'T GROOT WINDECKEVELD: 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.
'T GROOT WINDECKEVELD
Largest movements
- Tangible fixed assets -€20,616
down €20,616 (-29.1%), from €70,928 to €50,312
of which Furniture and vehicles: -€20,559
- Cash -€8,165
down €8,165 (-18.5%), from €44,131 to €35,966
mainly Debts after one year (-€11,913) and Net result for the year (-€8,606)
- Debts after one year -€11,913
down €11,913 (-57.6%), from €20,672 to €8,759
- Profit (loss) carried forward -€8,606
down €8,606 (-99.3%), from €8,669 to €62
- Tax, wage and social debts -€4,333
down €4,333 (-15.5%), from €27,964 to €23,631
of which Remuneration and social security: -€4,477
- Current portion of long-term debt -€3,046
down €3,046 (-20.4%), from €14,958 to €11,912
- Other debts -€2,110
down €2,110 (-88.3%), from €2,390 to €280
- Gross operating margin -€76,236
down €76,236 (-83.2%), from €91,613 to €15,377
- Taxes -€23,697
down €23,697 (-100.0%), from €23,697 to €0
- Depreciation +€5,014
up €5,014 (+30.4%), from €16,491 to €21,505
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 | €123,452 | €93,444 | -€30,008 | -24.3% |
| Fixed assets | 21/28 | €70,928 | €50,312 | -€20,616 | -29.1% |
| Tangible fixed assets | 22/27 | €70,928 | €50,312 | -€20,616 | -29.1% |
| Plant, machinery and equipment | 23 | €1,405 | €1,348 | -€57 | -4.0% |
| Furniture and vehicles | 24 | €69,523 | €48,964 | -€20,559 | -29.6% |
| Current assets | 29/58 | €52,524 | €43,132 | -€9,392 | -17.9% |
| Amounts receivable within one year | 40/41 | €8,393 | €7,165 | -€1,227 | -14.6% |
| Trade receivables | 40 | €8,393 | €7,165 | -€1,227 | -14.6% |
| Cash at bank and in hand | 54/58 | €44,131 | €35,966 | -€8,165 | -18.5% |
| Total equity and liabilities | 10/49 | €123,452 | €93,444 | -€30,008 | -24.3% |
| Equity | 10/15 | €57,469 | €48,862 | -€8,606 | -15.0% |
| Reserves | 13 | €48,800 | €48,800 | = | 0.0% |
| Distributable reserves | 133 | €48,800 | €48,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,669 | €62 | -€8,606 | -99.3% |
| Amounts payable | 17/49 | €65,984 | €44,581 | -€21,402 | -32.4% |
| Amounts payable after more than one year | 17 | €20,672 | €8,759 | -€11,913 | -57.6% |
| Financial debts | 170/4 | €20,672 | €8,759 | -€11,913 | -57.6% |
| Amounts payable within one year | 42/48 | €45,312 | €35,823 | -€9,489 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €14,958 | €11,912 | -€3,046 | -20.4% |
| Taxes, remuneration and social security | 45 | €27,964 | €23,631 | -€4,333 | -15.5% |
| Taxes | 450/3 | €18,346 | €18,491 | +€144 | +0.8% |
| Remuneration and social security | 454/9 | €9,617 | €5,140 | -€4,477 | -46.6% |
| Other amounts payable | 47/48 | €2,390 | €280 | -€2,110 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,491 | €21,505 | +€5,014 | +30.4% |
| Other operating charges | 640/8 | €1,582 | €1,093 | -€489 | -30.9% |
| Gross operating margin | 9900 | €91,613 | €15,377 | -€76,236 | -83.2% |
| Operating profit (loss) | 9901 | €73,540 | -€7,221 | -€80,761 | |
| Financial charges | 65/66B | €1,275 | €1,385 | +€110 | +8.6% |
| Recurring financial charges | 65 | €1,275 | €1,385 | +€110 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €72,265 | -€8,606 | -€80,871 | |
| Income taxes | 67/77 | €23,697 | €0 | -€23,697 | -100.0% |
| Profit (loss) for the period | 9904 | €48,568 | -€8,606 | -€57,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,568 | -€8,606 | -€57,174 |
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 5 October 2026 via checked.be.