GROENWAND: 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.
GROENWAND
Largest movements
- Cash +€107,297
up €107,297 (+1,298%), from €8,265 to €115,562
mainly Stocks and contracts (+€93,889) and Other debts (+€65,516)
- Stocks and contracts -€93,889
down €93,889 (-38.2%), from €245,883 to €151,994
- Receivables within one year +€86,737
up €86,737 (+101%), from €86,187 to €172,924
of which Trade receivables: +€86,737
- Tangible fixed assets -€10,165
down €10,165 (-100%), from €10,165 to €0
- Other debts +€65,516
up €65,516 (+20.9%), from €313,547 to €379,064
- Trade debts +€11,684
up €11,684 (+956%), from €1,222 to €12,906
- Profit (loss) carried forward +€11,594
up €11,594 (+56.9%), from €20,375 to €31,969
- Tax, wage and social debts +€8,921
up €8,921 (+264%), from €3,385 to €12,306
- Advances received -€6,971
no longer reported in 2025 (was €6,971)
- Gross operating margin +€13,537
up €13,537 (+504%), from €2,686 to €16,223
- Taxes +€2,284
up €2,284 (+165%), from €1,387 to €3,671
- Financial charges +€243
up €243 (+62.9%), from €386 to €629
- Other operating charges -€202
down €202 (-33.4%), from €605 to €403
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 | €350,500 | €441,244 | +€90,745 | +25.9% |
| Fixed assets | 21/28 | €10,165 | €0 | -€10,165 | -100% |
| Tangible fixed assets | 22/27 | €10,165 | €0 | -€10,165 | -100% |
| Other tangible fixed assets | 26 | €10,165 | €0 | -€10,165 | -100% |
| Current assets | 29/58 | €340,335 | €441,244 | +€100,910 | +29.7% |
| Stocks and contracts in progress | 3 | €245,883 | €151,994 | -€93,889 | -38.2% |
| Stocks | 30/36 | €245,883 | €151,994 | -€93,889 | -38.2% |
| Amounts receivable within one year | 40/41 | €86,187 | €172,924 | +€86,737 | +101% |
| Trade receivables | 40 | €86,187 | €172,924 | +€86,737 | +101% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €8,265 | €115,562 | +€107,297 | +1,298% |
| Deferred charges and accrued income | 490/1 | - | €765 | +€765 | |
| Total equity and liabilities | 10/49 | €350,500 | €441,244 | +€90,745 | +25.9% |
| Equity | 10/15 | €25,375 | €36,969 | +€11,594 | +45.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,375 | €31,969 | +€11,594 | +56.9% |
| Amounts payable | 17/49 | €325,124 | €404,275 | +€79,151 | +24.3% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €325,124 | €404,275 | +€79,151 | +24.3% |
| Trade debts | 44 | €1,222 | €12,906 | +€11,684 | +956% |
| Suppliers | 440/4 | €1,222 | €12,906 | +€11,684 | +956% |
| Advances received on contracts in progress | 46 | €6,971 | - | -€6,971 | |
| Taxes, remuneration and social security | 45 | €3,385 | €12,306 | +€8,921 | +264% |
| Taxes | 450/3 | €3,385 | €12,306 | +€8,921 | +264% |
| Other amounts payable | 47/48 | €313,547 | €379,064 | +€65,516 | +20.9% |
| Other operating charges | 640/8 | €605 | €403 | -€202 | -33.4% |
| Gross operating margin | 9900 | €2,686 | €16,223 | +€13,537 | +504% |
| Operating profit (loss) | 9901 | €2,080 | €15,819 | +€13,739 | +660% |
| Financial income | 75/76B | €3 | €75 | +€71 | +2,065% |
| Recurring financial income | 75 | €3 | €75 | +€71 | +2,065% |
| Financial charges | 65/66B | €386 | €629 | +€243 | +62.9% |
| Recurring financial charges | 65 | €386 | €629 | +€243 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €1,698 | €15,265 | +€13,567 | +799% |
| Income taxes | 67/77 | €1,387 | €3,671 | +€2,284 | +165% |
| Profit (loss) for the period | 9904 | €310 | €11,594 | +€11,284 | +3,636% |
| Profit (loss) for the period to be appropriated | 9905 | €310 | €11,594 | +€11,284 | +3,636% |
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 23 October 2026 via checked.be.