HET GROENDOM: 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.
What changed
HET GROENDOM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€30,092
2024 · -€85,944+€55,852
Equity
€4.5m
2024 · €4.6m-€30,092
Cash
€114,010
2024 · €132,604-€18,594
Balance sheet total
€9.1m
2024 · €8.4m+€742,951
Largest movements
Assets
- Current investments +€801,155
up €801,155 (+23.5%), from €3.4m to €4.2m
Equity and liabilities
- Other debts +€776,321
up €776,321 (+20.5%), from €3.8m to €4.6m
Income statement
- Financial income +€71,338
up €71,338 (+67.3%), from €105,993 to €177,331
- Other operating charges +€26,039
up €26,039 (+442%), from €5,891 to €31,929
- Gross operating margin +€19,562
up €19,562 (+36.2%), from -€54,067 to -€34,505
- Financial charges +€15,392
up €15,392 (+1,365%), from €1,128 to €16,520
- Staff costs -€5,144
down €5,144 (-5.7%), from €90,413 to €85,268
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.
Result 2024
-€85,944
Gross operating margin
+€19,562
Staff costs
+€5,144
Depreciation
+€1,238
Other operating charges
-€26,039
Financial income
+€71,338
Financial charges
-€15,392
Result 2025
-€30,092
raises the resultlowers the result
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.
From operations
+€784,673
Investment
-€803,267
Financing
€0
Cash 2024
€132,604
From operations (derived)
+€784,673
Net result for the year
-€30,092
Depreciation
+€39,201
Receivables within one year
-€6,137
Deferred charges and accrued income
+€8,657
Trade debts
-€3,016
Tax, wage and social debts
-€263
Other debts
+€776,321
Investment (derived)
-€803,267
Investment in fixed assets (net)
-€2,112
Current investments
-€801,155
Cash 2025
€114,010
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,384,650 | €9,127,601 | +€742,951 | +8.9% |
| Fixed assets | 21/28 | €4,755,401 | €4,718,312 | -€37,089 | -0.8% |
| Tangible fixed assets | 22/27 | €4,753,651 | €4,716,562 | -€37,089 | -0.8% |
| Land and buildings | 22 | €4,531,369 | €4,527,769 | -€3,600 | -0.1% |
| Plant, machinery and equipment | 23 | €66,848 | €53,389 | -€13,459 | -20.1% |
| Furniture and vehicles | 24 | €155,434 | €135,403 | -€20,031 | -12.9% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €3,629,249 | €4,409,289 | +€780,040 | +21.5% |
| Amounts receivable within one year | 40/41 | €74,169 | €80,305 | +€6,137 | +8.3% |
| Trade receivables | 40 | €454 | €0 | -€454 | -100% |
| Other amounts receivable | 41 | €73,715 | €80,305 | +€6,590 | +8.9% |
| Current investments | 50/53 | €3,410,795 | €4,211,950 | +€801,155 | +23.5% |
| Cash at bank and in hand | 54/58 | €132,604 | €114,010 | -€18,594 | -14.0% |
| Deferred charges and accrued income | 490/1 | €11,681 | €3,024 | -€8,657 | -74.1% |
| Total equity and liabilities | 10/49 | €8,384,650 | €9,127,601 | +€742,951 | +8.9% |
| Equity | 10/15 | €4,559,102 | €4,529,010 | -€30,092 | -0.7% |
| Contributions | 10/11 | €5,897,093 | €5,897,093 | = | 0.0% |
| Reserves | 13 | €62,184 | €62,184 | = | 0.0% |
| Distributable reserves | 133 | €62,184 | €62,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,400,174 | -€1,430,266 | -€30,092 | -2.1% |
| Amounts payable | 17/49 | €3,825,548 | €4,598,591 | +€773,043 | +20.2% |
| Amounts payable after more than one year | 17 | €12,950 | €12,950 | = | 0.0% |
| Other amounts payable | 178/9 | €12,950 | €12,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,812,597 | €4,585,640 | +€773,043 | +20.3% |
| Trade debts | 44 | €15,115 | €12,100 | -€3,016 | -20.0% |
| Suppliers | 440/4 | €15,115 | €12,100 | -€3,016 | -20.0% |
| Taxes, remuneration and social security | 45 | €7,023 | €6,760 | -€263 | -3.7% |
| Taxes | 450/3 | €0 | €207 | +€207 | +138,000% |
| Remuneration and social security | 454/9 | €7,023 | €6,553 | -€470 | -6.7% |
| Other amounts payable | 47/48 | €3,790,459 | €4,566,781 | +€776,321 | +20.5% |
| Remuneration, social security and pensions | 62 | €90,413 | €85,268 | -€5,144 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,439 | €39,201 | -€1,238 | -3.1% |
| Other operating charges | 640/8 | €5,891 | €31,929 | +€26,039 | +442% |
| Gross operating margin | 9900 | -€54,067 | -€34,505 | +€19,562 | +36.2% |
| Operating profit (loss) | 9901 | -€190,809 | -€190,903 | -€94 | 0.0% |
| Financial income | 75/76B | €105,993 | €177,331 | +€71,338 | +67.3% |
| Recurring financial income | 75 | €105,993 | €177,331 | +€71,338 | +67.3% |
| Financial charges | 65/66B | €1,128 | €16,520 | +€15,392 | +1,365% |
| Recurring financial charges | 65 | €1,128 | €16,520 | +€15,392 | +1,365% |
| Profit (loss) for the period before taxes | 9903 | -€85,944 | -€30,092 | +€55,852 | +65.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€85,944 | -€30,092 | +€55,852 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,944 | -€30,092 | +€55,852 | +65.0% |
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 15 October 2026 via checked.be.