Groeiboompje: 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.
Groeiboompje
Largest movements
- Tangible fixed assets +€186,969
up €186,969 (+6,451%), from €2,898 to €189,867
of which Plant, machinery and equipment: +€180,913
- Cash +€4,522
up €4,522 (+6.8%), from €66,384 to €70,906
mainly Net result for the year (+€79,665) and Debts after one year (+€73,051)
- Reserves +€108,639
new in 2025: €108,639
- Debts after one year +€73,051
new in 2025: €73,051
- Profit (loss) carried forward -€28,973
no longer reported in 2025 (was €28,973)
- Tax, wage and social debts +€16,363
up €16,363 (+52.0%), from €31,491 to €47,854
of which Taxes: +€10,672
- Current portion of long-term debt +€15,615
new in 2025: €15,615
- Gross operating margin +€109,642
up €109,642 (+80.6%), from €135,985 to €245,627
- Staff costs +€30,150
up €30,150 (+30.7%), from €98,335 to €128,485
- Depreciation +€14,827
up €14,827 (+1,484%), from €999 to €15,826
- Taxes +€10,672
up €10,672 (+148%), from €7,208 to €17,879
- Financial charges +€3,497
up €3,497 (+2,256%), from €155 to €3,652
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 | €70,610 | €266,061 | +€195,452 | +277% |
| Fixed assets | 21/28 | €2,898 | €191,742 | +€188,844 | +6,515% |
| Tangible fixed assets | 22/27 | €2,898 | €189,867 | +€186,969 | +6,451% |
| Plant, machinery and equipment | 23 | - | €180,913 | +€180,913 | |
| Furniture and vehicles | 24 | €2,898 | €8,954 | +€6,055 | +209% |
| Financial fixed assets | 28 | - | €1,875 | +€1,875 | |
| Current assets | 29/58 | €67,711 | €74,320 | +€6,608 | +9.8% |
| Amounts receivable within one year | 40/41 | €1,327 | €3,414 | +€2,087 | +157% |
| Trade receivables | 40 | €1,327 | €3,414 | +€2,087 | +157% |
| Cash at bank and in hand | 54/58 | €66,384 | €70,906 | +€4,522 | +6.8% |
| Total equity and liabilities | 10/49 | €70,610 | €266,061 | +€195,452 | +277% |
| Equity | 10/15 | €29,473 | €109,139 | +€79,665 | +270% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €108,639 | +€108,639 | |
| Distributable reserves | 133 | - | €108,639 | +€108,639 | |
| Profit (loss) carried forward | 14 | €28,973 | - | -€28,973 | |
| Amounts payable | 17/49 | €41,136 | €156,923 | +€115,786 | +281% |
| Amounts payable after more than one year | 17 | - | €73,051 | +€73,051 | |
| Financial debts | 170/4 | - | €73,051 | +€73,051 | |
| Amounts payable within one year | 42/48 | €41,136 | €83,871 | +€42,735 | +104% |
| Current portion of amounts payable after more than one year | 42 | - | €15,615 | +€15,615 | |
| Trade debts | 44 | €1,863 | €15,959 | +€14,096 | +757% |
| Suppliers | 440/4 | €1,863 | €15,959 | +€14,096 | +757% |
| Taxes, remuneration and social security | 45 | €31,491 | €47,854 | +€16,363 | +52.0% |
| Taxes | 450/3 | €7,208 | €17,879 | +€10,672 | +148% |
| Remuneration and social security | 454/9 | €24,284 | €29,975 | +€5,691 | +23.4% |
| Other amounts payable | 47/48 | €7,782 | €4,443 | -€3,339 | -42.9% |
| Remuneration, social security and pensions | 62 | €98,335 | €128,485 | +€30,150 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €999 | €15,826 | +€14,827 | +1,484% |
| Other operating charges | 640/8 | €318 | €120 | -€198 | -62.3% |
| Gross operating margin | 9900 | €135,985 | €245,627 | +€109,642 | +80.6% |
| Operating profit (loss) | 9901 | €36,333 | €101,197 | +€64,863 | +179% |
| Financial income | 75/76B | €2 | €0 | -€2 | -95.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -95.4% |
| Financial charges | 65/66B | €155 | €3,652 | +€3,497 | +2,256% |
| Recurring financial charges | 65 | €155 | €3,652 | +€3,497 | +2,256% |
| Profit (loss) for the period before taxes | 9903 | €36,181 | €97,545 | +€61,364 | +170% |
| Income taxes | 67/77 | €7,208 | €17,879 | +€10,672 | +148% |
| Profit (loss) for the period | 9904 | €28,973 | €79,665 | +€50,692 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €28,973 | €79,665 | +€50,692 | +175% |
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 25 October 2026 via checked.be.