GROENINGEN: what changed
What changed
GROENINGEN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€470,586
2024 · €79,390+€391,196
Equity
€13.5m
2024 · €13.1m+€470,586
Cash
€618,291
2024 · €299,509+€318,782
Balance sheet total
€19.8m
2024 · €20.4m-€555,114
Largest movements
Assets
- Tangible fixed assets -€658,403
down €658,403 (-3.6%), from €18.4m to €17.8m
of which Land and buildings: -€726,970
- Cash +€318,782
up €318,782 (+106%), from €299,509 to €618,291
mainly Depreciation (+€975,723) and Net result for the year (+€470,586)
- Deferred charges and accrued income -€233,657
no longer reported in 2025 (was €233,657)
Equity and liabilities
- Short-term financial debts -€675,000
down €675,000 (-19.9%), from €3.4m to €2.7m
- Profit (loss) carried forward +€470,586
up €470,586 (+15.3%), from €3.1m to €3.5m
- Debts after one year -€374,718
down €374,718 (-10.9%), from €3.5m to €3.1m
Income statement
- Gross operating margin +€373,182
up €373,182 (+18.9%), from €2.0m to €2.3m
- Depreciation -€314,066
down €314,066 (-24.4%), from €1.3m to €975,723
- Other operating charges +€204,622
up €204,622 (+216%), from €94,915 to €299,537
- Taxes +€129,410
up €129,410, from -€6,448 to €122,962
- Financial charges -€50,269
down €50,269 (-15.2%), from €330,934 to €280,665
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
€79,390
Gross operating margin
+€373,182
Staff costs
-€12,289
Depreciation
+€314,066
Other operating charges
-€204,622
Financial charges
+€50,269
Taxes
-€129,410
Result 2025
€470,586
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
+€1.7m
Investment
-€317,320
Financing
-€1.0m
Cash 2024
€299,509
From operations (derived)
+€1.7m
Net result for the year
+€470,586
Depreciation
+€975,723
Receivables after one year
-€3,199
Receivables within one year
-€14,965
Deferred charges and accrued income
+€233,657
Tax, wage and social debts
+€45,114
Accrued charges and deferred income
-€22,571
Investment (derived)
-€317,320
Investment in fixed assets (net)
-€317,320
Financing
-€1.0m
Debts after one year
-€374,718
Current portion of long-term debt
+€1,475
Short-term financial debts
-€675,000
Cash 2025
€618,291
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,362,883 | €19,807,769 | -€555,114 | -2.7% |
| Fixed assets | 21/28 | €18,436,523 | €17,778,120 | -€658,403 | -3.6% |
| Tangible fixed assets | 22/27 | €18,435,963 | €17,777,560 | -€658,403 | -3.6% |
| Land and buildings | 22 | €16,312,197 | €15,585,227 | -€726,970 | -4.5% |
| Plant, machinery and equipment | 23 | €2,036,035 | €2,095,566 | +€59,531 | +2.9% |
| Furniture and vehicles | 24 | €87,731 | €96,767 | +€9,036 | +10.3% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €1,926,360 | €2,029,649 | +€103,289 | +5.4% |
| Amounts receivable after more than one year | 29 | €1,274,177 | €1,277,376 | +€3,199 | +0.3% |
| Other amounts receivable | 291 | €1,274,177 | €1,277,376 | +€3,199 | +0.3% |
| Amounts receivable within one year | 40/41 | €114,947 | €129,912 | +€14,965 | +13.0% |
| Trade receivables | 40 | €42,817 | €51,638 | +€8,821 | +20.6% |
| Other amounts receivable | 41 | €72,130 | €78,274 | +€6,144 | +8.5% |
| Current investments | 50/53 | €4,070 | €4,070 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €299,509 | €618,291 | +€318,782 | +106% |
| Deferred charges and accrued income | 490/1 | €233,657 | - | -€233,657 | |
| Total equity and liabilities | 10/49 | €20,362,883 | €19,807,769 | -€555,114 | -2.7% |
| Equity | 10/15 | €13,059,695 | €13,530,281 | +€470,586 | +3.6% |
| Contributions | 10/11 | €5,597,877 | €5,597,877 | = | 0.0% |
| Capital | 10 | €5,597,460 | €5,597,460 | = | 0.0% |
| Issued capital | 100 | €5,597,460 | €5,597,460 | = | 0.0% |
| Contributions outside capital | 11 | €417 | €417 | = | 0.0% |
| Share premium | 1100/10 | €417 | €417 | = | 0.0% |
| Revaluation surpluses | 12 | €97,353 | €97,353 | = | 0.0% |
| Reserves | 13 | €4,290,975 | €4,290,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €192,737 | €192,737 | = | 0.0% |
| Legal reserve | 130 | €188,667 | €188,667 | = | 0.0% |
| Other | 1319 | €4,070 | €4,070 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,032,661 | €4,032,661 | = | 0.0% |
| Distributable reserves | 133 | €65,577 | €65,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,073,490 | €3,544,076 | +€470,586 | +15.3% |
| Provisions and deferred taxes | 16 | €82,451 | €82,451 | = | 0.0% |
| Deferred taxes | 168 | €82,451 | €82,451 | = | 0.0% |
| Amounts payable | 17/49 | €7,220,737 | €6,195,037 | -€1.0m | -14.2% |
| Amounts payable after more than one year | 17 | €3,451,510 | €3,076,792 | -€374,718 | -10.9% |
| Financial debts | 170/4 | €3,451,510 | €3,076,792 | -€374,718 | -10.9% |
| Amounts payable within one year | 42/48 | €3,727,540 | €3,099,129 | -€628,411 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €99,667 | €101,142 | +€1,475 | +1.5% |
| Financial debts | 43 | €3,400,000 | €2,725,000 | -€675,000 | -19.9% |
| Other loans | 439 | €3,400,000 | €2,725,000 | -€675,000 | -19.9% |
| Trade debts | 44 | €206,759 | €206,759 | = | 0.0% |
| Suppliers | 440/4 | €206,759 | €206,759 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,114 | €66,228 | +€45,114 | +214% |
| Taxes | 450/3 | €7,500 | €49,595 | +€42,095 | +561% |
| Remuneration and social security | 454/9 | €13,614 | €16,633 | +€3,019 | +22.2% |
| Accrued charges and deferred income | 492/3 | €41,687 | €19,116 | -€22,571 | -54.1% |
| Remuneration, social security and pensions | 62 | €180,984 | €193,273 | +€12,289 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289,789 | €975,723 | -€314,066 | -24.4% |
| Other operating charges | 640/8 | €94,915 | €299,537 | +€204,622 | +216% |
| Gross operating margin | 9900 | €1,969,564 | €2,342,746 | +€373,182 | +18.9% |
| Operating profit (loss) | 9901 | €403,876 | €874,213 | +€470,337 | +116% |
| Financial charges | 65/66B | €330,934 | €280,665 | -€50,269 | -15.2% |
| Recurring financial charges | 65 | €330,934 | €280,665 | -€50,269 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €72,942 | €593,548 | +€520,606 | +714% |
| Income taxes | 67/77 | -€6,448 | €122,962 | +€129,410 | |
| Profit (loss) for the period | 9904 | €79,390 | €470,586 | +€391,196 | +493% |
| Profit (loss) for the period to be appropriated | 9905 | €79,390 | €470,586 | +€391,196 | +493% |
Next steps
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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 7 November 2026 via checked.be.