GROVAN: 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.
GROVAN
Largest movements
- Stocks and contracts -€69,013
down €69,013 (-100.0%), from €69,013 to €0
- Cash -€11,249
down €11,249 (-51.8%), from €21,709 to €10,460
mainly Trade debts (-€79,227) and Net result for the year (-€6,188)
- Receivables within one year -€3,694
down €3,694 (-4.9%), from €74,693 to €70,999
of which Trade receivables: -€10,857
- Trade debts -€79,227
down €79,227 (-89.4%), from €88,586 to €9,359
- Profit (loss) carried forward -€6,188
new in 2026: -€6,188
- Gross operating margin -€18,834
down €18,834, from €17,407 to -€1,427
- Taxes -€3,369
down €3,369 (-100.0%), from €3,369 to €0
- Other operating charges -€1,290
down €1,290 (-48.8%), from €2,643 to €1,353
- Financial charges -€371
down €371 (-60.6%), from €612 to €242
- Financial income +€248
up €248 (+103.3%), from €240 to €487
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,541 | €90,991 | -€85,551 | -48.5% |
| Fixed assets | 21/28 | €6,233 | €6,162 | -€71 | -1.1% |
| Tangible fixed assets | 22/27 | €6,233 | €6,162 | -€71 | -1.1% |
| Plant, machinery and equipment | 23 | €1,279 | €1,515 | +€236 | +18.5% |
| Furniture and vehicles | 24 | €4,954 | €4,647 | -€307 | -6.2% |
| Current assets | 29/58 | €170,308 | €84,829 | -€85,480 | -50.2% |
| Stocks and contracts in progress | 3 | €69,013 | €0 | -€69,013 | -100.0% |
| Contracts in progress | 37 | €69,013 | €0 | -€69,013 | -100.0% |
| Amounts receivable within one year | 40/41 | €74,693 | €70,999 | -€3,694 | -4.9% |
| Trade receivables | 40 | €74,236 | €63,379 | -€10,857 | -14.6% |
| Other amounts receivable | 41 | €457 | €7,620 | +€7,163 | +1567.7% |
| Cash at bank and in hand | 54/58 | €21,709 | €10,460 | -€11,249 | -51.8% |
| Deferred charges and accrued income | 490/1 | €4,893 | €3,370 | -€1,524 | -31.1% |
| Total equity and liabilities | 10/49 | €176,541 | €90,991 | -€85,551 | -48.5% |
| Equity | 10/15 | €70,734 | €64,546 | -€6,188 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,134 | €52,134 | = | 0.0% |
| Distributable reserves | 133 | €52,134 | €52,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,188 | -€6,188 | |
| Amounts payable | 17/49 | €105,807 | €26,444 | -€79,363 | -75.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €105,807 | €26,444 | -€79,363 | -75.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €88,586 | €9,359 | -€79,227 | -89.4% |
| Suppliers | 440/4 | €88,586 | €9,359 | -€79,227 | -89.4% |
| Taxes, remuneration and social security | 45 | €3,452 | €3,380 | -€71 | -2.1% |
| Taxes | 450/3 | €3,452 | €3,380 | -€71 | -2.1% |
| Other amounts payable | 47/48 | €13,769 | €13,705 | -€64 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €3,654 | -€146 | -3.9% |
| Other operating charges | 640/8 | €2,643 | €1,353 | -€1,290 | -48.8% |
| Gross operating margin | 9900 | €17,407 | -€1,427 | -€18,834 | |
| Operating profit (loss) | 9901 | €10,964 | -€6,433 | -€17,397 | |
| Financial income | 75/76B | €240 | €487 | +€248 | +103.3% |
| Recurring financial income | 75 | €240 | €487 | +€248 | +103.3% |
| Financial charges | 65/66B | €612 | €242 | -€371 | -60.6% |
| Recurring financial charges | 65 | €612 | €242 | -€371 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €10,591 | -€6,188 | -€16,779 | |
| Income taxes | 67/77 | €3,369 | €0 | -€3,369 | -100.0% |
| Profit (loss) for the period | 9904 | €7,222 | -€6,188 | -€13,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,222 | -€6,188 | -€13,410 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.