JEROEN GROOTEN: 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.
JEROEN GROOTEN
Largest movements
- Cash +€156,040
up €156,040 (+99.1%), from €157,518 to €313,558
mainly Other debts (+€260,462) and Net result for the year (+€137,568)
- Receivables within one year -€18,807
down €18,807 (-47.0%), from €40,013 to €21,205
of which Other amounts receivable: -€18,708
- Other debts +€260,462
up €260,462 (+11,467%), from €2,271 to €262,734
- Profit (loss) carried forward -€121,532
down €121,532 (-99.5%), from €122,198 to €666
- Tax, wage and social debts +€36,167
up €36,167 (+3,599%), from €1,005 to €37,172
- Current portion of long-term debt -€21,622
down €21,622 (-50.9%), from €42,500 to €20,878
- Reserves -€17,900
no longer reported in 2025 (was €17,900)
- Gross operating margin +€78,252
up €78,252 (+78.0%), from €100,302 to €178,554
- Taxes +€21,668
up €21,668 (+102%), from €21,295 to €42,962
- Financial income -€7,867
down €7,867 (-66.8%), from €11,769 to €3,901
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 | €204,566 | €341,280 | +€136,714 | +66.8% |
| Fixed assets | 21/28 | €4,087 | €3,521 | -€565 | -13.8% |
| Tangible fixed assets | 22/27 | €1,487 | €921 | -€565 | -38.0% |
| Plant, machinery and equipment | 23 | €1,228 | €921 | -€307 | -25.0% |
| Furniture and vehicles | 24 | €258 | - | -€258 | |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €200,479 | €337,759 | +€137,280 | +68.5% |
| Amounts receivable within one year | 40/41 | €40,013 | €21,205 | -€18,807 | -47.0% |
| Trade receivables | 40 | €100 | - | -€100 | |
| Other amounts receivable | 41 | €39,913 | €21,205 | -€18,708 | -46.9% |
| Cash at bank and in hand | 54/58 | €157,518 | €313,558 | +€156,040 | +99.1% |
| Deferred charges and accrued income | 490/1 | €2,949 | €2,995 | +€46 | +1.6% |
| Total equity and liabilities | 10/49 | €204,566 | €341,280 | +€136,714 | +66.8% |
| Equity | 10/15 | €158,698 | €19,266 | -€139,432 | -87.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,900 | - | -€17,900 | |
| Distributable reserves | 133 | €17,900 | - | -€17,900 | |
| Profit (loss) carried forward | 14 | €122,198 | €666 | -€121,532 | -99.5% |
| Amounts payable | 17/49 | €45,868 | €322,014 | +€276,146 | +602% |
| Amounts payable within one year | 42/48 | €45,868 | €322,014 | +€276,146 | +602% |
| Current portion of amounts payable after more than one year | 42 | €42,500 | €20,878 | -€21,622 | -50.9% |
| Trade debts | 44 | €92 | €1,230 | +€1,138 | +1,243% |
| Suppliers | 440/4 | €92 | €1,230 | +€1,138 | +1,243% |
| Taxes, remuneration and social security | 45 | €1,005 | €37,172 | +€36,167 | +3,599% |
| Taxes | 450/3 | €1,005 | €37,172 | +€36,167 | +3,599% |
| Other amounts payable | 47/48 | €2,271 | €262,734 | +€260,462 | +11,467% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €565 | -€362 | -39.0% |
| Other operating charges | 640/8 | €355 | €543 | +€188 | +52.9% |
| Gross operating margin | 9900 | €100,302 | €178,554 | +€78,252 | +78.0% |
| Operating profit (loss) | 9901 | €99,020 | €177,445 | +€78,425 | +79.2% |
| Financial income | 75/76B | €11,769 | €3,901 | -€7,867 | -66.8% |
| Recurring financial income | 75 | €11,769 | €3,901 | -€7,867 | -66.8% |
| Financial charges | 65/66B | €947 | €816 | -€131 | -13.8% |
| Recurring financial charges | 65 | €947 | €816 | -€131 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €109,841 | €180,530 | +€70,689 | +64.4% |
| Income taxes | 67/77 | €21,295 | €42,962 | +€21,668 | +102% |
| Profit (loss) for the period | 9904 | €88,547 | €137,568 | +€49,021 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,547 | €137,568 | +€49,021 | +55.4% |
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 25 October 2026 via checked.be.