HET GROENEVELD: 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.
HET GROENEVELD
Largest movements
- Stocks and contracts -€540,366
down €540,366 (-27.0%), from €2.0m to €1.5m
- Cash -€299,447
down €299,447 (-95.5%), from €313,448 to €14,001
mainly Advances received (-€830,488) and Tax, wage and social debts (-€195,370)
- Receivables within one year -€198,308
down €198,308 (-45.2%), from €439,151 to €240,843
of which Other amounts receivable: -€147,429
- Financial fixed assets +€148,000
up €148,000 (+672%), from €22,027 to €170,027
- Deferred charges and accrued income +€62,832
up €62,832 (+520%), from €12,082 to €74,914
- Advances received -€830,488
no longer reported in 2025 (was €830,488)
- Other debts +€494,698
up €494,698 (+56.2%), from €879,663 to €1.4m
- Tax, wage and social debts -€195,370
down €195,370 (-99.0%), from €197,429 to €2,059
- Accrued charges and deferred income -€163,182
down €163,182 (-81.9%), from €199,309 to €36,126
- Profit (loss) carried forward -€73,231
down €73,231 (-19.0%), from €385,091 to €311,861
- Gross operating margin -€1.2m
down €1.2m, from €1.2m to -€23,182
- Taxes -€194,599
down €194,599 (-99.4%), from €195,833 to €1,234
- Other operating charges -€27,604
down €27,604 (-84.4%), from €32,710 to €5,106
- Financial charges -€12,812
down €12,812 (-33.0%), from €38,840 to €26,029
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 | €2,858,971 | €2,014,003 | -€844,967 | -29.6% |
| Fixed assets | 21/28 | €89,952 | €220,273 | +€130,321 | +145% |
| Tangible fixed assets | 22/27 | €67,925 | €50,246 | -€17,679 | -26.0% |
| Plant, machinery and equipment | 23 | €33,512 | €25,928 | -€7,585 | -22.6% |
| Furniture and vehicles | 24 | €34,413 | €24,318 | -€10,094 | -29.3% |
| Financial fixed assets | 28 | €22,027 | €170,027 | +€148,000 | +672% |
| Current assets | 29/58 | €2,769,019 | €1,793,730 | -€975,288 | -35.2% |
| Stocks and contracts in progress | 3 | €2,004,338 | €1,463,972 | -€540,366 | -27.0% |
| Stocks | 30/36 | €2,004,338 | €1,463,972 | -€540,366 | -27.0% |
| Amounts receivable within one year | 40/41 | €439,151 | €240,843 | -€198,308 | -45.2% |
| Trade receivables | 40 | €104,458 | €53,579 | -€50,878 | -48.7% |
| Other amounts receivable | 41 | €334,693 | €187,264 | -€147,429 | -44.0% |
| Cash at bank and in hand | 54/58 | €313,448 | €14,001 | -€299,447 | -95.5% |
| Deferred charges and accrued income | 490/1 | €12,082 | €74,914 | +€62,832 | +520% |
| Total equity and liabilities | 10/49 | €2,858,971 | €2,014,003 | -€844,967 | -29.6% |
| Equity | 10/15 | €453,291 | €380,061 | -€73,231 | -16.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385,091 | €311,861 | -€73,231 | -19.0% |
| Amounts payable | 17/49 | €2,405,680 | €1,633,943 | -€771,737 | -32.1% |
| Amounts payable after more than one year | 17 | €13,942 | €7,402 | -€6,540 | -46.9% |
| Financial debts | 170/4 | €13,942 | €7,402 | -€6,540 | -46.9% |
| Amounts payable within one year | 42/48 | €2,192,429 | €1,590,414 | -€602,015 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €6,271 | €6,540 | +€269 | +4.3% |
| Trade debts | 44 | €278,579 | €207,454 | -€71,124 | -25.5% |
| Suppliers | 440/4 | €278,579 | €207,454 | -€71,124 | -25.5% |
| Advances received on contracts in progress | 46 | €830,488 | - | -€830,488 | |
| Taxes, remuneration and social security | 45 | €197,429 | €2,059 | -€195,370 | -99.0% |
| Taxes | 450/3 | €197,429 | €2,059 | -€195,370 | -99.0% |
| Other amounts payable | 47/48 | €879,663 | €1,374,360 | +€494,698 | +56.2% |
| Accrued charges and deferred income | 492/3 | €199,309 | €36,126 | -€163,182 | -81.9% |
| Non-recurring operating income | 76A | - | €97,198 | +€97,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,888 | €17,679 | -€3,209 | -15.4% |
| Other operating charges | 640/8 | €32,710 | €5,106 | -€27,604 | -84.4% |
| Gross operating margin | 9900 | €1,214,654 | -€23,182 | -€1.2m | |
| Operating profit (loss) | 9901 | €1,161,055 | -€45,967 | -€1.2m | |
| Financial income | 75/76B | €2,800 | €0 | -€2,800 | -100.0% |
| Recurring financial income | 75 | €2,800 | €0 | -€2,800 | -100.0% |
| Financial charges | 65/66B | €38,840 | €26,029 | -€12,812 | -33.0% |
| Recurring financial charges | 65 | €38,840 | €26,029 | -€12,812 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €1,125,015 | -€71,996 | -€1.2m | |
| Income taxes | 67/77 | €195,833 | €1,234 | -€194,599 | -99.4% |
| Profit (loss) for the period | 9904 | €929,181 | -€73,231 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €929,181 | -€73,231 | -€1.0m |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.