GRONICO: 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.
GRONICO
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Cash -€171,503
down €171,503 (-62.7%), from €273,548 to €102,045
mainly Current investments (-€180,000) and Advances received (-€17,185)
- Stocks and contracts -€14,162
down €14,162 (-63.8%), from €22,196 to €8,034
- Tangible fixed assets -€6,645
down €6,645 (-10.2%), from €65,430 to €58,784
of which Furniture and vehicles: -€5,908
- Receivables within one year -€6,484
down €6,484 (-6.1%), from €105,778 to €99,293
of which Trade receivables: -€7,149
- Advances received -€17,185
down €17,185 (-100%), from €17,185 to €0
- Tax, wage and social debts +€10,396
up €10,396 (+32.2%), from €32,295 to €42,691
of which Taxes: +€9,306
- Reserves -€6,375
down €6,375 (-1.7%), from €385,612 to €379,237
- Gross operating margin -€13,120
down €13,120 (-12.1%), from €108,446 to €95,326
- Other operating charges -€3,636
down €3,636 (-23.3%), from €15,585 to €11,949
- Write-downs +€2,041
new in 2025: €2,041
- Financial income -€1,976
down €1,976 (-51.7%), from €3,823 to €1,847
- Staff costs +€1,538
up €1,538 (+1.9%), from €80,480 to €82,019
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 | €467,174 | €448,157 | -€19,017 | -4.1% |
| Fixed assets | 21/28 | €65,430 | €58,784 | -€6,645 | -10.2% |
| Tangible fixed assets | 22/27 | €65,430 | €58,784 | -€6,645 | -10.2% |
| Land and buildings | 22 | €49,356 | €49,356 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,512 | €1,774 | -€738 | -29.4% |
| Furniture and vehicles | 24 | €13,563 | €7,655 | -€5,908 | -43.6% |
| Current assets | 29/58 | €401,744 | €389,372 | -€12,372 | -3.1% |
| Stocks and contracts in progress | 3 | €22,196 | €8,034 | -€14,162 | -63.8% |
| Stocks | 30/36 | €22,196 | €8,034 | -€14,162 | -63.8% |
| Amounts receivable within one year | 40/41 | €105,778 | €99,293 | -€6,484 | -6.1% |
| Trade receivables | 40 | €104,136 | €96,988 | -€7,149 | -6.9% |
| Other amounts receivable | 41 | €1,641 | €2,306 | +€665 | +40.5% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €273,548 | €102,045 | -€171,503 | -62.7% |
| Deferred charges and accrued income | 490/1 | €222 | €0 | -€222 | -100% |
| Total equity and liabilities | 10/49 | €467,174 | €448,157 | -€19,017 | -4.1% |
| Equity | 10/15 | €404,612 | €398,237 | -€6,375 | -1.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €385,612 | €379,237 | -€6,375 | -1.7% |
| Distributable reserves | 133 | €385,612 | €379,237 | -€6,375 | -1.7% |
| Amounts payable | 17/49 | €62,562 | €49,920 | -€12,642 | -20.2% |
| Amounts payable within one year | 42/48 | €61,562 | €48,920 | -€12,642 | -20.5% |
| Trade debts | 44 | €10,219 | €6,229 | -€3,990 | -39.0% |
| Suppliers | 440/4 | €10,219 | €6,229 | -€3,990 | -39.0% |
| Advances received on contracts in progress | 46 | €17,185 | €0 | -€17,185 | -100% |
| Taxes, remuneration and social security | 45 | €32,295 | €42,691 | +€10,396 | +32.2% |
| Taxes | 450/3 | €23,148 | €32,454 | +€9,306 | +40.2% |
| Remuneration and social security | 454/9 | €9,147 | €10,237 | +€1,090 | +11.9% |
| Other amounts payable | 47/48 | €1,863 | €0 | -€1,863 | -100% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €80,480 | €82,019 | +€1,538 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,309 | €6,645 | +€1,337 | +25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,041 | +€2,041 | |
| Other operating charges | 640/8 | €15,585 | €11,949 | -€3,636 | -23.3% |
| Gross operating margin | 9900 | €108,446 | €95,326 | -€13,120 | -12.1% |
| Operating profit (loss) | 9901 | €7,073 | -€7,327 | -€14,400 | |
| Financial income | 75/76B | €3,823 | €1,847 | -€1,976 | -51.7% |
| Recurring financial income | 75 | €3,823 | €1,847 | -€1,976 | -51.7% |
| Financial charges | 65/66B | €336 | €621 | +€285 | +84.8% |
| Recurring financial charges | 65 | €336 | €621 | +€285 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €10,560 | -€6,101 | -€16,661 | |
| Income taxes | 67/77 | €261 | €274 | +€12 | +4.7% |
| Profit (loss) for the period | 9904 | €10,299 | -€6,375 | -€16,674 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,299 | -€6,375 | -€16,674 |
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 22 October 2026 via checked.be.