GROOT VOLLANDER: 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 VOLLANDER
Largest movements
- Receivables within one year +€65,744
up €65,744 (+48.0%), from €137,027 to €202,771
of which Trade receivables: +€63,102
- Tangible fixed assets -€7,228
down €7,228 (-39.7%), from €18,225 to €10,997
of which Other tangible fixed assets: -€3,622
- Other debts +€220,020
up €220,020 (+2,409%), from €9,134 to €229,153
- Reserves -€161,175
down €161,175 (-100%), from €161,175 to €0
- Tax, wage and social debts +€6,924
up €6,924 (+143%), from €4,838 to €11,762
of which Taxes: +€6,932
- Debts after one year -€5,139
down €5,139 (-6.4%), from €80,139 to €75,000
- Gross operating margin +€14,617
up €14,617 (+23.7%), from €61,611 to €76,228
- Taxes +€5,153
up €5,153 (+47.1%), from €10,940 to €16,093
- Financial income +€1,140
up €1,140 (+386%), from €295 to €1,435
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 | €274,376 | €332,189 | +€57,813 | +21.1% |
| Fixed assets | 21/28 | €32,782 | €23,998 | -€8,784 | -26.8% |
| Intangible fixed assets | 21 | €4,557 | €3,001 | -€1,556 | -34.1% |
| Tangible fixed assets | 22/27 | €18,225 | €10,997 | -€7,228 | -39.7% |
| Plant, machinery and equipment | 23 | €3,836 | €2,709 | -€1,127 | -29.4% |
| Furniture and vehicles | 24 | €4,493 | €2,014 | -€2,479 | -55.2% |
| Other tangible fixed assets | 26 | €9,896 | €6,274 | -€3,622 | -36.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €241,594 | €308,190 | +€66,596 | +27.6% |
| Amounts receivable within one year | 40/41 | €137,027 | €202,771 | +€65,744 | +48.0% |
| Trade receivables | 40 | €12,027 | €75,129 | +€63,102 | +525% |
| Other amounts receivable | 41 | €125,000 | €127,642 | +€2,642 | +2.1% |
| Cash at bank and in hand | 54/58 | €97,922 | €97,836 | -€86 | -0.1% |
| Deferred charges and accrued income | 490/1 | €6,645 | €7,582 | +€938 | +14.1% |
| Total equity and liabilities | 10/49 | €274,376 | €332,189 | +€57,813 | +21.1% |
| Equity | 10/15 | €166,175 | €5,000 | -€161,175 | -97.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €161,175 | €0 | -€161,175 | -100% |
| Distributable reserves | 133 | €161,175 | €0 | -€161,175 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,201 | €327,189 | +€218,988 | +202% |
| Amounts payable after more than one year | 17 | €80,139 | €75,000 | -€5,139 | -6.4% |
| Financial debts | 170/4 | €80,139 | €75,000 | -€5,139 | -6.4% |
| Amounts payable within one year | 42/48 | €28,062 | €252,189 | +€224,127 | +799% |
| Current portion of amounts payable after more than one year | 42 | €7,629 | €5,139 | -€2,490 | -32.6% |
| Financial debts | 43 | - | €1,306 | +€1,306 | |
| Credit institutions | 430/8 | - | €1,306 | +€1,306 | |
| Trade debts | 44 | €6,462 | €4,829 | -€1,633 | -25.3% |
| Suppliers | 440/4 | €6,462 | €4,829 | -€1,633 | -25.3% |
| Taxes, remuneration and social security | 45 | €4,838 | €11,762 | +€6,924 | +143% |
| Taxes | 450/3 | €4,830 | €11,762 | +€6,932 | +144% |
| Remuneration and social security | 454/9 | €8 | €0 | -€8 | -100% |
| Other amounts payable | 47/48 | €9,134 | €229,153 | +€220,020 | +2,409% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,917 | €8,784 | -€134 | -1.5% |
| Other operating charges | 640/8 | €1,879 | €1,119 | -€760 | -40.4% |
| Non-recurring operating charges | 66A | €7,485 | €0 | -€7,485 | -100% |
| Gross operating margin | 9900 | €61,611 | €76,228 | +€14,617 | +23.7% |
| Operating profit (loss) | 9901 | €43,329 | €66,325 | +€22,996 | +53.1% |
| Financial income | 75/76B | €295 | €1,435 | +€1,140 | +386% |
| Recurring financial income | 75 | €295 | €1,435 | +€1,140 | +386% |
| Financial charges | 65/66B | €866 | €926 | +€60 | +6.9% |
| Recurring financial charges | 65 | €866 | €926 | +€60 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €42,758 | €66,834 | +€24,076 | +56.3% |
| Income taxes | 67/77 | €10,940 | €16,093 | +€5,153 | +47.1% |
| Profit (loss) for the period | 9904 | €31,817 | €50,740 | +€18,923 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,817 | €50,740 | +€18,923 | +59.5% |
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 15 October 2026 via checked.be.