GROENHOVE-TORHOUT: 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.
What changed
GROENHOVE-TORHOUT
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,857
2024 · €17,411+€8,445
Equity
€360,260
2024 · €334,404+€25,857
Cash
€22,736
2024 · €19,123+€3,613
Balance sheet total
€661,261
2024 · €707,869-€46,609
Largest movements
Assets
- Tangible fixed assets -€62,250
down €62,250 (-10.9%), from €569,428 to €507,178
of which Land and buildings: -€32,944
- Current investments +€7,837
up €7,837 (+8.7%), from €90,461 to €98,298
Equity and liabilities
- Debts after one year -€58,664
down €58,664 (-31.1%), from €188,712 to €130,048
- Reserves +€30,402
up €30,402 (+17.4%), from €175,058 to €205,460
of which Distributable reserves: +€18,778
- Trade debts -€20,470
down €20,470 (-38.1%), from €53,775 to €33,306
Income statement
- Financial income +€6,223
up €6,223 (+1,108%), from €561 to €6,784
of which Non-recurring financial income: +€6,133
- Gross operating margin +€5,412
up €5,412 (+3.3%), from €165,988 to €171,400
- Taxes +€3,952
up €3,952 (+73.1%), from €5,405 to €9,357
- Financial charges -€1,985
down €1,985 (-17.8%), from €11,161 to €9,177
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.
Result 2024
€17,411
Gross operating margin
+€5,412
Staff costs
+€1,104
Depreciation
-€515
Other operating charges
-€1,034
Financial income
+€6,223
Financial charges
+€1,985
Taxes
-€3,952
Deferred taxes and other
-€776
Result 2025
€25,857
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€74,450
Investment
-€12,665
Financing
-€58,172
Cash 2024
€19,123
From operations (derived)
+€74,450
Net result for the year
+€25,857
Depreciation
+€67,079
Stocks and contracts
+€1,249
Receivables within one year
+€16
Deferred charges and accrued income
-€5,456
Provisions
+€2,906
Trade debts
-€20,470
Tax, wage and social debts
+€3,742
Other debts
-€472
Investment (derived)
-€12,665
Investment in fixed assets (net)
-€4,828
Current investments
-€7,837
Financing
-€58,172
Debts after one year
-€58,664
Current portion of long-term debt
+€1,159
Short-term financial debts
-€667
Cash 2025
€22,736
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €707,869 | €661,261 | -€46,609 | -6.6% |
| Fixed assets | 21/28 | €569,971 | €507,720 | -€62,250 | -10.9% |
| Tangible fixed assets | 22/27 | €569,428 | €507,178 | -€62,250 | -10.9% |
| Land and buildings | 22 | €459,285 | €426,341 | -€32,944 | -7.2% |
| Plant, machinery and equipment | 23 | €55,148 | €42,737 | -€12,411 | -22.5% |
| Furniture and vehicles | 24 | €54,995 | €38,100 | -€16,896 | -30.7% |
| Financial fixed assets | 28 | €543 | €543 | = | 0.0% |
| Current assets | 29/58 | €137,898 | €153,540 | +€15,642 | +11.3% |
| Stocks and contracts in progress | 3 | €15,774 | €14,526 | -€1,249 | -7.9% |
| Stocks | 30/36 | €15,774 | €14,526 | -€1,249 | -7.9% |
| Amounts receivable within one year | 40/41 | €11,826 | €11,810 | -€16 | -0.1% |
| Trade receivables | 40 | €5,249 | €4,544 | -€705 | -13.4% |
| Other amounts receivable | 41 | €6,577 | €7,266 | +€689 | +10.5% |
| Current investments | 50/53 | €90,461 | €98,298 | +€7,837 | +8.7% |
| Cash at bank and in hand | 54/58 | €19,123 | €22,736 | +€3,613 | +18.9% |
| Deferred charges and accrued income | 490/1 | €715 | €6,171 | +€5,456 | +763% |
| Total equity and liabilities | 10/49 | €707,869 | €661,261 | -€46,609 | -6.6% |
| Equity | 10/15 | €334,404 | €360,260 | +€25,857 | +7.7% |
| Contributions | 10/11 | €111,500 | €111,500 | = | 0.0% |
| Revaluation surpluses | 12 | €46,136 | €41,591 | -€4,545 | -9.9% |
| Reserves | 13 | €175,058 | €205,460 | +€30,402 | +17.4% |
| Non-distributable reserves | 130/1 | €1,550 | €1,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,550 | €1,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,707 | €33,331 | +€11,624 | +53.5% |
| Distributable reserves | 133 | €151,801 | €170,579 | +€18,778 | +12.4% |
| Profit (loss) carried forward | 14 | €1,709 | €1,709 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,412 | €8,318 | +€2,906 | +53.7% |
| Deferred taxes | 168 | €5,412 | €8,318 | +€2,906 | +53.7% |
| Amounts payable | 17/49 | €368,054 | €292,683 | -€75,371 | -20.5% |
| Amounts payable after more than one year | 17 | €188,712 | €130,048 | -€58,664 | -31.1% |
| Financial debts | 170/4 | €188,712 | €130,048 | -€58,664 | -31.1% |
| Amounts payable within one year | 42/48 | €179,342 | €162,635 | -€16,707 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €57,505 | €58,664 | +€1,159 | +2.0% |
| Financial debts | 43 | €2,333 | €1,667 | -€667 | -28.6% |
| Credit institutions | 430/8 | €2,333 | €1,667 | -€667 | -28.6% |
| Trade debts | 44 | €53,775 | €33,306 | -€20,470 | -38.1% |
| Suppliers | 440/4 | €53,775 | €33,306 | -€20,470 | -38.1% |
| Taxes, remuneration and social security | 45 | €18,290 | €22,032 | +€3,742 | +20.5% |
| Taxes | 450/3 | €11,857 | €15,449 | +€3,592 | +30.3% |
| Remuneration and social security | 454/9 | €6,433 | €6,583 | +€149 | +2.3% |
| Other amounts payable | 47/48 | €47,439 | €46,967 | -€472 | -1.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,356 | €49,253 | -€1,104 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,563 | €67,079 | +€515 | +0.8% |
| Other operating charges | 640/8 | €13,522 | €14,557 | +€1,034 | +7.6% |
| Gross operating margin | 9900 | €165,988 | €171,400 | +€5,412 | +3.3% |
| Operating profit (loss) | 9901 | €35,546 | €40,512 | +€4,966 | +14.0% |
| Financial income | 75/76B | €561 | €6,784 | +€6,223 | +1,108% |
| Recurring financial income | 75 | €561 | €651 | +€90 | +16.0% |
| Non-recurring financial income | 76B | €0 | €6,133 | +€6,133 | |
| Financial charges | 65/66B | €11,161 | €9,177 | -€1,985 | -17.8% |
| Recurring financial charges | 65 | €11,161 | €9,177 | -€1,985 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €24,946 | €38,119 | +€13,174 | +52.8% |
| Transfer from deferred taxes | 780 | €1,071 | €1,294 | +€224 | +20.9% |
| Transfer to deferred taxes | 680 | €3,200 | €4,200 | +€1,000 | +31.3% |
| Income taxes | 67/77 | €5,405 | €9,357 | +€3,952 | +73.1% |
| Profit (loss) for the period | 9904 | €17,411 | €25,857 | +€8,445 | +48.5% |
| Transfer from tax-exempt reserves | 789 | €8,767 | €9,722 | +€955 | +10.9% |
| Transfer to tax-exempt reserves | 689 | €12,800 | €16,800 | +€4,000 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,378 | €18,778 | +€5,400 | +40.4% |
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 29 October 2026 via checked.be.