Groenoog: 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.
Groenoog
Largest movements
- Receivables within one year -€22,645
down €22,645 (-23.3%), from €97,074 to €74,428
of which Trade receivables: -€14,584
- Cash -€21,131
down €21,131 (-28.3%), from €74,597 to €53,467
mainly Trade debts (-€23,121) and Contributions, distributions and other (-€23,088)
- Deferred charges and accrued income -€2,802
down €2,802 (-20.6%), from €13,607 to €10,804
- Tangible fixed assets -€1,985
down €1,985 (-49.4%), from €4,017 to €2,032
of which Furniture and vehicles: -€3,161
- Trade debts -€23,121
down €23,121 (-95.7%), from €24,155 to €1,034
- Reserves -€15,130
down €15,130 (-11.7%), from €129,132 to €114,002
of which Distributable reserves: -€15,130
- Tax, wage and social debts -€8,903
down €8,903 (-35.8%), from €24,901 to €15,998
of which Taxes: -€10,799
- Gross operating margin -€31,099
down €31,099 (-58.0%), from €53,596 to €22,497
- Other operating charges -€6,855
down €6,855 (-65.8%), from €10,423 to €3,568
- Taxes -€4,399
down €4,399 (-48.4%), from €9,090 to €4,691
- Depreciation -€3,568
down €3,568 (-52.7%), from €6,770 to €3,202
- Financial charges -€2,302
down €2,302 (-36.9%), from €6,243 to €3,941
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 | €189,295 | €140,732 | -€48,563 | -25.7% |
| Fixed assets | 21/28 | €4,017 | €2,032 | -€1,985 | -49.4% |
| Tangible fixed assets | 22/27 | €4,017 | €2,032 | -€1,985 | -49.4% |
| Plant, machinery and equipment | 23 | - | €1,176 | +€1,176 | |
| Furniture and vehicles | 24 | €4,017 | €856 | -€3,161 | -78.7% |
| Current assets | 29/58 | €185,278 | €138,699 | -€46,578 | -25.1% |
| Amounts receivable within one year | 40/41 | €97,074 | €74,428 | -€22,645 | -23.3% |
| Trade receivables | 40 | €83,362 | €68,778 | -€14,584 | -17.5% |
| Other amounts receivable | 41 | €13,711 | €5,650 | -€8,061 | -58.8% |
| Cash at bank and in hand | 54/58 | €74,597 | €53,467 | -€21,131 | -28.3% |
| Deferred charges and accrued income | 490/1 | €13,607 | €10,804 | -€2,802 | -20.6% |
| Total equity and liabilities | 10/49 | €189,295 | €140,732 | -€48,563 | -25.7% |
| Equity | 10/15 | €138,830 | €123,700 | -€15,130 | -10.9% |
| Contributions | 10/11 | €9,697 | €9,697 | = | 0.0% |
| Reserves | 13 | €129,132 | €114,002 | -€15,130 | -11.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €129,132 | €114,002 | -€15,130 | -11.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,465 | €17,032 | -€33,433 | -66.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,465 | €17,032 | -€33,433 | -66.2% |
| Current portion of amounts payable after more than one year | 42 | €1,409 | €0 | -€1,409 | -100% |
| Trade debts | 44 | €24,155 | €1,034 | -€23,121 | -95.7% |
| Suppliers | 440/4 | €24,155 | €1,034 | -€23,121 | -95.7% |
| Taxes, remuneration and social security | 45 | €24,901 | €15,998 | -€8,903 | -35.8% |
| Taxes | 450/3 | €24,901 | €14,102 | -€10,799 | -43.4% |
| Remuneration and social security | 454/9 | - | €1,896 | +€1,896 | |
| Non-recurring operating income | 76A | €7,417 | €0 | -€7,417 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,770 | €3,202 | -€3,568 | -52.7% |
| Other operating charges | 640/8 | €10,423 | €3,568 | -€6,855 | -65.8% |
| Gross operating margin | 9900 | €53,596 | €22,497 | -€31,099 | -58.0% |
| Operating profit (loss) | 9901 | €36,403 | €15,727 | -€20,676 | -56.8% |
| Financial income | 75/76B | €346 | €863 | +€517 | +149% |
| Recurring financial income | 75 | €346 | €863 | +€517 | +149% |
| Financial charges | 65/66B | €6,243 | €3,941 | -€2,302 | -36.9% |
| Recurring financial charges | 65 | €6,243 | €3,941 | -€2,302 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €30,506 | €12,649 | -€17,857 | -58.5% |
| Income taxes | 67/77 | €9,090 | €4,691 | -€4,399 | -48.4% |
| Profit (loss) for the period | 9904 | €21,417 | €7,958 | -€13,459 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,417 | €7,958 | -€13,459 | -62.8% |
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 28 October 2026 via checked.be.