GROM: 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.
GROM
Largest movements
- Tangible fixed assets +€288,443
up €288,443 (+18.3%), from €1.6m to €1.9m
of which Land and buildings: +€320,670
- Stocks and contracts +€186,789
up €186,789 (+16.0%), from €1.2m to €1.4m
of which Stocks: +€186,913
- Receivables within one year -€90,160
down €90,160 (-66.5%), from €135,596 to €45,435
of which Trade receivables: -€46,506
- Cash +€52,911
up €52,911 (+41.4%), from €127,716 to €180,627
mainly Accrued charges and deferred income (+€298,199) and Debts after one year (+€285,702)
- Accrued charges and deferred income +€298,199
up €298,199 (+3,096%), from €9,633 to €307,832
- Debts after one year +€285,702
up €285,702 (+18.6%), from €1.5m to €1.8m
of which Financial debts: +€364,505
- Short-term financial debts -€106,492
down €106,492 (-23.6%), from €450,492 to €344,000
- Other debts -€96,298
down €96,298 (-20.4%), from €471,430 to €375,132
- Tax, wage and social debts +€60,356
up €60,356 (+135%), from €44,669 to €105,025
of which Taxes: +€60,085
- Gross operating margin +€86,968
up €86,968 (+23.0%), from €377,923 to €464,891
- Financial charges +€45,801
up €45,801 (+50.5%), from €90,709 to €136,511
- Depreciation +€21,857
up €21,857 (+25.5%), from €85,578 to €107,435
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 | €3,009,186 | €3,463,285 | +€454,099 | +15.1% |
| Fixed assets | 21/28 | €1,573,939 | €1,862,381 | +€288,443 | +18.3% |
| Tangible fixed assets | 22/27 | €1,573,939 | €1,862,381 | +€288,443 | +18.3% |
| Land and buildings | 22 | €1,463,826 | €1,784,496 | +€320,670 | +21.9% |
| Plant, machinery and equipment | 23 | €3,536 | €2,636 | -€900 | -25.5% |
| Furniture and vehicles | 24 | €106,577 | €75,250 | -€31,327 | -29.4% |
| Current assets | 29/58 | €1,435,247 | €1,600,904 | +€165,656 | +11.5% |
| Stocks and contracts in progress | 3 | €1,165,912 | €1,352,701 | +€186,789 | +16.0% |
| Stocks | 30/36 | €1,155,706 | €1,342,619 | +€186,913 | +16.2% |
| Contracts in progress | 37 | €10,206 | €10,082 | -€124 | -1.2% |
| Amounts receivable within one year | 40/41 | €135,596 | €45,435 | -€90,160 | -66.5% |
| Trade receivables | 40 | €89,191 | €42,684 | -€46,506 | -52.1% |
| Other amounts receivable | 41 | €46,405 | €2,751 | -€43,654 | -94.1% |
| Cash at bank and in hand | 54/58 | €127,716 | €180,627 | +€52,911 | +41.4% |
| Deferred charges and accrued income | 490/1 | €6,023 | €22,140 | +€16,116 | +268% |
| Total equity and liabilities | 10/49 | €3,009,186 | €3,463,285 | +€454,099 | +15.1% |
| Equity | 10/15 | €388,303 | €361,521 | -€26,781 | -6.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €288,303 | €261,521 | -€26,781 | -9.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €278,303 | €251,521 | -€26,781 | -9.6% |
| Amounts payable | 17/49 | €2,620,883 | €3,101,764 | +€480,881 | +18.3% |
| Amounts payable after more than one year | 17 | €1,537,259 | €1,822,962 | +€285,702 | +18.6% |
| Financial debts | 170/4 | €1,309,259 | €1,673,764 | +€364,505 | +27.8% |
| Other amounts payable | 178/9 | €228,000 | €149,197 | -€78,803 | -34.6% |
| Amounts payable within one year | 42/48 | €1,073,991 | €970,970 | -€103,021 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €103,390 | €140,171 | +€36,781 | +35.6% |
| Financial debts | 43 | €450,492 | €344,000 | -€106,492 | -23.6% |
| Credit institutions | 430/8 | €450,492 | €344,000 | -€106,492 | -23.6% |
| Trade debts | 44 | €4,011 | €6,641 | +€2,631 | +65.6% |
| Suppliers | 440/4 | €4,011 | €6,641 | +€2,631 | +65.6% |
| Taxes, remuneration and social security | 45 | €44,669 | €105,025 | +€60,356 | +135% |
| Taxes | 450/3 | €35,894 | €95,979 | +€60,085 | +167% |
| Remuneration and social security | 454/9 | €8,775 | €9,046 | +€272 | +3.1% |
| Other amounts payable | 47/48 | €471,430 | €375,132 | -€96,298 | -20.4% |
| Accrued charges and deferred income | 492/3 | €9,633 | €307,832 | +€298,199 | +3,096% |
| Remuneration, social security and pensions | 62 | €174,191 | €169,953 | -€4,238 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,578 | €107,435 | +€21,857 | +25.5% |
| Other operating charges | 640/8 | €4,160 | €5,378 | +€1,218 | +29.3% |
| Gross operating margin | 9900 | €377,923 | €464,891 | +€86,968 | +23.0% |
| Operating profit (loss) | 9901 | €113,994 | €182,125 | +€68,131 | +59.8% |
| Financial income | 75/76B | €52 | €53 | +€1 | +1.4% |
| Recurring financial income | 75 | €52 | €53 | +€1 | +1.4% |
| Financial charges | 65/66B | €90,709 | €136,511 | +€45,801 | +50.5% |
| Recurring financial charges | 65 | €90,709 | €136,511 | +€45,801 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €23,337 | €45,667 | +€22,330 | +95.7% |
| Income taxes | 67/77 | €3,795 | €7,449 | +€3,654 | +96.3% |
| Profit (loss) for the period | 9904 | €19,542 | €38,219 | +€18,677 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,542 | €38,219 | +€18,677 | +95.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.