grove lust: 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.
grove lust
Largest movements
- Cash +€56,036
up €56,036 (+137%), from €40,879 to €96,914
mainly Receivables within one year (+€30,823) and Net result for the year (+€24,159)
- Receivables within one year -€30,823
down €30,823 (-68.6%), from €44,916 to €14,093
of which Trade receivables: -€29,875
- Tangible fixed assets -€9,986
down €9,986 (-49.5%), from €20,161 to €10,175
of which Furniture and vehicles: -€9,483
- Profit (loss) carried forward +€24,159
up €24,159, from €0 to €24,159
- Other debts -€10,819
down €10,819 (-17.6%), from €61,353 to €50,534
- Tax, wage and social debts +€5,559
up €5,559 (+166%), from €3,347 to €8,906
- Current portion of long-term debt -€3,793
down €3,793 (-57.0%), from €6,653 to €2,861
- Debts after one year -€2,861
down €2,861 (-100%), from €2,861 to €0
- Gross operating margin -€9,887
down €9,887 (-19.5%), from €50,668 to €40,781
- Financial income +€2,700
up €2,700 (+1,280%), from €211 to €2,911
- Taxes -€1,310
down €1,310 (-14.1%), from €9,312 to €8,003
- Other operating charges -€529
down €529 (-36.8%), from €1,438 to €909
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 | €108,905 | €123,380 | +€14,476 | +13.3% |
| Fixed assets | 21/28 | €20,161 | €10,175 | -€9,986 | -49.5% |
| Tangible fixed assets | 22/27 | €20,161 | €10,175 | -€9,986 | -49.5% |
| Furniture and vehicles | 24 | €19,426 | €9,943 | -€9,483 | -48.8% |
| Other tangible fixed assets | 26 | €735 | €232 | -€503 | -68.5% |
| Current assets | 29/58 | €88,744 | €113,206 | +€24,462 | +27.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,916 | €14,093 | -€30,823 | -68.6% |
| Trade receivables | 40 | €43,724 | €13,849 | -€29,875 | -68.3% |
| Other amounts receivable | 41 | €1,191 | €244 | -€948 | -79.5% |
| Cash at bank and in hand | 54/58 | €40,879 | €96,914 | +€56,036 | +137% |
| Deferred charges and accrued income | 490/1 | €2,949 | €2,199 | -€751 | -25.4% |
| Total equity and liabilities | 10/49 | €108,905 | €123,380 | +€14,476 | +13.3% |
| Equity | 10/15 | €18,600 | €42,759 | +€24,159 | +130% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €24,159 | +€24,159 | |
| Amounts payable | 17/49 | €90,305 | €80,622 | -€9,683 | -10.7% |
| Amounts payable after more than one year | 17 | €2,861 | €0 | -€2,861 | -100% |
| Financial debts | 170/4 | €2,861 | €0 | -€2,861 | -100% |
| Amounts payable within one year | 42/48 | €87,444 | €80,622 | -€6,823 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €6,653 | €2,861 | -€3,793 | -57.0% |
| Trade debts | 44 | €16,091 | €18,321 | +€2,230 | +13.9% |
| Suppliers | 440/4 | €16,091 | €18,321 | +€2,230 | +13.9% |
| Taxes, remuneration and social security | 45 | €3,347 | €8,906 | +€5,559 | +166% |
| Taxes | 450/3 | €3,347 | €8,906 | +€5,559 | +166% |
| Other amounts payable | 47/48 | €61,353 | €50,534 | -€10,819 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,787 | €9,986 | +€200 | +2.0% |
| Other operating charges | 640/8 | €1,438 | €909 | -€529 | -36.8% |
| Gross operating margin | 9900 | €50,668 | €40,781 | -€9,887 | -19.5% |
| Operating profit (loss) | 9901 | €39,443 | €29,886 | -€9,558 | -24.2% |
| Financial income | 75/76B | €211 | €2,911 | +€2,700 | +1,280% |
| Recurring financial income | 75 | €211 | €2,911 | +€2,700 | +1,280% |
| Financial charges | 65/66B | €808 | €635 | -€173 | -21.4% |
| Recurring financial charges | 65 | €808 | €635 | -€173 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €38,846 | €32,162 | -€6,684 | -17.2% |
| Income taxes | 67/77 | €9,312 | €8,003 | -€1,310 | -14.1% |
| Profit (loss) for the period | 9904 | €29,534 | €24,159 | -€5,375 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,534 | €24,159 | -€5,375 | -18.2% |
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 19 October 2026 via checked.be.