Groenex: 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.
Groenex
Largest movements
- Tangible fixed assets -€19,267
down €19,267 (-11.5%), from €166,819 to €147,552
of which Furniture and vehicles: -€16,328
- Cash -€6,570
down €6,570 (-71.1%), from €9,239 to €2,670
mainly Debts after one year (-€15,948) and Other debts (-€14,012)
- Receivables within one year -€2,010
down €2,010 (-13.3%), from €15,096 to €13,086
of which Trade receivables: -€3,036
- Debts after one year -€15,948
down €15,948 (-24.0%), from €66,554 to €50,606
- Other debts -€14,012
down €14,012 (-23.0%), from €60,898 to €46,887
- Profit (loss) carried forward +€2,377
up €2,377 (+12.9%), from €18,360 to €20,737
- Gross operating margin -€8,320
down €8,320 (-22.7%), from €36,704 to €28,384
- Depreciation -€783
down €783 (-3.9%), from €19,971 to €19,188
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 | €191,599 | €164,455 | -€27,144 | -14.2% |
| Fixed assets | 21/28 | €166,819 | €147,552 | -€19,267 | -11.5% |
| Tangible fixed assets | 22/27 | €166,819 | €147,552 | -€19,267 | -11.5% |
| Land and buildings | 22 | €104,090 | €103,008 | -€1,082 | -1.0% |
| Plant, machinery and equipment | 23 | €4,671 | €2,815 | -€1,857 | -39.7% |
| Furniture and vehicles | 24 | €58,057 | €41,729 | -€16,328 | -28.1% |
| Current assets | 29/58 | €24,780 | €16,904 | -€7,877 | -31.8% |
| Amounts receivable within one year | 40/41 | €15,096 | €13,086 | -€2,010 | -13.3% |
| Trade receivables | 40 | €9,602 | €6,566 | -€3,036 | -31.6% |
| Other amounts receivable | 41 | €5,494 | €6,519 | +€1,026 | +18.7% |
| Cash at bank and in hand | 54/58 | €9,239 | €2,670 | -€6,570 | -71.1% |
| Deferred charges and accrued income | 490/1 | €445 | €1,149 | +€703 | +158% |
| Total equity and liabilities | 10/49 | €191,599 | €164,455 | -€27,144 | -14.2% |
| Equity | 10/15 | €48,360 | €50,737 | +€2,377 | +4.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,360 | €20,737 | +€2,377 | +12.9% |
| Amounts payable | 17/49 | €143,239 | €113,718 | -€29,521 | -20.6% |
| Amounts payable after more than one year | 17 | €66,554 | €50,606 | -€15,948 | -24.0% |
| Financial debts | 170/4 | €66,554 | €50,606 | -€15,948 | -24.0% |
| Amounts payable within one year | 42/48 | €76,620 | €63,045 | -€13,575 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €15,519 | €15,948 | +€429 | +2.8% |
| Trade debts | 44 | €203 | €211 | +€8 | +3.9% |
| Suppliers | 440/4 | €203 | €211 | +€8 | +3.9% |
| Other amounts payable | 47/48 | €60,898 | €46,887 | -€14,012 | -23.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €13,832 | €1,863 | -€11,969 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,971 | €19,188 | -€783 | -3.9% |
| Other operating charges | 640/8 | €1,616 | €1,602 | -€14 | -0.9% |
| Non-recurring operating charges | 66A | €5,322 | €2,135 | -€3,187 | -59.9% |
| Gross operating margin | 9900 | €36,704 | €28,384 | -€8,320 | -22.7% |
| Operating profit (loss) | 9901 | €9,795 | €5,459 | -€4,336 | -44.3% |
| Financial income | 75/76B | €18 | €12 | -€6 | -33.1% |
| Recurring financial income | 75 | €18 | €12 | -€6 | -33.1% |
| Financial charges | 65/66B | €1,994 | €2,205 | +€211 | +10.6% |
| Recurring financial charges | 65 | €1,994 | €2,205 | +€211 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €7,819 | €3,266 | -€4,553 | -58.2% |
| Income taxes | 67/77 | €941 | €889 | -€52 | -5.6% |
| Profit (loss) for the period | 9904 | €6,878 | €2,377 | -€4,501 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,878 | €2,377 | -€4,501 | -65.4% |
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 14 October 2026 via checked.be.