GROENERGIE: 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.
GROENERGIE
Largest movements
- Current investments -€650,000
down €650,000 (-100%), from €650,000 to €0
- Cash +€157,632
up €157,632 (+78.7%), from €200,250 to €357,881
mainly Current investments (+€650,000) and Net result for the year (+€85,721)
- Tangible fixed assets +€45,824
up €45,824 (+3.3%), from €1.4m to €1.4m
of which Furniture and vehicles: +€78,052
- Other debts -€457,124
down €457,124 (-57.6%), from €793,082 to €335,959
- Reserves +€85,721
up €85,721 (+4.5%), from €1.9m to €2.0m
of which Distributable reserves: +€87,594
- Debts after one year -€59,413
down €59,413 (-10.8%), from €550,467 to €491,054
- Financial income -€1.3m
down €1.3m (-99.2%), from €1.3m to €10,470
- Depreciation -€149,653
down €149,653 (-78.6%), from €190,351 to €40,698
- Gross operating margin -€95,081
down €95,081 (-28.2%), from €337,116 to €242,035
- Taxes -€93,252
down €93,252 (-73.0%), from €127,757 to €34,505
- Financial charges -€32,999
down €32,999 (-34.2%), from €96,555 to €63,556
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 | €3,746,664 | €3,299,763 | -€446,901 | -11.9% |
| Fixed assets | 21/28 | €2,873,190 | €2,919,014 | +€45,824 | +1.6% |
| Tangible fixed assets | 22/27 | €1,373,190 | €1,419,014 | +€45,824 | +3.3% |
| Land and buildings | 22 | €1,372,285 | €1,340,276 | -€32,008 | -2.3% |
| Plant, machinery and equipment | 23 | €440 | €220 | -€220 | -50.0% |
| Furniture and vehicles | 24 | €465 | €78,518 | +€78,052 | +16,773% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €873,475 | €380,749 | -€492,725 | -56.4% |
| Amounts receivable within one year | 40/41 | €22,067 | €21,762 | -€306 | -1.4% |
| Trade receivables | 40 | €15,489 | €15,406 | -€83 | -0.5% |
| Other amounts receivable | 41 | €6,578 | €6,355 | -€223 | -3.4% |
| Current investments | 50/53 | €650,000 | €0 | -€650,000 | -100% |
| Cash at bank and in hand | 54/58 | €200,250 | €357,881 | +€157,632 | +78.7% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,106 | -€51 | -4.4% |
| Total equity and liabilities | 10/49 | €3,746,664 | €3,299,763 | -€446,901 | -11.9% |
| Equity | 10/15 | €2,144,572 | €2,230,293 | +€85,721 | +4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,914,801 | €2,000,522 | +€85,721 | +4.5% |
| Tax-exempt reserves | 132 | €54,675 | €52,802 | -€1,872 | -3.4% |
| Distributable reserves | 133 | €1,860,126 | €1,947,720 | +€87,594 | +4.7% |
| Profit (loss) carried forward | 14 | €217,371 | €217,371 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,225 | €17,601 | -€624 | -3.4% |
| Deferred taxes | 168 | €18,225 | €17,601 | -€624 | -3.4% |
| Amounts payable | 17/49 | €1,583,867 | €1,051,869 | -€531,999 | -33.6% |
| Amounts payable after more than one year | 17 | €550,467 | €491,054 | -€59,413 | -10.8% |
| Financial debts | 170/4 | €550,467 | €491,054 | -€59,413 | -10.8% |
| Amounts payable within one year | 42/48 | €967,252 | €512,711 | -€454,540 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €57,582 | €59,413 | +€1,830 | +3.2% |
| Trade debts | 44 | €1,991 | €929 | -€1,062 | -53.3% |
| Suppliers | 440/4 | €1,991 | €929 | -€1,062 | -53.3% |
| Taxes, remuneration and social security | 45 | €114,596 | €116,411 | +€1,814 | +1.6% |
| Taxes | 450/3 | €113,096 | €114,911 | +€1,814 | +1.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €793,082 | €335,959 | -€457,124 | -57.6% |
| Accrued charges and deferred income | 492/3 | €66,149 | €48,103 | -€18,046 | -27.3% |
| Non-recurring operating income | 76A | €141,377 | €6,000 | -€135,377 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,351 | €40,698 | -€149,653 | -78.6% |
| Other operating charges | 640/8 | €27,846 | €28,648 | +€803 | +2.9% |
| Gross operating margin | 9900 | €337,116 | €242,035 | -€95,081 | -28.2% |
| Operating profit (loss) | 9901 | €118,920 | €172,689 | +€53,769 | +45.2% |
| Financial income | 75/76B | €1,309,608 | €10,470 | -€1.3m | -99.2% |
| Recurring financial income | 75 | €1,309,608 | €10,470 | -€1.3m | -99.2% |
| Financial charges | 65/66B | €96,555 | €63,556 | -€32,999 | -34.2% |
| Recurring financial charges | 65 | €96,555 | €63,556 | -€32,999 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €1,331,972 | €119,602 | -€1.2m | -91.0% |
| Transfer from deferred taxes | 780 | €499 | €624 | +€125 | +25.0% |
| Income taxes | 67/77 | €127,757 | €34,505 | -€93,252 | -73.0% |
| Profit (loss) for the period | 9904 | €1,204,715 | €85,721 | -€1.1m | -92.9% |
| Transfer from tax-exempt reserves | 789 | €1,498 | €1,872 | +€374 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,206,213 | €87,594 | -€1.1m | -92.7% |
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 1 November 2026 via checked.be.