GROENINGHEMOLEN: 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.
GROENINGHEMOLEN
Largest movements
- Cash +€13.2m
up €13.2m (+12,928%), from €102,087 to €13.3m
mainly Other debts (+€9.0m) and Current investments (+€4.6m)
- Current investments -€4.6m
down €4.6m (-100%), from €4.6m to €0
- Tangible fixed assets +€417,731
new in 2025: €417,731
of which Land and buildings: +€302,837
- Other debts +€9.0m
up €9.0m (+628%), from €1.4m to €10.4m
- Financial charges +€324,466
up €324,466 (+591,336%), from €55 to €324,521
- Financial income +€130,213
up €130,213 (+248%), from €52,542 to €182,754
- Gross operating margin -€99,251
down €99,251 (-30.7%), from €323,689 to €224,437
- Taxes -€61,728
down €61,728 (-70.6%), from €87,462 to €25,733
- Depreciation +€25,738
new in 2025: €25,738
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 | €4,930,682 | €13,906,207 | +€9.0m | +182% |
| Fixed assets | 21/28 | - | €417,731 | +€417,731 | |
| Tangible fixed assets | 22/27 | - | €417,731 | +€417,731 | |
| Land and buildings | 22 | - | €302,837 | +€302,837 | |
| Furniture and vehicles | 24 | - | €114,895 | +€114,895 | |
| Current assets | 29/58 | €4,930,682 | €13,488,476 | +€8.6m | +174% |
| Amounts receivable after more than one year | 29 | €70,000 | €366 | -€69,634 | -99.5% |
| Trade receivables | 290 | €70,000 | - | -€70,000 | |
| Other amounts receivable | 291 | - | €366 | +€366 | |
| Amounts receivable within one year | 40/41 | €158,595 | €186,970 | +€28,376 | +17.9% |
| Trade receivables | 40 | €50,824 | €0 | -€50,824 | -100% |
| Other amounts receivable | 41 | €107,771 | €186,970 | +€79,199 | +73.5% |
| Current investments | 50/53 | €4,600,000 | €0 | -€4.6m | -100% |
| Cash at bank and in hand | 54/58 | €102,087 | €13,299,920 | +€13.2m | +12,928% |
| Deferred charges and accrued income | 490/1 | - | €1,220 | +€1,220 | |
| Total equity and liabilities | 10/49 | €4,930,682 | €13,906,207 | +€9.0m | +182% |
| Equity | 10/15 | €3,063,649 | €3,082,715 | +€19,065 | +0.6% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €2,463,649 | €2,482,715 | +€19,065 | +0.8% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | - | -€60,000 | |
| Other | 1319 | - | €60,000 | +€60,000 | |
| Distributable reserves | 133 | €2,403,649 | €2,422,715 | +€19,065 | +0.8% |
| Amounts payable | 17/49 | €1,867,033 | €10,823,492 | +€9.0m | +480% |
| Amounts payable after more than one year | 17 | - | €30,000 | +€30,000 | |
| Financial debts | 170/4 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €1,860,009 | €10,793,492 | +€8.9m | +480% |
| Trade debts | 44 | €386,167 | €385,622 | -€545 | -0.1% |
| Suppliers | 440/4 | €386,167 | €385,622 | -€545 | -0.1% |
| Taxes, remuneration and social security | 45 | €45,880 | €10,055 | -€35,825 | -78.1% |
| Taxes | 450/3 | €45,880 | €10,055 | -€35,825 | -78.1% |
| Other amounts payable | 47/48 | €1,427,962 | €10,397,815 | +€9.0m | +628% |
| Accrued charges and deferred income | 492/3 | €7,024 | €0 | -€7,024 | -100% |
| Remuneration, social security and pensions | 62 | - | €220 | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,738 | +€25,738 | |
| Other operating charges | 640/8 | €970 | €11,915 | +€10,944 | +1,128% |
| Gross operating margin | 9900 | €323,689 | €224,437 | -€99,251 | -30.7% |
| Operating profit (loss) | 9901 | €322,718 | €186,565 | -€136,153 | -42.2% |
| Financial income | 75/76B | €52,542 | €182,754 | +€130,213 | +248% |
| Recurring financial income | 75 | €52,542 | €182,754 | +€130,213 | +248% |
| Financial charges | 65/66B | €55 | €324,521 | +€324,466 | +591,336% |
| Recurring financial charges | 65 | €55 | €324,521 | +€324,466 | +591,336% |
| Profit (loss) for the period before taxes | 9903 | €375,205 | €44,798 | -€330,407 | -88.1% |
| Income taxes | 67/77 | €87,462 | €25,733 | -€61,728 | -70.6% |
| Profit (loss) for the period | 9904 | €287,743 | €19,065 | -€268,678 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €287,743 | €19,065 | -€268,678 | -93.4% |
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.