Groeninck: 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.
Groeninck
Largest movements
- Cash +€35,609
up €35,609 (+37.6%), from €94,816 to €130,425
mainly Trade debts (+€43,064) and Depreciation (+€10,198)
- Deferred charges and accrued income +€5,754
new in 2025: €5,754
- Receivables within one year +€3,628
up €3,628 (+2.9%), from €123,910 to €127,538
of which Other amounts receivable: +€22,358
- Stocks and contracts +€3,406
up €3,406 (+8.6%), from €39,510 to €42,916
- Trade debts +€43,064
up €43,064 (+147%), from €29,380 to €72,444
- Purchases and services -€342,891
no longer reported in 2025 (was €342,891)
- Financial income +€5,544
new in 2025: €5,544
- Gross operating margin +€4,006
up €4,006 (+56.6%), from €7,076 to €11,082
- Staff costs -€2,877
down €2,877 (-54.8%), from €5,246 to €2,369
- Other operating charges +€708
new in 2025: €708
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 | €283,484 | €330,586 | +€47,102 | +16.6% |
| Formation expenses | 20 | €1,064 | €795 | -€269 | -25.3% |
| Fixed assets | 21/28 | €24,184 | €23,159 | -€1,025 | -4.2% |
| Tangible fixed assets | 22/27 | €24,184 | €23,159 | -€1,025 | -4.2% |
| Land and buildings | 22 | €10,621 | €7,561 | -€3,060 | -28.8% |
| Plant, machinery and equipment | 23 | €13,448 | €15,598 | +€2,150 | +16.0% |
| Furniture and vehicles | 24 | €115 | - | -€115 | |
| Current assets | 29/58 | €258,236 | €306,633 | +€48,397 | +18.7% |
| Stocks and contracts in progress | 3 | €39,510 | €42,916 | +€3,406 | +8.6% |
| Stocks | 30/36 | €39,510 | €42,916 | +€3,406 | +8.6% |
| Amounts receivable within one year | 40/41 | €123,910 | €127,538 | +€3,628 | +2.9% |
| Trade receivables | 40 | €54,205 | €35,474 | -€18,731 | -34.6% |
| Other amounts receivable | 41 | €69,705 | €92,063 | +€22,358 | +32.1% |
| Cash at bank and in hand | 54/58 | €94,816 | €130,425 | +€35,609 | +37.6% |
| Deferred charges and accrued income | 490/1 | - | €5,754 | +€5,754 | |
| Total equity and liabilities | 10/49 | €283,484 | €330,586 | +€47,102 | +16.6% |
| Equity | 10/15 | €253,888 | €255,212 | +€1,324 | +0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €245,010 | €245,010 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €243,151 | €243,151 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€9,714 | -€8,390 | +€1,324 | +13.6% |
| Amounts payable | 17/49 | €29,596 | €75,374 | +€45,778 | +155% |
| Amounts payable within one year | 42/48 | €29,596 | €75,374 | +€45,778 | +155% |
| Trade debts | 44 | €29,380 | €72,444 | +€43,064 | +147% |
| Suppliers | 440/4 | €29,380 | €72,444 | +€43,064 | +147% |
| Taxes, remuneration and social security | 45 | €216 | €2,930 | +€2,714 | +1,257% |
| Taxes | 450/3 | €216 | €2,930 | +€2,714 | +1,257% |
| Goods, raw materials, services and sundry goods | 60/61 | €342,891 | - | -€342,891 | |
| Remuneration, social security and pensions | 62 | €5,246 | €2,369 | -€2,877 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,310 | €10,198 | -€112 | -1.1% |
| Other operating charges | 640/8 | - | €708 | +€708 | |
| Gross operating margin | 9900 | €7,076 | €11,082 | +€4,006 | +56.6% |
| Operating profit (loss) | 9901 | -€8,480 | -€2,193 | +€6,287 | +74.1% |
| Financial income | 75/76B | - | €5,544 | +€5,544 | |
| Recurring financial income | 75 | - | €5,544 | +€5,544 | |
| Financial charges | 65/66B | €946 | €1,224 | +€278 | +29.4% |
| Recurring financial charges | 65 | €946 | €1,224 | +€278 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,426 | €2,128 | +€11,554 | |
| Income taxes | 67/77 | €288 | €803 | +€515 | +179% |
| Profit (loss) for the period | 9904 | -€9,714 | €1,324 | +€11,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,714 | €1,324 | +€11,038 |
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 27 October 2026 via checked.be.