GROWINFO: 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.
GROWINFO
Largest movements
- Receivables within one year +€42,548
up €42,548 (+44.8%), from €94,963 to €137,511
of which Trade receivables: +€47,437
- Cash -€19,850
down €19,850 (-91.0%), from €21,802 to €1,952
mainly Receivables within one year (-€42,548) and Tax, wage and social debts (-€26)
- Trade debts +€22,064
up €22,064 (+42.2%), from €52,226 to €74,290
- Gross operating margin -€878
down €878 (-42.2%), from €2,081 to €1,202
- Other operating charges -€626
down €626 (-53.5%), from €1,170 to €544
- Financial income +€377
new in 2025: €377
- Financial charges -€154
down €154 (-51.4%), from €300 to €146
- Taxes -€26
down €26 (-4.5%), from €586 to €559
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 | €130,619 | €152,987 | +€22,368 | +17.1% |
| Fixed assets | 21/28 | €220 | €220 | = | 0.0% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €130,399 | €152,767 | +€22,368 | +17.2% |
| Amounts receivable within one year | 40/41 | €94,963 | €137,511 | +€42,548 | +44.8% |
| Trade receivables | 40 | €83,373 | €130,809 | +€47,437 | +56.9% |
| Other amounts receivable | 41 | €11,590 | €6,701 | -€4,889 | -42.2% |
| Current investments | 50/53 | €12,630 | €12,630 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,802 | €1,952 | -€19,850 | -91.0% |
| Deferred charges and accrued income | 490/1 | €1,004 | €674 | -€330 | -32.9% |
| Total equity and liabilities | 10/49 | €130,619 | €152,987 | +€22,368 | +17.1% |
| Equity | 10/15 | €77,727 | €78,057 | +€331 | +0.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €15,630 | €15,630 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,630 | €12,630 | = | 0.0% |
| Own shares acquired | 1312 | €12,630 | €12,630 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,097 | €32,427 | +€331 | +1.0% |
| Amounts payable | 17/49 | €52,892 | €74,929 | +€22,037 | +41.7% |
| Amounts payable within one year | 42/48 | €52,892 | €74,929 | +€22,037 | +41.7% |
| Trade debts | 44 | €52,226 | €74,290 | +€22,064 | +42.2% |
| Suppliers | 440/4 | €52,226 | €74,290 | +€22,064 | +42.2% |
| Taxes, remuneration and social security | 45 | €586 | €559 | -€26 | -4.5% |
| Taxes | 450/3 | €586 | €559 | -€26 | -4.5% |
| Other amounts payable | 47/48 | €80 | €80 | = | 0.0% |
| Other operating charges | 640/8 | €1,170 | €544 | -€626 | -53.5% |
| Gross operating margin | 9900 | €2,081 | €1,202 | -€878 | -42.2% |
| Operating profit (loss) | 9901 | €911 | €659 | -€252 | -27.7% |
| Financial income | 75/76B | - | €377 | +€377 | |
| Recurring financial income | 75 | - | €377 | +€377 | |
| Financial charges | 65/66B | €300 | €146 | -€154 | -51.4% |
| Recurring financial charges | 65 | €300 | €146 | -€154 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €611 | €890 | +€279 | +45.7% |
| Income taxes | 67/77 | €586 | €559 | -€26 | -4.5% |
| Profit (loss) for the period | 9904 | €25 | €331 | +€306 | +1,222% |
| Profit (loss) for the period to be appropriated | 9905 | €25 | €331 | +€306 | +1,222% |
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 20 October 2026 via checked.be.