GROVERO: 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.
GROVERO
Largest movements
- Receivables within one year +€102,122
up €102,122 (+10.2%), from €1.0m to €1.1m
of which Other amounts receivable: +€102,122
- Cash +€74,825
up €74,825 (+8.5%), from €883,523 to €958,348
mainly Net result for the year (+€165,391) and Other debts (+€117,221)
- Other debts +€117,221
up €117,221 (+64.8%), from €180,982 to €298,203
- Tax, wage and social debts +€31,077
up €31,077 (+22.2%), from €140,049 to €171,126
- Reserves +€29,375
up €29,375 (+1.7%), from €1.7m to €1.7m
of which Distributable reserves: +€29,375
- Financial income -€1.4m
down €1.4m (-92.0%), from €1.5m to €119,837
- Taxes -€114,002
down €114,002 (-72.1%), from €158,116 to €44,113
- Gross operating margin +€21,498
up €21,498 (+22.3%), from €96,257 to €117,754
- Financial charges +€12,950
up €12,950 (+844%), from €1,535 to €14,485
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 | €2,420,686 | €2,597,384 | +€176,698 | +7.3% |
| Fixed assets | 21/28 | €535,379 | €526,707 | -€8,672 | -1.6% |
| Tangible fixed assets | 22/27 | €250,084 | €241,412 | -€8,672 | -3.5% |
| Land and buildings | 22 | €250,084 | €241,412 | -€8,672 | -3.5% |
| Financial fixed assets | 28 | €285,295 | €285,295 | = | 0.0% |
| Current assets | 29/58 | €1,885,307 | €2,070,677 | +€185,369 | +9.8% |
| Amounts receivable within one year | 40/41 | €1,000,890 | €1,103,012 | +€102,122 | +10.2% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Other amounts receivable | 41 | €990,000 | €1,092,122 | +€102,122 | +10.3% |
| Cash at bank and in hand | 54/58 | €883,523 | €958,348 | +€74,825 | +8.5% |
| Deferred charges and accrued income | 490/1 | €894 | €9,317 | +€8,423 | +942% |
| Total equity and liabilities | 10/49 | €2,420,686 | €2,597,384 | +€176,698 | +7.3% |
| Equity | 10/15 | €2,093,448 | €2,122,823 | +€29,375 | +1.4% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €1,718,448 | €1,747,823 | +€29,375 | +1.7% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,680,948 | €1,710,323 | +€29,375 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €327,238 | €474,560 | +€147,323 | +45.0% |
| Amounts payable within one year | 42/48 | €322,900 | €470,222 | +€147,323 | +45.6% |
| Trade debts | 44 | €1,869 | €893 | -€976 | -52.2% |
| Suppliers | 440/4 | €1,869 | €893 | -€976 | -52.2% |
| Taxes, remuneration and social security | 45 | €140,049 | €171,126 | +€31,077 | +22.2% |
| Taxes | 450/3 | €140,049 | €171,126 | +€31,077 | +22.2% |
| Other amounts payable | 47/48 | €180,982 | €298,203 | +€117,221 | +64.8% |
| Accrued charges and deferred income | 492/3 | €4,338 | €4,338 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,672 | €8,672 | = | 0.0% |
| Other operating charges | 640/8 | €5,211 | €4,931 | -€280 | -5.4% |
| Gross operating margin | 9900 | €96,257 | €117,754 | +€21,498 | +22.3% |
| Operating profit (loss) | 9901 | €82,374 | €104,152 | +€21,778 | +26.4% |
| Financial income | 75/76B | €1,492,252 | €119,837 | -€1.4m | -92.0% |
| Recurring financial income | 75 | €1,492,252 | €119,837 | -€1.4m | -92.0% |
| Financial charges | 65/66B | €1,535 | €14,485 | +€12,950 | +844% |
| Recurring financial charges | 65 | €1,535 | €14,485 | +€12,950 | +844% |
| Profit (loss) for the period before taxes | 9903 | €1,573,091 | €209,504 | -€1.4m | -86.7% |
| Income taxes | 67/77 | €158,116 | €44,113 | -€114,002 | -72.1% |
| Profit (loss) for the period | 9904 | €1,414,975 | €165,391 | -€1.2m | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,414,975 | €165,391 | -€1.2m | -88.3% |
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 23 October 2026 via checked.be.