Groeneryck: 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.
Groeneryck
Largest movements
- Receivables within one year -€28,955
down €28,955 (-33.9%), from €85,295 to €56,340
- Cash -€28,456
down €28,456 (-85.1%), from €33,450 to €4,994
mainly Trade debts (-€50,500) and Other debts (-€43,158)
- Tangible fixed assets -€23,401
down €23,401 (-19.3%), from €120,989 to €97,588
of which Plant, machinery and equipment: -€28,150
- Intangible fixed assets -€2,529
down €2,529 (-39.2%), from €6,447 to €3,918
- Trade debts -€50,500
down €50,500 (-58.9%), from €85,790 to €35,290
- Other debts -€43,158
down €43,158 (-86.6%), from €49,824 to €6,666
- Current portion of long-term debt +€5,272
up €5,272 (+37.8%), from €13,931 to €19,203
- Debts after one year +€3,628
up €3,628 (+14.3%), from €25,355 to €28,983
- Staff costs +€5,411
up €5,411 (+10.8%), from €49,999 to €55,410
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 | €252,914 | €170,026 | -€82,888 | -32.8% |
| Fixed assets | 21/28 | €127,436 | €101,506 | -€25,931 | -20.3% |
| Intangible fixed assets | 21 | €6,447 | €3,918 | -€2,529 | -39.2% |
| Tangible fixed assets | 22/27 | €120,989 | €97,588 | -€23,401 | -19.3% |
| Plant, machinery and equipment | 23 | €65,994 | €37,844 | -€28,150 | -42.7% |
| Furniture and vehicles | 24 | €54,669 | €59,744 | +€5,075 | +9.3% |
| Other tangible fixed assets | 26 | €326 | €0 | -€326 | -100% |
| Current assets | 29/58 | €125,477 | €68,520 | -€56,957 | -45.4% |
| Amounts receivable within one year | 40/41 | €85,295 | €56,340 | -€28,955 | -33.9% |
| Trade receivables | 40 | €85,295 | €56,340 | -€28,955 | -33.9% |
| Cash at bank and in hand | 54/58 | €33,450 | €4,994 | -€28,456 | -85.1% |
| Deferred charges and accrued income | 490/1 | €6,732 | €7,186 | +€454 | +6.7% |
| Total equity and liabilities | 10/49 | €252,914 | €170,026 | -€82,888 | -32.8% |
| Equity | 10/15 | €58,156 | €60,608 | +€2,451 | +4.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €54,156 | €56,608 | +€2,451 | +4.5% |
| Distributable reserves | 133 | €54,156 | €56,608 | +€2,451 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €194,758 | €109,418 | -€85,339 | -43.8% |
| Amounts payable after more than one year | 17 | €25,355 | €28,983 | +€3,628 | +14.3% |
| Financial debts | 170/4 | €25,355 | €28,983 | +€3,628 | +14.3% |
| Amounts payable within one year | 42/48 | €165,233 | €78,343 | -€86,890 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €13,931 | €19,203 | +€5,272 | +37.8% |
| Trade debts | 44 | €85,790 | €35,290 | -€50,500 | -58.9% |
| Suppliers | 440/4 | €85,790 | €35,290 | -€50,500 | -58.9% |
| Taxes, remuneration and social security | 45 | €15,688 | €17,184 | +€1,496 | +9.5% |
| Taxes | 450/3 | €9,930 | €10,893 | +€963 | +9.7% |
| Remuneration and social security | 454/9 | €5,758 | €6,291 | +€533 | +9.3% |
| Other amounts payable | 47/48 | €49,824 | €6,666 | -€43,158 | -86.6% |
| Accrued charges and deferred income | 492/3 | €4,171 | €2,093 | -€2,078 | -49.8% |
| Remuneration, social security and pensions | 62 | €49,999 | €55,410 | +€5,411 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,582 | €57,507 | -€75 | -0.1% |
| Other operating charges | 640/8 | €1,560 | €2,388 | +€828 | +53.0% |
| Gross operating margin | 9900 | €124,893 | €123,926 | -€967 | -0.8% |
| Operating profit (loss) | 9901 | €15,752 | €8,621 | -€7,131 | -45.3% |
| Financial income | 75/76B | €21 | €861 | +€841 | +4,048% |
| Recurring financial income | 75 | €21 | €861 | +€841 | +4,048% |
| Financial charges | 65/66B | €5,697 | €4,545 | -€1,152 | -20.2% |
| Recurring financial charges | 65 | €5,697 | €4,545 | -€1,152 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €10,076 | €4,937 | -€5,139 | -51.0% |
| Income taxes | 67/77 | €3,063 | €2,485 | -€578 | -18.9% |
| Profit (loss) for the period | 9904 | €7,013 | €2,451 | -€4,561 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,013 | €2,451 | -€4,561 | -65.0% |
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 25 October 2026 via checked.be.