Groendaken: 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.
Groendaken
Largest movements
- Tangible fixed assets -€92,567
down €92,567 (-9.3%), from €999,669 to €907,102
of which Furniture and vehicles: -€87,130
- Stocks and contracts +€70,132
up €70,132 (+260%), from €26,938 to €97,070
of which Contracts in progress: +€60,000
- Cash -€59,166
down €59,166 (-73.8%), from €80,126 to €20,961
mainly Debts after one year (-€80,767) and Stocks and contracts (-€70,132)
- Receivables within one year +€22,723
up €22,723 (+12.9%), from €176,442 to €199,165
of which Trade receivables: +€47,318
- Deferred charges and accrued income +€16,384
up €16,384 (+504%), from €3,251 to €19,635
- Debts after one year -€80,767
down €80,767 (-12.6%), from €642,161 to €561,394
- Reserves +€74,733
up €74,733 (+53.0%), from €141,020 to €215,753
- Short-term financial debts -€40,000
no longer reported in 2025 (was €40,000)
- Trade debts +€19,940
up €19,940 (+58.9%), from €33,868 to €53,808
of which Suppliers: +€19,940
- Depreciation -€46,059
down €46,059 (-31.6%), from €145,535 to €99,477
- Gross operating margin +€20,170
up €20,170 (+6.6%), from €306,699 to €326,869
- Taxes +€15,883
up €15,883 (+99.5%), from €15,959 to €31,842
- Financial charges -€14,310
down €14,310 (-30.3%), from €47,295 to €32,985
- Staff costs +€12,138
up €12,138 (+17.5%), from €69,500 to €81,639
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 | €1,299,796 | €1,255,153 | -€44,644 | -3.4% |
| Fixed assets | 21/28 | €1,013,039 | €918,322 | -€94,717 | -9.3% |
| Intangible fixed assets | 21 | €13,100 | €10,950 | -€2,150 | -16.4% |
| Tangible fixed assets | 22/27 | €999,669 | €907,102 | -€92,567 | -9.3% |
| Land and buildings | 22 | €646,866 | €646,866 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,551 | €5,086 | +€3,535 | +228% |
| Furniture and vehicles | 24 | €324,560 | €237,430 | -€87,130 | -26.8% |
| Leasing and similar rights | 25 | €23,212 | €14,628 | -€8,584 | -37.0% |
| Other tangible fixed assets | 26 | €3,480 | €3,092 | -€388 | -11.1% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €286,758 | €336,831 | +€50,073 | +17.5% |
| Stocks and contracts in progress | 3 | €26,938 | €97,070 | +€70,132 | +260% |
| Stocks | 30/36 | €26,938 | €37,070 | +€10,132 | +37.6% |
| Contracts in progress | 37 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €176,442 | €199,165 | +€22,723 | +12.9% |
| Trade receivables | 40 | €121,172 | €168,489 | +€47,318 | +39.1% |
| Other amounts receivable | 41 | €55,271 | €30,675 | -€24,595 | -44.5% |
| Cash at bank and in hand | 54/58 | €80,126 | €20,961 | -€59,166 | -73.8% |
| Deferred charges and accrued income | 490/1 | €3,251 | €19,635 | +€16,384 | +504% |
| Total equity and liabilities | 10/49 | €1,299,796 | €1,255,153 | -€44,644 | -3.4% |
| Equity | 10/15 | €146,020 | €220,753 | +€74,733 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €141,020 | €215,753 | +€74,733 | +53.0% |
| Distributable reserves | 133 | €141,020 | €215,753 | +€74,733 | +53.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,153,776 | €1,034,400 | -€119,376 | -10.3% |
| Amounts payable after more than one year | 17 | €642,161 | €561,394 | -€80,767 | -12.6% |
| Financial debts | 170/4 | €642,161 | €561,394 | -€80,767 | -12.6% |
| Amounts payable within one year | 42/48 | €511,072 | €473,006 | -€38,065 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €85,121 | €80,767 | -€4,353 | -5.1% |
| Financial debts | 43 | €40,000 | - | -€40,000 | |
| Other loans | 439 | €40,000 | - | -€40,000 | |
| Trade debts | 44 | €33,868 | €53,808 | +€19,940 | +58.9% |
| Suppliers | 440/4 | €33,868 | €53,808 | +€19,940 | +58.9% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €13,096 | €8,711 | -€4,385 | -33.5% |
| Taxes | 450/3 | €4,989 | €0 | -€4,989 | -100% |
| Remuneration and social security | 454/9 | €8,107 | €8,711 | +€604 | +7.5% |
| Other amounts payable | 47/48 | €338,987 | €329,720 | -€9,267 | -2.7% |
| Accrued charges and deferred income | 492/3 | €544 | €0 | -€544 | -100% |
| Remuneration, social security and pensions | 62 | €69,500 | €81,639 | +€12,138 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,535 | €99,477 | -€46,059 | -31.6% |
| Other operating charges | 640/8 | €5,427 | €6,839 | +€1,413 | +26.0% |
| Gross operating margin | 9900 | €306,699 | €326,869 | +€20,170 | +6.6% |
| Operating profit (loss) | 9901 | €86,236 | €138,914 | +€52,678 | +61.1% |
| Financial income | 75/76B | €2,349 | €645 | -€1,704 | -72.5% |
| Recurring financial income | 75 | €2,349 | €645 | -€1,704 | -72.5% |
| Financial charges | 65/66B | €47,295 | €32,985 | -€14,310 | -30.3% |
| Recurring financial charges | 65 | €47,295 | €32,985 | -€14,310 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €41,291 | €106,574 | +€65,284 | +158% |
| Income taxes | 67/77 | €15,959 | €31,842 | +€15,883 | +99.5% |
| Profit (loss) for the period | 9904 | €25,332 | €74,733 | +€49,401 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €25,332 | €74,733 | +€49,401 | +195% |
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 18 October 2026 via checked.be.