Grocon: 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.
Grocon
Largest movements
- Cash -€60,099
down €60,099 (-23.4%), from €257,259 to €197,160
- Tangible fixed assets -€46,980
down €46,980 (-100%), from €46,980 to €0
of which Leasing and similar rights: -€43,550
- Stocks and contracts +€22,297
up €22,297 (+51.1%), from €43,628 to €65,925
- Receivables within one year -€8,010
down €8,010 (-17.0%), from €47,129 to €39,119
of which Trade receivables: -€9,860
- Current portion of long-term debt -€52,777
down €52,777 (-100%), from €52,777 to €0
- Tax, wage and social debts -€35,964
down €35,964 (-100%), from €35,964 to €0
- Debts after one year -€4,473
down €4,473 (-100%), from €4,473 to €0
- Gross operating margin -€117,245
down €117,245 (-65.2%), from €179,811 to €62,566
- Depreciation -€40,660
down €40,660 (-100%), from €40,660 to €0
- Taxes -€33,434
down €33,434 (-91.8%), from €36,413 to €2,979
- Other operating charges +€9,762
up €9,762 (+1,201%), from €813 to €10,575
- Financial charges -€3,687
down €3,687 (-99.1%), from €3,719 to €32
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,141 | €302,204 | -€92,937 | -23.5% |
| Fixed assets | 21/28 | €46,980 | €0 | -€46,980 | -100% |
| Tangible fixed assets | 22/27 | €46,980 | €0 | -€46,980 | -100% |
| Leasing and similar rights | 25 | €43,550 | €0 | -€43,550 | -100% |
| Other tangible fixed assets | 26 | €3,430 | €0 | -€3,430 | -100% |
| Current assets | 29/58 | €348,162 | €302,204 | -€45,957 | -13.2% |
| Stocks and contracts in progress | 3 | €43,628 | €65,925 | +€22,297 | +51.1% |
| Stocks | 30/36 | €43,628 | €65,925 | +€22,297 | +51.1% |
| Amounts receivable within one year | 40/41 | €47,129 | €39,119 | -€8,010 | -17.0% |
| Trade receivables | 40 | €29,850 | €19,989 | -€9,860 | -33.0% |
| Other amounts receivable | 41 | €17,279 | €19,130 | +€1,851 | +10.7% |
| Cash at bank and in hand | 54/58 | €257,259 | €197,160 | -€60,099 | -23.4% |
| Deferred charges and accrued income | 490/1 | €146 | €0 | -€146 | -100% |
| Total equity and liabilities | 10/49 | €395,141 | €302,204 | -€92,937 | -23.5% |
| Equity | 10/15 | €301,613 | €302,184 | +€571 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €295,413 | €295,413 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €293,553 | €293,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €571 | +€571 | |
| Amounts payable | 17/49 | €93,528 | €20 | -€93,508 | -100.0% |
| Amounts payable after more than one year | 17 | €4,473 | €0 | -€4,473 | -100% |
| Financial debts | 170/4 | €4,473 | €0 | -€4,473 | -100% |
| Amounts payable within one year | 42/48 | €89,055 | €20 | -€89,035 | -100.0% |
| Current portion of amounts payable after more than one year | 42 | €52,777 | €0 | -€52,777 | -100% |
| Trade debts | 44 | €314 | €20 | -€294 | -93.6% |
| Suppliers | 440/4 | €314 | €20 | -€294 | -93.6% |
| Taxes, remuneration and social security | 45 | €35,964 | €0 | -€35,964 | -100% |
| Taxes | 450/3 | €35,964 | €0 | -€35,964 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,660 | €0 | -€40,660 | -100% |
| Other operating charges | 640/8 | €813 | €10,575 | +€9,762 | +1,201% |
| Non-recurring operating charges | 66A | - | €48,409 | +€48,409 | |
| Gross operating margin | 9900 | €179,811 | €62,566 | -€117,245 | -65.2% |
| Operating profit (loss) | 9901 | €138,338 | €3,582 | -€134,755 | -97.4% |
| Financial charges | 65/66B | €3,719 | €32 | -€3,687 | -99.1% |
| Recurring financial charges | 65 | €3,719 | €32 | -€3,687 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €134,619 | €3,550 | -€131,069 | -97.4% |
| Income taxes | 67/77 | €36,413 | €2,979 | -€33,434 | -91.8% |
| Profit (loss) for the period | 9904 | €98,206 | €571 | -€97,635 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,206 | €571 | -€97,635 | -99.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.