GROBAR: 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.
What changed
GROBAR
NACE 01.130, Growing of vegetables, melons, roots and tubers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€252,356
2024 · €96,440-€348,796
Equity
€2.2m
2024 · €2.4m-€262,087
Cash
€84,924
2024 · €135,097-€50,173
Balance sheet total
€5.9m
2024 · €6.4m-€545,963
Largest movements
Assets
- Receivables within one year -€412,574
down €412,574 (-61.0%), from €676,237 to €263,663
of which Trade receivables: -€443,208
- Tangible fixed assets -€308,514
down €308,514 (-5.9%), from €5.2m to €4.9m
of which Plant, machinery and equipment: -€184,701
- Deferred charges and accrued income +€233,792
up €233,792 (+570.6%), from €40,976 to €274,768
Equity and liabilities
- Profit (loss) carried forward -€252,356
down €252,356, from €66,868 to -€185,488
- Debts after one year -€229,565
down €229,565 (-13.8%), from €1.7m to €1.4m
- Accrued charges and deferred income +€205,305
up €205,305 (+7930.7%), from €2,589 to €207,893
- Trade debts -€185,498
down €185,498 (-39.7%), from €466,796 to €281,299
Income statement
- Gross operating margin -€438,266
down €438,266 (-19.8%), from €2.2m to €1.8m
- Other operating charges -€89,944
down €89,944 (-49.5%), from €181,641 to €91,697
- Taxes -€39,930
down €39,930 (-97.8%), from €40,822 to €892
- Staff costs +€32,383
up €32,383 (+2.9%), from €1.1m 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.
Result 2024
€96,440
Gross operating margin
-€438,266
Staff costs
-€32,383
Depreciation
-€6,185
Other operating charges
+€89,944
Other operating items
-€7,018
Financial income
-€6,032
Financial charges
+€11,213
Taxes
+€39,930
Result 2025
-€252,356
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.
From operations
+€581,408
Investment
-€328,151
Financing
-€303,430
Cash 2024
€135,097
From operations (derived)
+€581,408
Net result for the year
-€252,356
Depreciation
+€690,153
Receivables after one year
-€43,956
Smaller working-capital items
-€1,523
Receivables within one year
+€412,574
Deferred charges and accrued income
-€233,792
Trade debts
-€185,498
Tax, wage and social debts
-€4,192
Other debts
-€5,306
Accrued charges and deferred income
+€205,305
Investment (derived)
-€328,151
Investment in fixed assets (net)
-€328,151
Financing
-€303,430
Debts after one year
-€229,565
Current portion of long-term debt
-€57,465
Short-term financial debts
-€6,669
Contributions, distributions and other
-€9,731
Cash 2025
€84,924
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,427,097 | €5,881,134 | -€545,963 | -8.5% |
| Fixed assets | 21/28 | €5,367,656 | €5,005,654 | -€362,002 | -6.7% |
| Intangible fixed assets | 21 | €131,316 | €77,128 | -€54,188 | -41.3% |
| Tangible fixed assets | 22/27 | €5,233,810 | €4,925,297 | -€308,514 | -5.9% |
| Land and buildings | 22 | €3,360,334 | €3,258,961 | -€101,373 | -3.0% |
| Plant, machinery and equipment | 23 | €1,813,964 | €1,629,264 | -€184,701 | -10.2% |
| Furniture and vehicles | 24 | €59,512 | €37,072 | -€22,440 | -37.7% |
| Financial fixed assets | 28 | €2,530 | €3,230 | +€700 | +27.7% |
| Current assets | 29/58 | €1,059,441 | €875,479 | -€183,962 | -17.4% |
| Amounts receivable after more than one year | 29 | €21,978 | €65,934 | +€43,956 | +200.0% |
| Other amounts receivable | 291 | €21,978 | €65,934 | +€43,956 | +200.0% |
| Stocks and contracts in progress | 3 | €185,153 | €186,189 | +€1,037 | +0.6% |
| Stocks | 30/36 | €185,153 | €186,189 | +€1,037 | +0.6% |
| Amounts receivable within one year | 40/41 | €676,237 | €263,663 | -€412,574 | -61.0% |
| Trade receivables | 40 | €462,260 | €19,052 | -€443,208 | -95.9% |
| Other amounts receivable | 41 | €213,978 | €244,611 | +€30,633 | +14.3% |
| Cash at bank and in hand | 54/58 | €135,097 | €84,924 | -€50,173 | -37.1% |
| Deferred charges and accrued income | 490/1 | €40,976 | €274,768 | +€233,792 | +570.6% |
| Total equity and liabilities | 10/49 | €6,427,097 | €5,881,134 | -€545,963 | -8.5% |
| Equity | 10/15 | €2,431,828 | €2,169,742 | -€262,087 | -10.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,266,981 | €2,266,981 | = | 0.0% |
| Distributable reserves | 133 | €2,266,981 | €2,266,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,868 | -€185,488 | -€252,356 | |
| Investment grants | 15 | €72,980 | €63,249 | -€9,731 | -13.3% |
| Provisions and deferred taxes | 16 | €3,649 | €3,162 | -€487 | -13.3% |
| Deferred taxes | 168 | €3,649 | €3,162 | -€487 | -13.3% |
| Amounts payable | 17/49 | €3,991,620 | €3,708,229 | -€283,390 | -7.1% |
| Amounts payable after more than one year | 17 | €1,658,203 | €1,428,638 | -€229,565 | -13.8% |
| Financial debts | 170/4 | €1,658,203 | €1,428,638 | -€229,565 | -13.8% |
| Amounts payable within one year | 42/48 | €2,330,828 | €2,071,698 | -€259,129 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €517,383 | €459,918 | -€57,465 | -11.1% |
| Financial debts | 43 | €1,035,412 | €1,028,743 | -€6,669 | -0.6% |
| Credit institutions | 430/8 | €11,546 | €9,650 | -€1,896 | -16.4% |
| Other loans | 439 | €1,023,867 | €1,019,093 | -€4,773 | -0.5% |
| Trade debts | 44 | €466,796 | €281,299 | -€185,498 | -39.7% |
| Suppliers | 440/4 | €466,796 | €281,299 | -€185,498 | -39.7% |
| Taxes, remuneration and social security | 45 | €114,073 | €109,881 | -€4,192 | -3.7% |
| Taxes | 450/3 | €15,621 | €11,495 | -€4,126 | -26.4% |
| Remuneration and social security | 454/9 | €98,452 | €98,385 | -€66 | -0.1% |
| Other amounts payable | 47/48 | €197,164 | €191,858 | -€5,306 | -2.7% |
| Accrued charges and deferred income | 492/3 | €2,589 | €207,893 | +€205,305 | +7930.7% |
| Remuneration, social security and pensions | 62 | €1,098,509 | €1,130,892 | +€32,383 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683,968 | €690,153 | +€6,185 | +0.9% |
| Other operating charges | 640/8 | €181,641 | €91,697 | -€89,944 | -49.5% |
| Non-recurring operating charges | 66A | - | €7,018 | +€7,018 | |
| Gross operating margin | 9900 | €2,213,698 | €1,775,432 | -€438,266 | -19.8% |
| Operating profit (loss) | 9901 | €249,580 | -€144,328 | -€393,908 | |
| Financial income | 75/76B | €20,904 | €14,873 | -€6,032 | -28.9% |
| Recurring financial income | 75 | €12,760 | €14,873 | +€2,113 | +16.6% |
| Non-recurring financial income | 76B | €8,145 | €0 | -€8,145 | -100.0% |
| Financial charges | 65/66B | €133,709 | €122,496 | -€11,213 | -8.4% |
| Recurring financial charges | 65 | €133,709 | €122,496 | -€11,213 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €136,776 | -€251,950 | -€388,726 | |
| Transfer from deferred taxes | 780 | €487 | €487 | = | 0.0% |
| Income taxes | 67/77 | €40,822 | €892 | -€39,930 | -97.8% |
| Profit (loss) for the period | 9904 | €96,440 | -€252,356 | -€348,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,440 | -€252,356 | -€348,796 |
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 11 October 2026 via checked.be.