GROEN PROJECT DONS: 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
GROEN PROJECT DONS
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€7,115
2023 · -€4,150-€2,965
Equity
€181,033
2023 · €188,148-€7,115
Cash
€101
2023 · €2+€99
Balance sheet total
€617,132
2023 · €651,047-€33,914
Largest movements
Assets
- Tangible fixed assets -€22,148
down €22,148 (-3.7%), from €605,331 to €583,183
of which Plant, machinery and equipment: -€14,329
Equity and liabilities
- Debts after one year -€20,277
down €20,277 (-5.9%), from €341,409 to €321,132
of which Financial debts: -€20,277
- Other debts +€11,248
up €11,248 (+238%), from €4,720 to €15,968
- Tax, wage and social debts -€8,798
down €8,798 (-88.2%), from €9,974 to €1,176
of which Remuneration and social security: -€7,650
- Reserves -€7,242
down €7,242 (-2.9%), from €250,583 to €243,341
of which Tax-exempt reserves: -€7,242
- Trade debts -€6,818
down €6,818 (-60.7%), from €11,228 to €4,410
Income statement
- Gross operating margin -€8,207
down €8,207 (-19.8%), from €41,453 to €33,246
- Depreciation -€5,041
down €5,041 (-13.7%), from €36,684 to €31,643
- Other operating charges -€523
down €523 (-10.4%), from €5,040 to €4,516
From the 2023 result to the 2024 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 2023
-€4,150
Gross operating margin
-€8,207
Depreciation
+€5,041
Other operating charges
+€523
Financial income
-€63
Financial charges
-€267
Taxes
-€16
Deferred taxes and other
+€24
Result 2024
-€7,115
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€31,510
Investment
-€10,447
Financing
-€20,964
Cash 2023
€2
From operations (derived)
+€31,510
Net result for the year
-€7,115
Depreciation
+€31,643
Stocks and contracts
+€5,676
Receivables within one year
+€6,277
Deferred charges and accrued income
+€863
Provisions
-€2,414
Trade debts
-€6,818
Tax, wage and social debts
-€8,798
Other debts
+€11,248
Accrued charges and deferred income
+€947
Investment (derived)
-€10,447
Investment in fixed assets (net)
-€9,496
Current investments
-€951
Financing
-€20,964
Debts after one year
-€20,277
Current portion of long-term debt
+€336
Short-term financial debts
-€1,023
Cash 2024
€101
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,047 | €617,132 | -€33,914 | -5.2% |
| Fixed assets | 21/28 | €605,331 | €583,183 | -€22,148 | -3.7% |
| Tangible fixed assets | 22/27 | €605,331 | €583,183 | -€22,148 | -3.7% |
| Land and buildings | 22 | €478,038 | €465,074 | -€12,964 | -2.7% |
| Plant, machinery and equipment | 23 | €103,559 | €89,230 | -€14,329 | -13.8% |
| Furniture and vehicles | 24 | €16,114 | €11,764 | -€4,350 | -27.0% |
| Assets under construction and advance payments | 27 | €7,620 | €17,116 | +€9,496 | +125% |
| Current assets | 29/58 | €45,716 | €33,949 | -€11,767 | -25.7% |
| Stocks and contracts in progress | 3 | €11,076 | €5,400 | -€5,676 | -51.2% |
| Stocks | 30/36 | €11,076 | €5,400 | -€5,676 | -51.2% |
| Amounts receivable within one year | 40/41 | €30,986 | €24,708 | -€6,277 | -20.3% |
| Trade receivables | 40 | €21,223 | €24,636 | +€3,413 | +16.1% |
| Other amounts receivable | 41 | €9,763 | €72 | -€9,690 | -99.3% |
| Current investments | 50/53 | - | €951 | +€951 | |
| Cash at bank and in hand | 54/58 | €2 | €101 | +€99 | +5,942% |
| Deferred charges and accrued income | 490/1 | €3,652 | €2,789 | -€863 | -23.6% |
| Total equity and liabilities | 10/49 | €651,047 | €617,132 | -€33,914 | -5.2% |
| Equity | 10/15 | €188,148 | €181,033 | -€7,115 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €250,583 | €243,341 | -€7,242 | -2.9% |
| Tax-exempt reserves | 132 | €217,475 | €210,233 | -€7,242 | -3.3% |
| Distributable reserves | 133 | €33,108 | €33,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,035 | -€80,908 | +€127 | +0.2% |
| Provisions and deferred taxes | 16 | €72,492 | €70,078 | -€2,414 | -3.3% |
| Deferred taxes | 168 | €72,492 | €70,078 | -€2,414 | -3.3% |
| Amounts payable | 17/49 | €390,407 | €366,021 | -€24,385 | -6.2% |
| Amounts payable after more than one year | 17 | €341,409 | €321,132 | -€20,277 | -5.9% |
| Financial debts | 170/4 | €242,793 | €222,516 | -€20,277 | -8.4% |
| Other amounts payable | 178/9 | €98,616 | €98,616 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,887 | €41,831 | -€5,055 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €19,941 | €20,277 | +€336 | +1.7% |
| Financial debts | 43 | €1,023 | €0 | -€1,023 | -100% |
| Credit institutions | 430/8 | €1,023 | €0 | -€1,023 | -100% |
| Trade debts | 44 | €11,228 | €4,410 | -€6,818 | -60.7% |
| Suppliers | 440/4 | €11,228 | €4,410 | -€6,818 | -60.7% |
| Taxes, remuneration and social security | 45 | €9,974 | €1,176 | -€8,798 | -88.2% |
| Taxes | 450/3 | €2,324 | €1,176 | -€1,148 | -49.4% |
| Remuneration and social security | 454/9 | €7,650 | €0 | -€7,650 | -100% |
| Other amounts payable | 47/48 | €4,720 | €15,968 | +€11,248 | +238% |
| Accrued charges and deferred income | 492/3 | €2,111 | €3,058 | +€947 | +44.9% |
| Non-recurring operating income | 76A | €1,653 | €0 | -€1,653 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,684 | €31,643 | -€5,041 | -13.7% |
| Other operating charges | 640/8 | €5,040 | €4,516 | -€523 | -10.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €41,453 | €33,246 | -€8,207 | -19.8% |
| Operating profit (loss) | 9901 | -€271 | -€2,913 | -€2,643 | -977% |
| Financial income | 75/76B | €63 | €0 | -€63 | -99.9% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -99.9% |
| Financial charges | 65/66B | €6,209 | €6,476 | +€267 | +4.3% |
| Recurring financial charges | 65 | €6,209 | €6,476 | +€267 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,416 | -€9,389 | -€2,973 | -46.3% |
| Transfer from deferred taxes | 780 | €2,390 | €2,414 | +€24 | +1.0% |
| Income taxes | 67/77 | €123 | €140 | +€16 | +13.2% |
| Profit (loss) for the period | 9904 | -€4,150 | -€7,115 | -€2,965 | -71.5% |
| Transfer from tax-exempt reserves | 789 | €7,170 | €7,242 | +€72 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,020 | €127 | -€2,893 | -95.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.