GROEN ZUID: 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 ZUID
Largest movements
- Cash -€57,699
down €57,699 (-33.3%), from €173,341 to €115,641
mainly Contributions, distributions and other (-€119,851) and Debts after one year (-€34,645)
- Current investments +€33,163
up €33,163 (+12.5%), from €264,928 to €298,091
- Tangible fixed assets -€27,611
down €27,611 (-4.2%), from €651,747 to €624,136
of which Land and buildings: -€22,826
- Deferred charges and accrued income +€20,753
up €20,753 (+207%), from €10,048 to €30,800
- Receivables within one year +€16,922
up €16,922 (+102%), from €16,582 to €33,504
of which Other amounts receivable: +€14,876
- Debts after one year -€34,645
down €34,645 (-6.4%), from €542,215 to €507,570
- Reserves +€21,729
up €21,729 (+4.4%), from €491,735 to €513,464
- Gross operating margin +€30,195
up €30,195 (+15.2%), from €199,132 to €229,327
- Financial income +€16,157
up €16,157 (+1,094%), from €1,477 to €17,633
- Taxes +€11,969
up €11,969 (+26.6%), from €44,929 to €56,898
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 | €1,116,645 | €1,102,173 | -€14,472 | -1.3% |
| Fixed assets | 21/28 | €651,747 | €624,136 | -€27,611 | -4.2% |
| Tangible fixed assets | 22/27 | €651,747 | €624,136 | -€27,611 | -4.2% |
| Land and buildings | 22 | €616,673 | €593,847 | -€22,826 | -3.7% |
| Plant, machinery and equipment | 23 | €19,369 | €22,998 | +€3,628 | +18.7% |
| Furniture and vehicles | 24 | €15,704 | €7,291 | -€8,413 | -53.6% |
| Current assets | 29/58 | €464,899 | €478,038 | +€13,139 | +2.8% |
| Amounts receivable within one year | 40/41 | €16,582 | €33,504 | +€16,922 | +102% |
| Trade receivables | 40 | €0 | €2,046 | +€2,046 | |
| Other amounts receivable | 41 | €16,582 | €31,458 | +€14,876 | +89.7% |
| Current investments | 50/53 | €264,928 | €298,091 | +€33,163 | +12.5% |
| Cash at bank and in hand | 54/58 | €173,341 | €115,641 | -€57,699 | -33.3% |
| Deferred charges and accrued income | 490/1 | €10,048 | €30,800 | +€20,753 | +207% |
| Total equity and liabilities | 10/49 | €1,116,645 | €1,102,173 | -€14,472 | -1.3% |
| Equity | 10/15 | €510,285 | €532,014 | +€21,729 | +4.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €491,735 | €513,464 | +€21,729 | +4.4% |
| Distributable reserves | 133 | €491,735 | €513,464 | +€21,729 | +4.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €606,361 | €570,159 | -€36,202 | -6.0% |
| Amounts payable after more than one year | 17 | €542,215 | €507,570 | -€34,645 | -6.4% |
| Financial debts | 170/4 | €542,215 | €507,570 | -€34,645 | -6.4% |
| Amounts payable within one year | 42/48 | €62,314 | €60,889 | -€1,425 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €33,964 | €34,645 | +€682 | +2.0% |
| Trade debts | 44 | €27 | €28 | +€1 | +2.0% |
| Suppliers | 440/4 | €27 | €28 | +€1 | +2.0% |
| Taxes, remuneration and social security | 45 | €12,695 | €13,546 | +€851 | +6.7% |
| Taxes | 450/3 | €12,695 | €13,546 | +€851 | +6.7% |
| Other amounts payable | 47/48 | €15,628 | €12,670 | -€2,958 | -18.9% |
| Accrued charges and deferred income | 492/3 | €1,832 | €1,700 | -€132 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,286 | €34,678 | +€1,392 | +4.2% |
| Other operating charges | 640/8 | €1,206 | €504 | -€702 | -58.2% |
| Non-recurring operating charges | 66A | €254 | €0 | -€254 | -100% |
| Gross operating margin | 9900 | €199,132 | €229,327 | +€30,195 | +15.2% |
| Operating profit (loss) | 9901 | €164,386 | €194,146 | +€29,760 | +18.1% |
| Financial income | 75/76B | €1,477 | €17,633 | +€16,157 | +1,094% |
| Recurring financial income | 75 | €1,477 | €17,633 | +€16,157 | +1,094% |
| Financial charges | 65/66B | €13,766 | €13,301 | -€465 | -3.4% |
| Recurring financial charges | 65 | €13,766 | €13,301 | -€465 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €152,097 | €198,478 | +€46,381 | +30.5% |
| Income taxes | 67/77 | €44,929 | €56,898 | +€11,969 | +26.6% |
| Profit (loss) for the period | 9904 | €107,169 | €141,580 | +€34,412 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,169 | €141,580 | +€34,412 | +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 19 October 2026 via checked.be.