groothuis: 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.
groothuis
Largest movements
- Stocks and contracts +€244,851
new in 2025: €244,851
- Receivables within one year -€120,015
down €120,015 (-93.4%), from €128,477 to €8,462
of which Trade receivables: -€120,015
- Tangible fixed assets +€69,349
up €69,349 (+8.2%), from €845,576 to €914,925
of which Land and buildings: +€69,514
- Financial fixed assets -€29,872
down €29,872 (-21.6%), from €138,157 to €108,285
- Cash -€22,716
down €22,716 (-85.6%), from €26,539 to €3,823
mainly Stocks and contracts (-€244,851) and Investment in fixed assets (net) (-€92,810)
- Debts after one year +€151,056
up €151,056 (+24.6%), from €615,083 to €766,139
- Trade debts -€57,081
down €57,081 (-87.0%), from €65,603 to €8,522
- Other debts +€49,843
up €49,843 (+17.3%), from €288,224 to €338,067
- Tax, wage and social debts -€24,637
down €24,637 (-44.4%), from €55,480 to €30,843
- Reserves +€16,717
up €16,717 (+272.5%), from €6,135 to €22,852
- Gross operating margin -€114,189
down €114,189 (-44.9%), from €254,103 to €139,914
- Taxes -€10,911
down €10,911 (-99.2%), from €11,000 to €89
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 | €1,143,598 | €1,280,368 | +€136,771 | +12.0% |
| Fixed assets | 21/28 | €983,733 | €1,023,210 | +€39,477 | +4.0% |
| Tangible fixed assets | 22/27 | €845,576 | €914,925 | +€69,349 | +8.2% |
| Land and buildings | 22 | €835,044 | €904,559 | +€69,514 | +8.3% |
| Plant, machinery and equipment | 23 | €10,442 | €10,366 | -€76 | -0.7% |
| Furniture and vehicles | 24 | €90 | €0 | -€90 | -100.0% |
| Financial fixed assets | 28 | €138,157 | €108,285 | -€29,872 | -21.6% |
| Current assets | 29/58 | €159,865 | €257,159 | +€97,294 | +60.9% |
| Stocks and contracts in progress | 3 | - | €244,851 | +€244,851 | |
| Stocks | 30/36 | - | €244,851 | +€244,851 | |
| Amounts receivable within one year | 40/41 | €128,477 | €8,462 | -€120,015 | -93.4% |
| Trade receivables | 40 | €128,477 | €8,462 | -€120,015 | -93.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €26,539 | €3,823 | -€22,716 | -85.6% |
| Deferred charges and accrued income | 490/1 | €4,849 | €23 | -€4,826 | -99.5% |
| Total equity and liabilities | 10/49 | €1,143,598 | €1,280,368 | +€136,771 | +12.0% |
| Equity | 10/15 | €71,135 | €87,852 | +€16,717 | +23.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,135 | €22,852 | +€16,717 | +272.5% |
| Distributable reserves | 133 | €6,135 | €22,852 | +€16,717 | +272.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,072,463 | €1,192,517 | +€120,053 | +11.2% |
| Amounts payable after more than one year | 17 | €615,083 | €766,139 | +€151,056 | +24.6% |
| Financial debts | 170/4 | €615,083 | €766,139 | +€151,056 | +24.6% |
| Amounts payable within one year | 42/48 | €457,380 | €426,378 | -€31,002 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €48,072 | €48,944 | +€872 | +1.8% |
| Trade debts | 44 | €65,603 | €8,522 | -€57,081 | -87.0% |
| Suppliers | 440/4 | €65,603 | €8,522 | -€57,081 | -87.0% |
| Taxes, remuneration and social security | 45 | €55,480 | €30,843 | -€24,637 | -44.4% |
| Taxes | 450/3 | €55,480 | €30,843 | -€24,637 | -44.4% |
| Other amounts payable | 47/48 | €288,224 | €338,067 | +€49,843 | +17.3% |
| Non-recurring operating income | 76A | - | €16,575 | +€16,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,663 | €53,333 | -€2,330 | -4.2% |
| Other operating charges | 640/8 | €13,108 | €15,442 | +€2,335 | +17.8% |
| Gross operating margin | 9900 | €254,103 | €139,914 | -€114,189 | -44.9% |
| Operating profit (loss) | 9901 | €185,333 | €71,139 | -€114,193 | -61.6% |
| Financial income | 75/76B | €229 | €2,064 | +€1,836 | +803.1% |
| Recurring financial income | 75 | €229 | €0 | -€229 | -100.0% |
| Non-recurring financial income | 76B | - | €2,064 | +€2,064 | |
| Financial charges | 65/66B | €12,878 | €13,398 | +€520 | +4.0% |
| Recurring financial charges | 65 | €12,878 | €13,398 | +€520 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €172,683 | €59,806 | -€112,877 | -65.4% |
| Income taxes | 67/77 | €11,000 | €89 | -€10,911 | -99.2% |
| Profit (loss) for the period | 9904 | €161,683 | €59,717 | -€101,966 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €161,683 | €59,717 | -€101,966 | -63.1% |
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 6 October 2026 via checked.be.