GROEIBELG: 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.
GROEIBELG
Largest movements
- Cash -€627,161
down €627,161 (-93.9%), from €667,634 to €40,474
mainly Current investments (-€401,992) and Other debts (-€228,329)
- Current investments +€401,992
new in 2025: €401,992
- Receivables within one year -€74,356
down €74,356 (-84.9%), from €87,597 to €13,241
of which Trade receivables: -€38,320
- Other debts -€228,329
down €228,329 (-100%), from €228,329 to €0
- Tax, wage and social debts -€72,064
down €72,064 (-84.9%), from €84,861 to €12,797
of which Taxes: -€72,064
- Financial income -€495,346
down €495,346 (-98.5%), from €502,809 to €7,464
- Gross operating margin -€83,525
down €83,525, from €78,188 to -€5,336
- Taxes -€64,081
down €64,081 (-99.6%), from €64,353 to €272
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 | €756,281 | €456,206 | -€300,075 | -39.7% |
| Fixed assets | 21/28 | €611 | €500 | -€111 | -18.1% |
| Tangible fixed assets | 22/27 | €111 | €0 | -€111 | -100% |
| Furniture and vehicles | 24 | €111 | €0 | -€111 | -100% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €755,670 | €455,706 | -€299,964 | -39.7% |
| Amounts receivable within one year | 40/41 | €87,597 | €13,241 | -€74,356 | -84.9% |
| Trade receivables | 40 | €38,720 | €400 | -€38,320 | -99.0% |
| Other amounts receivable | 41 | €48,877 | €12,841 | -€36,036 | -73.7% |
| Current investments | 50/53 | - | €401,992 | +€401,992 | |
| Cash at bank and in hand | 54/58 | €667,634 | €40,474 | -€627,161 | -93.9% |
| Deferred charges and accrued income | 490/1 | €439 | €0 | -€439 | -100% |
| Total equity and liabilities | 10/49 | €756,281 | €456,206 | -€300,075 | -39.7% |
| Equity | 10/15 | €442,013 | €443,109 | +€1,096 | +0.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €412,013 | €412,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €412,013 | €412,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,096 | +€1,096 | |
| Amounts payable | 17/49 | €314,268 | €13,098 | -€301,170 | -95.8% |
| Amounts payable within one year | 42/48 | €314,268 | €13,098 | -€301,170 | -95.8% |
| Trade debts | 44 | €1,078 | €301 | -€777 | -72.1% |
| Suppliers | 440/4 | €1,078 | €301 | -€777 | -72.1% |
| Taxes, remuneration and social security | 45 | €84,861 | €12,797 | -€72,064 | -84.9% |
| Taxes | 450/3 | €84,861 | €12,797 | -€72,064 | -84.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €228,329 | €0 | -€228,329 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140 | €111 | -€30 | -21.1% |
| Other operating charges | 640/8 | €387 | €410 | +€22 | +5.7% |
| Gross operating margin | 9900 | €78,188 | -€5,336 | -€83,525 | |
| Operating profit (loss) | 9901 | €77,661 | -€5,857 | -€83,518 | |
| Financial income | 75/76B | €502,809 | €7,464 | -€495,346 | -98.5% |
| Recurring financial income | 75 | €502,809 | €7,464 | -€495,346 | -98.5% |
| Financial charges | 65/66B | €104 | €240 | +€136 | +130% |
| Recurring financial charges | 65 | €104 | €240 | +€136 | +130% |
| Profit (loss) for the period before taxes | 9903 | €580,366 | €1,367 | -€578,999 | -99.8% |
| Income taxes | 67/77 | €64,353 | €272 | -€64,081 | -99.6% |
| Profit (loss) for the period | 9904 | €516,013 | €1,096 | -€514,918 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €516,013 | €1,096 | -€514,918 | -99.8% |
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 26 October 2026 via checked.be.