GROENENHOEK: what changed
What changed
GROENENHOEK
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€240,898
2024 · €295,105-€54,207
Equity
€20,568
2024 · €19,669+€898
Cash
€146,746
2024 · €47,629+€99,117
Balance sheet total
€1.2m
2024 · €1.1m+€159,371
Largest movements
Assets
- Receivables within one year +€102,124
up €102,124 (+22.2%), from €460,008 to €562,132
of which Other amounts receivable: +€155,869
- Cash +€99,117
up €99,117 (+208%), from €47,629 to €146,746
mainly Trade debts (+€288,525) and Net result for the year (+€240,898)
- Intangible fixed assets -€29,438
down €29,438 (-33.3%), from €88,315 to €58,876
Equity and liabilities
- Trade debts +€288,525
up €288,525 (+166%), from €174,147 to €462,672
- Other debts -€55,000
down €55,000 (-18.6%), from €295,000 to €240,000
- Debts after one year -€54,179
down €54,179 (-13.3%), from €407,684 to €353,505
- Current portion of long-term debt -€15,941
down €15,941 (-9.2%), from €173,387 to €157,446
Income statement
- Gross operating margin -€102,807
down €102,807 (-20.7%), from €497,144 to €394,337
- Staff costs -€42,561
down €42,561 (-44.8%), from €94,991 to €52,430
- Other operating charges -€6,305
down €6,305 (-59.0%), from €10,693 to €4,388
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€295,105
Gross operating margin
-€102,807
Staff costs
+€42,561
Depreciation
+€999
Other operating charges
+€6,305
Other operating items
+€3,929
Financial income
-€2,193
Financial charges
-€1,997
Taxes
-€1,004
Result 2025
€240,898
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€413,994
Investment
-€4,526
Financing
-€310,352
Cash 2024
€47,629
From operations (derived)
+€413,994
Net result for the year
+€240,898
Depreciation
+€41,132
Stocks and contracts
+€2,473
Receivables within one year
-€102,124
Deferred charges and accrued income
+€2,790
Trade debts
+€288,525
Tax, wage and social debts
-€4,700
Other debts
-€55,000
Investment (derived)
-€4,526
Investment in fixed assets (net)
-€4,526
Financing
-€310,352
Debts after one year
-€54,179
Current portion of long-term debt
-€15,941
Short-term financial debts
-€233
Contributions, distributions and other
-€240,000
Cash 2025
€146,746
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,087,884 | €1,247,255 | +€159,371 | +14.6% |
| Fixed assets | 21/28 | €419,553 | €382,947 | -€36,606 | -8.7% |
| Intangible fixed assets | 21 | €88,315 | €58,876 | -€29,438 | -33.3% |
| Tangible fixed assets | 22/27 | €331,239 | €319,545 | -€11,694 | -3.5% |
| Land and buildings | 22 | €322,897 | €313,267 | -€9,630 | -3.0% |
| Furniture and vehicles | 24 | €8,342 | €6,278 | -€2,064 | -24.7% |
| Financial fixed assets | 28 | - | €4,526 | +€4,526 | |
| Current assets | 29/58 | €668,331 | €864,308 | +€195,977 | +29.3% |
| Stocks and contracts in progress | 3 | €155,442 | €152,968 | -€2,473 | -1.6% |
| Stocks | 30/36 | €155,442 | €152,968 | -€2,473 | -1.6% |
| Amounts receivable within one year | 40/41 | €460,008 | €562,132 | +€102,124 | +22.2% |
| Trade receivables | 40 | €106,439 | €52,694 | -€53,745 | -50.5% |
| Other amounts receivable | 41 | €353,568 | €509,437 | +€155,869 | +44.1% |
| Cash at bank and in hand | 54/58 | €47,629 | €146,746 | +€99,117 | +208% |
| Deferred charges and accrued income | 490/1 | €5,252 | €2,463 | -€2,790 | -53.1% |
| Total equity and liabilities | 10/49 | €1,087,884 | €1,247,255 | +€159,371 | +14.6% |
| Equity | 10/15 | €19,669 | €20,568 | +€898 | +4.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €13,472 | €14,370 | +€898 | +6.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,613 | €12,511 | +€898 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,068,215 | €1,226,688 | +€158,473 | +14.8% |
| Amounts payable after more than one year | 17 | €407,684 | €353,505 | -€54,179 | -13.3% |
| Financial debts | 170/4 | €407,684 | €353,505 | -€54,179 | -13.3% |
| Amounts payable within one year | 42/48 | €660,531 | €873,183 | +€212,652 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €173,387 | €157,446 | -€15,941 | -9.2% |
| Financial debts | 43 | €233 | €0 | -€233 | -100% |
| Credit institutions | 430/8 | €233 | €0 | -€233 | -100% |
| Trade debts | 44 | €174,147 | €462,672 | +€288,525 | +166% |
| Suppliers | 440/4 | €174,147 | €462,672 | +€288,525 | +166% |
| Taxes, remuneration and social security | 45 | €17,765 | €13,064 | -€4,700 | -26.5% |
| Taxes | 450/3 | €2,861 | €6,994 | +€4,133 | +144% |
| Remuneration and social security | 454/9 | €14,904 | €6,071 | -€8,833 | -59.3% |
| Other amounts payable | 47/48 | €295,000 | €240,000 | -€55,000 | -18.6% |
| Remuneration, social security and pensions | 62 | €94,991 | €52,430 | -€42,561 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,131 | €41,132 | -€999 | -2.4% |
| Other operating charges | 640/8 | €10,693 | €4,388 | -€6,305 | -59.0% |
| Non-recurring operating charges | 66A | €7,106 | €3,177 | -€3,929 | -55.3% |
| Gross operating margin | 9900 | €497,144 | €394,337 | -€102,807 | -20.7% |
| Operating profit (loss) | 9901 | €342,223 | €293,211 | -€49,012 | -14.3% |
| Financial income | 75/76B | €3,829 | €1,636 | -€2,193 | -57.3% |
| Recurring financial income | 75 | €3,829 | €1,636 | -€2,193 | -57.3% |
| Financial charges | 65/66B | €48,086 | €50,083 | +€1,997 | +4.2% |
| Recurring financial charges | 65 | €48,086 | €50,083 | +€1,997 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €297,966 | €244,763 | -€53,202 | -17.9% |
| Income taxes | 67/77 | €2,861 | €3,865 | +€1,004 | +35.1% |
| Profit (loss) for the period | 9904 | €295,105 | €240,898 | -€54,207 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €295,105 | €240,898 | -€54,207 | -18.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.