Grow 3.0: 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.
Grow 3.0
Largest movements
- Receivables within one year +€14,160
new in 2025: €14,160
of which Other amounts receivable: +€13,310
- Cash -€7,485
down €7,485 (-83.1%), from €9,007 to €1,522
mainly Other debts (-€20,744) and Receivables within one year (-€14,160)
- Tangible fixed assets +€3,334
up €3,334 (+222%), from €1,503 to €4,837
of which Other tangible fixed assets: +€2,478
- Profit (loss) carried forward +€24,695
up €24,695 (+56.9%), from -€43,381 to -€18,686
- Other debts -€20,744
down €20,744 (-75.1%), from €27,622 to €6,878
- Tax, wage and social debts +€15,594
up €15,594 (+384%), from €4,065 to €19,659
- Trade debts -€9,416
down €9,416 (-72.9%), from €12,915 to €3,499
- Gross operating margin +€40,193
up €40,193 (+2,012%), from €1,998 to €42,191
- Taxes +€13,511
up €13,511 (+2,995%), from €451 to €13,963
- Financial charges -€1,993
down €1,993 (-73.4%), from €2,714 to €721
- Depreciation +€536
up €536 (+42.5%), from €1,261 to €1,797
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 | €14,188 | €24,320 | +€10,132 | +71.4% |
| Fixed assets | 21/28 | €1,528 | €4,862 | +€3,334 | +218% |
| Tangible fixed assets | 22/27 | €1,503 | €4,837 | +€3,334 | +222% |
| Plant, machinery and equipment | 23 | €1,503 | €1,339 | -€163 | -10.9% |
| Furniture and vehicles | 24 | - | €1,019 | +€1,019 | |
| Other tangible fixed assets | 26 | - | €2,478 | +€2,478 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €12,660 | €19,459 | +€6,798 | +53.7% |
| Amounts receivable within one year | 40/41 | - | €14,160 | +€14,160 | |
| Trade receivables | 40 | - | €850 | +€850 | |
| Other amounts receivable | 41 | - | €13,310 | +€13,310 | |
| Cash at bank and in hand | 54/58 | €9,007 | €1,522 | -€7,485 | -83.1% |
| Deferred charges and accrued income | 490/1 | €3,653 | €3,776 | +€123 | +3.4% |
| Total equity and liabilities | 10/49 | €14,188 | €24,320 | +€10,132 | +71.4% |
| Equity | 10/15 | -€30,561 | -€5,866 | +€24,695 | +80.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €420 | €420 | = | 0.0% |
| Distributable reserves | 133 | €420 | €420 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,381 | -€18,686 | +€24,695 | +56.9% |
| Amounts payable | 17/49 | €44,749 | €30,186 | -€14,563 | -32.5% |
| Amounts payable within one year | 42/48 | €44,602 | €30,036 | -€14,566 | -32.7% |
| Trade debts | 44 | €12,915 | €3,499 | -€9,416 | -72.9% |
| Suppliers | 440/4 | €12,915 | €3,499 | -€9,416 | -72.9% |
| Taxes, remuneration and social security | 45 | €4,065 | €19,659 | +€15,594 | +384% |
| Taxes | 450/3 | €4,065 | €19,659 | +€15,594 | +384% |
| Other amounts payable | 47/48 | €27,622 | €6,878 | -€20,744 | -75.1% |
| Accrued charges and deferred income | 492/3 | €147 | €150 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,261 | €1,797 | +€536 | +42.5% |
| Other operating charges | 640/8 | €1,395 | €1,028 | -€367 | -26.3% |
| Gross operating margin | 9900 | €1,998 | €42,191 | +€40,193 | +2,012% |
| Operating profit (loss) | 9901 | -€658 | €39,367 | +€40,024 | |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €2,714 | €721 | -€1,993 | -73.4% |
| Recurring financial charges | 65 | €2,714 | €721 | -€1,993 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,372 | €38,658 | +€42,030 | |
| Income taxes | 67/77 | €451 | €13,963 | +€13,511 | +2,995% |
| Profit (loss) for the period | 9904 | -€3,823 | €24,695 | +€28,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,823 | €24,695 | +€28,518 |
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 25 October 2026 via checked.be.