GROENEN: 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.
GROENEN
Largest movements
- Cash -€18,647
down €18,647 (-27.5%), from €67,898 to €49,252
mainly Net result for the year (-€21,078) and Receivables within one year (-€8,242)
- Tangible fixed assets -€8,304
down €8,304 (-39.8%), from €20,851 to €12,547
of which Plant, machinery and equipment: -€4,590
- Receivables within one year +€8,242
up €8,242 (+19.3%), from €42,650 to €50,892
of which Other amounts receivable: +€8,242
- Deferred charges and accrued income -€6,177
down €6,177 (-78.1%), from €7,906 to €1,728
- Reserves -€21,078
down €21,078 (-19.8%), from €106,599 to €85,521
of which Distributable reserves: -€21,078
- Trade debts -€5,598
down €5,598 (-79.6%), from €7,029 to €1,431
- Tax, wage and social debts +€1,789
up €1,789 (+25.3%), from €7,077 to €8,866
- Gross operating margin -€11,914
down €11,914, from €673 to -€11,241
- Depreciation -€11,166
down €11,166 (-57.3%), from €19,470 to €8,304
- Taxes +€268
up €268 (+108%), from €249 to €517
- Financial income +€188
up €188 (+62.7%), from €300 to €488
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 | €139,305 | €114,419 | -€24,886 | -17.9% |
| Fixed assets | 21/28 | €20,851 | €12,547 | -€8,304 | -39.8% |
| Tangible fixed assets | 22/27 | €20,851 | €12,547 | -€8,304 | -39.8% |
| Land and buildings | 22 | €5,360 | €3,789 | -€1,571 | -29.3% |
| Plant, machinery and equipment | 23 | €13,348 | €8,758 | -€4,590 | -34.4% |
| Furniture and vehicles | 24 | €2,143 | - | -€2,143 | |
| Current assets | 29/58 | €118,454 | €101,872 | -€16,582 | -14.0% |
| Amounts receivable within one year | 40/41 | €42,650 | €50,892 | +€8,242 | +19.3% |
| Trade receivables | 40 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 41 | €12,650 | €20,892 | +€8,242 | +65.2% |
| Cash at bank and in hand | 54/58 | €67,898 | €49,252 | -€18,647 | -27.5% |
| Deferred charges and accrued income | 490/1 | €7,906 | €1,728 | -€6,177 | -78.1% |
| Total equity and liabilities | 10/49 | €139,305 | €114,419 | -€24,886 | -17.9% |
| Equity | 10/15 | €125,199 | €104,121 | -€21,078 | -16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,599 | €85,521 | -€21,078 | -19.8% |
| Non-distributable reserves | 130/1 | €10,320 | €10,320 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,320 | €10,320 | = | 0.0% |
| Distributable reserves | 133 | €96,279 | €75,201 | -€21,078 | -21.9% |
| Amounts payable | 17/49 | €14,106 | €10,297 | -€3,808 | -27.0% |
| Amounts payable within one year | 42/48 | €14,106 | €10,297 | -€3,808 | -27.0% |
| Trade debts | 44 | €7,029 | €1,431 | -€5,598 | -79.6% |
| Suppliers | 440/4 | €7,029 | €1,431 | -€5,598 | -79.6% |
| Taxes, remuneration and social security | 45 | €7,077 | €8,866 | +€1,789 | +25.3% |
| Taxes | 450/3 | €7,077 | €8,866 | +€1,789 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,470 | €8,304 | -€11,166 | -57.3% |
| Other operating charges | 640/8 | €1,105 | €1,101 | -€4 | -0.3% |
| Gross operating margin | 9900 | €673 | -€11,241 | -€11,914 | |
| Operating profit (loss) | 9901 | -€19,902 | -€20,647 | -€745 | -3.7% |
| Financial income | 75/76B | €300 | €488 | +€188 | +62.7% |
| Recurring financial income | 75 | €300 | €488 | +€188 | +62.7% |
| Financial charges | 65/66B | €461 | €402 | -€59 | -12.8% |
| Recurring financial charges | 65 | €461 | €402 | -€59 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,063 | -€20,561 | -€497 | -2.5% |
| Income taxes | 67/77 | €249 | €517 | +€268 | +108% |
| Profit (loss) for the period | 9904 | -€20,312 | -€21,078 | -€766 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,312 | -€21,078 | -€766 | -3.8% |
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 14 October 2026 via checked.be.