VAN HOECKE - GROEBBENS: 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.
VAN HOECKE - GROEBBENS
Largest movements
- Current investments +€135,707
up €135,707 (+13.7%), from €989,226 to €1.1m
- Tangible fixed assets -€59,757
down €59,757 (-28.7%), from €208,068 to €148,311
of which Land and buildings: -€32,524
- Other debts +€50,595
up €50,595 (+9.9%), from €513,307 to €563,902
- Tax, wage and social debts +€15,241
up €15,241 (+119%), from €12,839 to €28,080
of which Taxes: +€15,158
- Gross operating margin +€79,195
up €79,195 (+36.5%), from €216,731 to €295,926
- Taxes +€23,444
up €23,444 (+76.7%), from €30,586 to €54,031
- Financial income -€5,813
down €5,813 (-28.3%), from €20,518 to €14,706
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 | €1,249,580 | €1,317,994 | +€68,414 | +5.5% |
| Fixed assets | 21/28 | €208,105 | €148,349 | -€59,757 | -28.7% |
| Tangible fixed assets | 22/27 | €208,068 | €148,311 | -€59,757 | -28.7% |
| Land and buildings | 22 | €158,311 | €125,787 | -€32,524 | -20.5% |
| Plant, machinery and equipment | 23 | €21,166 | €14,869 | -€6,297 | -29.8% |
| Furniture and vehicles | 24 | €28,591 | €7,654 | -€20,936 | -73.2% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €1,041,474 | €1,169,645 | +€128,171 | +12.3% |
| Amounts receivable within one year | 40/41 | €5,015 | €0 | -€5,015 | -100% |
| Other amounts receivable | 41 | €5,015 | €0 | -€5,015 | -100% |
| Current investments | 50/53 | €989,226 | €1,124,934 | +€135,707 | +13.7% |
| Cash at bank and in hand | 54/58 | €44,629 | €42,152 | -€2,477 | -5.6% |
| Deferred charges and accrued income | 490/1 | €2,604 | €2,560 | -€44 | -1.7% |
| Total equity and liabilities | 10/49 | €1,249,580 | €1,317,994 | +€68,414 | +5.5% |
| Equity | 10/15 | €715,349 | €718,939 | +€3,590 | +0.5% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €566,349 | €569,939 | +€3,590 | +0.6% |
| Distributable reserves | 133 | €566,349 | €569,939 | +€3,590 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €534,231 | €599,055 | +€64,824 | +12.1% |
| Amounts payable within one year | 42/48 | €534,231 | €599,055 | +€64,824 | +12.1% |
| Trade debts | 44 | €8,085 | €7,073 | -€1,012 | -12.5% |
| Suppliers | 440/4 | €8,085 | €7,073 | -€1,012 | -12.5% |
| Taxes, remuneration and social security | 45 | €12,839 | €28,080 | +€15,241 | +119% |
| Taxes | 450/3 | €10,176 | €25,334 | +€15,158 | +149% |
| Remuneration and social security | 454/9 | €2,663 | €2,746 | +€83 | +3.1% |
| Other amounts payable | 47/48 | €513,307 | €563,902 | +€50,595 | +9.9% |
| Non-recurring operating income | 76A | - | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €28,270 | €27,455 | -€815 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,617 | €61,164 | -€2,454 | -3.9% |
| Other operating charges | 640/8 | €5,156 | €4,987 | -€169 | -3.3% |
| Gross operating margin | 9900 | €216,731 | €295,926 | +€79,195 | +36.5% |
| Operating profit (loss) | 9901 | €119,688 | €202,321 | +€82,633 | +69.0% |
| Financial income | 75/76B | €20,518 | €14,706 | -€5,813 | -28.3% |
| Recurring financial income | 75 | €20,518 | €14,706 | -€5,813 | -28.3% |
| Financial charges | 65/66B | €37,777 | €39,126 | +€1,349 | +3.6% |
| Recurring financial charges | 65 | €37,777 | €39,126 | +€1,349 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €102,429 | €177,900 | +€75,471 | +73.7% |
| Income taxes | 67/77 | €30,586 | €54,031 | +€23,444 | +76.7% |
| Profit (loss) for the period | 9904 | €71,843 | €123,870 | +€52,027 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,843 | €123,870 | +€52,027 | +72.4% |
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 24 October 2026 via checked.be.