GROW consultancy: 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 consultancy
Largest movements
- Cash +€22,789
up €22,789 (+37.1%), from €61,452 to €84,241
mainly Net result for the year (+€37,358) and Receivables within one year (+€3,278)
- Tangible fixed assets +€6,958
up €6,958 (+870%), from €800 to €7,758
of which Other tangible fixed assets: +€5,824
- Receivables within one year -€3,278
down €3,278 (-18.7%), from €17,578 to €14,300
- Reserves +€36,520
up €36,520 (+72.8%), from €50,180 to €86,700
- Tax, wage and social debts -€9,255
down €9,255 (-42.7%), from €21,692 to €12,437
- Gross operating margin -€16,386
down €16,386 (-24.3%), from €67,486 to €51,100
- Taxes -€3,449
down €3,449 (-25.7%), from €13,415 to €9,966
- Financial charges +€1,770
up €1,770 (+191%), from €927 to €2,698
- Depreciation -€1,100
down €1,100 (-56.8%), from €1,935 to €835
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 | €81,451 | €107,752 | +€26,301 | +32.3% |
| Formation expenses | 20 | €172 | - | -€172 | |
| Fixed assets | 21/28 | €800 | €7,758 | +€6,958 | +870% |
| Tangible fixed assets | 22/27 | €800 | €7,758 | +€6,958 | +870% |
| Plant, machinery and equipment | 23 | €800 | €631 | -€168 | -21.0% |
| Furniture and vehicles | 24 | - | €1,302 | +€1,302 | |
| Other tangible fixed assets | 26 | - | €5,824 | +€5,824 | |
| Current assets | 29/58 | €80,480 | €99,994 | +€19,514 | +24.2% |
| Amounts receivable within one year | 40/41 | €17,578 | €14,300 | -€3,278 | -18.7% |
| Trade receivables | 40 | €17,578 | €14,300 | -€3,278 | -18.7% |
| Cash at bank and in hand | 54/58 | €61,452 | €84,241 | +€22,789 | +37.1% |
| Deferred charges and accrued income | 490/1 | €1,449 | €1,453 | +€4 | +0.2% |
| Total equity and liabilities | 10/49 | €81,451 | €107,752 | +€26,301 | +32.3% |
| Equity | 10/15 | €53,184 | €89,709 | +€36,525 | +68.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,180 | €86,700 | +€36,520 | +72.8% |
| Distributable reserves | 133 | €50,180 | €86,700 | +€36,520 | +72.8% |
| Profit (loss) carried forward | 14 | €4 | €9 | +€5 | +104% |
| Amounts payable | 17/49 | €28,267 | €18,043 | -€10,224 | -36.2% |
| Amounts payable within one year | 42/48 | €27,949 | €17,843 | -€10,105 | -36.2% |
| Trade debts | 44 | €4,161 | €3,293 | -€869 | -20.9% |
| Suppliers | 440/4 | €4,161 | €3,293 | -€869 | -20.9% |
| Taxes, remuneration and social security | 45 | €21,692 | €12,437 | -€9,255 | -42.7% |
| Taxes | 450/3 | €21,692 | €12,437 | -€9,255 | -42.7% |
| Other amounts payable | 47/48 | €2,095 | €2,114 | +€19 | +0.9% |
| Accrued charges and deferred income | 492/3 | €318 | €200 | -€119 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,935 | €835 | -€1,100 | -56.8% |
| Other operating charges | 640/8 | €211 | €304 | +€93 | +44.0% |
| Gross operating margin | 9900 | €67,486 | €51,100 | -€16,386 | -24.3% |
| Operating profit (loss) | 9901 | €65,340 | €49,961 | -€15,379 | -23.5% |
| Financial income | 75/76B | €20 | €60 | +€40 | +200% |
| Recurring financial income | 75 | €20 | €60 | +€40 | +200% |
| Financial charges | 65/66B | €927 | €2,698 | +€1,770 | +191% |
| Recurring financial charges | 65 | €927 | €2,698 | +€1,770 | +191% |
| Profit (loss) for the period before taxes | 9903 | €64,432 | €47,323 | -€17,109 | -26.6% |
| Income taxes | 67/77 | €13,415 | €9,966 | -€3,449 | -25.7% |
| Profit (loss) for the period | 9904 | €51,017 | €37,358 | -€13,660 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,017 | €37,358 | -€13,660 | -26.8% |
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 15 October 2026 via checked.be.