Growwwth: 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.
Growwwth
Largest movements
- Receivables within one year +€11,399
up €11,399 (+15.2%), from €74,854 to €86,253
of which Trade receivables: +€8,776
- Cash +€6,445
up €6,445 (+15.5%), from €41,534 to €47,979
mainly Net result for the year (+€55,380) and Other debts (+€52,749)
- Deferred charges and accrued income +€2,376
up €2,376 (+1,519%), from €156 to €2,532
- Other debts +€52,749
up €52,749 (+681%), from €7,744 to €60,492
- Reserves -€30,585
down €30,585 (-35.6%), from €85,965 to €55,380
- Trade debts -€3,014
down €3,014 (-67.2%), from €4,484 to €1,470
- Tax, wage and social debts +€1,693
up €1,693 (+11.7%), from €14,411 to €16,104
- Gross operating margin -€11,772
down €11,772 (-13.1%), from €89,629 to €77,856
- Taxes -€4,350
down €4,350 (-18.0%), from €24,187 to €19,836
- Financial charges +€1,408
up €1,408 (+1,524%), from €92 to €1,500
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 | €118,728 | €138,419 | +€19,691 | +16.6% |
| Fixed assets | 21/28 | €2,184 | €1,655 | -€529 | -24.2% |
| Tangible fixed assets | 22/27 | €684 | €155 | -€529 | -77.3% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €684 | €155 | -€529 | -77.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €116,544 | €136,764 | +€20,220 | +17.3% |
| Amounts receivable within one year | 40/41 | €74,854 | €86,253 | +€11,399 | +15.2% |
| Trade receivables | 40 | €74,798 | €83,574 | +€8,776 | +11.7% |
| Other amounts receivable | 41 | €57 | €2,679 | +€2,623 | +4,641% |
| Cash at bank and in hand | 54/58 | €41,534 | €47,979 | +€6,445 | +15.5% |
| Deferred charges and accrued income | 490/1 | €156 | €2,532 | +€2,376 | +1,519% |
| Total equity and liabilities | 10/49 | €118,728 | €138,419 | +€19,691 | +16.6% |
| Equity | 10/15 | €87,965 | €57,380 | -€30,585 | -34.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €85,965 | €55,380 | -€30,585 | -35.6% |
| Distributable reserves | 133 | €85,965 | €55,380 | -€30,585 | -35.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,763 | €81,039 | +€50,276 | +163% |
| Amounts payable within one year | 42/48 | €27,421 | €78,115 | +€50,694 | +185% |
| Financial debts | 43 | €782 | €48 | -€734 | -93.9% |
| Credit institutions | 430/8 | €782 | €0 | -€782 | -100% |
| Other loans | 439 | - | €48 | +€48 | |
| Trade debts | 44 | €4,484 | €1,470 | -€3,014 | -67.2% |
| Suppliers | 440/4 | €4,484 | €1,470 | -€3,014 | -67.2% |
| Taxes, remuneration and social security | 45 | €14,411 | €16,104 | +€1,693 | +11.7% |
| Taxes | 450/3 | €14,411 | €16,104 | +€1,693 | +11.7% |
| Other amounts payable | 47/48 | €7,744 | €60,492 | +€52,749 | +681% |
| Accrued charges and deferred income | 492/3 | €3,342 | €2,925 | -€418 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | €529 | -€429 | -44.8% |
| Other operating charges | 640/8 | €634 | €617 | -€17 | -2.6% |
| Gross operating margin | 9900 | €89,629 | €77,856 | -€11,772 | -13.1% |
| Operating profit (loss) | 9901 | €88,037 | €76,710 | -€11,327 | -12.9% |
| Financial income | 75/76B | €0 | €7 | +€7 | +66,400% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +66,400% |
| Financial charges | 65/66B | €92 | €1,500 | +€1,408 | +1,524% |
| Recurring financial charges | 65 | €92 | €1,500 | +€1,408 | +1,524% |
| Profit (loss) for the period before taxes | 9903 | €87,944 | €75,216 | -€12,728 | -14.5% |
| Income taxes | 67/77 | €24,187 | €19,836 | -€4,350 | -18.0% |
| Profit (loss) for the period | 9904 | €63,758 | €55,380 | -€8,378 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,758 | €55,380 | -€8,378 | -13.1% |
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 20 October 2026 via checked.be.