DE GROENTUIN: 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 GROENTUIN
Largest movements
- Cash -€1.3m
down €1.3m (-45.6%), from €2.9m to €1.6m
mainly Debts after one year (-€2.7m) and Investment in fixed assets (net) (-€892,217)
- Current investments +€511,374
up €511,374 (+21.1%), from €2.4m to €2.9m
- Tangible fixed assets -€508,708
down €508,708 (-4.9%), from €10.4m to €9.9m
of which Land and buildings: -€433,058
- Debts after one year -€2.7m
down €2.7m (-52.3%), from €5.1m to €2.4m
- Reserves +€1.7m
up €1.7m (+17.3%), from €9.7m to €11.4m
of which Distributable reserves: +€1.7m
- Current portion of long-term debt -€350,000
down €350,000 (-24.8%), from €1.4m to €1.1m
- Trade debts +€342,770
up €342,770 (+24.7%), from €1.4m to €1.7m
- Tax, wage and social debts -€204,165
down €204,165 (-58.5%), from €349,173 to €145,008
of which Taxes: -€206,905
- Gross operating margin -€1.2m
down €1.2m (-23.6%), from €5.2m to €4.0m
- Taxes -€406,676
down €406,676 (-35.9%), from €1.1m to €726,171
- Depreciation -€292,134
down €292,134 (-18.0%), from €1.6m to €1.3m
- Financial income -€148,392
down €148,392 (-14.0%), from €1.1m to €912,029
- Staff costs +€93,599
up €93,599 (+9.7%), from €966,832 to €1.1m
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.
Cash bridge derived
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 | €18,117,368 | €16,874,845 | -€1.2m | -6.9% |
| Fixed assets | 21/28 | €10,489,260 | €10,051,222 | -€438,038 | -4.2% |
| Tangible fixed assets | 22/27 | €10,413,945 | €9,905,237 | -€508,708 | -4.9% |
| Land and buildings | 22 | €5,326,095 | €4,893,037 | -€433,058 | -8.1% |
| Plant, machinery and equipment | 23 | €4,977,300 | €4,892,756 | -€84,544 | -1.7% |
| Furniture and vehicles | 24 | €110,550 | €119,445 | +€8,895 | +8.0% |
| Financial fixed assets | 28 | €75,315 | €145,985 | +€70,670 | +93.8% |
| Current assets | 29/58 | €7,628,109 | €6,823,623 | -€804,486 | -10.5% |
| Stocks and contracts in progress | 3 | €582,473 | €578,299 | -€4,173 | -0.7% |
| Stocks | 30/36 | €582,473 | €578,299 | -€4,173 | -0.7% |
| Amounts receivable within one year | 40/41 | €1,672,446 | €1,588,660 | -€83,786 | -5.0% |
| Trade receivables | 40 | €1,628,801 | €1,432,414 | -€196,387 | -12.1% |
| Other amounts receivable | 41 | €43,644 | €156,245 | +€112,601 | +258.0% |
| Current investments | 50/53 | €2,421,718 | €2,933,092 | +€511,374 | +21.1% |
| Cash at bank and in hand | 54/58 | €2,901,003 | €1,578,242 | -€1.3m | -45.6% |
| Deferred charges and accrued income | 490/1 | €50,469 | €145,329 | +€94,860 | +188.0% |
| Total equity and liabilities | 10/49 | €18,117,368 | €16,874,845 | -€1.2m | -6.9% |
| Equity | 10/15 | €9,817,498 | €11,473,592 | +€1.7m | +16.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €9,680,215 | €11,352,397 | +€1.7m | +17.3% |
| Tax-exempt reserves | 132 | €1,259,102 | €1,263,000 | +€3,898 | +0.3% |
| Distributable reserves | 133 | €8,421,114 | €10,089,397 | +€1.7m | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €112,282 | €96,195 | -€16,087 | -14.3% |
| Provisions and deferred taxes | 16 | €5,910 | €5,063 | -€847 | -14.3% |
| Deferred taxes | 168 | €5,910 | €5,063 | -€847 | -14.3% |
| Amounts payable | 17/49 | €8,293,961 | €5,396,189 | -€2.9m | -34.9% |
| Amounts payable after more than one year | 17 | €5,083,205 | €2,422,326 | -€2.7m | -52.3% |
| Financial debts | 170/4 | €5,083,205 | €2,422,326 | -€2.7m | -52.3% |
| Amounts payable within one year | 42/48 | €3,153,624 | €2,935,276 | -€218,348 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €1,410,879 | €1,060,879 | -€350,000 | -24.8% |
| Trade debts | 44 | €1,386,401 | €1,729,171 | +€342,770 | +24.7% |
| Suppliers | 440/4 | €1,386,401 | €1,729,171 | +€342,770 | +24.7% |
| Taxes, remuneration and social security | 45 | €349,173 | €145,008 | -€204,165 | -58.5% |
| Taxes | 450/3 | €280,123 | €73,218 | -€206,905 | -73.9% |
| Remuneration and social security | 454/9 | €69,050 | €71,790 | +€2,740 | +4.0% |
| Other amounts payable | 47/48 | €7,171 | €218 | -€6,952 | -97.0% |
| Accrued charges and deferred income | 492/3 | €57,132 | €38,587 | -€18,545 | -32.5% |
| Non-recurring operating income | 76A | €10,009 | €19,090 | +€9,082 | +90.7% |
| Remuneration, social security and pensions | 62 | €966,832 | €1,060,431 | +€93,599 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,622,389 | €1,330,255 | -€292,134 | -18.0% |
| Other operating charges | 640/8 | €61,083 | €69,387 | +€8,304 | +13.6% |
| Gross operating margin | 9900 | €5,210,581 | €3,979,343 | -€1.2m | -23.6% |
| Operating profit (loss) | 9901 | €2,560,278 | €1,519,271 | -€1.0m | -40.7% |
| Financial income | 75/76B | €1,060,421 | €912,029 | -€148,392 | -14.0% |
| Recurring financial income | 75 | €1,060,421 | €912,029 | -€148,392 | -14.0% |
| Financial charges | 65/66B | €103,242 | €33,793 | -€69,449 | -67.3% |
| Recurring financial charges | 65 | €103,242 | €33,793 | -€69,449 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €3,517,457 | €2,397,506 | -€1.1m | -31.8% |
| Transfer from deferred taxes | 780 | €2,023 | €847 | -€1,176 | -58.2% |
| Income taxes | 67/77 | €1,132,847 | €726,171 | -€406,676 | -35.9% |
| Profit (loss) for the period | 9904 | €2,386,633 | €1,672,182 | -€714,451 | -29.9% |
| Transfer from tax-exempt reserves | 789 | €627,602 | €522,352 | -€105,250 | -16.8% |
| Transfer to tax-exempt reserves | 689 | €736,750 | €526,250 | -€210,500 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,277,484 | €1,668,284 | -€609,201 | -26.7% |
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 12 October 2026 via checked.be.