GROON: 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.
GROON
Largest movements
- Tangible fixed assets -€78,561
down €78,561 (-4.7%), from €1.7m to €1.6m
of which Land and buildings: -€70,389
- Cash +€28,252
up €28,252 (+235.1%), from €12,017 to €40,269
mainly Depreciation (+€85,730) and Contributions, distributions and other (+€23,731)
- Reserves -€26,278
down €26,278 (-3.0%), from €877,974 to €851,696
of which Tax-exempt reserves: -€26,278
- Provisions -€23,731
down €23,731 (-9.9%), from €239,807 to €216,076
- Gross operating margin +€19,189
up €19,189 (+67.5%), from €28,427 to €47,616
- Turnover +€17,158
up €17,158 (+26.4%), from €64,914 to €82,072
- Depreciation +€13,386
up €13,386 (+18.5%), from €72,344 to €85,730
- Financial income -€5,335
down €5,335 (-94.9%), from €5,621 to €286
- Taxes +€4,009
up €4,009, from -€1,917 to €2,092
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 | €1,698,955 | €1,645,362 | -€53,593 | -3.2% |
| Fixed assets | 21/28 | €1,682,487 | €1,603,926 | -€78,561 | -4.7% |
| Tangible fixed assets | 22/27 | €1,682,487 | €1,603,926 | -€78,561 | -4.7% |
| Land and buildings | 22 | €1,666,606 | €1,596,217 | -€70,389 | -4.2% |
| Plant, machinery and equipment | 23 | €3,560 | €2,580 | -€980 | -27.5% |
| Furniture and vehicles | 24 | €12,321 | €5,129 | -€7,192 | -58.4% |
| Current assets | 29/58 | €16,468 | €41,436 | +€24,968 | +151.6% |
| Amounts receivable within one year | 40/41 | €4,451 | €1,167 | -€3,284 | -73.8% |
| Trade receivables | 40 | €27 | €4 | -€23 | -85.2% |
| Other amounts receivable | 41 | €4,424 | €1,163 | -€3,261 | -73.7% |
| Cash at bank and in hand | 54/58 | €12,017 | €40,269 | +€28,252 | +235.1% |
| Total equity and liabilities | 10/49 | €1,698,955 | €1,645,362 | -€53,593 | -3.2% |
| Equity | 10/15 | €1,311,079 | €1,286,676 | -€24,403 | -1.9% |
| Contributions | 10/11 | €444,475 | €444,475 | = | 0.0% |
| Capital | 10 | - | €444,475 | +€444,475 | |
| Issued capital | 100 | - | €444,475 | +€444,475 | |
| Reserves | 13 | €877,974 | €851,696 | -€26,278 | -3.0% |
| Non-distributable reserves | 130/1 | €49,983 | €49,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,377 | €18,377 | = | 0.0% |
| Other | 1319 | €31,606 | €31,606 | = | 0.0% |
| Tax-exempt reserves | 132 | €652,991 | €626,713 | -€26,278 | -4.0% |
| Distributable reserves | 133 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,370 | -€9,495 | +€1,875 | +16.5% |
| Provisions and deferred taxes | 16 | €239,807 | €216,076 | -€23,731 | -9.9% |
| Deferred taxes | 168 | €239,807 | €216,076 | -€23,731 | -9.9% |
| Amounts payable | 17/49 | €148,069 | €142,610 | -€5,459 | -3.7% |
| Amounts payable after more than one year | 17 | €20,000 | €14,583 | -€5,417 | -27.1% |
| Financial debts | 170/4 | €20,000 | €14,583 | -€5,417 | -27.1% |
| Amounts payable within one year | 42/48 | €127,694 | €127,545 | -€149 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €4,583 | €5,000 | +€417 | +9.1% |
| Trade debts | 44 | €2,594 | €602 | -€1,992 | -76.8% |
| Suppliers | 440/4 | €2,594 | €602 | -€1,992 | -76.8% |
| Advances received on contracts in progress | 46 | €925 | €1,413 | +€488 | +52.8% |
| Other amounts payable | 47/48 | €119,592 | €120,530 | +€938 | +0.8% |
| Accrued charges and deferred income | 492/3 | €375 | €482 | +€107 | +28.5% |
| Turnover | 70 | €64,914 | €82,072 | +€17,158 | +26.4% |
| Non-recurring operating income | 76A | €1,812 | - | -€1,812 | |
| Goods, raw materials, services and sundry goods | 60/61 | €38,300 | €34,456 | -€3,844 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,344 | €85,730 | +€13,386 | +18.5% |
| Other operating charges | 640/8 | €4,958 | €7,248 | +€2,290 | +46.2% |
| Gross operating margin | 9900 | €28,427 | €47,616 | +€19,189 | +67.5% |
| Operating profit (loss) | 9901 | -€48,875 | -€45,362 | +€3,513 | +7.2% |
| Financial income | 75/76B | €5,621 | €286 | -€5,335 | -94.9% |
| Recurring financial income | 75 | €5,621 | €286 | -€5,335 | -94.9% |
| Financial charges | 65/66B | €472 | €966 | +€494 | +104.7% |
| Recurring financial charges | 65 | €472 | €966 | +€494 | +104.7% |
| Profit (loss) for the period before taxes | 9903 | -€43,726 | -€46,042 | -€2,316 | -5.3% |
| Transfer from deferred taxes | 780 | €11,342 | - | -€11,342 | |
| Income taxes | 67/77 | -€1,917 | €2,092 | +€4,009 | |
| Profit (loss) for the period | 9904 | -€30,467 | -€48,134 | -€17,667 | -58.0% |
| Transfer from tax-exempt reserves | 789 | €33,135 | €50,009 | +€16,874 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,668 | €1,875 | -€793 | -29.7% |
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 7 October 2026 via checked.be.