GROTEC: 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.
GROTEC
Largest movements
- Tangible fixed assets -€32,975
down €32,975 (-21.5%), from €153,460 to €120,485
of which Furniture and vehicles: -€24,476
- Stocks and contracts +€8,654
up €8,654 (+51.5%), from €16,787 to €25,440
- Receivables within one year +€7,546
up €7,546 (+43.5%), from €17,347 to €24,893
of which Trade receivables: +€8,064
- Cash -€6,486
down €6,486 (-55.9%), from €11,603 to €5,117
mainly Other debts (-€22,410) and Contributions, distributions and other (-€15,513)
- Other debts -€22,410
down €22,410 (-33.6%), from €66,607 to €44,197
- Reserves -€8,966
down €8,966 (-7.8%), from €114,384 to €105,418
of which Distributable reserves: -€8,966
- Tax, wage and social debts +€4,458
up €4,458 (+46.2%), from €9,647 to €14,105
of which Remuneration and social security: +€2,786
- Trade debts +€3,657
up €3,657 (+155.1%), from €2,358 to €6,015
- Depreciation +€1,113
up €1,113 (+3.3%), from €34,043 to €35,156
- Gross operating margin +€868
up €868 (+1.8%), from €47,899 to €48,767
- Taxes +€835
up €835 (+18.1%), from €4,620 to €5,455
- Other operating charges -€507
down €507 (-23.2%), from €2,189 to €1,682
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 | €199,197 | €175,935 | -€23,261 | -11.7% |
| Fixed assets | 21/28 | €153,460 | €120,485 | -€32,975 | -21.5% |
| Tangible fixed assets | 22/27 | €153,460 | €120,485 | -€32,975 | -21.5% |
| Land and buildings | 22 | €65,159 | €60,051 | -€5,108 | -7.8% |
| Plant, machinery and equipment | 23 | €6,055 | €2,664 | -€3,391 | -56.0% |
| Furniture and vehicles | 24 | €82,247 | €57,771 | -€24,476 | -29.8% |
| Current assets | 29/58 | €45,737 | €55,450 | +€9,713 | +21.2% |
| Stocks and contracts in progress | 3 | €16,787 | €25,440 | +€8,654 | +51.5% |
| Stocks | 30/36 | €16,787 | €25,440 | +€8,654 | +51.5% |
| Amounts receivable within one year | 40/41 | €17,347 | €24,893 | +€7,546 | +43.5% |
| Trade receivables | 40 | €16,581 | €24,645 | +€8,064 | +48.6% |
| Other amounts receivable | 41 | €766 | €248 | -€518 | -67.6% |
| Cash at bank and in hand | 54/58 | €11,603 | €5,117 | -€6,486 | -55.9% |
| Total equity and liabilities | 10/49 | €199,197 | €175,935 | -€23,261 | -11.7% |
| Equity | 10/15 | €120,584 | €111,618 | -€8,966 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,384 | €105,418 | -€8,966 | -7.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,524 | €103,558 | -€8,966 | -8.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €78,613 | €64,317 | -€14,296 | -18.2% |
| Amounts payable within one year | 42/48 | €78,613 | €64,317 | -€14,296 | -18.2% |
| Trade debts | 44 | €2,358 | €6,015 | +€3,657 | +155.1% |
| Suppliers | 440/4 | €2,358 | €6,015 | +€3,657 | +155.1% |
| Taxes, remuneration and social security | 45 | €9,647 | €14,105 | +€4,458 | +46.2% |
| Taxes | 450/3 | €6,247 | €7,918 | +€1,671 | +26.8% |
| Remuneration and social security | 454/9 | €3,400 | €6,186 | +€2,786 | +82.0% |
| Other amounts payable | 47/48 | €66,607 | €44,197 | -€22,410 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,043 | €35,156 | +€1,113 | +3.3% |
| Other operating charges | 640/8 | €2,189 | €1,682 | -€507 | -23.2% |
| Gross operating margin | 9900 | €47,899 | €48,767 | +€868 | +1.8% |
| Operating profit (loss) | 9901 | €11,668 | €11,930 | +€262 | +2.2% |
| Financial income | 75/76B | €328 | €333 | +€5 | +1.6% |
| Recurring financial income | 75 | €328 | €333 | +€5 | +1.6% |
| Financial charges | 65/66B | €244 | €261 | +€17 | +7.1% |
| Recurring financial charges | 65 | €244 | €261 | +€17 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €11,752 | €12,002 | +€250 | +2.1% |
| Income taxes | 67/77 | €4,620 | €5,455 | +€835 | +18.1% |
| Profit (loss) for the period | 9904 | €7,132 | €6,547 | -€585 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,132 | €6,547 | -€585 | -8.2% |
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 8 October 2026 via checked.be.