GROVI: 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
GROVI
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,365
2024 · €11,344+€38,021
Equity
€3.0m
2024 · €3.0m+€49,365
Cash
€22,331
2024 · €15,840+€6,491
Balance sheet total
€4.2m
2024 · €4.2m-€17,316
Largest movements
Assets
- Tangible fixed assets -€55,653
down €55,653 (-13.1%), from €425,743 to €370,090
of which Land and buildings: -€54,474
Equity and liabilities
- Other debts -€62,226
down €62,226 (-5.8%), from €1.1m to €1.0m
- Reserves +€49,365
up €49,365 (+3.5%), from €1.4m to €1.5m
of which Distributable reserves: +€49,365
Income statement
- Financial income +€46,095
up €46,095 (+78,127%), from €59 to €46,154
of which Non-recurring financial income: +€46,154
- Goods and materials -€44,122
down €44,122 (-71.7%), from €61,524 to €17,402
- Services and other goods +€37,256
up €37,256 (+33.2%), from €112,319 to €149,575
- Other operating income +€33,212
up €33,212 (+33.8%), from €98,264 to €131,476
- Staff costs +€21,950
up €21,950 (+7.8%), from €281,327 to €303,277
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
€11,344
Turnover
-€13,118
Other operating income
+€33,212
Goods and materials
+€44,122
Services and other goods
-€37,256
Staff costs
-€21,950
Depreciation
-€906
Other operating charges
+€254
Other operating items
-€413
Financial income
+€46,095
Financial charges
+€948
Taxes
-€12,967
Result 2025
€49,365
raises the resultlowers the resultnot broken down further in the accounts
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
-€47,355
Investment
+€53,846
Financing
€0
Cash 2024
€15,840
From operations (derived)
-€47,355
Net result for the year
+€49,365
Depreciation
+€1,807
Receivables within one year
-€33,254
Deferred charges and accrued income
+€1,408
Trade debts
-€21,633
Tax, wage and social debts
+€21,272
Other debts
-€62,226
Accrued charges and deferred income
-€4,094
Investment (derived)
+€53,846
Investment in fixed assets (net)
+€53,846
Cash 2025
€22,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,245,585 | €4,228,269 | -€17,316 | -0.4% |
| Fixed assets | 21/28 | €4,102,843 | €4,047,190 | -€55,653 | -1.4% |
| Tangible fixed assets | 22/27 | €425,743 | €370,090 | -€55,653 | -13.1% |
| Land and buildings | 22 | €77,740 | €23,266 | -€54,474 | -70.1% |
| Plant, machinery and equipment | 23 | €1,152 | €639 | -€513 | -44.5% |
| Furniture and vehicles | 24 | €2,994 | €2,328 | -€666 | -22.2% |
| Other tangible fixed assets | 26 | €343,857 | €343,857 | = | 0.0% |
| Financial fixed assets | 28 | €3,677,100 | €3,677,100 | = | 0.0% |
| Affiliated companies | 280/1 | €3,677,100 | €3,677,100 | = | 0.0% |
| Participating interests | 280 | €3,677,100 | €3,677,100 | = | 0.0% |
| Current assets | 29/58 | €142,742 | €181,079 | +€38,337 | +26.9% |
| Amounts receivable within one year | 40/41 | €125,494 | €158,748 | +€33,254 | +26.5% |
| Trade receivables | 40 | €109,494 | €158,748 | +€49,254 | +45.0% |
| Other amounts receivable | 41 | €16,000 | - | -€16,000 | |
| Cash at bank and in hand | 54/58 | €15,840 | €22,331 | +€6,491 | +41.0% |
| Deferred charges and accrued income | 490/1 | €1,408 | - | -€1,408 | |
| Total equity and liabilities | 10/49 | €4,245,585 | €4,228,269 | -€17,316 | -0.4% |
| Equity | 10/15 | €2,985,506 | €3,034,871 | +€49,365 | +1.7% |
| Contributions | 10/11 | €1,541,039 | €1,541,039 | = | 0.0% |
| Capital | 10 | €1,541,039 | €1,541,039 | = | 0.0% |
| Issued capital | 100 | €1,541,039 | €1,541,039 | = | 0.0% |
| Revaluation surpluses | 12 | €20,012 | €20,012 | = | 0.0% |
| Reserves | 13 | €1,424,455 | €1,473,820 | +€49,365 | +3.5% |
| Non-distributable reserves | 130/1 | €154,104 | €154,104 | = | 0.0% |
| Legal reserve | 130 | €154,104 | €154,104 | = | 0.0% |
| Distributable reserves | 133 | €1,270,351 | €1,319,716 | +€49,365 | +3.9% |
| Amounts payable | 17/49 | €1,260,079 | €1,193,398 | -€66,681 | -5.3% |
| Amounts payable within one year | 42/48 | €1,224,182 | €1,161,595 | -€62,587 | -5.1% |
| Trade debts | 44 | €111,079 | €89,446 | -€21,633 | -19.5% |
| Suppliers | 440/4 | €111,079 | €89,446 | -€21,633 | -19.5% |
| Taxes, remuneration and social security | 45 | €43,483 | €64,755 | +€21,272 | +48.9% |
| Taxes | 450/3 | - | €21,000 | +€21,000 | |
| Remuneration and social security | 454/9 | €43,483 | €43,755 | +€272 | +0.6% |
| Other amounts payable | 47/48 | €1,069,620 | €1,007,394 | -€62,226 | -5.8% |
| Accrued charges and deferred income | 492/3 | €35,897 | €31,803 | -€4,094 | -11.4% |
| Operating income | 70/76A | €509,951 | €529,632 | +€19,681 | +3.9% |
| Turnover | 70 | €411,274 | €398,156 | -€13,118 | -3.2% |
| Other operating income | 74 | €98,264 | €131,476 | +€33,212 | +33.8% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Operating charges | 60/66A | €458,230 | €473,966 | +€15,736 | +3.4% |
| Goods for resale, raw materials and consumables | 60 | €61,524 | €17,402 | -€44,122 | -71.7% |
| Purchases | 600/8 | €61,524 | €17,402 | -€44,122 | -71.7% |
| Services and other goods | 61 | €112,319 | €149,575 | +€37,256 | +33.2% |
| Remuneration, social security and pensions | 62 | €281,327 | €303,277 | +€21,950 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €901 | €1,807 | +€906 | +101% |
| Other operating charges | 640/8 | €2,159 | €1,905 | -€254 | -11.8% |
| Operating profit (loss) | 9901 | €51,721 | €55,666 | +€3,945 | +7.6% |
| Financial income | 75/76B | €59 | €46,154 | +€46,095 | +78,127% |
| Recurring financial income | 75 | €59 | €46,154 | +€46,095 | +78,127% |
| Other financial income | 752/9 | €59 | - | -€59 | |
| Non-recurring financial income | 76B | - | €46,154 | +€46,154 | |
| Financial charges | 65/66B | €32,350 | €31,402 | -€948 | -2.9% |
| Recurring financial charges | 65 | €32,350 | €31,402 | -€948 | -2.9% |
| Debt charges | 650 | €31,755 | €30,825 | -€930 | -2.9% |
| Other financial charges | 652/9 | €595 | €577 | -€18 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €19,430 | €70,418 | +€50,988 | +262% |
| Income taxes | 67/77 | €8,086 | €21,053 | +€12,967 | +160% |
| Taxes | 670/3 | €8,086 | €21,053 | +€12,967 | +160% |
| Profit (loss) for the period | 9904 | €11,344 | €49,365 | +€38,021 | +335% |
| Transfer from tax-exempt reserves | 789 | €62,708 | - | -€62,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,052 | €49,365 | -€24,687 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.