grow training: 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 training
Largest movements
- Cash +€4,097
up €4,097 (+167%), from €2,453 to €6,550
mainly Net result for the year (+€8,652) and Depreciation (+€7,598)
- Receivables within one year +€3,966
up €3,966 (+30.1%), from €13,181 to €17,147
of which Other amounts receivable: +€3,461
- Tangible fixed assets -€3,513
down €3,513 (-25.8%), from €13,619 to €10,106
of which Leasing and similar rights: -€4,086
- Reserves +€8,652
up €8,652 (+88.8%), from €9,747 to €18,399
- Tax, wage and social debts -€4,122
down €4,122 (-28.8%), from €14,335 to €10,213
of which Taxes: -€4,437
- Debts after one year +€2,012
new in 2026: €2,012
- Current portion of long-term debt -€1,030
down €1,030 (-59.4%), from €1,735 to €705
- Trade debts -€1,011
down €1,011 (-22.4%), from €4,520 to €3,509
- Staff costs +€7,384
up €7,384 (+50.4%), from €14,637 to €22,021
- Gross operating margin +€6,516
up €6,516 (+18.0%), from €36,203 to €42,719
- Financial charges +€577
up €577 (+217%), from €265 to €842
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,338 | €36,838 | +€4,500 | +13.9% |
| Fixed assets | 21/28 | €15,494 | €11,981 | -€3,513 | -22.7% |
| Tangible fixed assets | 22/27 | €13,619 | €10,106 | -€3,513 | -25.8% |
| Plant, machinery and equipment | 23 | €9,533 | €7,294 | -€2,239 | -23.5% |
| Furniture and vehicles | 24 | - | €2,812 | +€2,812 | |
| Leasing and similar rights | 25 | €4,086 | - | -€4,086 | |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €16,844 | €24,857 | +€8,013 | +47.6% |
| Amounts receivable within one year | 40/41 | €13,181 | €17,147 | +€3,966 | +30.1% |
| Trade receivables | 40 | €11,080 | €11,585 | +€505 | +4.6% |
| Other amounts receivable | 41 | €2,101 | €5,562 | +€3,461 | +165% |
| Cash at bank and in hand | 54/58 | €2,453 | €6,550 | +€4,097 | +167% |
| Deferred charges and accrued income | 490/1 | €1,210 | €1,160 | -€49 | -4.1% |
| Total equity and liabilities | 10/49 | €32,338 | €36,838 | +€4,500 | +13.9% |
| Equity | 10/15 | €11,747 | €20,399 | +€8,652 | +73.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,747 | €18,399 | +€8,652 | +88.8% |
| Distributable reserves | 133 | €9,747 | €18,399 | +€8,652 | +88.8% |
| Amounts payable | 17/49 | €20,591 | €16,439 | -€4,152 | -20.2% |
| Amounts payable after more than one year | 17 | - | €2,012 | +€2,012 | |
| Financial debts | 170/4 | - | €2,012 | +€2,012 | |
| Amounts payable within one year | 42/48 | €20,591 | €14,427 | -€6,164 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €1,735 | €705 | -€1,030 | -59.4% |
| Trade debts | 44 | €4,520 | €3,509 | -€1,011 | -22.4% |
| Suppliers | 440/4 | €4,520 | €3,509 | -€1,011 | -22.4% |
| Taxes, remuneration and social security | 45 | €14,335 | €10,213 | -€4,122 | -28.8% |
| Taxes | 450/3 | €11,241 | €6,805 | -€4,437 | -39.5% |
| Remuneration and social security | 454/9 | €3,094 | €3,408 | +€314 | +10.2% |
| Remuneration, social security and pensions | 62 | €14,637 | €22,021 | +€7,384 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,617 | €7,598 | -€19 | -0.2% |
| Other operating charges | 640/8 | €846 | €628 | -€218 | -25.7% |
| Gross operating margin | 9900 | €36,203 | €42,719 | +€6,516 | +18.0% |
| Operating profit (loss) | 9901 | €13,103 | €12,472 | -€632 | -4.8% |
| Financial income | 75/76B | €88 | €176 | +€88 | +99.8% |
| Recurring financial income | 75 | €88 | €176 | +€88 | +99.8% |
| Financial charges | 65/66B | €265 | €842 | +€577 | +217% |
| Recurring financial charges | 65 | €265 | €842 | +€577 | +217% |
| Profit (loss) for the period before taxes | 9903 | €12,926 | €11,806 | -€1,120 | -8.7% |
| Income taxes | 67/77 | €3,179 | €3,154 | -€25 | -0.8% |
| Profit (loss) for the period | 9904 | €9,747 | €8,652 | -€1,096 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,747 | €8,652 | -€1,096 | -11.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.