G-ROW TECH: what changed
Two fiscal 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.
G-ROW TECH
Largest movements
- Tangible fixed assets -€257,018
down €257,018 (-60.9%), from €422,145 to €165,127
of which Leasing and similar rights: -€195,942
- Receivables within one year +€87,693
up €87,693 (+109.1%), from €80,344 to €168,037
of which Trade receivables: +€88,176
- Cash -€18,683
down €18,683 (-54.7%), from €34,144 to €15,461
mainly Debts after one year (-€535,072) and Net result for the year (-€208,667)
- Debts after one year -€535,072
down €535,072 (-28.8%), from €1.9m to €1.3m
of which Financial debts: -€585,572
- Short-term financial debts +€308,520
new in 2024: €308,520
- Profit (loss) carried forward -€208,667
down €208,667 (-57.6%), from -€362,105 to -€570,772
- Trade debts +€163,047
up €163,047 (+210.2%), from €77,560 to €240,607
- Current portion of long-term debt +€35,223
up €35,223 (+27.0%), from €130,654 to €165,877
- Gross operating margin +€187,200
up €187,200 (+588.0%), from €31,838 to €219,038
- Purchases and services -€130,542
down €130,542 (-22.0%), from €593,008 to €462,465
- Turnover +€58,503
up €58,503 (+9.4%), from €621,676 to €680,179
- Staff costs -€45,469
down €45,469 (-19.9%), from €228,714 to €183,245
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,771,796 | €1,562,385 | -€209,411 | -11.8% |
| Fixed assets | 21/28 | €1,284,145 | €1,011,127 | -€273,018 | -21.3% |
| Intangible fixed assets | 21 | €112,000 | €96,000 | -€16,000 | -14.3% |
| Tangible fixed assets | 22/27 | €422,145 | €165,127 | -€257,018 | -60.9% |
| Plant, machinery and equipment | 23 | €140,897 | €81,939 | -€58,958 | -41.8% |
| Furniture and vehicles | 24 | €1,485 | €1,141 | -€344 | -23.1% |
| Leasing and similar rights | 25 | €252,204 | €56,263 | -€195,942 | -77.7% |
| Other tangible fixed assets | 26 | €27,560 | €25,784 | -€1,775 | -6.4% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €487,651 | €551,258 | +€63,607 | +13.0% |
| Stocks and contracts in progress | 3 | €363,283 | €363,283 | = | 0.0% |
| Stocks | 30/36 | €363,283 | €363,283 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,344 | €168,037 | +€87,693 | +109.1% |
| Trade receivables | 40 | €79,861 | €168,037 | +€88,176 | +110.4% |
| Other amounts receivable | 41 | €483 | €0 | -€483 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,144 | €15,461 | -€18,683 | -54.7% |
| Deferred charges and accrued income | 490/1 | €9,880 | €4,477 | -€5,403 | -54.7% |
| Total equity and liabilities | 10/49 | €1,771,796 | €1,562,385 | -€209,411 | -11.8% |
| Equity | 10/15 | -€347,105 | -€555,772 | -€208,667 | -60.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,105 | -€570,772 | -€208,667 | -57.6% |
| Amounts payable | 17/49 | €2,118,901 | €2,118,157 | -€744 | 0.0% |
| Amounts payable after more than one year | 17 | €1,859,599 | €1,324,527 | -€535,072 | -28.8% |
| Financial debts | 170/4 | €1,448,599 | €863,027 | -€585,572 | -40.4% |
| Trade debts | 175 | €241,000 | €267,500 | +€26,500 | +11.0% |
| Advances received on contracts in progress | 176 | €120,000 | €120,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €74,000 | +€24,000 | +48.0% |
| Amounts payable within one year | 42/48 | €259,302 | €793,630 | +€534,328 | +206.1% |
| Current portion of amounts payable after more than one year | 42 | €130,654 | €165,877 | +€35,223 | +27.0% |
| Financial debts | 43 | - | €308,520 | +€308,520 | |
| Credit institutions | 430/8 | - | €308,520 | +€308,520 | |
| Trade debts | 44 | €77,560 | €240,607 | +€163,047 | +210.2% |
| Suppliers | 440/4 | €77,560 | €240,607 | +€163,047 | +210.2% |
| Taxes, remuneration and social security | 45 | €46,506 | €58,493 | +€11,987 | +25.8% |
| Taxes | 450/3 | €22,674 | €38,960 | +€16,286 | +71.8% |
| Remuneration and social security | 454/9 | €23,832 | €19,533 | -€4,299 | -18.0% |
| Other amounts payable | 47/48 | €4,581 | €20,133 | +€15,552 | +339.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €621,676 | €680,179 | +€58,503 | +9.4% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €593,008 | €462,465 | -€130,542 | -22.0% |
| Remuneration, social security and pensions | 62 | €228,714 | €183,245 | -€45,469 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,871 | €128,430 | +€6,559 | +5.4% |
| Other operating charges | 640/8 | €3,451 | €1,389 | -€2,062 | -59.7% |
| Non-recurring operating charges | 66A | - | €55,049 | +€55,049 | |
| Gross operating margin | 9900 | €31,838 | €219,038 | +€187,200 | +588.0% |
| Operating profit (loss) | 9901 | -€322,197 | -€149,074 | +€173,123 | +53.7% |
| Financial income | 75/76B | €6 | €1 | -€5 | -78.6% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -78.6% |
| Financial charges | 65/66B | €60,630 | €59,594 | -€1,035 | -1.7% |
| Recurring financial charges | 65 | €60,630 | €59,594 | -€1,035 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€382,821 | -€208,667 | +€174,154 | +45.5% |
| Profit (loss) for the period | 9904 | -€382,821 | -€208,667 | +€174,154 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€382,821 | -€208,667 | +€174,154 | +45.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.