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.
Groei!
Largest movements
- Intangible fixed assets +€4,863
new in 2025: €4,863
- Tangible fixed assets -€339
down €339 (-33.4%), from €1,013 to €674
of which Plant, machinery and equipment: -€180
- Cash -€321
down €321 (-6.0%), from €5,360 to €5,038
mainly Investment in fixed assets (net) (-€5,015) and Net result for the year (-€4,085)
- Receivables within one year +€234
up €234 (+17.4%), from €1,343 to €1,577
of which Other amounts receivable: +€216
- Other debts +€7,853
up €7,853 (+578.7%), from €1,357 to €9,210
- Profit (loss) carried forward -€3,766
new in 2025: -€3,766
- Accrued charges and deferred income +€573
new in 2025: €573
- Reserves -€319
no longer reported in 2025 (was €319)
- Gross operating margin -€3,567
down €3,567, from €483 to -€3,083
- Depreciation +€186
up €186 (+61.0%), from €305 to €491
- Other operating charges +€52
up €52 (+37.3%), from €141 to €193
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 | €7,859 | €12,301 | +€4,441 | +56.5% |
| Fixed assets | 21/28 | €1,013 | €5,537 | +€4,524 | +446.5% |
| Intangible fixed assets | 21 | - | €4,863 | +€4,863 | |
| Tangible fixed assets | 22/27 | €1,013 | €674 | -€339 | -33.4% |
| Plant, machinery and equipment | 23 | €753 | €573 | -€180 | -23.9% |
| Furniture and vehicles | 24 | €260 | €101 | -€159 | -61.1% |
| Current assets | 29/58 | €6,846 | €6,763 | -€83 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,343 | €1,577 | +€234 | +17.4% |
| Trade receivables | 40 | €242 | €260 | +€18 | +7.2% |
| Other amounts receivable | 41 | €1,101 | €1,318 | +€216 | +19.6% |
| Cash at bank and in hand | 54/58 | €5,360 | €5,038 | -€321 | -6.0% |
| Deferred charges and accrued income | 490/1 | €143 | €148 | +€5 | +3.5% |
| Total equity and liabilities | 10/49 | €7,859 | €12,301 | +€4,441 | +56.5% |
| Equity | 10/15 | €5,319 | €1,234 | -€4,085 | -76.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €319 | - | -€319 | |
| Distributable reserves | 133 | €319 | - | -€319 | |
| Profit (loss) carried forward | 14 | - | -€3,766 | -€3,766 | |
| Amounts payable | 17/49 | €2,540 | €11,067 | +€8,526 | +335.7% |
| Amounts payable within one year | 42/48 | €2,540 | €10,493 | +€7,953 | +313.1% |
| Trade debts | 44 | €1,183 | €1,266 | +€83 | +7.0% |
| Suppliers | 440/4 | €1,183 | €1,266 | +€83 | +7.0% |
| Taxes, remuneration and social security | 45 | - | €17 | +€17 | |
| Taxes | 450/3 | - | €17 | +€17 | |
| Other amounts payable | 47/48 | €1,357 | €9,210 | +€7,853 | +578.7% |
| Accrued charges and deferred income | 492/3 | - | €573 | +€573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €491 | +€186 | +61.0% |
| Other operating charges | 640/8 | €141 | €193 | +€52 | +37.3% |
| Non-recurring operating charges | 66A | - | €260 | +€260 | |
| Gross operating margin | 9900 | €483 | -€3,083 | -€3,567 | |
| Operating profit (loss) | 9901 | €38 | -€4,027 | -€4,065 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €69 | €72 | +€3 | +4.0% |
| Recurring financial charges | 65 | €69 | €72 | +€3 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€32 | -€4,085 | -€4,053 | -12790.7% |
| Profit (loss) for the period | 9904 | -€32 | -€4,085 | -€4,053 | -12790.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32 | -€4,085 | -€4,053 | -12790.7% |
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 12 October 2026 via checked.be.