GROENBURO: 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.
GROENBURO
Largest movements
- Tangible fixed assets -€115,818
down €115,818 (-11.0%), from €1.0m to €932,950
- Receivables within one year -€114,229
down €114,229 (-14.8%), from €772,477 to €658,248
of which Trade receivables: -€109,066
- Cash +€37,552
up €37,552 (+73.6%), from €51,045 to €88,597
mainly Depreciation (+€156,580) and Receivables within one year (+€114,229)
- Debts after one year -€130,205
down €130,205 (-27.8%), from €468,930 to €338,725
- Current portion of long-term debt -€28,339
down €28,339 (-17.9%), from €158,544 to €130,205
- Tax, wage and social debts -€26,183
down €26,183 (-20.8%), from €126,085 to €99,902
of which Taxes: -€21,181
- Gross operating margin -€132,202
down €132,202 (-12.8%), from €1.0m to €896,658
- Staff costs -€35,371
down €35,371 (-4.8%), from €729,502 to €694,131
- Taxes -€25,103
down €25,103 (-89.7%), from €27,986 to €2,883
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.
Cash bridge derived
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 | €1,912,175 | €1,735,979 | -€176,196 | -9.2% |
| Fixed assets | 21/28 | €1,065,205 | €955,765 | -€109,440 | -10.3% |
| Intangible fixed assets | 21 | €1,232 | €660 | -€571 | -46.4% |
| Tangible fixed assets | 22/27 | €1,048,768 | €932,950 | -€115,818 | -11.0% |
| Land and buildings | 22 | €675,334 | €657,981 | -€17,352 | -2.6% |
| Plant, machinery and equipment | 23 | €111,651 | €99,881 | -€11,770 | -10.5% |
| Furniture and vehicles | 24 | €176,845 | €125,529 | -€51,316 | -29.0% |
| Leasing and similar rights | 25 | €84,938 | €49,558 | -€35,380 | -41.7% |
| Financial fixed assets | 28 | €15,205 | €22,155 | +€6,950 | +45.7% |
| Current assets | 29/58 | €846,969 | €780,213 | -€66,756 | -7.9% |
| Stocks and contracts in progress | 3 | €4,896 | €5,247 | +€351 | +7.2% |
| Stocks | 30/36 | €4,896 | €5,247 | +€351 | +7.2% |
| Amounts receivable within one year | 40/41 | €772,477 | €658,248 | -€114,229 | -14.8% |
| Trade receivables | 40 | €724,804 | €615,738 | -€109,066 | -15.0% |
| Other amounts receivable | 41 | €47,673 | €42,510 | -€5,163 | -10.8% |
| Cash at bank and in hand | 54/58 | €51,045 | €88,597 | +€37,552 | +73.6% |
| Deferred charges and accrued income | 490/1 | €18,551 | €28,122 | +€9,571 | +51.6% |
| Total equity and liabilities | 10/49 | €1,912,175 | €1,735,979 | -€176,196 | -9.2% |
| Equity | 10/15 | €667,662 | €667,809 | +€148 | 0.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €627,662 | €627,809 | +€148 | 0.0% |
| Distributable reserves | 133 | €627,662 | €627,809 | +€148 | 0.0% |
| Amounts payable | 17/49 | €1,244,513 | €1,068,169 | -€176,344 | -14.2% |
| Amounts payable after more than one year | 17 | €468,930 | €338,725 | -€130,205 | -27.8% |
| Financial debts | 170/4 | €468,930 | €338,725 | -€130,205 | -27.8% |
| Amounts payable within one year | 42/48 | €775,583 | €726,784 | -€48,799 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €158,544 | €130,205 | -€28,339 | -17.9% |
| Financial debts | 43 | €24,578 | €24,651 | +€73 | +0.3% |
| Credit institutions | 430/8 | €24,578 | €24,651 | +€73 | +0.3% |
| Trade debts | 44 | €168,249 | €180,619 | +€12,370 | +7.4% |
| Suppliers | 440/4 | €168,249 | €180,619 | +€12,370 | +7.4% |
| Taxes, remuneration and social security | 45 | €126,085 | €99,902 | -€26,183 | -20.8% |
| Taxes | 450/3 | €38,531 | €17,350 | -€21,181 | -55.0% |
| Remuneration and social security | 454/9 | €87,554 | €82,552 | -€5,002 | -5.7% |
| Other amounts payable | 47/48 | €298,127 | €291,407 | -€6,721 | -2.3% |
| Accrued charges and deferred income | 492/3 | €0 | €2,661 | +€2,661 | |
| Remuneration, social security and pensions | 62 | €729,502 | €694,131 | -€35,371 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,337 | €156,580 | +€9,243 | +6.3% |
| Other operating charges | 640/8 | €14,564 | €15,986 | +€1,421 | +9.8% |
| Gross operating margin | 9900 | €1,028,859 | €896,658 | -€132,202 | -12.8% |
| Operating profit (loss) | 9901 | €137,456 | €29,962 | -€107,494 | -78.2% |
| Financial income | 75/76B | €1,585 | €9,209 | +€7,624 | +481.0% |
| Recurring financial income | 75 | €1,585 | €9,209 | +€7,624 | +481.0% |
| Financial charges | 65/66B | €39,956 | €36,140 | -€3,815 | -9.5% |
| Recurring financial charges | 65 | €39,956 | €36,140 | -€3,815 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €99,085 | €3,031 | -€96,054 | -96.9% |
| Income taxes | 67/77 | €27,986 | €2,883 | -€25,103 | -89.7% |
| Profit (loss) for the period | 9904 | €71,099 | €148 | -€70,952 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,099 | €148 | -€70,952 | -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 9 October 2026 via checked.be.