GROVANIMMO: 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.
GROVANIMMO
Largest movements
- Cash +€197,247
up €197,247 (+288.0%), from €68,483 to €265,731
mainly Net result for the year (+€111,844) and Receivables within one year (+€49,558)
- Receivables within one year -€49,558
down €49,558 (-82.2%), from €60,276 to €10,718
- Tangible fixed assets -€13,425
down €13,425 (-100.0%), from €13,425 to €0
- Reserves +€111,844
up €111,844 (+782.6%), from €14,291 to €126,135
of which Distributable reserves: +€111,844
- Tax, wage and social debts +€21,950
up €21,950 (+16667.6%), from €132 to €22,081
- Trade debts +€3,253
up €3,253 (+938.4%), from €347 to €3,600
- Gross operating margin +€161,286
up €161,286 (+12360.5%), from €1,305 to €162,591
- Taxes +€51,818
up €51,818 (+39348.3%), from €132 to €51,950
- Financial income +€1,826
up €1,826 (+191.0%), from €956 to €2,782
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 | €142,284 | €279,331 | +€137,047 | +96.3% |
| Fixed assets | 21/28 | €13,425 | €0 | -€13,425 | -100.0% |
| Tangible fixed assets | 22/27 | €13,425 | €0 | -€13,425 | -100.0% |
| Land and buildings | 22 | €13,425 | €0 | -€13,425 | -100.0% |
| Current assets | 29/58 | €128,859 | €279,331 | +€150,472 | +116.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €60,276 | €10,718 | -€49,558 | -82.2% |
| Other amounts receivable | 41 | €60,276 | €10,718 | -€49,558 | -82.2% |
| Cash at bank and in hand | 54/58 | €68,483 | €265,731 | +€197,247 | +288.0% |
| Deferred charges and accrued income | 490/1 | €100 | €2,882 | +€2,782 | +2787.0% |
| Total equity and liabilities | 10/49 | €142,284 | €279,331 | +€137,047 | +96.3% |
| Equity | 10/15 | €141,806 | €253,650 | +€111,844 | +78.9% |
| Contributions | 10/11 | €127,515 | €127,515 | = | 0.0% |
| Capital | 10 | €127,515 | €127,515 | = | 0.0% |
| Issued capital | 100 | €127,515 | €127,515 | = | 0.0% |
| Reserves | 13 | €14,291 | €126,135 | +€111,844 | +782.6% |
| Non-distributable reserves | 130/1 | €12,751 | €12,751 | = | 0.0% |
| Legal reserve | 130 | €12,751 | €12,751 | = | 0.0% |
| Distributable reserves | 133 | €1,540 | €113,384 | +€111,844 | +7264.0% |
| Amounts payable | 17/49 | €478 | €25,681 | +€25,203 | +5268.6% |
| Amounts payable within one year | 42/48 | €478 | €25,681 | +€25,203 | +5268.6% |
| Trade debts | 44 | €347 | €3,600 | +€3,253 | +938.4% |
| Suppliers | 440/4 | €347 | €3,600 | +€3,253 | +938.4% |
| Taxes, remuneration and social security | 45 | €132 | €22,081 | +€21,950 | +16667.6% |
| Taxes | 450/3 | €132 | €22,081 | +€21,950 | +16667.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €182,836 | +€182,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €494 | €0 | -€494 | -100.0% |
| Other operating charges | 640/8 | €255 | €1,505 | +€1,250 | +491.0% |
| Gross operating margin | 9900 | €1,305 | €162,591 | +€161,286 | +12360.5% |
| Operating profit (loss) | 9901 | €556 | €161,086 | +€160,530 | +28874.5% |
| Financial income | 75/76B | €956 | €2,782 | +€1,826 | +191.0% |
| Recurring financial income | 75 | €956 | €2,782 | +€1,826 | +191.0% |
| Financial charges | 65/66B | €64 | €75 | +€12 | +18.1% |
| Recurring financial charges | 65 | €64 | €75 | +€12 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €1,449 | €163,794 | +€162,345 | +11207.2% |
| Income taxes | 67/77 | €132 | €51,950 | +€51,818 | +39348.3% |
| Profit (loss) for the period | 9904 | €1,317 | €111,844 | +€110,527 | +8393.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,317 | €111,844 | +€110,527 | +8393.1% |
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 7 October 2026 via checked.be.