GROWER: 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.
GROWER
Largest movements
- Receivables within one year +€42,487
up €42,487 (+42.5%), from €100,001 to €142,488
of which Other amounts receivable: +€51,825
- Cash +€37,511
up €37,511 (+14.3%), from €262,140 to €299,651
mainly Net result for the year (+€59,993) and Tax, wage and social debts (+€21,135)
- Tangible fixed assets +€28,792
up €28,792 (+840.7%), from €3,425 to €32,216
- Deferred charges and accrued income -€16,707
down €16,707 (-92.2%), from €18,119 to €1,412
- Reserves +€59,993
up €59,993 (+18.1%), from €331,328 to €391,322
- Tax, wage and social debts +€21,135
up €21,135 (+76.0%), from €27,798 to €48,933
- Trade debts +€10,010
up €10,010 (+155.3%), from €6,447 to €16,456
- Financial charges -€75,286
down €75,286 (-98.4%), from €76,480 to €1,194
of which Non-recurring financial charges: -€75,016
- Gross operating margin -€44,501
down €44,501 (-30.2%), from €147,131 to €102,630
- Write-downs +€12,000
new in 2025: €12,000
- Taxes -€11,052
down €11,052 (-29.2%), from €37,845 to €26,792
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 | €384,165 | €475,968 | +€91,803 | +23.9% |
| Fixed assets | 21/28 | €3,905 | €32,416 | +€28,511 | +730.1% |
| Tangible fixed assets | 22/27 | €3,425 | €32,216 | +€28,792 | +840.7% |
| Furniture and vehicles | 24 | €3,425 | €32,216 | +€28,792 | +840.7% |
| Financial fixed assets | 28 | €481 | €200 | -€281 | -58.4% |
| Current assets | 29/58 | €380,260 | €443,551 | +€63,292 | +16.6% |
| Amounts receivable within one year | 40/41 | €100,001 | €142,488 | +€42,487 | +42.5% |
| Trade receivables | 40 | €65,260 | €55,922 | -€9,338 | -14.3% |
| Other amounts receivable | 41 | €34,741 | €86,566 | +€51,825 | +149.2% |
| Cash at bank and in hand | 54/58 | €262,140 | €299,651 | +€37,511 | +14.3% |
| Deferred charges and accrued income | 490/1 | €18,119 | €1,412 | -€16,707 | -92.2% |
| Total equity and liabilities | 10/49 | €384,165 | €475,968 | +€91,803 | +23.9% |
| Equity | 10/15 | €349,920 | €409,914 | +€59,993 | +17.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €331,328 | €391,322 | +€59,993 | +18.1% |
| Distributable reserves | 133 | €331,328 | €391,322 | +€59,993 | +18.1% |
| Amounts payable | 17/49 | €34,244 | €66,054 | +€31,810 | +92.9% |
| Amounts payable within one year | 42/48 | €34,244 | €66,046 | +€31,802 | +92.9% |
| Trade debts | 44 | €6,447 | €16,456 | +€10,010 | +155.3% |
| Suppliers | 440/4 | €6,447 | €16,456 | +€10,010 | +155.3% |
| Advances received on contracts in progress | 46 | - | €657 | +€657 | |
| Taxes, remuneration and social security | 45 | €27,798 | €48,933 | +€21,135 | +76.0% |
| Taxes | 450/3 | €27,798 | €48,933 | +€21,135 | +76.0% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,184 | €2,342 | -€842 | -26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,000 | +€12,000 | |
| Other operating charges | 640/8 | €683 | €1,136 | +€452 | +66.2% |
| Gross operating margin | 9900 | €147,131 | €102,630 | -€44,501 | -30.2% |
| Operating profit (loss) | 9901 | €143,263 | €87,152 | -€56,111 | -39.2% |
| Financial income | 75/76B | €1,326 | €828 | -€499 | -37.6% |
| Recurring financial income | 75 | €1,326 | €828 | -€499 | -37.6% |
| Financial charges | 65/66B | €76,480 | €1,194 | -€75,286 | -98.4% |
| Recurring financial charges | 65 | €1,464 | €1,194 | -€270 | -18.4% |
| Non-recurring financial charges | 66B | €75,016 | - | -€75,016 | |
| Profit (loss) for the period before taxes | 9903 | €68,110 | €86,786 | +€18,676 | +27.4% |
| Income taxes | 67/77 | €37,845 | €26,792 | -€11,052 | -29.2% |
| Profit (loss) for the period | 9904 | €30,265 | €59,993 | +€29,728 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,265 | €59,993 | +€29,728 | +98.2% |
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.