GROENPARTNERS: 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.
GROENPARTNERS
Largest movements
- Tangible fixed assets +€198,830
up €198,830 (+15.8%), from €1.3m to €1.5m
of which Land and buildings: +€124,094
- Current investments +€95,887
up €95,887 (+450%), from €21,301 to €117,188
- Stocks and contracts -€39,165
down €39,165 (-38.0%), from €103,064 to €63,899
- Receivables within one year -€22,067
down €22,067 (-12.5%), from €175,968 to €153,901
of which Trade receivables: -€21,899
- Debts after one year +€168,853
up €168,853 (+19.6%), from €861,950 to €1.0m
- Reserves +€102,345
up €102,345 (+31.8%), from €321,655 to €424,000
of which Distributable reserves: +€104,345
- Profit (loss) carried forward -€74,766
down €74,766 (-98.3%), from €76,097 to €1,331
- Current portion of long-term debt +€21,900
up €21,900 (+16.9%), from €129,370 to €151,270
- Trade debts +€21,056
up €21,056 (+92.5%), from €22,762 to €43,819
- Depreciation +€31,446
up €31,446 (+19.9%), from €158,283 to €189,729
- Gross operating margin +€20,826
up €20,826 (+6.2%), from €334,850 to €355,676
- Other operating charges +€8,234
up €8,234 (+66.9%), from €12,301 to €20,535
- Write-downs +€7,447
new in 2025: €7,447
- Financial charges +€3,731
up €3,731 (+10.7%), from €34,849 to €38,580
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,559,814 | €1,793,300 | +€233,486 | +15.0% |
| Fixed assets | 21/28 | €1,259,482 | €1,458,312 | +€198,830 | +15.8% |
| Tangible fixed assets | 22/27 | €1,258,482 | €1,457,312 | +€198,830 | +15.8% |
| Land and buildings | 22 | €1,000,696 | €1,124,789 | +€124,094 | +12.4% |
| Plant, machinery and equipment | 23 | €216,505 | €306,503 | +€89,997 | +41.6% |
| Furniture and vehicles | 24 | €41,281 | €26,020 | -€15,261 | -37.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €300,332 | €334,987 | +€34,655 | +11.5% |
| Stocks and contracts in progress | 3 | €103,064 | €63,899 | -€39,165 | -38.0% |
| Stocks | 30/36 | €103,064 | €63,899 | -€39,165 | -38.0% |
| Amounts receivable within one year | 40/41 | €175,968 | €153,901 | -€22,067 | -12.5% |
| Trade receivables | 40 | €172,974 | €151,075 | -€21,899 | -12.7% |
| Other amounts receivable | 41 | €2,994 | €2,826 | -€168 | -5.6% |
| Current investments | 50/53 | €21,301 | €117,188 | +€95,887 | +450% |
| Total equity and liabilities | 10/49 | €1,559,814 | €1,793,300 | +€233,486 | +15.0% |
| Equity | 10/15 | €417,752 | €445,331 | +€27,579 | +6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €321,655 | €424,000 | +€102,345 | +31.8% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €319,655 | €424,000 | +€104,345 | +32.6% |
| Profit (loss) carried forward | 14 | €76,097 | €1,331 | -€74,766 | -98.3% |
| Amounts payable | 17/49 | €1,142,062 | €1,347,969 | +€205,906 | +18.0% |
| Amounts payable after more than one year | 17 | €861,950 | €1,030,803 | +€168,853 | +19.6% |
| Financial debts | 170/4 | €861,950 | €1,030,803 | +€168,853 | +19.6% |
| Amounts payable within one year | 42/48 | €280,112 | €317,166 | +€37,053 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €129,370 | €151,270 | +€21,900 | +16.9% |
| Trade debts | 44 | €22,762 | €43,819 | +€21,056 | +92.5% |
| Suppliers | 440/4 | €22,762 | €43,819 | +€21,056 | +92.5% |
| Advances received on contracts in progress | 46 | €7,200 | €11,234 | +€4,034 | +56.0% |
| Taxes, remuneration and social security | 45 | €26,612 | €14,525 | -€12,087 | -45.4% |
| Taxes | 450/3 | €24,612 | €12,525 | -€12,087 | -49.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €94,168 | €96,317 | +€2,149 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,283 | €189,729 | +€31,446 | +19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,447 | +€7,447 | |
| Other operating charges | 640/8 | €12,301 | €20,535 | +€8,234 | +66.9% |
| Non-recurring operating charges | 66A | €47,000 | - | -€47,000 | |
| Gross operating margin | 9900 | €334,850 | €355,676 | +€20,826 | +6.2% |
| Operating profit (loss) | 9901 | €117,266 | €137,965 | +€20,699 | +17.7% |
| Financial income | 75/76B | €972 | €554 | -€418 | -43.0% |
| Recurring financial income | 75 | €972 | €554 | -€418 | -43.0% |
| Financial charges | 65/66B | €34,849 | €38,580 | +€3,731 | +10.7% |
| Recurring financial charges | 65 | €34,849 | €38,580 | +€3,731 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €83,389 | €99,939 | +€16,550 | +19.8% |
| Income taxes | 67/77 | €20,697 | €21,705 | +€1,008 | +4.9% |
| Profit (loss) for the period | 9904 | €62,691 | €78,234 | +€15,542 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,691 | €78,234 | +€15,542 | +24.8% |
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 17 October 2026 via checked.be.