Grow-Track: 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-Track
Largest movements
- Current investments -€39,209
down €39,209 (-41.3%), from €94,866 to €55,657
- Receivables within one year +€5,928
up €5,928 (+16.5%), from €35,823 to €41,751
of which Other amounts receivable: +€5,245
- Reserves -€30,000
down €30,000 (-14.0%), from €213,768 to €183,768
- Tax, wage and social debts -€8,603
down €8,603 (-36.8%), from €23,390 to €14,787
of which Taxes: -€8,617
- Depreciation +€1,798
up €1,798 (+11.0%), from €16,374 to €18,172
- Financial charges -€1,236
down €1,236 (-12.6%), from €9,800 to €8,564
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 | €395,927 | €359,024 | -€36,903 | -9.3% |
| Fixed assets | 21/28 | €258,732 | €257,626 | -€1,106 | -0.4% |
| Tangible fixed assets | 22/27 | €258,732 | €256,626 | -€2,106 | -0.8% |
| Land and buildings | 22 | €233,181 | €226,848 | -€6,333 | -2.7% |
| Furniture and vehicles | 24 | €23,465 | €28,000 | +€4,535 | +19.3% |
| Other tangible fixed assets | 26 | €2,087 | €1,779 | -€308 | -14.8% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €137,194 | €101,398 | -€35,797 | -26.1% |
| Amounts receivable within one year | 40/41 | €35,823 | €41,751 | +€5,928 | +16.5% |
| Trade receivables | 40 | €31,323 | €32,006 | +€683 | +2.2% |
| Other amounts receivable | 41 | €4,500 | €9,745 | +€5,245 | +117% |
| Current investments | 50/53 | €94,866 | €55,657 | -€39,209 | -41.3% |
| Cash at bank and in hand | 54/58 | €2,874 | - | -€2,874 | |
| Deferred charges and accrued income | 490/1 | €3,631 | €3,989 | +€358 | +9.9% |
| Total equity and liabilities | 10/49 | €395,927 | €359,024 | -€36,903 | -9.3% |
| Equity | 10/15 | €246,155 | €216,895 | -€29,260 | -11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,768 | €183,768 | -€30,000 | -14.0% |
| Distributable reserves | 133 | €213,768 | €183,768 | -€30,000 | -14.0% |
| Profit (loss) carried forward | 14 | €26,187 | €26,927 | +€740 | +2.8% |
| Amounts payable | 17/49 | €149,772 | €142,129 | -€7,643 | -5.1% |
| Amounts payable within one year | 42/48 | €149,772 | €142,129 | -€7,643 | -5.1% |
| Trade debts | 44 | €4,971 | €7,612 | +€2,641 | +53.1% |
| Suppliers | 440/4 | €4,971 | €7,612 | +€2,641 | +53.1% |
| Taxes, remuneration and social security | 45 | €23,390 | €14,787 | -€8,603 | -36.8% |
| Taxes | 450/3 | €21,745 | €13,128 | -€8,617 | -39.6% |
| Remuneration and social security | 454/9 | €1,645 | €1,659 | +€14 | +0.9% |
| Other amounts payable | 47/48 | €121,410 | €119,729 | -€1,681 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,374 | €18,172 | +€1,798 | +11.0% |
| Other operating charges | 640/8 | €1,290 | €1,364 | +€74 | +5.8% |
| Gross operating margin | 9900 | €89,443 | €88,819 | -€624 | -0.7% |
| Operating profit (loss) | 9901 | €71,780 | €69,282 | -€2,497 | -3.5% |
| Financial income | 75/76B | €261 | €578 | +€317 | +121% |
| Recurring financial income | 75 | €261 | €578 | +€317 | +121% |
| Financial charges | 65/66B | €9,800 | €8,564 | -€1,236 | -12.6% |
| Recurring financial charges | 65 | €9,800 | €8,564 | -€1,236 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €62,241 | €61,297 | -€944 | -1.5% |
| Income taxes | 67/77 | €21,049 | €20,557 | -€492 | -2.3% |
| Profit (loss) for the period | 9904 | €41,192 | €40,740 | -€452 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,192 | €40,740 | -€452 | -1.1% |
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 19 October 2026 via checked.be.