Grofin: what changed
Two fiscal 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.
Grofin
Largest movements
- Tangible fixed assets -€31,166
down €31,166 (-97.2%), from €32,071 to €905
of which Furniture and vehicles: -€30,826
- Cash +€15,653
up €15,653 (+117.8%), from €13,282 to €28,935
mainly Investment in fixed assets (net) (+€30,826) and Receivables within one year (+€5,785)
- Receivables within one year -€5,785
down €5,785 (-92.6%), from €6,250 to €466
of which Other amounts receivable: -€3,020
- Other debts -€16,500
down €16,500 (-100.0%), from €16,500 to €0
- Reserves -€4,826
down €4,826 (-29.4%), from €16,407 to €11,581
- Gross operating margin -€26,334
down €26,334, from €24,591 to -€1,742
- Depreciation -€8,797
down €8,797 (-96.3%), from €9,137 to €340
- Taxes -€3,373
down €3,373 (-100.0%), from €3,373 to €0
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.
Cash bridge derived
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 | €51,604 | €30,306 | -€21,298 | -41.3% |
| Fixed assets | 21/28 | €32,071 | €905 | -€31,166 | -97.2% |
| Tangible fixed assets | 22/27 | €32,071 | €905 | -€31,166 | -97.2% |
| Plant, machinery and equipment | 23 | €1,245 | €905 | -€340 | -27.3% |
| Furniture and vehicles | 24 | €30,826 | €0 | -€30,826 | -100.0% |
| Current assets | 29/58 | €19,532 | €29,401 | +€9,868 | +50.5% |
| Amounts receivable within one year | 40/41 | €6,250 | €466 | -€5,785 | -92.6% |
| Trade receivables | 40 | €2,890 | €125 | -€2,765 | -95.7% |
| Other amounts receivable | 41 | €3,360 | €340 | -€3,020 | -89.9% |
| Cash at bank and in hand | 54/58 | €13,282 | €28,935 | +€15,653 | +117.8% |
| Total equity and liabilities | 10/49 | €51,604 | €30,306 | -€21,298 | -41.3% |
| Equity | 10/15 | €35,007 | €30,181 | -€4,826 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,407 | €11,581 | -€4,826 | -29.4% |
| Distributable reserves | 133 | €16,407 | €11,581 | -€4,826 | -29.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,596 | €125 | -€16,471 | -99.2% |
| Amounts payable within one year | 42/48 | €16,596 | €125 | -€16,471 | -99.2% |
| Trade debts | 44 | €96 | €125 | +€29 | +29.7% |
| Suppliers | 440/4 | €96 | €125 | +€29 | +29.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,500 | €0 | -€16,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,137 | €340 | -€8,797 | -96.3% |
| Other operating charges | 640/8 | €581 | €585 | +€4 | +0.7% |
| Non-recurring operating charges | 66A | - | €2,087 | +€2,087 | |
| Gross operating margin | 9900 | €24,591 | -€1,742 | -€26,334 | |
| Operating profit (loss) | 9901 | €14,873 | -€4,754 | -€19,627 | |
| Financial charges | 65/66B | €70 | €72 | +€2 | +2.9% |
| Recurring financial charges | 65 | €70 | €72 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €14,803 | -€4,826 | -€19,629 | |
| Income taxes | 67/77 | €3,373 | €0 | -€3,373 | -100.0% |
| Profit (loss) for the period | 9904 | €11,430 | -€4,826 | -€16,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,430 | -€4,826 | -€16,256 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.