GROENLANDERS: 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.
GROENLANDERS
Largest movements
- Cash +€7,916
up €7,916 (+67.1%), from €11,798 to €19,714
mainly Net result for the year (+€14,411) and Other debts (+€4,049)
- Receivables within one year -€3,699
down €3,699 (-52.7%), from €7,025 to €3,326
of which Trade receivables: -€3,699
- Stocks and contracts -€2,240
down €2,240 (-19.8%), from €11,326 to €9,086
- Tangible fixed assets -€1,356
down €1,356 (-78.8%), from €1,722 to €366
of which Furniture and vehicles: -€1,275
- Profit (loss) carried forward +€14,411
up €14,411 (+34.4%), from -€41,918 to -€27,506
- Trade debts -€13,344
down €13,344 (-67.7%), from €19,697 to €6,354
- Tax, wage and social debts -€4,529
down €4,529 (-22.6%), from €20,017 to €15,487
of which Taxes: -€4,960
- Other debts +€4,049
up €4,049 (+310.6%), from €1,304 to €5,353
- Gross operating margin +€29,764
up €29,764 (+29.2%), from €101,956 to €131,719
- Staff costs +€8,815
up €8,815 (+8.5%), from €104,066 to €112,882
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.
Cash bridge derived
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 | €33,375 | €33,963 | +€587 | +1.8% |
| Fixed assets | 21/28 | €1,828 | €472 | -€1,356 | -74.2% |
| Tangible fixed assets | 22/27 | €1,722 | €366 | -€1,356 | -78.8% |
| Plant, machinery and equipment | 23 | €82 | €0 | -€82 | -100.0% |
| Furniture and vehicles | 24 | €1,640 | €366 | -€1,275 | -77.7% |
| Financial fixed assets | 28 | €106 | €106 | = | 0.0% |
| Current assets | 29/58 | €31,547 | €33,491 | +€1,944 | +6.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €11,326 | €9,086 | -€2,240 | -19.8% |
| Stocks | 30/36 | €11,326 | €9,086 | -€2,240 | -19.8% |
| Amounts receivable within one year | 40/41 | €7,025 | €3,326 | -€3,699 | -52.7% |
| Trade receivables | 40 | €7,025 | €3,326 | -€3,699 | -52.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,798 | €19,714 | +€7,916 | +67.1% |
| Deferred charges and accrued income | 490/1 | €1,397 | €1,365 | -€32 | -2.3% |
| Total equity and liabilities | 10/49 | €33,375 | €33,963 | +€587 | +1.8% |
| Equity | 10/15 | -€7,642 | €6,769 | +€14,411 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,075 | €28,075 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €24,575 | €24,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,918 | -€27,506 | +€14,411 | +34.4% |
| Amounts payable | 17/49 | €41,017 | €27,194 | -€13,824 | -33.7% |
| Amounts payable within one year | 42/48 | €41,017 | €27,194 | -€13,824 | -33.7% |
| Trade debts | 44 | €19,697 | €6,354 | -€13,344 | -67.7% |
| Suppliers | 440/4 | €19,697 | €6,354 | -€13,344 | -67.7% |
| Taxes, remuneration and social security | 45 | €20,017 | €15,487 | -€4,529 | -22.6% |
| Taxes | 450/3 | €10,094 | €5,133 | -€4,960 | -49.1% |
| Remuneration and social security | 454/9 | €9,923 | €10,354 | +€431 | +4.3% |
| Other amounts payable | 47/48 | €1,304 | €5,353 | +€4,049 | +310.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €104,066 | €112,882 | +€8,815 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,069 | €1,356 | -€712 | -34.4% |
| Other operating charges | 640/8 | €1,783 | €1,804 | +€21 | +1.2% |
| Gross operating margin | 9900 | €101,956 | €131,719 | +€29,764 | +29.2% |
| Operating profit (loss) | 9901 | -€5,962 | €15,677 | +€21,639 | |
| Financial income | 75/76B | €36 | €323 | +€288 | +805.5% |
| Recurring financial income | 75 | €36 | €323 | +€288 | +805.5% |
| Financial charges | 65/66B | €1,220 | €1,589 | +€369 | +30.2% |
| Recurring financial charges | 65 | €1,220 | €1,589 | +€369 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,147 | €14,411 | +€21,558 | |
| Profit (loss) for the period | 9904 | -€7,147 | €14,411 | +€21,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,147 | €14,411 | +€21,558 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.