HET GROENSELHOF: 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 GROENSELHOF
Largest movements
- Tangible fixed assets +€84,818
up €84,818 (+103%), from €82,023 to €166,842
of which Plant, machinery and equipment: +€83,453
- Stocks and contracts +€47,194
up €47,194 (+44.2%), from €106,806 to €154,000
- Cash -€42,917
down €42,917 (-31.2%), from €137,673 to €94,756
mainly Investment in fixed assets (net) (-€110,425) and Stocks and contracts (-€47,194)
- Receivables within one year +€10,869
up €10,869 (+127%), from €8,525 to €19,394
of which Other amounts receivable: +€10,979
- Debts after one year +€70,189
up €70,189 (+625%), from €11,228 to €81,417
- Reserves +€20,531
up €20,531 (+8.4%), from €244,777 to €265,308
- Trade debts +€19,813
up €19,813 (+111%), from €17,909 to €37,722
- Current portion of long-term debt -€5,440
down €5,440 (-21.1%), from €25,825 to €20,386
- Gross operating margin +€11,660
up €11,660 (+10.0%), from €116,202 to €127,862
- Staff costs +€7,203
up €7,203 (+12.2%), from €59,157 to €66,360
- Depreciation -€6,760
down €6,760 (-20.9%), from €32,366 to €25,607
- Financial charges +€1,817
up €1,817 (+63.6%), from €2,859 to €4,676
- Taxes +€1,318
up €1,318 (+27.5%), from €4,784 to €6,101
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 | €342,986 | €442,365 | +€99,379 | +29.0% |
| Fixed assets | 21/28 | €82,122 | €166,941 | +€84,818 | +103% |
| Tangible fixed assets | 22/27 | €82,023 | €166,842 | +€84,818 | +103% |
| Plant, machinery and equipment | 23 | €81,069 | €164,522 | +€83,453 | +103% |
| Furniture and vehicles | 24 | €954 | €2,319 | +€1,365 | +143% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €260,864 | €275,425 | +€14,561 | +5.6% |
| Stocks and contracts in progress | 3 | €106,806 | €154,000 | +€47,194 | +44.2% |
| Stocks | 30/36 | €106,806 | €154,000 | +€47,194 | +44.2% |
| Amounts receivable within one year | 40/41 | €8,525 | €19,394 | +€10,869 | +127% |
| Trade receivables | 40 | €437 | €327 | -€110 | -25.3% |
| Other amounts receivable | 41 | €8,088 | €19,068 | +€10,979 | +136% |
| Cash at bank and in hand | 54/58 | €137,673 | €94,756 | -€42,917 | -31.2% |
| Deferred charges and accrued income | 490/1 | €7,859 | €7,274 | -€585 | -7.4% |
| Total equity and liabilities | 10/49 | €342,986 | €442,365 | +€99,379 | +29.0% |
| Equity | 10/15 | €263,377 | €283,908 | +€20,531 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244,777 | €265,308 | +€20,531 | +8.4% |
| Distributable reserves | 133 | €244,777 | €265,308 | +€20,531 | +8.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €79,609 | €158,458 | +€78,848 | +99.0% |
| Amounts payable after more than one year | 17 | €11,228 | €81,417 | +€70,189 | +625% |
| Financial debts | 170/4 | €11,228 | €81,417 | +€70,189 | +625% |
| Amounts payable within one year | 42/48 | €64,720 | €76,387 | +€11,667 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €25,825 | €20,386 | -€5,440 | -21.1% |
| Trade debts | 44 | €17,909 | €37,722 | +€19,813 | +111% |
| Suppliers | 440/4 | €17,909 | €37,722 | +€19,813 | +111% |
| Taxes, remuneration and social security | 45 | €19,355 | €17,082 | -€2,272 | -11.7% |
| Taxes | 450/3 | €6,778 | €3,066 | -€3,712 | -54.8% |
| Remuneration and social security | 454/9 | €12,577 | €14,016 | +€1,440 | +11.4% |
| Other amounts payable | 47/48 | €1,631 | €1,196 | -€434 | -26.6% |
| Accrued charges and deferred income | 492/3 | €3,662 | €654 | -€3,007 | -82.1% |
| Remuneration, social security and pensions | 62 | €59,157 | €66,360 | +€7,203 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,366 | €25,607 | -€6,760 | -20.9% |
| Other operating charges | 640/8 | €5,000 | €3,753 | -€1,247 | -24.9% |
| Gross operating margin | 9900 | €116,202 | €127,862 | +€11,660 | +10.0% |
| Operating profit (loss) | 9901 | €19,678 | €32,141 | +€12,463 | +63.3% |
| Financial income | 75/76B | €324 | €0 | -€324 | -100% |
| Recurring financial income | 75 | €324 | €0 | -€324 | -100% |
| Financial charges | 65/66B | €2,859 | €4,676 | +€1,817 | +63.6% |
| Recurring financial charges | 65 | €2,859 | €4,676 | +€1,817 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €17,143 | €27,465 | +€10,322 | +60.2% |
| Income taxes | 67/77 | €4,784 | €6,101 | +€1,318 | +27.5% |
| Profit (loss) for the period | 9904 | €12,360 | €21,364 | +€9,004 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,360 | €21,364 | +€9,004 | +72.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.