GROENE AAP: 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.
GROENE AAP
Largest movements
- Tangible fixed assets +€387,808
up €387,808 (+7.7%), from €5.0m to €5.4m
of which Assets under construction and advance payments: +€491,226
- Other debts +€584,784
up €584,784 (+26.3%), from €2.2m to €2.8m
- Profit (loss) carried forward -€152,696
down €152,696 (-11.3%), from -€1.3m to -€1.5m
- Gross operating margin +€22,315
up €22,315 (+38.7%), from -€57,602 to -€35,288
- Depreciation -€4,629
down €4,629 (-4.1%), from €114,084 to €109,455
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 | €5,127,630 | €5,566,256 | +€438,627 | +8.6% |
| Fixed assets | 21/28 | €5,035,451 | €5,423,259 | +€387,808 | +7.7% |
| Tangible fixed assets | 22/27 | €5,035,451 | €5,423,259 | +€387,808 | +7.7% |
| Land and buildings | 22 | €4,496,634 | €4,404,146 | -€92,488 | -2.1% |
| Plant, machinery and equipment | 23 | €27,830 | €16,900 | -€10,930 | -39.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €510,988 | €1,002,214 | +€491,226 | +96.1% |
| Current assets | 29/58 | €92,178 | €142,997 | +€50,819 | +55.1% |
| Amounts receivable within one year | 40/41 | €82,551 | €96,921 | +€14,369 | +17.4% |
| Other amounts receivable | 41 | €82,551 | €96,921 | +€14,369 | +17.4% |
| Cash at bank and in hand | 54/58 | €8,182 | €46,076 | +€37,894 | +463% |
| Deferred charges and accrued income | 490/1 | €1,445 | €0 | -€1,445 | -100% |
| Total equity and liabilities | 10/49 | €5,127,630 | €5,566,256 | +€438,627 | +8.6% |
| Equity | 10/15 | -€1,334,813 | -€1,487,509 | -€152,696 | -11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,347,213 | -€1,499,909 | -€152,696 | -11.3% |
| Amounts payable | 17/49 | €6,462,443 | €7,053,766 | +€591,323 | +9.2% |
| Amounts payable after more than one year | 17 | €4,237,360 | €4,237,360 | = | 0.0% |
| Financial debts | 170/4 | €4,237,360 | €4,237,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,225,083 | €2,816,406 | +€591,323 | +26.6% |
| Trade debts | 44 | €3,909 | €10,549 | +€6,640 | +170% |
| Suppliers | 440/4 | €3,909 | €10,549 | +€6,640 | +170% |
| Taxes, remuneration and social security | 45 | €464 | €363 | -€101 | -21.8% |
| Taxes | 450/3 | €464 | €363 | -€101 | -21.8% |
| Other amounts payable | 47/48 | €2,220,710 | €2,805,494 | +€584,784 | +26.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,084 | €109,455 | -€4,629 | -4.1% |
| Other operating charges | 640/8 | €7,981 | €7,839 | -€143 | -1.8% |
| Gross operating margin | 9900 | -€57,602 | -€35,288 | +€22,315 | +38.7% |
| Operating profit (loss) | 9901 | -€179,668 | -€152,582 | +€27,086 | +15.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €124 | €68 | -€55 | -44.7% |
| Recurring financial charges | 65 | €124 | €68 | -€55 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€179,791 | -€152,650 | +€27,141 | +15.1% |
| Income taxes | 67/77 | €48 | €46 | -€2 | -3.3% |
| Profit (loss) for the period | 9904 | -€179,839 | -€152,696 | +€27,143 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,839 | -€152,696 | +€27,143 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.