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 -€151,967
down €151,967 (-91.9%), from €165,302 to €13,335
mainly Net result for the year (-€97,832) and Current investments (-€64,002)
- Current investments +€64,002
up €64,002 (+16.5%), from €388,537 to €452,540
- Receivables within one year -€36,855
down €36,855 (-4.3%), from €855,014 to €818,160
of which Other amounts receivable: -€31,888
- Profit (loss) carried forward -€97,832
down €97,832 (-14.7%), from -€663,753 to -€761,585
- Financial income -€66,867
down €66,867 (-65.9%), from €101,542 to €34,675
- Financial charges -€39,073
down €39,073 (-49.4%), from €79,074 to €40,000
- Gross operating margin -€9,161
down €9,161 (-13.6%), from -€67,289 to -€76,451
- Other operating charges -€6,227
down €6,227 (-67.0%), from €9,298 to €3,071
- Depreciation +€2,257
up €2,257 (+21.3%), from €10,572 to €12,828
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 | €3,405,162 | €3,266,570 | -€138,591 | -4.1% |
| Fixed assets | 21/28 | €163,254 | €150,425 | -€12,828 | -7.9% |
| Tangible fixed assets | 22/27 | €50,684 | €37,856 | -€12,828 | -25.3% |
| Plant, machinery and equipment | 23 | €1,764 | €1,356 | -€409 | -23.2% |
| Furniture and vehicles | 24 | €48,920 | €36,500 | -€12,420 | -25.4% |
| Financial fixed assets | 28 | €112,570 | €112,570 | = | 0.0% |
| Current assets | 29/58 | €3,241,908 | €3,116,145 | -€125,763 | -3.9% |
| Stocks and contracts in progress | 3 | €1,832,769 | €1,830,521 | -€2,248 | -0.1% |
| Stocks | 30/36 | €1,832,769 | €1,830,521 | -€2,248 | -0.1% |
| Amounts receivable within one year | 40/41 | €855,014 | €818,160 | -€36,855 | -4.3% |
| Trade receivables | 40 | €4,992 | €25 | -€4,966 | -99.5% |
| Other amounts receivable | 41 | €850,023 | €818,134 | -€31,888 | -3.8% |
| Current investments | 50/53 | €388,537 | €452,540 | +€64,002 | +16.5% |
| Cash at bank and in hand | 54/58 | €165,302 | €13,335 | -€151,967 | -91.9% |
| Deferred charges and accrued income | 490/1 | €286 | €1,590 | +€1,304 | +456.5% |
| Total equity and liabilities | 10/49 | €3,405,162 | €3,266,570 | -€138,591 | -4.1% |
| Equity | 10/15 | €2,112,330 | €2,014,498 | -€97,832 | -4.6% |
| Contributions | 10/11 | €2,280,000 | €2,280,000 | = | 0.0% |
| Reserves | 13 | €496,082 | €496,082 | = | 0.0% |
| Distributable reserves | 133 | €496,082 | €496,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€663,753 | -€761,585 | -€97,832 | -14.7% |
| Amounts payable | 17/49 | €1,292,832 | €1,252,073 | -€40,759 | -3.2% |
| Amounts payable after more than one year | 17 | €906,644 | €895,585 | -€11,059 | -1.2% |
| Financial debts | 170/4 | €906,644 | €895,585 | -€11,059 | -1.2% |
| Amounts payable within one year | 42/48 | €360,211 | €356,488 | -€3,723 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €11,138 | €11,553 | +€415 | +3.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,472 | €3,693 | +€2,221 | +150.8% |
| Suppliers | 440/4 | €1,472 | €3,693 | +€2,221 | +150.8% |
| Advances received on contracts in progress | 46 | €3,630 | €0 | -€3,630 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,016 | €659 | -€11,357 | -94.5% |
| Taxes | 450/3 | €9,942 | €659 | -€9,283 | -93.4% |
| Remuneration and social security | 454/9 | €2,074 | €0 | -€2,074 | -100.0% |
| Other amounts payable | 47/48 | €331,954 | €340,583 | +€8,629 | +2.6% |
| Accrued charges and deferred income | 492/3 | €25,977 | €0 | -€25,977 | -100.0% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,572 | €12,828 | +€2,257 | +21.3% |
| Other operating charges | 640/8 | €9,298 | €3,071 | -€6,227 | -67.0% |
| Gross operating margin | 9900 | -€67,289 | -€76,451 | -€9,161 | -13.6% |
| Operating profit (loss) | 9901 | -€87,159 | -€92,349 | -€5,190 | -6.0% |
| Financial income | 75/76B | €101,542 | €34,675 | -€66,867 | -65.9% |
| Recurring financial income | 75 | €101,542 | €34,675 | -€66,867 | -65.9% |
| Financial charges | 65/66B | €79,074 | €40,000 | -€39,073 | -49.4% |
| Recurring financial charges | 65 | €79,074 | €40,000 | -€39,073 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | -€64,691 | -€97,675 | -€32,984 | -51.0% |
| Income taxes | 67/77 | - | €157 | +€157 | |
| Profit (loss) for the period | 9904 | -€64,691 | -€97,832 | -€33,141 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,691 | -€97,832 | -€33,141 | -51.2% |
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 10 October 2026 via checked.be.