Groen & Cocoon: 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.
Groen & Cocoon
Largest movements
- Tangible fixed assets -€20,139
down €20,139 (-26.6%), from €75,611 to €55,471
of which Plant, machinery and equipment: -€10,139
- Receivables within one year +€7,050
up €7,050 (+10.2%), from €69,082 to €76,132
of which Trade receivables: +€7,050
- Cash -€6,213
down €6,213 (-15.8%), from €39,344 to €33,131
mainly Other debts (-€24,104) and Advances received (-€8,622)
- Trade debts +€26,046
up €26,046 (+135%), from €19,252 to €45,298
- Other debts -€24,104
down €24,104 (-16.7%), from €144,701 to €120,597
- Advances received -€8,622
down €8,622 (-84.3%), from €10,222 to €1,600
- Current portion of long-term debt -€7,797
no longer reported in 2025 (was €7,797)
- Reserves -€5,927
down €5,927 (-10.2%), from €58,369 to €52,442
- Staff costs +€5,870
up €5,870 (+3.1%), from €187,688 to €193,558
- Financial income +€5,592
up €5,592 (+641%), from €872 to €6,464
- Financial charges -€4,309
down €4,309 (-24.1%), from €17,863 to €13,554
- Depreciation -€3,980
down €3,980 (-16.5%), from €24,120 to €20,139
- Other operating charges +€3,193
up €3,193 (+37.4%), from €8,538 to €11,731
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 | €469,177 | €449,589 | -€19,588 | -4.2% |
| Fixed assets | 21/28 | €75,611 | €55,471 | -€20,139 | -26.6% |
| Tangible fixed assets | 22/27 | €75,611 | €55,471 | -€20,139 | -26.6% |
| Plant, machinery and equipment | 23 | €28,944 | €18,805 | -€10,139 | -35.0% |
| Other tangible fixed assets | 26 | €46,667 | €36,667 | -€10,000 | -21.4% |
| Current assets | 29/58 | €393,566 | €394,118 | +€551 | +0.1% |
| Stocks and contracts in progress | 3 | €285,000 | €283,295 | -€1,705 | -0.6% |
| Stocks | 30/36 | €285,000 | €283,295 | -€1,705 | -0.6% |
| Amounts receivable within one year | 40/41 | €69,082 | €76,132 | +€7,050 | +10.2% |
| Trade receivables | 40 | €13,397 | €20,448 | +€7,050 | +52.6% |
| Other amounts receivable | 41 | €55,685 | €55,685 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,344 | €33,131 | -€6,213 | -15.8% |
| Deferred charges and accrued income | 490/1 | €140 | €1,559 | +€1,419 | +1,013% |
| Total equity and liabilities | 10/49 | €469,177 | €449,589 | -€19,588 | -4.2% |
| Equity | 10/15 | €76,969 | €71,042 | -€5,927 | -7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,369 | €52,442 | -€5,927 | -10.2% |
| Distributable reserves | 133 | €58,369 | €52,442 | -€5,927 | -10.2% |
| Amounts payable | 17/49 | €392,208 | €378,547 | -€13,661 | -3.5% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Financial debts | 170/4 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €211,691 | €203,090 | -€8,601 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €7,797 | - | -€7,797 | |
| Trade debts | 44 | €19,252 | €45,298 | +€26,046 | +135% |
| Suppliers | 440/4 | €19,252 | €45,298 | +€26,046 | +135% |
| Advances received on contracts in progress | 46 | €10,222 | €1,600 | -€8,622 | -84.3% |
| Taxes, remuneration and social security | 45 | €29,718 | €35,595 | +€5,876 | +19.8% |
| Taxes | 450/3 | €11,252 | €13,617 | +€2,365 | +21.0% |
| Remuneration and social security | 454/9 | €18,466 | €21,977 | +€3,511 | +19.0% |
| Other amounts payable | 47/48 | €144,701 | €120,597 | -€24,104 | -16.7% |
| Accrued charges and deferred income | 492/3 | €5,517 | €457 | -€5,060 | -91.7% |
| Remuneration, social security and pensions | 62 | €187,688 | €193,558 | +€5,870 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,120 | €20,139 | -€3,980 | -16.5% |
| Other operating charges | 640/8 | €8,538 | €11,731 | +€3,193 | +37.4% |
| Gross operating margin | 9900 | €228,603 | €226,591 | -€2,011 | -0.9% |
| Operating profit (loss) | 9901 | €8,257 | €1,163 | -€7,093 | -85.9% |
| Financial income | 75/76B | €872 | €6,464 | +€5,592 | +641% |
| Recurring financial income | 75 | €872 | €6,464 | +€5,592 | +641% |
| Financial charges | 65/66B | €17,863 | €13,554 | -€4,309 | -24.1% |
| Recurring financial charges | 65 | €17,863 | €13,554 | -€4,309 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,734 | -€5,927 | +€2,807 | +32.1% |
| Profit (loss) for the period | 9904 | -€8,734 | -€5,927 | +€2,807 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,734 | -€5,927 | +€2,807 | +32.1% |
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 24 October 2026 via checked.be.