Muriel Grooten: what changed
Two fiscal 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.
Muriel Grooten
Largest movements
- Tangible fixed assets +€18,443
new in 2025: €18,443
of which Furniture and vehicles: +€14,876
- Cash +€15,103
up €15,103 (+60.2%), from €25,088 to €40,192
mainly Debts after one year (+€20,000) and Net result for the year (+€18,787)
- Receivables within one year +€1,198
up €1,198 (+68.3%), from €1,753 to €2,951
of which Other amounts receivable: +€1,972
- Intangible fixed assets -€650
down €650 (-31.2%), from €2,083 to €1,433
- Debts after one year +€20,000
new in 2025: €20,000
- Reserves +€18,787
up €18,787 (+93.1%), from €20,183 to €38,971
- Tax, wage and social debts -€4,149
down €4,149 (-70.6%), from €5,877 to €1,728
- Gross operating margin +€9,744
up €9,744 (+56.5%), from €17,260 to €27,004
- Taxes +€2,259
up €2,259 (+47.8%), from €4,728 to €6,987
- Depreciation +€341
up €341 (+52.4%), from €650 to €991
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.
Cash bridge derived
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 | €28,924 | €63,342 | +€34,417 | +119.0% |
| Fixed assets | 21/28 | €2,083 | €19,876 | +€17,793 | +854.2% |
| Intangible fixed assets | 21 | €2,083 | €1,433 | -€650 | -31.2% |
| Tangible fixed assets | 22/27 | - | €18,443 | +€18,443 | |
| Plant, machinery and equipment | 23 | - | €3,567 | +€3,567 | |
| Furniture and vehicles | 24 | - | €14,876 | +€14,876 | |
| Current assets | 29/58 | €26,841 | €43,465 | +€16,624 | +61.9% |
| Amounts receivable within one year | 40/41 | €1,753 | €2,951 | +€1,198 | +68.3% |
| Trade receivables | 40 | €1,575 | €801 | -€774 | -49.1% |
| Other amounts receivable | 41 | €178 | €2,150 | +€1,972 | +1106.3% |
| Cash at bank and in hand | 54/58 | €25,088 | €40,192 | +€15,103 | +60.2% |
| Deferred charges and accrued income | 490/1 | - | €322 | +€322 | |
| Total equity and liabilities | 10/49 | €28,924 | €63,342 | +€34,417 | +119.0% |
| Equity | 10/15 | €21,683 | €40,471 | +€18,787 | +86.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €20,183 | €38,971 | +€18,787 | +93.1% |
| Distributable reserves | 133 | €20,183 | €38,971 | +€18,787 | +93.1% |
| Amounts payable | 17/49 | €7,241 | €22,871 | +€15,630 | +215.9% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €7,241 | €2,871 | -€4,370 | -60.4% |
| Trade debts | 44 | €1,346 | €1,117 | -€229 | -17.0% |
| Suppliers | 440/4 | €1,346 | €1,117 | -€229 | -17.0% |
| Taxes, remuneration and social security | 45 | €5,877 | €1,728 | -€4,149 | -70.6% |
| Taxes | 450/3 | €5,877 | €1,728 | -€4,149 | -70.6% |
| Other amounts payable | 47/48 | €18 | €26 | +€8 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €991 | +€341 | +52.4% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €17,260 | €27,004 | +€9,744 | +56.5% |
| Operating profit (loss) | 9901 | €16,484 | €25,886 | +€9,401 | +57.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €242 | €111 | -€130 | -54.0% |
| Recurring financial charges | 65 | €242 | €111 | -€130 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €16,246 | €25,775 | +€9,529 | +58.7% |
| Income taxes | 67/77 | €4,728 | €6,987 | +€2,259 | +47.8% |
| Profit (loss) for the period | 9904 | €11,518 | €18,787 | +€7,269 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,518 | €18,787 | +€7,269 | +63.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.