GROBECA: 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.
GROBECA
Largest movements
- Receivables within one year +€44,800
up €44,800 (+146.0%), from €30,692 to €75,492
of which Trade receivables: +€26,766
- Tangible fixed assets -€44,716
down €44,716 (-8.0%), from €559,333 to €514,617
of which Furniture and vehicles: -€54,415
- Cash -€38,832
down €38,832 (-32.8%), from €118,431 to €79,599
mainly Debts after one year (-€201,410) and Contributions, distributions and other (-€75,081)
- Stocks and contracts +€10,714
up €10,714 (+24.4%), from €43,857 to €54,572
- Debts after one year -€201,410
down €201,410 (-42.6%), from €473,001 to €271,591
- Other debts +€152,854
up €152,854 (+149.5%), from €102,252 to €255,106
- Current portion of long-term debt +€8,708
up €8,708 (+14.1%), from €61,880 to €70,588
- Advances received +€8,600
up €8,600 (+19.4%), from €44,395 to €52,995
- Gross operating margin +€74,297
up €74,297 (+56.6%), from €131,309 to €205,605
- Other operating charges +€20,948
up €20,948 (+326.1%), from €6,424 to €27,372
- Taxes +€11,970
up €11,970 (+130.8%), from €9,153 to €21,123
- Financial charges -€7,829
down €7,829 (-24.5%), from €31,913 to €24,084
- Depreciation -€4,057
down €4,057 (-7.4%), from €54,905 to €50,848
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 | €756,758 | €727,164 | -€29,594 | -3.9% |
| Fixed assets | 21/28 | €559,333 | €514,617 | -€44,716 | -8.0% |
| Tangible fixed assets | 22/27 | €559,333 | €514,617 | -€44,716 | -8.0% |
| Land and buildings | 22 | €428,508 | €412,202 | -€16,306 | -3.8% |
| Plant, machinery and equipment | 23 | €24,302 | €50,306 | +€26,005 | +107.0% |
| Furniture and vehicles | 24 | €106,524 | €52,109 | -€54,415 | -51.1% |
| Current assets | 29/58 | €197,425 | €212,547 | +€15,122 | +7.7% |
| Stocks and contracts in progress | 3 | €43,857 | €54,572 | +€10,714 | +24.4% |
| Stocks | 30/36 | €43,857 | €54,572 | +€10,714 | +24.4% |
| Amounts receivable within one year | 40/41 | €30,692 | €75,492 | +€44,800 | +146.0% |
| Trade receivables | 40 | €19,724 | €46,490 | +€26,766 | +135.7% |
| Other amounts receivable | 41 | €10,968 | €29,002 | +€18,034 | +164.4% |
| Cash at bank and in hand | 54/58 | €118,431 | €79,599 | -€38,832 | -32.8% |
| Deferred charges and accrued income | 490/1 | €4,444 | €2,885 | -€1,560 | -35.1% |
| Total equity and liabilities | 10/49 | €756,758 | €727,164 | -€29,594 | -3.9% |
| Equity | 10/15 | €57,451 | €57,451 | = | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €37,320 | €37,320 | = | 0.0% |
| Distributable reserves | 133 | €37,320 | €37,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,870 | -€29,870 | = | 0.0% |
| Amounts payable | 17/49 | €699,308 | €669,714 | -€29,594 | -4.2% |
| Amounts payable after more than one year | 17 | €473,001 | €271,591 | -€201,410 | -42.6% |
| Financial debts | 170/4 | €473,001 | €271,591 | -€201,410 | -42.6% |
| Amounts payable within one year | 42/48 | €224,875 | €396,184 | +€171,308 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €61,880 | €70,588 | +€8,708 | +14.1% |
| Trade debts | 44 | €3,300 | €6,617 | +€3,317 | +100.5% |
| Suppliers | 440/4 | €3,300 | €6,617 | +€3,317 | +100.5% |
| Advances received on contracts in progress | 46 | €44,395 | €52,995 | +€8,600 | +19.4% |
| Taxes, remuneration and social security | 45 | €13,048 | €10,878 | -€2,170 | -16.6% |
| Taxes | 450/3 | €13,048 | €9,515 | -€3,533 | -27.1% |
| Remuneration and social security | 454/9 | - | €1,363 | +€1,363 | |
| Other amounts payable | 47/48 | €102,252 | €255,106 | +€152,854 | +149.5% |
| Accrued charges and deferred income | 492/3 | €1,432 | €1,939 | +€507 | +35.4% |
| Remuneration, social security and pensions | 62 | €6,687 | €7,232 | +€545 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,905 | €50,848 | -€4,057 | -7.4% |
| Other operating charges | 640/8 | €6,424 | €27,372 | +€20,948 | +326.1% |
| Gross operating margin | 9900 | €131,309 | €205,605 | +€74,297 | +56.6% |
| Operating profit (loss) | 9901 | €63,292 | €120,153 | +€56,861 | +89.8% |
| Financial income | 75/76B | €303 | €135 | -€167 | -55.3% |
| Recurring financial income | 75 | €303 | €135 | -€167 | -55.3% |
| Financial charges | 65/66B | €31,913 | €24,084 | -€7,829 | -24.5% |
| Recurring financial charges | 65 | €31,913 | €24,084 | -€7,829 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €31,682 | €96,204 | +€64,523 | +203.7% |
| Income taxes | 67/77 | €9,153 | €21,123 | +€11,970 | +130.8% |
| Profit (loss) for the period | 9904 | €22,528 | €75,081 | +€52,553 | +233.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,528 | €75,081 | +€52,553 | +233.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.