Grojac: 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.
Grojac
Largest movements
- Cash +€19,013
up €19,013 (+21.5%), from €88,265 to €107,278
mainly Net result for the year (+€60,435) and Other debts (+€41,741)
- Receivables within one year +€18,860
up €18,860 (+1170.7%), from €1,611 to €20,471
of which Trade receivables: +€18,150
- Tangible fixed assets -€3,890
down €3,890 (-19.6%), from €19,872 to €15,982
of which Plant, machinery and equipment: -€1,981
- Other debts +€41,741
up €41,741 (+144.1%), from €28,959 to €70,700
- Reserves -€14,565
down €14,565 (-19.2%), from €75,794 to €61,229
- Tax, wage and social debts +€6,915
up €6,915 (+408.7%), from €1,692 to €8,606
- Taxes +€3,903
up €3,903 (+30.8%), from €12,669 to €16,572
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 | €114,838 | €148,995 | +€34,157 | +29.7% |
| Fixed assets | 21/28 | €19,872 | €15,982 | -€3,890 | -19.6% |
| Tangible fixed assets | 22/27 | €19,872 | €15,982 | -€3,890 | -19.6% |
| Plant, machinery and equipment | 23 | €12,398 | €10,416 | -€1,981 | -16.0% |
| Furniture and vehicles | 24 | €7,474 | €5,566 | -€1,908 | -25.5% |
| Current assets | 29/58 | €94,966 | €133,013 | +€38,047 | +40.1% |
| Amounts receivable within one year | 40/41 | €1,611 | €20,471 | +€18,860 | +1170.7% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €1,611 | €2,321 | +€710 | +44.1% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,265 | €107,278 | +€19,013 | +21.5% |
| Deferred charges and accrued income | 490/1 | €4,840 | €5,014 | +€173 | +3.6% |
| Total equity and liabilities | 10/49 | €114,838 | €148,995 | +€34,157 | +29.7% |
| Equity | 10/15 | €80,794 | €66,229 | -€14,565 | -18.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,794 | €61,229 | -€14,565 | -19.2% |
| Distributable reserves | 133 | €75,794 | €61,229 | -€14,565 | -19.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,044 | €82,766 | +€48,722 | +143.1% |
| Amounts payable within one year | 42/48 | €34,044 | €82,766 | +€48,722 | +143.1% |
| Financial debts | 43 | €1,547 | €1,421 | -€127 | -8.2% |
| Credit institutions | 430/8 | €1,547 | €1,421 | -€127 | -8.2% |
| Trade debts | 44 | €1,846 | €2,039 | +€193 | +10.5% |
| Suppliers | 440/4 | €1,846 | €2,039 | +€193 | +10.5% |
| Taxes, remuneration and social security | 45 | €1,692 | €8,606 | +€6,915 | +408.7% |
| Taxes | 450/3 | €1,692 | €8,606 | +€6,915 | +408.7% |
| Other amounts payable | 47/48 | €28,959 | €70,700 | +€41,741 | +144.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,437 | €4,964 | +€527 | +11.9% |
| Other operating charges | 640/8 | €664 | €682 | +€18 | +2.8% |
| Gross operating margin | 9900 | €84,437 | €84,626 | +€189 | +0.2% |
| Operating profit (loss) | 9901 | €79,336 | €78,979 | -€357 | -0.4% |
| Financial income | 75/76B | €132 | €0 | -€132 | -100.0% |
| Recurring financial income | 75 | €132 | €0 | -€132 | -100.0% |
| Financial charges | 65/66B | €2,353 | €1,973 | -€380 | -16.2% |
| Recurring financial charges | 65 | €2,353 | €1,973 | -€380 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €77,115 | €77,007 | -€108 | -0.1% |
| Income taxes | 67/77 | €12,669 | €16,572 | +€3,903 | +30.8% |
| Profit (loss) for the period | 9904 | €64,446 | €60,435 | -€4,011 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,446 | €60,435 | -€4,011 | -6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.