GROENHOVE: what changed
Two fiscal 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.
GROENHOVE
Largest movements
- Cash -€51,617
down €51,617 (-73.9%), from €69,830 to €18,213
mainly Net result for the year (-€86,420) and Trade debts (-€3,364)
- Tangible fixed assets -€9,862
down €9,862 (-2.6%), from €372,406 to €362,544
of which Land and buildings: -€8,057
- Profit (loss) carried forward -€86,420
down €86,420 (-11.0%), from -€783,271 to -€869,691
- Other debts +€18,000
up €18,000 (+2.4%), from €738,324 to €756,324
- Accrued charges and deferred income +€7,094
up €7,094 (+137.8%), from €5,149 to €12,242
- Gross operating margin +€2,185
up €2,185 (+7.4%), from -€29,557 to -€27,372
- Depreciation -€1,241
down €1,241 (-11.2%), from €11,103 to €9,862
- Staff costs +€894
up €894 (+2.2%), from €39,813 to €40,708
- Financial charges -€301
down €301 (-44.7%), from €674 to €373
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,795 | €381,386 | -€64,409 | -14.4% |
| Fixed assets | 21/28 | €372,406 | €362,544 | -€9,862 | -2.6% |
| Tangible fixed assets | 22/27 | €372,406 | €362,544 | -€9,862 | -2.6% |
| Land and buildings | 22 | €359,677 | €351,620 | -€8,057 | -2.2% |
| Plant, machinery and equipment | 23 | €12,729 | €10,925 | -€1,805 | -14.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €73,389 | €18,842 | -€54,547 | -74.3% |
| Amounts receivable within one year | 40/41 | €1,261 | €585 | -€676 | -53.6% |
| Trade receivables | 40 | €1,261 | €585 | -€676 | -53.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €69,830 | €18,213 | -€51,617 | -73.9% |
| Deferred charges and accrued income | 490/1 | €2,298 | €44 | -€2,254 | -98.1% |
| Total equity and liabilities | 10/49 | €445,795 | €381,386 | -€64,409 | -14.4% |
| Equity | 10/15 | -€311,282 | -€397,702 | -€86,420 | -27.8% |
| Contributions | 10/11 | €468,519 | €468,519 | = | 0.0% |
| Capital | 10 | €468,519 | €468,519 | = | 0.0% |
| Issued capital | 100 | €468,519 | €468,519 | = | 0.0% |
| Reserves | 13 | €3,471 | €3,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,471 | €3,471 | = | 0.0% |
| Legal reserve | 130 | €3,471 | €3,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€783,271 | -€869,691 | -€86,420 | -11.0% |
| Amounts payable | 17/49 | €757,076 | €779,088 | +€22,012 | +2.9% |
| Amounts payable within one year | 42/48 | €751,928 | €766,846 | +€14,918 | +2.0% |
| Trade debts | 44 | €9,742 | €6,378 | -€3,364 | -34.5% |
| Suppliers | 440/4 | €9,742 | €6,378 | -€3,364 | -34.5% |
| Taxes, remuneration and social security | 45 | €3,862 | €4,144 | +€282 | +7.3% |
| Taxes | 450/3 | €180 | €262 | +€82 | +45.2% |
| Remuneration and social security | 454/9 | €3,681 | €3,882 | +€201 | +5.5% |
| Other amounts payable | 47/48 | €738,324 | €756,324 | +€18,000 | +2.4% |
| Accrued charges and deferred income | 492/3 | €5,149 | €12,242 | +€7,094 | +137.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €39,813 | €40,708 | +€894 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,103 | €9,862 | -€1,241 | -11.2% |
| Other operating charges | 640/8 | €7,863 | €8,106 | +€244 | +3.1% |
| Gross operating margin | 9900 | -€29,557 | -€27,372 | +€2,185 | +7.4% |
| Operating profit (loss) | 9901 | -€88,336 | -€86,048 | +€2,288 | +2.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €674 | €373 | -€301 | -44.7% |
| Recurring financial charges | 65 | €674 | €373 | -€301 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€89,010 | -€86,420 | +€2,589 | +2.9% |
| Profit (loss) for the period | 9904 | -€89,010 | -€86,420 | +€2,589 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,010 | -€86,420 | +€2,589 | +2.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.