GROENENDAEL: 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.
GROENENDAEL
Largest movements
- Receivables within one year -€12,548
down €12,548 (-99.7%), from €12,580 to €32
of which Trade receivables: -€12,000
- Tangible fixed assets -€1,107
down €1,107 (-24.0%), from €4,611 to €3,504
- Other debts -€9,774
down €9,774 (-57.3%), from €17,059 to €7,284
- Profit (loss) carried forward -€3,688
down €3,688 (-5.9%), from -€62,162 to -€65,850
- Accrued charges and deferred income +€375
up €375 (+351%), from €107 to €482
- Trade debts -€343
down €343 (-26.1%), from €1,314 to €971
- Debts after one year -€222
down €222 (-16.8%), from €1,327 to €1,105
- Gross operating margin -€5,354
down €5,354, from €3,547 to -€1,807
- Depreciation -€698
down €698 (-38.7%), from €1,806 to €1,107
- Other operating charges -€537
down €537 (-50.6%), from €1,062 to €524
- Financial charges -€53
down €53 (-17.7%), from €303 to €249
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 | €17,358 | €3,714 | -€13,644 | -78.6% |
| Fixed assets | 21/28 | €4,611 | €3,504 | -€1,107 | -24.0% |
| Tangible fixed assets | 22/27 | €4,611 | €3,504 | -€1,107 | -24.0% |
| Land and buildings | 22 | €4,611 | €3,504 | -€1,107 | -24.0% |
| Current assets | 29/58 | €12,747 | €210 | -€12,537 | -98.4% |
| Amounts receivable within one year | 40/41 | €12,580 | €32 | -€12,548 | -99.7% |
| Trade receivables | 40 | €12,000 | - | -€12,000 | |
| Other amounts receivable | 41 | €580 | €32 | -€548 | -94.4% |
| Cash at bank and in hand | 54/58 | €167 | €178 | +€11 | +6.4% |
| Total equity and liabilities | 10/49 | €17,358 | €3,714 | -€13,644 | -78.6% |
| Equity | 10/15 | -€2,662 | -€6,350 | -€3,688 | -139% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,162 | -€65,850 | -€3,688 | -5.9% |
| Amounts payable | 17/49 | €20,021 | €10,064 | -€9,957 | -49.7% |
| Amounts payable after more than one year | 17 | €1,327 | €1,105 | -€222 | -16.8% |
| Financial debts | 170/4 | €1,327 | €1,105 | -€222 | -16.8% |
| Amounts payable within one year | 42/48 | €18,587 | €8,478 | -€10,109 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €215 | €222 | +€8 | +3.6% |
| Trade debts | 44 | €1,314 | €971 | -€343 | -26.1% |
| Suppliers | 440/4 | €1,314 | €971 | -€343 | -26.1% |
| Other amounts payable | 47/48 | €17,059 | €7,284 | -€9,774 | -57.3% |
| Accrued charges and deferred income | 492/3 | €107 | €482 | +€375 | +351% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,806 | €1,107 | -€698 | -38.7% |
| Other operating charges | 640/8 | €1,062 | €524 | -€537 | -50.6% |
| Gross operating margin | 9900 | €3,547 | -€1,807 | -€5,354 | |
| Operating profit (loss) | 9901 | €680 | -€3,439 | -€4,119 | |
| Financial charges | 65/66B | €303 | €249 | -€53 | -17.7% |
| Recurring financial charges | 65 | €303 | €249 | -€53 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €378 | -€3,688 | -€4,065 | |
| Profit (loss) for the period | 9904 | €378 | -€3,688 | -€4,065 | |
| Profit (loss) for the period to be appropriated | 9905 | €378 | -€3,688 | -€4,065 |
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 20 October 2026 via checked.be.