Groenenborg Property: 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.
What changed
Groenenborg Property
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€48,861
2024 · -€129,403+€80,542
Equity
-€451,004
2024 · -€402,143-€48,861
Cash
€3,759
2024 · €14,622-€10,863
Balance sheet total
€1.1m
2024 · €1.1m-€33,914
Largest movements
Assets
- Tangible fixed assets -€25,535
down €25,535 (-2.3%), from €1.1m to €1.1m
of which Land and buildings: -€24,035
Equity and liabilities
- Profit (loss) carried forward -€48,861
down €48,861 (-11.9%), from -€412,143 to -€461,004
- Other debts +€23,000
up €23,000 (+13.9%), from €165,734 to €188,734
Income statement
- Gross operating margin +€81,076
up €81,076, from -€57,676 to €23,400
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.
Result 2024
-€129,403
Gross operating margin
+€81,076
Staff costs
-€75
Depreciation
-€84
Other operating charges
-€442
Financial income
-€0
Financial charges
+€67
Taxes
+€0
Result 2025
-€48,861
raises the resultlowers the result
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.
From operations
-€6,238
Investment
-€4,626
Financing
€0
Cash 2024
€14,622
From operations (derived)
-€6,238
Net result for the year
-€48,861
Depreciation
+€30,161
Receivables within one year
-€2,485
Trade debts
-€8,468
Tax, wage and social debts
+€193
Other debts
+€23,000
Accrued charges and deferred income
+€222
Investment (derived)
-€4,626
Investment in fixed assets (net)
-€4,626
Cash 2025
€3,759
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,126,510 | €1,092,596 | -€33,914 | -3.0% |
| Fixed assets | 21/28 | €1,102,848 | €1,077,313 | -€25,535 | -2.3% |
| Tangible fixed assets | 22/27 | €1,102,848 | €1,077,313 | -€25,535 | -2.3% |
| Land and buildings | 22 | €1,093,848 | €1,069,813 | -€24,035 | -2.2% |
| Furniture and vehicles | 24 | €9,000 | €7,500 | -€1,500 | -16.7% |
| Current assets | 29/58 | €23,661 | €15,283 | -€8,379 | -35.4% |
| Amounts receivable within one year | 40/41 | €9,039 | €11,524 | +€2,485 | +27.5% |
| Trade receivables | 40 | - | €10,992 | +€10,992 | |
| Other amounts receivable | 41 | €9,039 | €532 | -€8,507 | -94.1% |
| Cash at bank and in hand | 54/58 | €14,622 | €3,759 | -€10,863 | -74.3% |
| Total equity and liabilities | 10/49 | €1,126,510 | €1,092,596 | -€33,914 | -3.0% |
| Equity | 10/15 | -€402,143 | -€451,004 | -€48,861 | -12.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,143 | -€461,004 | -€48,861 | -11.9% |
| Amounts payable | 17/49 | €1,528,653 | €1,543,600 | +€14,947 | +1.0% |
| Amounts payable after more than one year | 17 | €1,350,000 | €1,350,000 | = | 0.0% |
| Financial debts | 170/4 | €1,350,000 | €1,350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,553 | €189,278 | +€14,725 | +8.4% |
| Trade debts | 44 | €8,818 | €351 | -€8,468 | -96.0% |
| Suppliers | 440/4 | €8,818 | €351 | -€8,468 | -96.0% |
| Taxes, remuneration and social security | 45 | - | €193 | +€193 | |
| Taxes | 450/3 | - | €193 | +€193 | |
| Other amounts payable | 47/48 | €165,734 | €188,734 | +€23,000 | +13.9% |
| Accrued charges and deferred income | 492/3 | €4,100 | €4,322 | +€222 | +5.4% |
| Remuneration, social security and pensions | 62 | €275 | €350 | +€75 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,077 | €30,161 | +€84 | +0.3% |
| Other operating charges | 640/8 | €14,216 | €14,658 | +€442 | +3.1% |
| Gross operating margin | 9900 | -€57,676 | €23,400 | +€81,076 | |
| Operating profit (loss) | 9901 | -€102,244 | -€21,769 | +€80,475 | +78.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €27,159 | €27,092 | -€67 | -0.2% |
| Recurring financial charges | 65 | €27,159 | €27,092 | -€67 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€129,403 | -€48,861 | +€80,542 | +62.2% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€129,403 | -€48,861 | +€80,542 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,403 | -€48,861 | +€80,542 | +62.2% |
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 15 October 2026 via checked.be.