GROVÖ: 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.
GROVÖ
Largest movements
- Receivables within one year +€103,234
up €103,234 (+47.0%), from €219,600 to €322,833
of which Other amounts receivable: +€118,252
- Deferred charges and accrued income +€3,900
new in 2024: €3,900
- Other debts +€64,912
new in 2024: €64,912
- Profit (loss) carried forward +€27,623
up €27,623 (+36.9%), from €74,838 to €102,462
- Tax, wage and social debts +€9,840
up €9,840 (+16.7%), from €58,849 to €68,689
of which Remuneration and social security: +€5,223
- Staff costs +€50,627
up €50,627 (+94.5%), from €53,587 to €104,214
- Taxes -€13,808
down €13,808 (-48.8%), from €28,277 to €14,468
- Financial income +€6,214
up €6,214 (+119%), from €5,213 to €11,427
- Financial charges +€5,665
up €5,665 (+252%), from €2,244 to €7,910
- Other operating charges -€3,283
down €3,283 (-34.6%), from €9,489 to €6,206
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,507 | €343,279 | +€106,773 | +45.1% |
| Fixed assets | 21/28 | €7,493 | €6,212 | -€1,281 | -17.1% |
| Tangible fixed assets | 22/27 | €3,493 | €2,212 | -€1,281 | -36.7% |
| Furniture and vehicles | 24 | €3,493 | €2,212 | -€1,281 | -36.7% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €229,014 | €337,068 | +€108,054 | +47.2% |
| Stocks and contracts in progress | 3 | €1,288 | €910 | -€378 | -29.4% |
| Stocks | 30/36 | €1,288 | €910 | -€378 | -29.4% |
| Amounts receivable within one year | 40/41 | €219,600 | €322,833 | +€103,234 | +47.0% |
| Trade receivables | 40 | €71,318 | €56,300 | -€15,018 | -21.1% |
| Other amounts receivable | 41 | €148,282 | €266,533 | +€118,252 | +79.7% |
| Cash at bank and in hand | 54/58 | €8,126 | €9,424 | +€1,298 | +16.0% |
| Deferred charges and accrued income | 490/1 | - | €3,900 | +€3,900 | |
| Total equity and liabilities | 10/49 | €236,507 | €343,279 | +€106,773 | +45.1% |
| Equity | 10/15 | €103,738 | €131,362 | +€27,623 | +26.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €28,899 | €28,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,550 | €18,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,550 | €18,550 | = | 0.0% |
| Distributable reserves | 133 | €10,349 | €10,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,838 | €102,462 | +€27,623 | +36.9% |
| Amounts payable | 17/49 | €132,769 | €211,918 | +€79,149 | +59.6% |
| Amounts payable within one year | 42/48 | €132,769 | €211,918 | +€79,149 | +59.6% |
| Financial debts | 43 | - | €1,486 | +€1,486 | |
| Credit institutions | 430/8 | - | €1,486 | +€1,486 | |
| Trade debts | 44 | €73,920 | €76,830 | +€2,910 | +3.9% |
| Suppliers | 440/4 | €73,920 | €76,830 | +€2,910 | +3.9% |
| Taxes, remuneration and social security | 45 | €58,849 | €68,689 | +€9,840 | +16.7% |
| Taxes | 450/3 | €50,575 | €55,192 | +€4,617 | +9.1% |
| Remuneration and social security | 454/9 | €8,273 | €13,497 | +€5,223 | +63.1% |
| Other amounts payable | 47/48 | - | €64,912 | +€64,912 | |
| Remuneration, social security and pensions | 62 | €53,587 | €104,214 | +€50,627 | +94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €1,281 | +€149 | +13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,272 | +€2,272 | |
| Other operating charges | 640/8 | €9,489 | €6,206 | -€3,283 | -34.6% |
| Gross operating margin | 9900 | €152,264 | €152,547 | +€283 | +0.2% |
| Operating profit (loss) | 9901 | €88,056 | €38,575 | -€49,482 | -56.2% |
| Financial income | 75/76B | €5,213 | €11,427 | +€6,214 | +119% |
| Recurring financial income | 75 | €5,213 | €11,427 | +€6,214 | +119% |
| Financial charges | 65/66B | €2,244 | €7,910 | +€5,665 | +252% |
| Recurring financial charges | 65 | €2,244 | €7,910 | +€5,665 | +252% |
| Profit (loss) for the period before taxes | 9903 | €91,025 | €42,092 | -€48,933 | -53.8% |
| Income taxes | 67/77 | €28,277 | €14,468 | -€13,808 | -48.8% |
| Profit (loss) for the period | 9904 | €62,748 | €27,623 | -€35,125 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,748 | €27,623 | -€35,125 | -56.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.