GROVEN STYLE: 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.
What changed
GROVEN STYLE
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,265
2024 · €1,003+€3,263
Equity
€581,851
2024 · €577,585+€4,265
Cash
€79,838
2024 · €123,162-€43,324
Balance sheet total
€901,588
2024 · €946,922-€45,334
Largest movements
Assets
- Tangible fixed assets -€44,095
down €44,095 (-8.9%), from €496,348 to €452,253
of which Other tangible fixed assets: -€23,652
- Cash -€43,324
down €43,324 (-35.2%), from €123,162 to €79,838
mainly Stocks and contracts (-€37,001) and Trade debts (-€23,541)
- Stocks and contracts +€37,001
up €37,001 (+13.5%), from €273,284 to €310,286
Equity and liabilities
- Trade debts -€23,541
down €23,541 (-16.4%), from €143,321 to €119,780
- Debts after one year -€22,433
down €22,433 (-13.1%), from €171,451 to €149,019
Income statement
- Staff costs -€72,743
down €72,743 (-66.0%), from €110,278 to €37,535
- Gross operating margin -€67,261
down €67,261 (-37.8%), from €177,822 to €110,561
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.
Result 2024
€1,003
Gross operating margin
-€67,261
Staff costs
+€72,743
Depreciation
+€1,378
Other operating charges
-€991
Financial income
+€47
Financial charges
-€967
Taxes
-€1,688
Result 2025
€4,265
raises the resultlowers the result
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.
From operations
-€20,244
Investment
-€1,200
Financing
-€21,880
Cash 2024
€123,162
From operations (derived)
-€20,244
Net result for the year
+€4,265
Depreciation
+€45,295
Stocks and contracts
-€37,001
Receivables within one year
-€6,811
Deferred charges and accrued income
+€1,727
Trade debts
-€23,541
Tax, wage and social debts
+€3,524
Other debts
-€85
Accrued charges and deferred income
-€7,617
Investment (derived)
-€1,200
Investment in fixed assets (net)
-€1,200
Financing
-€21,880
Debts after one year
-€22,433
Current portion of long-term debt
+€553
Cash 2025
€79,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €946,922 | €901,588 | -€45,334 | -4.8% |
| Fixed assets | 21/28 | €496,398 | €452,303 | -€44,095 | -8.9% |
| Tangible fixed assets | 22/27 | €496,348 | €452,253 | -€44,095 | -8.9% |
| Land and buildings | 22 | €357,978 | €348,287 | -€9,691 | -2.7% |
| Plant, machinery and equipment | 23 | €52,820 | €44,579 | -€8,242 | -15.6% |
| Furniture and vehicles | 24 | €4,255 | €1,745 | -€2,510 | -59.0% |
| Other tangible fixed assets | 26 | €81,294 | €57,643 | -€23,652 | -29.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €450,524 | €449,285 | -€1,239 | -0.3% |
| Stocks and contracts in progress | 3 | €273,284 | €310,286 | +€37,001 | +13.5% |
| Stocks | 30/36 | €273,284 | €310,286 | +€37,001 | +13.5% |
| Amounts receivable within one year | 40/41 | €42,103 | €48,914 | +€6,811 | +16.2% |
| Trade receivables | 40 | €34,613 | €29,082 | -€5,530 | -16.0% |
| Other amounts receivable | 41 | €7,490 | €19,832 | +€12,341 | +165% |
| Cash at bank and in hand | 54/58 | €123,162 | €79,838 | -€43,324 | -35.2% |
| Deferred charges and accrued income | 490/1 | €11,974 | €10,247 | -€1,727 | -14.4% |
| Total equity and liabilities | 10/49 | €946,922 | €901,588 | -€45,334 | -4.8% |
| Equity | 10/15 | €577,585 | €581,851 | +€4,265 | +0.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,050 | €2,050 | = | 0.0% |
| Reserves | 13 | €14,077 | €14,077 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,849 | €3,849 | = | 0.0% |
| Distributable reserves | 133 | €7,749 | €7,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €486,459 | €490,724 | +€4,265 | +0.9% |
| Amounts payable | 17/49 | €369,337 | €319,738 | -€49,599 | -13.4% |
| Amounts payable after more than one year | 17 | €171,451 | €149,019 | -€22,433 | -13.1% |
| Financial debts | 170/4 | €171,451 | €149,019 | -€22,433 | -13.1% |
| Amounts payable within one year | 42/48 | €190,269 | €170,719 | -€19,549 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €21,880 | €22,433 | +€553 | +2.5% |
| Trade debts | 44 | €143,321 | €119,780 | -€23,541 | -16.4% |
| Suppliers | 440/4 | €143,321 | €119,780 | -€23,541 | -16.4% |
| Taxes, remuneration and social security | 45 | €13,269 | €16,793 | +€3,524 | +26.6% |
| Taxes | 450/3 | €10,499 | €16,266 | +€5,767 | +54.9% |
| Remuneration and social security | 454/9 | €2,770 | €526 | -€2,244 | -81.0% |
| Other amounts payable | 47/48 | €11,799 | €11,714 | -€85 | -0.7% |
| Accrued charges and deferred income | 492/3 | €7,617 | €0 | -€7,617 | -100% |
| Remuneration, social security and pensions | 62 | €110,278 | €37,535 | -€72,743 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,673 | €45,295 | -€1,378 | -3.0% |
| Other operating charges | 640/8 | €5,861 | €6,852 | +€991 | +16.9% |
| Gross operating margin | 9900 | €177,822 | €110,561 | -€67,261 | -37.8% |
| Operating profit (loss) | 9901 | €15,009 | €20,879 | +€5,870 | +39.1% |
| Financial income | 75/76B | €121 | €168 | +€47 | +38.6% |
| Recurring financial income | 75 | €121 | €168 | +€47 | +38.6% |
| Financial charges | 65/66B | €13,104 | €14,071 | +€967 | +7.4% |
| Recurring financial charges | 65 | €13,104 | €14,071 | +€967 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €2,026 | €6,976 | +€4,950 | +244% |
| Income taxes | 67/77 | €1,023 | €2,711 | +€1,688 | +165% |
| Profit (loss) for the period | 9904 | €1,003 | €4,265 | +€3,263 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €1,003 | €4,265 | +€3,263 | +325% |
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 22 October 2026 via checked.be.