GROOVEX: 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.
GROOVEX
Largest movements
- Receivables within one year +€246,795
up €246,795 (+32,944%), from €749 to €247,544
of which Trade receivables: +€246,692
- Cash +€6,239
up €6,239 (+4.4%), from €141,583 to €147,821
mainly Advances received (+€204,948) and Debts after one year (+€75,000)
- Deferred charges and accrued income +€5,750
up €5,750 (+2,396%), from €240 to €5,990
- Advances received +€204,948
up €204,948 (+902%), from €22,723 to €227,670
- Debts after one year +€75,000
new in 2025: €75,000
- Trade debts -€25,140
down €25,140 (-34.5%), from €72,797 to €47,657
- Gross operating margin +€7,648
up €7,648 (+515%), from €1,484 to €9,132
- Staff costs +€6,997
new in 2025: €6,997
- Financial income -€1,067
down €1,067 (-88.9%), from €1,200 to €133
- Taxes -€492
down €492 (-64.0%), from €769 to €277
- Financial charges +€136
up €136 (+21.3%), from €640 to €776
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 | €142,572 | €401,355 | +€258,783 | +182% |
| Current assets | 29/58 | €142,572 | €401,355 | +€258,783 | +182% |
| Amounts receivable within one year | 40/41 | €749 | €247,544 | +€246,795 | +32,944% |
| Trade receivables | 40 | €0 | €246,692 | +€246,692 | |
| Other amounts receivable | 41 | €749 | €852 | +€103 | +13.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €141,583 | €147,821 | +€6,239 | +4.4% |
| Deferred charges and accrued income | 490/1 | €240 | €5,990 | +€5,750 | +2,396% |
| Total equity and liabilities | 10/49 | €142,572 | €401,355 | +€258,783 | +182% |
| Equity | 10/15 | €46,547 | €47,118 | +€570 | +1.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €6,547 | €7,118 | +€570 | +8.7% |
| Distributable reserves | 133 | €6,547 | €7,118 | +€570 | +8.7% |
| Amounts payable | 17/49 | €96,025 | €354,237 | +€258,213 | +269% |
| Amounts payable after more than one year | 17 | - | €75,000 | +€75,000 | |
| Financial debts | 170/4 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €96,025 | €278,997 | +€182,973 | +191% |
| Trade debts | 44 | €72,797 | €47,657 | -€25,140 | -34.5% |
| Suppliers | 440/4 | €72,797 | €47,657 | -€25,140 | -34.5% |
| Advances received on contracts in progress | 46 | €22,723 | €227,670 | +€204,948 | +902% |
| Taxes, remuneration and social security | 45 | €505 | €3,670 | +€3,165 | +627% |
| Taxes | 450/3 | €505 | €277 | -€228 | -45.1% |
| Remuneration and social security | 454/9 | - | €3,393 | +€3,393 | |
| Accrued charges and deferred income | 492/3 | - | €240 | +€240 | |
| Non-recurring operating income | 76A | - | €1,115 | +€1,115 | |
| Remuneration, social security and pensions | 62 | - | €6,997 | +€6,997 | |
| Other operating charges | 640/8 | €728 | €644 | -€84 | -11.5% |
| Gross operating margin | 9900 | €1,484 | €9,132 | +€7,648 | +515% |
| Operating profit (loss) | 9901 | €756 | €1,491 | +€735 | +97.2% |
| Financial income | 75/76B | €1,200 | €133 | -€1,067 | -88.9% |
| Recurring financial income | 75 | €1,200 | €133 | -€1,067 | -88.9% |
| Financial charges | 65/66B | €640 | €776 | +€136 | +21.3% |
| Recurring financial charges | 65 | €640 | €776 | +€136 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €1,316 | €848 | -€469 | -35.6% |
| Income taxes | 67/77 | €769 | €277 | -€492 | -64.0% |
| Profit (loss) for the period | 9904 | €547 | €570 | +€23 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €547 | €570 | +€23 | +4.2% |
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 27 October 2026 via checked.be.