't Groenhuys: 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 Groenhuys
Largest movements
- Cash +€47,586
up €47,586 (+35.1%), from €135,446 to €183,033
mainly Net result for the year (+€62,881) and Depreciation (+€53,694)
- Tangible fixed assets -€11,408
down €11,408 (-1.9%), from €614,269 to €602,862
of which Land and buildings: -€25,027
- Reserves +€62,881
up €62,881 (+24.6%), from €255,288 to €318,169
of which Distributable reserves: +€62,881
- Trade debts -€47,351
down €47,351 (-75.6%), from €62,614 to €15,264
- Tax, wage and social debts +€18,280
up €18,280 (+493%), from €3,710 to €21,990
- Gross operating margin +€36,523
up €36,523 (+28.7%), from €127,321 to €163,844
- Taxes +€10,898
up €10,898 (+57.8%), from €18,856 to €29,753
- Depreciation +€6,340
up €6,340 (+13.4%), from €47,354 to €53,694
- Financial charges -€3,970
down €3,970 (-26.1%), from €15,223 to €11,253
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 | €795,657 | €824,207 | +€28,550 | +3.6% |
| Fixed assets | 21/28 | €614,269 | €602,862 | -€11,408 | -1.9% |
| Tangible fixed assets | 22/27 | €614,269 | €602,862 | -€11,408 | -1.9% |
| Land and buildings | 22 | €514,814 | €489,788 | -€25,027 | -4.9% |
| Plant, machinery and equipment | 23 | €15,563 | €18,261 | +€2,697 | +17.3% |
| Furniture and vehicles | 24 | €72,052 | €83,323 | +€11,271 | +15.6% |
| Other tangible fixed assets | 26 | €9,700 | €9,700 | = | 0.0% |
| Assets under construction and advance payments | 27 | €2,140 | €1,791 | -€349 | -16.3% |
| Current assets | 29/58 | €181,388 | €221,345 | +€39,957 | +22.0% |
| Stocks and contracts in progress | 3 | €16,166 | €16,166 | = | 0.0% |
| Stocks | 30/36 | €16,166 | €16,166 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,775 | €22,146 | -€7,629 | -25.6% |
| Trade receivables | 40 | €29,723 | €21,992 | -€7,731 | -26.0% |
| Other amounts receivable | 41 | €52 | €154 | +€102 | +197% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €135,446 | €183,033 | +€47,586 | +35.1% |
| Total equity and liabilities | 10/49 | €795,657 | €824,207 | +€28,550 | +3.6% |
| Equity | 10/15 | €379,235 | €442,116 | +€62,881 | +16.6% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €255,288 | €318,169 | +€62,881 | +24.6% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €242,894 | €305,775 | +€62,881 | +25.9% |
| Amounts payable | 17/49 | €416,422 | €382,091 | -€34,332 | -8.2% |
| Amounts payable after more than one year | 17 | €204,001 | €198,977 | -€5,025 | -2.5% |
| Financial debts | 170/4 | €204,001 | €198,977 | -€5,025 | -2.5% |
| Amounts payable within one year | 42/48 | €200,863 | €173,645 | -€27,218 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €19,669 | €26,141 | +€6,473 | +32.9% |
| Trade debts | 44 | €62,614 | €15,264 | -€47,351 | -75.6% |
| Suppliers | 440/4 | €62,614 | €15,264 | -€47,351 | -75.6% |
| Taxes, remuneration and social security | 45 | €3,710 | €21,990 | +€18,280 | +493% |
| Taxes | 450/3 | €3,710 | €21,990 | +€18,280 | +493% |
| Other amounts payable | 47/48 | €114,870 | €110,250 | -€4,620 | -4.0% |
| Accrued charges and deferred income | 492/3 | €11,558 | €9,469 | -€2,088 | -18.1% |
| Remuneration, social security and pensions | 62 | €382 | €17 | -€365 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,354 | €53,694 | +€6,340 | +13.4% |
| Other operating charges | 640/8 | €7,852 | €7,459 | -€392 | -5.0% |
| Non-recurring operating charges | 66A | €191 | €279 | +€88 | +46.0% |
| Gross operating margin | 9900 | €127,321 | €163,844 | +€36,523 | +28.7% |
| Operating profit (loss) | 9901 | €71,543 | €102,396 | +€30,853 | +43.1% |
| Financial income | 75/76B | €1,596 | €1,492 | -€104 | -6.5% |
| Recurring financial income | 75 | €1,596 | €1,492 | -€104 | -6.5% |
| Financial charges | 65/66B | €15,223 | €11,253 | -€3,970 | -26.1% |
| Recurring financial charges | 65 | €15,223 | €11,253 | -€3,970 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €57,916 | €92,635 | +€34,718 | +59.9% |
| Income taxes | 67/77 | €18,856 | €29,753 | +€10,898 | +57.8% |
| Profit (loss) for the period | 9904 | €39,061 | €62,881 | +€23,820 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,061 | €62,881 | +€23,820 | +61.0% |
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 1 November 2026 via checked.be.