Groei!: 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
Groei!
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7
2024 · -€178+€185
Equity
€44,097
2024 · €44,090+€7
Cash
€2,020
2024 · €2,929-€909
Balance sheet total
€241,815
2024 · €261,013-€19,198
Largest movements
Assets
- Tangible fixed assets -€16,787
down €16,787 (-6.9%), from €242,338 to €225,551
of which Land and buildings: -€15,746
Equity and liabilities
- Debts after one year -€16,688
down €16,688 (-9.3%), from €178,904 to €162,217
Income statement
- Staff costs +€8,985
up €8,985 (+36.4%), from €24,705 to €33,689
- Gross operating margin +€8,620
up €8,620 (+19.0%), from €45,440 to €54,060
- Depreciation -€682
down €682 (-3.9%), from €17,469 to €16,787
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
-€178
Gross operating margin
+€8,620
Staff costs
-€8,985
Depreciation
+€682
Other operating charges
-€195
Financial charges
+€150
Taxes
-€88
Result 2025
€7
raises the resultlowers the result
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.
From operations
+€15,619
Investment
€0
Financing
-€16,528
Cash 2024
€2,929
From operations (derived)
+€15,619
Net result for the year
+€7
Depreciation
+€16,787
Receivables within one year
+€1,502
Trade debts
-€965
Tax, wage and social debts
+€860
Other debts
-€300
Accrued charges and deferred income
-€2,272
Financing
-€16,528
Debts after one year
-€16,688
Current portion of long-term debt
+€160
Cash 2025
€2,020
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,013 | €241,815 | -€19,198 | -7.4% |
| Fixed assets | 21/28 | €242,338 | €225,551 | -€16,787 | -6.9% |
| Tangible fixed assets | 22/27 | €242,338 | €225,551 | -€16,787 | -6.9% |
| Land and buildings | 22 | €238,415 | €222,670 | -€15,746 | -6.6% |
| Plant, machinery and equipment | 23 | €1,819 | €1,493 | -€326 | -17.9% |
| Furniture and vehicles | 24 | €2,103 | €1,388 | -€715 | -34.0% |
| Current assets | 29/58 | €18,676 | €16,264 | -€2,411 | -12.9% |
| Amounts receivable within one year | 40/41 | €5,747 | €4,244 | -€1,502 | -26.1% |
| Trade receivables | 40 | €5,747 | €4,244 | -€1,502 | -26.1% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,929 | €2,020 | -€909 | -31.0% |
| Total equity and liabilities | 10/49 | €261,013 | €241,815 | -€19,198 | -7.4% |
| Equity | 10/15 | €44,090 | €44,097 | +€7 | 0.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Own shares acquired | 1312 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,590 | €21,597 | +€7 | 0.0% |
| Amounts payable | 17/49 | €216,923 | €197,718 | -€19,205 | -8.9% |
| Amounts payable after more than one year | 17 | €178,904 | €162,217 | -€16,688 | -9.3% |
| Financial debts | 170/4 | €178,904 | €162,217 | -€16,688 | -9.3% |
| Amounts payable within one year | 42/48 | €21,718 | €21,474 | -€245 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €16,528 | €16,688 | +€160 | +1.0% |
| Trade debts | 44 | €1,523 | €558 | -€965 | -63.3% |
| Suppliers | 440/4 | €1,523 | €558 | -€965 | -63.3% |
| Taxes, remuneration and social security | 45 | €2,997 | €3,857 | +€860 | +28.7% |
| Taxes | 450/3 | €208 | €96 | -€112 | -53.7% |
| Remuneration and social security | 454/9 | €2,789 | €3,761 | +€971 | +34.8% |
| Other amounts payable | 47/48 | €671 | €371 | -€300 | -44.7% |
| Accrued charges and deferred income | 492/3 | €16,300 | €14,028 | -€2,272 | -13.9% |
| Remuneration, social security and pensions | 62 | €24,705 | €33,689 | +€8,985 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,469 | €16,787 | -€682 | -3.9% |
| Other operating charges | 640/8 | €1,127 | €1,321 | +€195 | +17.3% |
| Gross operating margin | 9900 | €45,440 | €54,060 | +€8,620 | +19.0% |
| Operating profit (loss) | 9901 | €2,139 | €2,263 | +€123 | +5.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,110 | €1,960 | -€150 | -7.1% |
| Recurring financial charges | 65 | €2,110 | €1,960 | -€150 | -7.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €30 | €303 | +€273 | +926% |
| Income taxes | 67/77 | €208 | €296 | +€88 | +42.6% |
| Profit (loss) for the period | 9904 | -€178 | €7 | +€185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€178 | €7 | +€185 |
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 27 October 2026 via checked.be.