GroGo: 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.
GroGo
Largest movements
- Receivables within one year -€8,479
down €8,479 (-30.7%), from €27,662 to €19,183
of which Trade receivables: -€6,875
- Tangible fixed assets -€4,732
down €4,732 (-32.5%), from €14,558 to €9,826
of which Furniture and vehicles: -€4,625
- Trade debts -€21,130
down €21,130 (-31.5%), from €67,060 to €45,930
- Debts after one year -€12,333
no longer reported in 2025 (was €12,333)
- Other debts +€11,349
up €11,349 (+19.0%), from €59,845 to €71,194
- Current portion of long-term debt +€5,656
up €5,656 (+488.1%), from €1,159 to €6,815
- Tax, wage and social debts +€2,983
up €2,983 (+92.6%), from €3,223 to €6,205
of which Taxes: +€2,332
- Gross operating margin +€8,054
up €8,054 (+39.7%), from €20,307 to €28,361
- Staff costs +€3,503
up €3,503 (+30.3%), from €11,577 to €15,080
- Other operating charges +€2,351
up €2,351 (+48.0%), from €4,902 to €7,252
- Depreciation +€2,313
up €2,313 (+95.6%), from €2,419 to €4,732
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.
Cash bridge derived
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 | €152,020 | €138,721 | -€13,299 | -8.7% |
| Fixed assets | 21/28 | €14,558 | €9,826 | -€4,732 | -32.5% |
| Tangible fixed assets | 22/27 | €14,558 | €9,826 | -€4,732 | -32.5% |
| Plant, machinery and equipment | 23 | €426 | €319 | -€107 | -25.0% |
| Furniture and vehicles | 24 | €14,132 | €9,507 | -€4,625 | -32.7% |
| Current assets | 29/58 | €137,462 | €128,895 | -€8,568 | -6.2% |
| Stocks and contracts in progress | 3 | €107,574 | €107,373 | -€201 | -0.2% |
| Stocks | 30/36 | €107,574 | €107,373 | -€201 | -0.2% |
| Amounts receivable within one year | 40/41 | €27,662 | €19,183 | -€8,479 | -30.7% |
| Trade receivables | 40 | €26,011 | €19,135 | -€6,875 | -26.4% |
| Other amounts receivable | 41 | €1,651 | €48 | -€1,604 | -97.1% |
| Cash at bank and in hand | 54/58 | €2,226 | €2,338 | +€112 | +5.0% |
| Total equity and liabilities | 10/49 | €152,020 | €138,721 | -€13,299 | -8.7% |
| Equity | 10/15 | €8,401 | €8,577 | +€176 | +2.1% |
| Reserves | 13 | €8,401 | €8,577 | +€176 | +2.1% |
| Distributable reserves | 133 | €8,401 | €8,577 | +€176 | +2.1% |
| Amounts payable | 17/49 | €143,619 | €130,144 | -€13,475 | -9.4% |
| Amounts payable after more than one year | 17 | €12,333 | - | -€12,333 | |
| Financial debts | 170/4 | €12,333 | - | -€12,333 | |
| Amounts payable within one year | 42/48 | €131,286 | €130,144 | -€1,142 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €1,159 | €6,815 | +€5,656 | +488.1% |
| Trade debts | 44 | €67,060 | €45,930 | -€21,130 | -31.5% |
| Suppliers | 440/4 | €67,060 | €45,930 | -€21,130 | -31.5% |
| Taxes, remuneration and social security | 45 | €3,223 | €6,205 | +€2,983 | +92.6% |
| Taxes | 450/3 | €1,640 | €3,971 | +€2,332 | +142.2% |
| Remuneration and social security | 454/9 | €1,583 | €2,234 | +€651 | +41.1% |
| Other amounts payable | 47/48 | €59,845 | €71,194 | +€11,349 | +19.0% |
| Remuneration, social security and pensions | 62 | €11,577 | €15,080 | +€3,503 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,419 | €4,732 | +€2,313 | +95.6% |
| Other operating charges | 640/8 | €4,902 | €7,252 | +€2,351 | +48.0% |
| Gross operating margin | 9900 | €20,307 | €28,361 | +€8,054 | +39.7% |
| Operating profit (loss) | 9901 | €1,409 | €1,297 | -€112 | -7.9% |
| Financial charges | 65/66B | €519 | €269 | -€250 | -48.1% |
| Recurring financial charges | 65 | €519 | €269 | -€250 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €889 | €1,028 | +€138 | +15.6% |
| Income taxes | 67/77 | - | €201 | +€201 | |
| Profit (loss) for the period | 9904 | €889 | €827 | -€62 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €889 | €827 | -€62 | -7.0% |
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 10 October 2026 via checked.be.