GROENWEGEN: 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.
GROENWEGEN
Largest movements
- Receivables within one year -€91,207
down €91,207 (-21.4%), from €425,394 to €334,187
of which Trade receivables: -€102,184
- Stocks and contracts +€55,559
up €55,559 (+31.9%), from €173,907 to €229,467
- Cash -€26,857
down €26,857 (-11.4%), from €234,785 to €207,928
mainly Contributions, distributions and other (-€192,324) and Trade debts (-€76,594)
- Current investments +€25,000
up €25,000 (+33.3%), from €75,150 to €100,150
- Tangible fixed assets +€21,160
up €21,160 (+7.6%), from €278,434 to €299,594
of which Plant, machinery and equipment: +€21,558
- Other debts +€194,259
up €194,259 (+2,951%), from €6,583 to €200,842
- Trade debts -€76,594
down €76,594 (-17.3%), from €442,909 to €366,315
- Reserves -€74,993
down €74,993 (-13.6%), from €553,369 to €478,377
of which Distributable reserves: -€74,993
- Current portion of long-term debt -€37,500
down €37,500 (-73.8%), from €50,833 to €13,333
- Debts after one year -€13,333
down €13,333 (-13.0%), from €102,222 to €88,888
- Gross operating margin +€25,434
up €25,434 (+13.5%), from €188,134 to €213,568
- Taxes +€6,517
up €6,517 (+16.0%), from €40,757 to €47,274
- Financial income +€3,697
up €3,697 (+495%), from €747 to €4,444
- Financial charges +€2,875
up €2,875 (+153%), from €1,879 to €4,754
- Depreciation +€2,658
up €2,658 (+6.4%), from €41,300 to €43,958
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,188,767 | €1,171,459 | -€17,308 | -1.5% |
| Fixed assets | 21/28 | €279,530 | €299,727 | +€20,196 | +7.2% |
| Intangible fixed assets | 21 | €1,097 | €133 | -€964 | -87.9% |
| Tangible fixed assets | 22/27 | €278,434 | €299,594 | +€21,160 | +7.6% |
| Land and buildings | 22 | €206,742 | €197,013 | -€9,729 | -4.7% |
| Plant, machinery and equipment | 23 | €20,677 | €42,235 | +€21,558 | +104% |
| Furniture and vehicles | 24 | €51,015 | €60,346 | +€9,331 | +18.3% |
| Current assets | 29/58 | €909,237 | €871,732 | -€37,505 | -4.1% |
| Stocks and contracts in progress | 3 | €173,907 | €229,467 | +€55,559 | +31.9% |
| Stocks | 30/36 | €173,907 | €229,467 | +€55,559 | +31.9% |
| Amounts receivable within one year | 40/41 | €425,394 | €334,187 | -€91,207 | -21.4% |
| Trade receivables | 40 | €417,457 | €315,273 | -€102,184 | -24.5% |
| Other amounts receivable | 41 | €7,937 | €18,914 | +€10,977 | +138% |
| Current investments | 50/53 | €75,150 | €100,150 | +€25,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €234,785 | €207,928 | -€26,857 | -11.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,188,767 | €1,171,459 | -€17,308 | -1.5% |
| Equity | 10/15 | €563,369 | €488,377 | -€74,993 | -13.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €553,369 | €478,377 | -€74,993 | -13.6% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €550,869 | €475,877 | -€74,993 | -13.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €625,398 | €683,082 | +€57,684 | +9.2% |
| Amounts payable after more than one year | 17 | €102,222 | €88,888 | -€13,333 | -13.0% |
| Financial debts | 170/4 | €102,222 | €88,888 | -€13,333 | -13.0% |
| Amounts payable within one year | 42/48 | €522,242 | €593,552 | +€71,309 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €50,833 | €13,333 | -€37,500 | -73.8% |
| Trade debts | 44 | €442,909 | €366,315 | -€76,594 | -17.3% |
| Suppliers | 440/4 | €442,909 | €366,315 | -€76,594 | -17.3% |
| Taxes, remuneration and social security | 45 | €21,917 | €13,061 | -€8,856 | -40.4% |
| Taxes | 450/3 | €21,917 | €10,049 | -€11,868 | -54.1% |
| Remuneration and social security | 454/9 | - | €3,012 | +€3,012 | |
| Other amounts payable | 47/48 | €6,583 | €200,842 | +€194,259 | +2,951% |
| Accrued charges and deferred income | 492/3 | €934 | €642 | -€292 | -31.2% |
| Remuneration, social security and pensions | 62 | - | €875 | +€875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,300 | €43,958 | +€2,658 | +6.4% |
| Other operating charges | 640/8 | €3,691 | €3,820 | +€129 | +3.5% |
| Gross operating margin | 9900 | €188,134 | €213,568 | +€25,434 | +13.5% |
| Operating profit (loss) | 9901 | €143,143 | €164,916 | +€21,773 | +15.2% |
| Financial income | 75/76B | €747 | €4,444 | +€3,697 | +495% |
| Recurring financial income | 75 | €747 | €4,444 | +€3,697 | +495% |
| Financial charges | 65/66B | €1,879 | €4,754 | +€2,875 | +153% |
| Recurring financial charges | 65 | €1,879 | €4,754 | +€2,875 | +153% |
| Profit (loss) for the period before taxes | 9903 | €142,011 | €164,605 | +€22,595 | +15.9% |
| Income taxes | 67/77 | €40,757 | €47,274 | +€6,517 | +16.0% |
| Profit (loss) for the period | 9904 | €101,254 | €117,331 | +€16,078 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,254 | €117,331 | +€16,078 | +15.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.