GROW TOGETHER: 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 TOGETHER
Largest movements
- Cash -€24,763
down €24,763 (-78.7%), from €31,472 to €6,708
mainly Contributions, distributions and other (-€22,945) and Receivables within one year (-€18,073)
- Receivables within one year +€18,073
up €18,073, from €0 to €18,073
of which Trade receivables: +€14,823
- Tangible fixed assets -€16,845
down €16,845 (-22.6%), from €74,550 to €57,705
of which Furniture and vehicles: -€19,530
- Deferred charges and accrued income +€4,006
up €4,006 (+678%), from €591 to €4,596
- Debts after one year -€11,523
down €11,523 (-23.8%), from €48,336 to €36,813
- Tax, wage and social debts -€6,087
down €6,087 (-41.3%), from €14,754 to €8,667
of which Taxes: -€6,087
- Other debts -€5,044
down €5,044 (-17.8%), from €28,334 to €23,290
- Trade debts +€2,921
up €2,921 (+243%), from €1,202 to €4,123
- Depreciation +€7,942
up €7,942 (+116%), from €6,873 to €14,815
- Taxes -€4,664
down €4,664 (-45.3%), from €10,307 to €5,642
- Financial charges +€1,443
up €1,443 (+334%), from €432 to €1,875
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 | €106,613 | €87,083 | -€19,530 | -18.3% |
| Fixed assets | 21/28 | €74,550 | €57,705 | -€16,845 | -22.6% |
| Tangible fixed assets | 22/27 | €74,550 | €57,705 | -€16,845 | -22.6% |
| Plant, machinery and equipment | 23 | €471 | €3,156 | +€2,685 | +570% |
| Furniture and vehicles | 24 | €74,079 | €54,549 | -€19,530 | -26.4% |
| Current assets | 29/58 | €32,063 | €29,377 | -€2,685 | -8.4% |
| Amounts receivable within one year | 40/41 | €0 | €18,073 | +€18,073 | |
| Trade receivables | 40 | €0 | €14,823 | +€14,823 | |
| Other amounts receivable | 41 | - | €3,250 | +€3,250 | |
| Cash at bank and in hand | 54/58 | €31,472 | €6,708 | -€24,763 | -78.7% |
| Deferred charges and accrued income | 490/1 | €591 | €4,596 | +€4,006 | +678% |
| Total equity and liabilities | 10/49 | €106,613 | €87,083 | -€19,530 | -18.3% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,113 | €84,583 | -€19,530 | -18.8% |
| Amounts payable after more than one year | 17 | €48,336 | €36,813 | -€11,523 | -23.8% |
| Financial debts | 170/4 | €48,336 | €36,813 | -€11,523 | -23.8% |
| Amounts payable within one year | 42/48 | €55,777 | €47,770 | -€8,007 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €11,168 | €11,523 | +€355 | +3.2% |
| Financial debts | 43 | €319 | €166 | -€153 | -47.9% |
| Credit institutions | 430/8 | €319 | €166 | -€153 | -47.9% |
| Trade debts | 44 | €1,202 | €4,123 | +€2,921 | +243% |
| Suppliers | 440/4 | €1,202 | €4,123 | +€2,921 | +243% |
| Taxes, remuneration and social security | 45 | €14,754 | €8,667 | -€6,087 | -41.3% |
| Taxes | 450/3 | €14,754 | €8,667 | -€6,087 | -41.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €28,334 | €23,290 | -€5,044 | -17.8% |
| Non-recurring operating income | 76A | - | €14,704 | +€14,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,873 | €14,815 | +€7,942 | +116% |
| Other operating charges | 640/8 | €611 | €648 | +€37 | +6.0% |
| Gross operating margin | 9900 | €46,275 | €45,921 | -€353 | -0.8% |
| Operating profit (loss) | 9901 | €38,791 | €30,459 | -€8,332 | -21.5% |
| Financial income | 75/76B | €23 | €4 | -€19 | -84.5% |
| Recurring financial income | 75 | €23 | €4 | -€19 | -84.5% |
| Financial charges | 65/66B | €432 | €1,875 | +€1,443 | +334% |
| Recurring financial charges | 65 | €432 | €1,875 | +€1,443 | +334% |
| Profit (loss) for the period before taxes | 9903 | €38,381 | €28,587 | -€9,793 | -25.5% |
| Income taxes | 67/77 | €10,307 | €5,642 | -€4,664 | -45.3% |
| Profit (loss) for the period | 9904 | €28,074 | €22,945 | -€5,129 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,074 | €22,945 | -€5,129 | -18.3% |
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 15 October 2026 via checked.be.