wage and social debts -€36,570
down €36,570 (-98.0%), from €37,313 to €743
of which Remuneration and social security: -€37,313
- Reserves -€32,649
down €32,649 (-12.6%), from €258,290 to €225,641
- Profit (loss) carried forward -€20,303
down €20,303 (-30.8%), from €65,819 to €45,516
- Accrued charges and deferred income +€9,000
new in 2025: €9,000
- Gross operating margin -€376,952
down €376,952, from €368,928 to -€8,024
- Staff costs -€253,113
down €253,113 (-99.8%), from €253,627 to €514
- Taxes -€27,918
down €27,918 (-99.3%), from €28,115 to €197
- Write-downs -€11,063
down €11,063 (-100%), from €11,063 to €0
- Depreciation -€10,305
down €10,305 (-51.7%), from €19,948 to €9,643
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 | €433,508 | €295,889 | -€137,618 | -31.7% |
| Fixed assets | 21/28 | €158,880 | €140,219 | -€18,661 | -11.7% |
| Tangible fixed assets | 22/27 | €158,842 | €140,219 | -€18,623 | -11.7% |
| Land and buildings | 22 | €131,989 | €126,472 | -€5,517 | -4.2% |
| Plant, machinery and equipment | 23 | €22,926 | €12,057 | -€10,869 | -47.4% |
| Furniture and vehicles | 24 | €3,927 | €1,690 | -€2,237 | -57.0% |
| Financial fixed assets | 28 | €38 | €0 | -€38 | -100% |
| Current assets | 29/58 | €274,628 | €155,670 | -€118,958 | -43.3% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €29,253 | €0 | -€29,253 | -100% |
| Stocks | 30/36 | €29,253 | €0 | -€29,253 | -100% |
| Amounts receivable within one year | 40/41 | €51,114 | €6,845 | -€44,269 | -86.6% |
| Trade receivables | 40 | €27,674 | €5,904 | -€21,771 | -78.7% |
| Other amounts receivable | 41 | €23,439 | €941 | -€22,498 | -96.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €191,058 | €88,232 | -€102,826 | -53.8% |
| Deferred charges and accrued income | 490/1 | €3,203 | €10,593 | +€7,390 | +231% |
| Total equity and liabilities | 10/49 | €433,508 | €295,889 | -€137,618 | -31.7% |
| Equity | 10/15 | €330,306 | €277,354 | -€52,952 | -16.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €258,290 | €225,641 | -€32,649 | -12.6% |
| Distributable reserves | 133 | €258,290 | €225,641 | -€32,649 | -12.6% |
| Profit (loss) carried forward | 14 | €65,819 | €45,516 | -€20,303 | -30.8% |
| Amounts payable | 17/49 | €103,201 | €18,535 | -€84,666 | -82.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €103,201 | €9,535 | -€93,666 | -90.8% |
| Current portion of amounts payable after more than one year | 42 | €3,541 | €0 | -€3,541 | -100% |
| Trade debts | 44 | €49,974 | €1,970 | -€48,004 | -96.1% |
| Suppliers | 440/4 | €49,974 | €1,970 | -€48,004 | -96.1% |
| Taxes, remuneration and social security | 45 | €37,313 | €743 | -€36,570 | -98.0% |
| Taxes | 450/3 | €0 | €743 | +€743 | |
| Remuneration and social security | 454/9 | €37,313 | €0 | -€37,313 | -100% |
| Other amounts payable | 47/48 | €12,373 | €6,822 | -€5,551 | -44.9% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Non-recurring operating income | 76A | €2,489 | €12,500 | +€10,011 | +402% |
| Remuneration, social security and pensions | 62 | €253,627 | €514 | -€253,113 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,948 | €9,643 | -€10,305 | -51.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,063 | €0 | -€11,063 | -100% |
| Other operating charges | 640/8 | €2,432 | €2,335 | -€97 | -4.0% |
| Non-recurring operating charges | 66A | €669 | €0 | -€669 | -100% |
| Gross operating margin | 9900 | €368,928 | -€8,024 | -€376,952 | |
| Operating profit (loss) | 9901 | €81,188 | -€20,517 | -€101,704 | |
| Financial income | 75/76B | €2,201 | €2,495 | +€294 | +13.4% |
| Recurring financial income | 75 | €2,201 | €2,495 | +€294 | +13.4% |
| Financial charges | 65/66B | €1,513 | €2,085 | +€571 | +37.8% |
| Recurring financial charges | 65 | €1,513 | €2,085 | +€571 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €81,875 | -€20,106 | -€101,982 | |
| Income taxes | 67/77 | €28,115 | €197 | -€27,918 | -99.3% |
| Profit (loss) for the period | 9904 | €53,761 | -€20,303 | -€74,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,761 | -€20,303 | -€74,064 |
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 28 October 2026 via checked.be.