'T GROEN: 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.
'T GROEN
Largest movements
- Financial fixed assets -€16,260
down €16,260 (-98.9%), from €16,435 to €175
- Tangible fixed assets -€15,821
down €15,821 (-2.8%), from €564,052 to €548,231
of which Land and buildings: -€16,485
- Cash +€11,850
up €11,850 (+32.4%), from €36,603 to €48,453
mainly Depreciation (+€43,808) and Other debts (+€20,004)
- Receivables within one year -€7,397
down €7,397 (-30.1%), from €24,602 to €17,204
of which Trade receivables: -€9,592
- Debts after one year -€45,753
down €45,753 (-12.7%), from €360,477 to €314,723
- Other debts +€20,004
up €20,004 (+18.3%), from €109,261 to €129,265
- Reserves +€12,326
up €12,326 (+57.0%), from €21,631 to €33,956
- Trade debts -€11,038
down €11,038 (-30.4%), from €36,327 to €25,289
- Gross operating margin +€19,721
up €19,721 (+14.2%), from €139,134 to €158,855
- Staff costs +€8,244
up €8,244 (+14.0%), from €58,867 to €67,111
- Depreciation +€5,038
up €5,038 (+13.0%), from €38,770 to €43,808
- Financial income +€3,609
up €3,609 (+612%), from €589 to €4,199
- Taxes +€3,130
up €3,130 (+129%), from €2,420 to €5,550
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 | €711,321 | €675,495 | -€35,826 | -5.0% |
| Fixed assets | 21/28 | €580,487 | €548,406 | -€32,081 | -5.5% |
| Tangible fixed assets | 22/27 | €564,052 | €548,231 | -€15,821 | -2.8% |
| Land and buildings | 22 | €491,134 | €474,649 | -€16,485 | -3.4% |
| Plant, machinery and equipment | 23 | €4,662 | €9,941 | +€5,279 | +113% |
| Furniture and vehicles | 24 | €68,256 | €63,641 | -€4,615 | -6.8% |
| Financial fixed assets | 28 | €16,435 | €175 | -€16,260 | -98.9% |
| Current assets | 29/58 | €130,834 | €127,090 | -€3,745 | -2.9% |
| Stocks and contracts in progress | 3 | €62,858 | €60,858 | -€2,000 | -3.2% |
| Stocks | 30/36 | €62,858 | €60,858 | -€2,000 | -3.2% |
| Amounts receivable within one year | 40/41 | €24,602 | €17,204 | -€7,397 | -30.1% |
| Trade receivables | 40 | €18,114 | €8,522 | -€9,592 | -53.0% |
| Other amounts receivable | 41 | €6,488 | €8,683 | +€2,195 | +33.8% |
| Cash at bank and in hand | 54/58 | €36,603 | €48,453 | +€11,850 | +32.4% |
| Deferred charges and accrued income | 490/1 | €6,772 | €575 | -€6,198 | -91.5% |
| Total equity and liabilities | 10/49 | €711,321 | €675,495 | -€35,826 | -5.0% |
| Equity | 10/15 | €108,092 | €120,418 | +€12,326 | +11.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €21,631 | €33,956 | +€12,326 | +57.0% |
| Distributable reserves | 133 | €21,631 | €33,956 | +€12,326 | +57.0% |
| Profit (loss) carried forward | 14 | €26,462 | €26,462 | = | 0.0% |
| Amounts payable | 17/49 | €603,229 | €555,077 | -€48,151 | -8.0% |
| Amounts payable after more than one year | 17 | €360,477 | €314,723 | -€45,753 | -12.7% |
| Financial debts | 170/4 | €360,477 | €314,723 | -€45,753 | -12.7% |
| Amounts payable within one year | 42/48 | €241,918 | €239,654 | -€2,264 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €72,404 | €66,576 | -€5,828 | -8.0% |
| Trade debts | 44 | €36,327 | €25,289 | -€11,038 | -30.4% |
| Suppliers | 440/4 | €36,327 | €25,289 | -€11,038 | -30.4% |
| Taxes, remuneration and social security | 45 | €23,927 | €18,524 | -€5,402 | -22.6% |
| Taxes | 450/3 | €8,041 | €7,841 | -€200 | -2.5% |
| Remuneration and social security | 454/9 | €15,885 | €10,683 | -€5,203 | -32.8% |
| Other amounts payable | 47/48 | €109,261 | €129,265 | +€20,004 | +18.3% |
| Accrued charges and deferred income | 492/3 | €834 | €700 | -€134 | -16.1% |
| Remuneration, social security and pensions | 62 | €58,867 | €67,111 | +€8,244 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,770 | €43,808 | +€5,038 | +13.0% |
| Other operating charges | 640/8 | €3,403 | €4,200 | +€797 | +23.4% |
| Gross operating margin | 9900 | €139,134 | €158,855 | +€19,721 | +14.2% |
| Operating profit (loss) | 9901 | €38,094 | €43,736 | +€5,643 | +14.8% |
| Financial income | 75/76B | €589 | €4,199 | +€3,609 | +612% |
| Recurring financial income | 75 | €589 | €4,199 | +€3,609 | +612% |
| Financial charges | 65/66B | €27,182 | €30,059 | +€2,877 | +10.6% |
| Recurring financial charges | 65 | €27,182 | €30,059 | +€2,877 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €11,501 | €17,876 | +€6,375 | +55.4% |
| Income taxes | 67/77 | €2,420 | €5,550 | +€3,130 | +129% |
| Profit (loss) for the period | 9904 | €9,081 | €12,326 | +€3,245 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,081 | €12,326 | +€3,245 | +35.7% |
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 18 October 2026 via checked.be.