GrowWell: 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.
GrowWell
Largest movements
- Cash +€34,746
up €34,746 (+45.5%), from €76,431 to €111,177
mainly Net result for the year (+€55,308) and Trade debts (+€11,838)
- Receivables within one year +€5,730
up €5,730 (+23.6%), from €24,249 to €29,978
of which Other amounts receivable: +€5,467
- Reserves +€55,308
up €55,308 (+91.7%), from €60,298 to €115,605
- Debts after one year -€15,000
down €15,000 (-9.7%), from €155,000 to €140,000
- Tax, wage and social debts -€12,640
down €12,640 (-67.1%), from €18,838 to €6,198
- Trade debts +€11,838
up €11,838 (+168.6%), from €7,020 to €18,858
- Gross operating margin +€22,040
up €22,040 (+31.6%), from €69,706 to €91,746
- Taxes +€5,826
up €5,826 (+31.9%), from €18,266 to €24,092
- Financial charges +€5,624
up €5,624 (+218.8%), from €2,570 to €8,193
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 | €246,116 | €284,881 | +€38,765 | +15.8% |
| Formation expenses | 20 | €1,157 | €520 | -€637 | -55.1% |
| Fixed assets | 21/28 | €1,560 | €728 | -€832 | -53.4% |
| Tangible fixed assets | 22/27 | €1,560 | €728 | -€832 | -53.4% |
| Plant, machinery and equipment | 23 | €1,560 | €728 | -€832 | -53.4% |
| Current assets | 29/58 | €243,399 | €283,634 | +€40,234 | +16.5% |
| Amounts receivable within one year | 40/41 | €24,249 | €29,978 | +€5,730 | +23.6% |
| Trade receivables | 40 | €23,627 | €23,890 | +€263 | +1.1% |
| Other amounts receivable | 41 | €622 | €6,088 | +€5,467 | +879.5% |
| Current investments | 50/53 | €140,000 | €140,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,431 | €111,177 | +€34,746 | +45.5% |
| Deferred charges and accrued income | 490/1 | €2,720 | €2,479 | -€241 | -8.9% |
| Total equity and liabilities | 10/49 | €246,116 | €284,881 | +€38,765 | +15.8% |
| Equity | 10/15 | €63,298 | €118,605 | +€55,308 | +87.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,298 | €115,605 | +€55,308 | +91.7% |
| Distributable reserves | 133 | €60,298 | €115,605 | +€55,308 | +91.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €182,819 | €166,276 | -€16,543 | -9.0% |
| Amounts payable after more than one year | 17 | €155,000 | €140,000 | -€15,000 | -9.7% |
| Other amounts payable | 178/9 | €155,000 | €140,000 | -€15,000 | -9.7% |
| Amounts payable within one year | 42/48 | €27,659 | €26,116 | -€1,543 | -5.6% |
| Financial debts | 43 | €0 | €1,059 | +€1,059 | |
| Credit institutions | 430/8 | €0 | €1,059 | +€1,059 | |
| Trade debts | 44 | €7,020 | €18,858 | +€11,838 | +168.6% |
| Suppliers | 440/4 | €7,020 | €18,858 | +€11,838 | +168.6% |
| Taxes, remuneration and social security | 45 | €18,838 | €6,198 | -€12,640 | -67.1% |
| Taxes | 450/3 | €18,838 | €6,198 | -€12,640 | -67.1% |
| Other amounts payable | 47/48 | €1,800 | €0 | -€1,800 | -100.0% |
| Accrued charges and deferred income | 492/3 | €160 | €160 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,353 | €1,469 | +€116 | +8.6% |
| Other operating charges | 640/8 | €3,168 | €3,259 | +€92 | +2.9% |
| Gross operating margin | 9900 | €69,706 | €91,746 | +€22,040 | +31.6% |
| Operating profit (loss) | 9901 | €65,186 | €87,017 | +€21,832 | +33.5% |
| Financial income | 75/76B | €236 | €576 | +€340 | +144.4% |
| Recurring financial income | 75 | €236 | €576 | +€340 | +144.4% |
| Financial charges | 65/66B | €2,570 | €8,193 | +€5,624 | +218.8% |
| Recurring financial charges | 65 | €2,570 | €8,193 | +€5,624 | +218.8% |
| Profit (loss) for the period before taxes | 9903 | €62,851 | €79,400 | +€16,549 | +26.3% |
| Income taxes | 67/77 | €18,266 | €24,092 | +€5,826 | +31.9% |
| Profit (loss) for the period | 9904 | €44,585 | €55,308 | +€10,723 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,585 | €55,308 | +€10,723 | +24.1% |
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 8 October 2026 via checked.be.