GROOT VLAENDEREN: 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.
GROOT VLAENDEREN
Largest movements
- Receivables within one year +€20,747
up €20,747 (+558%), from €3,721 to €24,468
of which Trade receivables: +€19,556
- Tangible fixed assets -€8,481
down €8,481 (-29.4%), from €28,800 to €20,319
of which Plant, machinery and equipment: -€7,116
- Stocks and contracts -€7,434
down €7,434 (-27.5%), from €27,076 to €19,642
- Cash -€4,921
down €4,921 (-7.3%), from €67,853 to €62,932
mainly Receivables within one year (-€20,747) and Debts after one year (-€6,544)
- Tax, wage and social debts +€7,494
up €7,494 (+151%), from €4,968 to €12,462
of which Taxes: +€8,009
- Debts after one year -€6,544
down €6,544 (-79.9%), from €8,193 to €1,649
- Trade debts -€6,528
down €6,528 (-57.6%), from €11,338 to €4,810
- Other debts +€4,457
up €4,457 (+13.5%), from €33,076 to €37,533
- Gross operating margin +€27,344
up €27,344 (+28.6%), from €95,685 to €123,030
- Staff costs +€2,224
up €2,224 (+2.3%), from €98,823 to €101,046
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 | €129,324 | €129,324 | -€0 | 0.0% |
| Fixed assets | 21/28 | €29,385 | €20,904 | -€8,481 | -28.9% |
| Tangible fixed assets | 22/27 | €28,800 | €20,319 | -€8,481 | -29.4% |
| Land and buildings | 22 | €2,638 | €3,469 | +€831 | +31.5% |
| Plant, machinery and equipment | 23 | €19,878 | €12,762 | -€7,116 | -35.8% |
| Furniture and vehicles | 24 | €6,284 | €4,088 | -€2,196 | -34.9% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €99,938 | €108,419 | +€8,481 | +8.5% |
| Stocks and contracts in progress | 3 | €27,076 | €19,642 | -€7,434 | -27.5% |
| Stocks | 30/36 | €27,076 | €19,642 | -€7,434 | -27.5% |
| Amounts receivable within one year | 40/41 | €3,721 | €24,468 | +€20,747 | +558% |
| Trade receivables | 40 | €671 | €20,227 | +€19,556 | +2,915% |
| Other amounts receivable | 41 | €3,050 | €4,242 | +€1,192 | +39.1% |
| Cash at bank and in hand | 54/58 | €67,853 | €62,932 | -€4,921 | -7.3% |
| Deferred charges and accrued income | 490/1 | €1,288 | €1,376 | +€89 | +6.9% |
| Total equity and liabilities | 10/49 | €129,324 | €129,324 | -€0 | 0.0% |
| Equity | 10/15 | €64,398 | €65,632 | +€1,234 | +1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,998 | €53,232 | +€1,234 | +2.4% |
| Distributable reserves | 133 | €51,998 | €53,232 | +€1,234 | +2.4% |
| Amounts payable | 17/49 | €64,925 | €63,692 | -€1,234 | -1.9% |
| Amounts payable after more than one year | 17 | €8,193 | €1,649 | -€6,544 | -79.9% |
| Financial debts | 170/4 | €8,193 | €1,649 | -€6,544 | -79.9% |
| Amounts payable within one year | 42/48 | €56,468 | €61,974 | +€5,506 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €6,461 | €6,544 | +€83 | +1.3% |
| Financial debts | 43 | €625 | €625 | = | 0.0% |
| Credit institutions | 430/8 | €625 | €625 | = | 0.0% |
| Trade debts | 44 | €11,338 | €4,810 | -€6,528 | -57.6% |
| Suppliers | 440/4 | €11,338 | €4,810 | -€6,528 | -57.6% |
| Taxes, remuneration and social security | 45 | €4,968 | €12,462 | +€7,494 | +151% |
| Taxes | 450/3 | €4,454 | €12,462 | +€8,009 | +180% |
| Remuneration and social security | 454/9 | €515 | - | -€515 | |
| Other amounts payable | 47/48 | €33,076 | €37,533 | +€4,457 | +13.5% |
| Accrued charges and deferred income | 492/3 | €265 | €69 | -€196 | -74.0% |
| Remuneration, social security and pensions | 62 | €98,823 | €101,046 | +€2,224 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,085 | €12,224 | +€1,139 | +10.3% |
| Other operating charges | 640/8 | €4,502 | €3,931 | -€571 | -12.7% |
| Gross operating margin | 9900 | €95,685 | €123,030 | +€27,344 | +28.6% |
| Operating profit (loss) | 9901 | -€18,724 | €5,828 | +€24,552 | |
| Financial income | 75/76B | €70 | €94 | +€24 | +34.3% |
| Recurring financial income | 75 | €70 | €94 | +€24 | +34.3% |
| Financial charges | 65/66B | €4,217 | €4,688 | +€471 | +11.2% |
| Recurring financial charges | 65 | €4,217 | €4,688 | +€471 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,871 | €1,234 | +€24,105 | |
| Profit (loss) for the period | 9904 | -€22,871 | €1,234 | +€24,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,871 | €1,234 | +€24,105 |
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 23 October 2026 via checked.be.