Groenmeester: what changed
Groenmeester
Largest movements
- Cash +€32,298
up €32,298 (+324%), from €9,955 to €42,253
mainly Depreciation (+€36,835) and Net result for the year (+€36,192)
- Tangible fixed assets +€22,489
up €22,489 (+54.5%), from €41,265 to €63,754
of which Plant, machinery and equipment: +€26,603
- Intangible fixed assets -€21,194
down €21,194 (-10.8%), from €195,374 to €174,180
- Receivables within one year -€15,337
down €15,337 (-18.8%), from €81,619 to €66,282
of which Trade receivables: -€15,447
- Short-term financial debts -€50,000
down €50,000 (-66.7%), from €75,000 to €25,000
- Reserves +€36,192
new in 2025: €36,192
- Tax, wage and social debts +€18,134
up €18,134 (+101%), from €18,002 to €36,135
of which Taxes: +€15,679
- Other debts +€7,966
up €7,966 (+38.6%), from €20,648 to €28,614
- Current portion of long-term debt +€6,225
up €6,225 (+22.4%), from €27,775 to €34,000
- Gross operating margin +€145,433
up €145,433 (+390%), from €37,281 to €182,713
- Staff costs +€87,735
new in 2025: €87,735
- Depreciation +€21,281
up €21,281 (+137%), from €15,554 to €36,835
- Taxes +€10,628
up €10,628 (+256%), from €4,146 to €14,774
- Financial charges +€3,322
up €3,322 (+113%), from €2,953 to €6,274
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,213 | €346,469 | +€18,256 | +5.6% |
| Fixed assets | 21/28 | €236,638 | €237,934 | +€1,295 | +0.5% |
| Intangible fixed assets | 21 | €195,374 | €174,180 | -€21,194 | -10.8% |
| Tangible fixed assets | 22/27 | €41,265 | €63,754 | +€22,489 | +54.5% |
| Plant, machinery and equipment | 23 | €2,612 | €29,216 | +€26,603 | +1,018% |
| Furniture and vehicles | 24 | €38,652 | €34,538 | -€4,114 | -10.6% |
| Current assets | 29/58 | €91,575 | €108,536 | +€16,961 | +18.5% |
| Amounts receivable within one year | 40/41 | €81,619 | €66,282 | -€15,337 | -18.8% |
| Trade receivables | 40 | €81,619 | €66,172 | -€15,447 | -18.9% |
| Other amounts receivable | 41 | - | €110 | +€110 | |
| Cash at bank and in hand | 54/58 | €9,955 | €42,253 | +€32,298 | +324% |
| Total equity and liabilities | 10/49 | €328,213 | €346,469 | +€18,256 | +5.6% |
| Equity | 10/15 | €14,920 | €51,113 | +€36,192 | +243% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | - | €36,192 | +€36,192 | |
| Distributable reserves | 133 | - | €36,192 | +€36,192 | |
| Profit (loss) carried forward | 14 | €13,920 | €13,920 | = | 0.0% |
| Amounts payable | 17/49 | €313,293 | €295,356 | -€17,936 | -5.7% |
| Amounts payable after more than one year | 17 | €120,851 | €114,928 | -€5,923 | -4.9% |
| Financial debts | 170/4 | €120,851 | €114,928 | -€5,923 | -4.9% |
| Amounts payable within one year | 42/48 | €192,442 | €180,428 | -€12,014 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €27,775 | €34,000 | +€6,225 | +22.4% |
| Financial debts | 43 | €75,000 | €25,000 | -€50,000 | -66.7% |
| Other loans | 439 | €75,000 | €25,000 | -€50,000 | -66.7% |
| Trade debts | 44 | €51,017 | €56,678 | +€5,661 | +11.1% |
| Suppliers | 440/4 | €51,017 | €56,678 | +€5,661 | +11.1% |
| Taxes, remuneration and social security | 45 | €18,002 | €36,135 | +€18,134 | +101% |
| Taxes | 450/3 | €18,002 | €33,680 | +€15,679 | +87.1% |
| Remuneration and social security | 454/9 | - | €2,455 | +€2,455 | |
| Other amounts payable | 47/48 | €20,648 | €28,614 | +€7,966 | +38.6% |
| Non-recurring operating income | 76A | - | €617 | +€617 | |
| Remuneration, social security and pensions | 62 | - | €87,735 | +€87,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,554 | €36,835 | +€21,281 | +137% |
| Other operating charges | 640/8 | €763 | €1,094 | +€331 | +43.3% |
| Gross operating margin | 9900 | €37,281 | €182,713 | +€145,433 | +390% |
| Operating profit (loss) | 9901 | €20,963 | €57,050 | +€36,086 | +172% |
| Financial income | 75/76B | €56 | €191 | +€135 | +242% |
| Recurring financial income | 75 | €56 | €191 | +€135 | +242% |
| Financial charges | 65/66B | €2,953 | €6,274 | +€3,322 | +113% |
| Recurring financial charges | 65 | €2,953 | €6,274 | +€3,322 | +113% |
| Profit (loss) for the period before taxes | 9903 | €18,067 | €50,967 | +€32,900 | +182% |
| Income taxes | 67/77 | €4,146 | €14,774 | +€10,628 | +256% |
| Profit (loss) for the period | 9904 | €13,920 | €36,192 | +€22,272 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €13,920 | €36,192 | +€22,272 | +160% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.