GROBO: 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.
GROBO
Largest movements
- Cash -€47,443
down €47,443 (-21.3%), from €222,631 to €175,188
mainly Net result for the year (-€27,296) and Trade debts (-€15,353)
- Tangible fixed assets -€19,258
down €19,258 (-33.4%), from €57,713 to €38,454
- Stocks and contracts -€3,737
down €3,737 (-23.6%), from €15,868 to €12,130
- Reserves -€27,296
down €27,296 (-14.1%), from €193,874 to €166,578
of which Distributable reserves: -€27,296
- Trade debts -€15,353
down €15,353 (-52.2%), from €29,384 to €14,031
- Tax, wage and social debts -€13,087
down €13,087 (-65.8%), from €19,893 to €6,807
- Debts after one year -€10,267
down €10,267 (-45.3%), from €22,681 to €12,414
- Other debts -€4,656
down €4,656 (-74.5%), from €6,253 to €1,598
- Gross operating margin -€28,785
down €28,785, from €24,317 to -€4,468
- Taxes -€1,394
down €1,394 (-84.5%), from €1,651 to €256
- Financial charges -€416
down €416 (-21.9%), from €1,902 to €1,486
- Other operating charges -€296
down €296 (-13.9%), from €2,123 to €1,827
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 | €301,020 | €230,694 | -€70,326 | -23.4% |
| Fixed assets | 21/28 | €57,713 | €38,454 | -€19,258 | -33.4% |
| Tangible fixed assets | 22/27 | €57,713 | €38,454 | -€19,258 | -33.4% |
| Furniture and vehicles | 24 | €57,713 | €38,454 | -€19,258 | -33.4% |
| Current assets | 29/58 | €243,307 | €192,240 | -€51,067 | -21.0% |
| Stocks and contracts in progress | 3 | €15,868 | €12,130 | -€3,737 | -23.6% |
| Stocks | 30/36 | €15,868 | €12,130 | -€3,737 | -23.6% |
| Amounts receivable within one year | 40/41 | €4,809 | €3,932 | -€877 | -18.2% |
| Trade receivables | 40 | €2,990 | €3,932 | +€942 | +31.5% |
| Other amounts receivable | 41 | €1,819 | - | -€1,819 | |
| Cash at bank and in hand | 54/58 | €222,631 | €175,188 | -€47,443 | -21.3% |
| Deferred charges and accrued income | 490/1 | - | €990 | +€990 | |
| Total equity and liabilities | 10/49 | €301,020 | €230,694 | -€70,326 | -23.4% |
| Equity | 10/15 | €212,874 | €185,578 | -€27,296 | -12.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €193,874 | €166,578 | -€27,296 | -14.1% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €191,974 | €164,678 | -€27,296 | -14.2% |
| Amounts payable | 17/49 | €88,146 | €45,116 | -€43,030 | -48.8% |
| Amounts payable after more than one year | 17 | €22,681 | €12,414 | -€10,267 | -45.3% |
| Financial debts | 170/4 | €22,681 | €12,414 | -€10,267 | -45.3% |
| Amounts payable within one year | 42/48 | €65,465 | €32,702 | -€32,763 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €9,934 | €10,267 | +€333 | +3.3% |
| Trade debts | 44 | €29,384 | €14,031 | -€15,353 | -52.2% |
| Suppliers | 440/4 | €29,384 | €14,031 | -€15,353 | -52.2% |
| Taxes, remuneration and social security | 45 | €19,893 | €6,807 | -€13,087 | -65.8% |
| Taxes | 450/3 | €19,893 | €6,807 | -€13,087 | -65.8% |
| Other amounts payable | 47/48 | €6,253 | €1,598 | -€4,656 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,258 | €19,258 | = | 0.0% |
| Other operating charges | 640/8 | €2,123 | €1,827 | -€296 | -13.9% |
| Gross operating margin | 9900 | €24,317 | -€4,468 | -€28,785 | |
| Operating profit (loss) | 9901 | €2,935 | -€25,554 | -€28,489 | |
| Financial income | 75/76B | €70 | - | -€70 | |
| Recurring financial income | 75 | €70 | - | -€70 | |
| Financial charges | 65/66B | €1,902 | €1,486 | -€416 | -21.9% |
| Recurring financial charges | 65 | €1,902 | €1,486 | -€416 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €1,103 | -€27,039 | -€28,143 | |
| Income taxes | 67/77 | €1,651 | €256 | -€1,394 | -84.5% |
| Profit (loss) for the period | 9904 | -€547 | -€27,296 | -€26,748 | -4,888% |
| Profit (loss) for the period to be appropriated | 9905 | -€547 | -€27,296 | -€26,748 | -4,888% |
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 14 October 2026 via checked.be.