GROW NOW: what changed
Two fiscal 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 NOW
Largest movements
- Cash -€39,786
down €39,786 (-27.6%), from €144,261 to €104,475
mainly Contributions, distributions and other (-€80,000) and Other debts (-€30,121)
- Other debts -€30,121
down €30,121 (-27.3%), from €110,191 to €80,071
- Tax, wage and social debts -€12,652
no longer reported in 2025 (was €12,652)
- Gross operating margin -€41,901
down €41,901 (-28.9%), from €145,142 to €103,240
- Taxes -€10,557
down €10,557 (-33.6%), from €31,390 to €20,834
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 | €171,197 | €130,691 | -€40,506 | -23.7% |
| Fixed assets | 21/28 | €2,534 | €1,494 | -€1,041 | -41.1% |
| Tangible fixed assets | 22/27 | €2,504 | €1,464 | -€1,041 | -41.6% |
| Furniture and vehicles | 24 | €2,504 | €1,464 | -€1,041 | -41.6% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €168,662 | €129,198 | -€39,465 | -23.4% |
| Amounts receivable within one year | 40/41 | €20,936 | €20,726 | -€210 | -1.0% |
| Trade receivables | 40 | €8,476 | €15,537 | +€7,061 | +83.3% |
| Other amounts receivable | 41 | €12,460 | €5,188 | -€7,272 | -58.4% |
| Cash at bank and in hand | 54/58 | €144,261 | €104,475 | -€39,786 | -27.6% |
| Deferred charges and accrued income | 490/1 | €3,466 | €3,997 | +€532 | +15.3% |
| Total equity and liabilities | 10/49 | €171,197 | €130,691 | -€40,506 | -23.7% |
| Equity | 10/15 | €47,740 | €48,434 | +€695 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,280 | €27,974 | +€695 | +2.5% |
| Amounts payable | 17/49 | €123,457 | €82,257 | -€41,200 | -33.4% |
| Amounts payable within one year | 42/48 | €123,457 | €82,257 | -€41,200 | -33.4% |
| Trade debts | 44 | €614 | €2,186 | +€1,572 | +256.2% |
| Suppliers | 440/4 | €614 | €2,186 | +€1,572 | +256.2% |
| Taxes, remuneration and social security | 45 | €12,652 | - | -€12,652 | |
| Taxes | 450/3 | €12,652 | - | -€12,652 | |
| Other amounts payable | 47/48 | €110,191 | €80,071 | -€30,121 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719 | €1,041 | +€322 | +44.7% |
| Other operating charges | 640/8 | €737 | €600 | -€138 | -18.7% |
| Gross operating margin | 9900 | €145,142 | €103,240 | -€41,901 | -28.9% |
| Operating profit (loss) | 9901 | €143,685 | €101,600 | -€42,085 | -29.3% |
| Financial income | 75/76B | €34 | €1 | -€34 | -98.5% |
| Recurring financial income | 75 | €34 | €1 | -€34 | -98.5% |
| Financial charges | 65/66B | €72 | €72 | +€0 | +0.1% |
| Recurring financial charges | 65 | €72 | €72 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €143,647 | €101,528 | -€42,119 | -29.3% |
| Income taxes | 67/77 | €31,390 | €20,834 | -€10,557 | -33.6% |
| Profit (loss) for the period | 9904 | €112,257 | €80,695 | -€31,562 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,257 | €80,695 | -€31,562 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.