Groenfactor: what changed
What changed
Groenfactor
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€35,858
2024 · €56,256-€20,398
Equity
€125,974
2024 · €155,117-€29,142
Cash
€90,381
2024 · €111,100-€20,719
Balance sheet total
€223,703
2024 · €334,916-€111,214
Largest movements
Assets
- Tangible fixed assets -€51,878
down €51,878 (-35.4%), from €146,526 to €94,647
of which Furniture and vehicles: -€37,705
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€20,719
down €20,719 (-18.6%), from €111,100 to €90,381
mainly Contributions, distributions and other (-€65,000) and Current portion of long-term debt (-€51,609)
- Receivables within one year +€11,547
up €11,547 (+84.8%), from €13,609 to €25,156
of which Other amounts receivable: +€11,774
Equity and liabilities
- Current portion of long-term debt -€51,609
down €51,609 (-80.2%), from €64,356 to €12,747
- Reserves -€29,142
down €29,142 (-21.3%), from €136,517 to €107,374
- Debts after one year -€12,747
down €12,747 (-30.4%), from €41,913 to €29,166
- Accrued charges and deferred income -€5,006
down €5,006 (-25.4%), from €19,691 to €14,685
- Advances received -€4,028
down €4,028 (-100%), from €4,028 to €0
Income statement
- Gross operating margin +€43,535
up €43,535 (+11.7%), from €371,384 to €414,920
- Financial charges +€36,174
up €36,174 (+1,818%), from €1,990 to €38,165
- Staff costs +€27,630
up €27,630 (+11.3%), from €244,845 to €272,475
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
€56,256
Gross operating margin
+€43,535
Staff costs
-€27,630
Depreciation
-€2,206
Other operating charges
+€24
Financial income
-€1,264
Financial charges
-€36,174
Taxes
+€3,317
Result 2025
€35,858
raises the resultlowers the result
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
+€66,262
Investment
+€45,109
Financing
-€132,090
Cash 2024
€111,100
From operations (derived)
+€66,262
Net result for the year
+€35,858
Depreciation
+€56,769
Receivables within one year
-€11,547
Deferred charges and accrued income
+€163
Trade debts
-€2,946
Tax, wage and social debts
-€3,040
Advances received
-€4,028
Other debts
+€39
Accrued charges and deferred income
-€5,006
Investment (derived)
+€45,109
Investment in fixed assets (net)
-€4,891
Current investments
+€50,000
Financing
-€132,090
Debts after one year
-€12,747
Current portion of long-term debt
-€51,609
Short-term financial debts
-€2,734
Contributions, distributions and other
-€65,000
Cash 2025
€90,381
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,916 | €223,703 | -€111,214 | -33.2% |
| Fixed assets | 21/28 | €146,661 | €94,782 | -€51,878 | -35.4% |
| Tangible fixed assets | 22/27 | €146,526 | €94,647 | -€51,878 | -35.4% |
| Plant, machinery and equipment | 23 | €49,515 | €35,341 | -€14,174 | -28.6% |
| Furniture and vehicles | 24 | €97,011 | €59,306 | -€37,705 | -38.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €188,256 | €128,920 | -€59,335 | -31.5% |
| Amounts receivable within one year | 40/41 | €13,609 | €25,156 | +€11,547 | +84.8% |
| Trade receivables | 40 | €2,112 | €1,885 | -€227 | -10.7% |
| Other amounts receivable | 41 | €11,497 | €23,270 | +€11,774 | +102% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €111,100 | €90,381 | -€20,719 | -18.6% |
| Deferred charges and accrued income | 490/1 | €13,547 | €13,384 | -€163 | -1.2% |
| Total equity and liabilities | 10/49 | €334,916 | €223,703 | -€111,214 | -33.2% |
| Equity | 10/15 | €155,117 | €125,974 | -€29,142 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,517 | €107,374 | -€29,142 | -21.3% |
| Distributable reserves | 133 | €136,517 | €107,374 | -€29,142 | -21.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,800 | €97,728 | -€82,072 | -45.6% |
| Amounts payable after more than one year | 17 | €41,913 | €29,166 | -€12,747 | -30.4% |
| Financial debts | 170/4 | €41,913 | €29,166 | -€12,747 | -30.4% |
| Amounts payable within one year | 42/48 | €118,196 | €53,878 | -€64,318 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €64,356 | €12,747 | -€51,609 | -80.2% |
| Financial debts | 43 | €2,734 | €0 | -€2,734 | -100% |
| Credit institutions | 430/8 | €2,734 | €0 | -€2,734 | -100% |
| Trade debts | 44 | €19,861 | €16,914 | -€2,946 | -14.8% |
| Suppliers | 440/4 | €19,861 | €16,914 | -€2,946 | -14.8% |
| Advances received on contracts in progress | 46 | €4,028 | €0 | -€4,028 | -100% |
| Taxes, remuneration and social security | 45 | €27,217 | €24,177 | -€3,040 | -11.2% |
| Taxes | 450/3 | €5,307 | €0 | -€5,307 | -100% |
| Remuneration and social security | 454/9 | €21,910 | €24,177 | +€2,267 | +10.3% |
| Other amounts payable | 47/48 | - | €39 | +€39 | |
| Accrued charges and deferred income | 492/3 | €19,691 | €14,685 | -€5,006 | -25.4% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100% |
| Remuneration, social security and pensions | 62 | €244,845 | €272,475 | +€27,630 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,563 | €56,769 | +€2,206 | +4.0% |
| Other operating charges | 640/8 | €2,054 | €2,030 | -€24 | -1.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €371,384 | €414,920 | +€43,535 | +11.7% |
| Operating profit (loss) | 9901 | €69,923 | €83,646 | +€13,723 | +19.6% |
| Financial income | 75/76B | €3,729 | €2,466 | -€1,264 | -33.9% |
| Recurring financial income | 75 | €3,729 | €2,466 | -€1,264 | -33.9% |
| Financial charges | 65/66B | €1,990 | €38,165 | +€36,174 | +1,818% |
| Recurring financial charges | 65 | €1,990 | €38,165 | +€36,174 | +1,818% |
| Profit (loss) for the period before taxes | 9903 | €71,661 | €47,947 | -€23,715 | -33.1% |
| Income taxes | 67/77 | €15,406 | €12,089 | -€3,317 | -21.5% |
| Profit (loss) for the period | 9904 | €56,256 | €35,858 | -€20,398 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,256 | €35,858 | -€20,398 | -36.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.