A thermoplastic-based building panel, such as a floor panel. The building panel includes an upper layer arrangement, a lower layer arrangement, and a balancing layer provided between the lower and the upper layer arrangement. The building panel further includes a groove arrangement including grooves. A thermoplastic-based building panel including an upper layer arrangement and a balancing layer which is a bottom layer of the building panel. The building panel includes a groove arrangement, wherein a major portion of the grooves therein is provided in the balancing layer only. A thermoplastic-based building panel including a mechanical locking system for horizontally and/or vertically locking the building panel to an adjacent building panel. The mechanical locking system includes a cooperating surface which is situated in a balancing layer and is configured to cooperate with a cooperating surface of an adjacent building panel.