GROVO: 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.
GROVO
Largest movements
- Tangible fixed assets +€84,200
up €84,200 (+273.7%), from €30,764 to €114,964
of which Furniture and vehicles: +€70,988
- Receivables within one year +€11,545
up €11,545 (+241.5%), from €4,780 to €16,325
of which Trade receivables: +€14,181
- Receivables after one year -€10,755
no longer reported in 2025 (was €10,755)
- Stocks and contracts +€2,777
up €2,777 (+96.8%), from €2,867 to €5,644
- Debts after one year +€47,879
new in 2025: €47,879
- Other debts +€16,587
up €16,587 (+276.4%), from €6,000 to €22,587
- Trade debts +€15,595
up €15,595 (+3229.7%), from €483 to €16,078
- Current portion of long-term debt +€14,480
new in 2025: €14,480
- Reserves -€2,947
down €2,947 (-7.3%), from €40,142 to €37,195
- Depreciation +€6,560
up €6,560 (+60.6%), from €10,829 to €17,389
- Taxes -€2,799
no longer reported in 2025 (was €2,799)
- Financial charges +€2,485
up €2,485 (+83.3%), from €2,982 to €5,468
- Gross operating margin -€1,257
down €1,257 (-3.5%), from €36,248 to €34,991
- Staff costs +€556
up €556 (+4.4%), from €12,784 to €13,340
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.
Cash bridge derived
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 | €70,231 | €159,559 | +€89,328 | +127.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €30,764 | €114,964 | +€84,200 | +273.7% |
| Tangible fixed assets | 22/27 | €30,764 | €114,964 | +€84,200 | +273.7% |
| Land and buildings | 22 | €4,200 | €7,696 | +€3,496 | +83.2% |
| Plant, machinery and equipment | 23 | €26,557 | €36,273 | +€9,716 | +36.6% |
| Furniture and vehicles | 24 | €7 | €70,995 | +€70,988 | +1069101.7% |
| Current assets | 29/58 | €39,467 | €44,595 | +€5,128 | +13.0% |
| Amounts receivable after more than one year | 29 | €10,755 | - | -€10,755 | |
| Other amounts receivable | 291 | €10,755 | - | -€10,755 | |
| Stocks and contracts in progress | 3 | €2,867 | €5,644 | +€2,777 | +96.8% |
| Stocks | 30/36 | €2,867 | €5,644 | +€2,777 | +96.8% |
| Amounts receivable within one year | 40/41 | €4,780 | €16,325 | +€11,545 | +241.5% |
| Trade receivables | 40 | €1,661 | €15,843 | +€14,181 | +853.6% |
| Other amounts receivable | 41 | €3,119 | €483 | -€2,636 | -84.5% |
| Cash at bank and in hand | 54/58 | €20,848 | €22,136 | +€1,288 | +6.2% |
| Deferred charges and accrued income | 490/1 | €216 | €490 | +€274 | +126.7% |
| Total equity and liabilities | 10/49 | €70,231 | €159,559 | +€89,328 | +127.2% |
| Equity | 10/15 | €60,142 | €57,195 | -€2,947 | -4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,142 | €37,195 | -€2,947 | -7.3% |
| Distributable reserves | 133 | €40,142 | €37,195 | -€2,947 | -7.3% |
| Amounts payable | 17/49 | €10,088 | €102,363 | +€92,275 | +914.7% |
| Amounts payable after more than one year | 17 | - | €47,879 | +€47,879 | |
| Financial debts | 170/4 | - | €47,879 | +€47,879 | |
| Amounts payable within one year | 42/48 | €10,088 | €54,485 | +€44,397 | +440.1% |
| Current portion of amounts payable after more than one year | 42 | - | €14,480 | +€14,480 | |
| Trade debts | 44 | €483 | €16,078 | +€15,595 | +3229.7% |
| Suppliers | 440/4 | €483 | €16,078 | +€15,595 | +3229.7% |
| Taxes, remuneration and social security | 45 | €3,605 | €1,340 | -€2,265 | -62.8% |
| Taxes | 450/3 | €2,015 | €308 | -€1,708 | -84.7% |
| Remuneration and social security | 454/9 | €1,590 | €1,033 | -€557 | -35.1% |
| Other amounts payable | 47/48 | €6,000 | €22,587 | +€16,587 | +276.4% |
| Remuneration, social security and pensions | 62 | €12,784 | €13,340 | +€556 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,829 | €17,389 | +€6,560 | +60.6% |
| Other operating charges | 640/8 | €1,264 | €1,742 | +€478 | +37.8% |
| Gross operating margin | 9900 | €36,248 | €34,991 | -€1,257 | -3.5% |
| Operating profit (loss) | 9901 | €11,371 | €2,520 | -€8,850 | -77.8% |
| Financial income | 75/76B | €259 | - | -€259 | |
| Recurring financial income | 75 | €259 | - | -€259 | |
| Financial charges | 65/66B | €2,982 | €5,468 | +€2,485 | +83.3% |
| Recurring financial charges | 65 | €2,982 | €5,468 | +€2,485 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €8,647 | -€2,947 | -€11,594 | |
| Income taxes | 67/77 | €2,799 | - | -€2,799 | |
| Profit (loss) for the period | 9904 | €5,848 | -€2,947 | -€8,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,848 | -€2,947 | -€8,796 |
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 9 October 2026 via checked.be.