25th Group: 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.
25th Group
Largest movements
- Receivables within one year -€8,351
down €8,351 (-6.3%), from €132,920 to €124,570
of which Other amounts receivable: -€6,828
- Cash -€1,358
down €1,358 (-98.0%), from €1,385 to €27
mainly Net result for the year (-€6,738) and Trade debts (-€3,380)
- Profit (loss) carried forward -€6,738
down €6,738 (-12.1%), from -€55,846 to -€62,584
- Trade debts -€3,380
down €3,380 (-57.3%), from €5,899 to €2,519
- Gross operating margin +€13,174
up €13,174 (+76.9%), from -€17,123 to -€3,949
- Other operating charges +€1,947
up €1,947 (+1137.0%), from €171 to €2,118
- Depreciation -€333
down €333 (-100.0%), from €333 to €0
- Financial income -€302
down €302 (-55.9%), from €540 to €238
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 | €134,968 | €124,597 | -€10,371 | -7.7% |
| Fixed assets | 21/28 | €662 | €0 | -€662 | -100.0% |
| Tangible fixed assets | 22/27 | €662 | €0 | -€662 | -100.0% |
| Furniture and vehicles | 24 | €662 | €0 | -€662 | -100.0% |
| Current assets | 29/58 | €134,306 | €124,597 | -€9,709 | -7.2% |
| Amounts receivable within one year | 40/41 | €132,920 | €124,570 | -€8,351 | -6.3% |
| Trade receivables | 40 | €1,523 | €0 | -€1,523 | -100.0% |
| Other amounts receivable | 41 | €131,397 | €124,570 | -€6,828 | -5.2% |
| Cash at bank and in hand | 54/58 | €1,385 | €27 | -€1,358 | -98.0% |
| Total equity and liabilities | 10/49 | €134,968 | €124,597 | -€10,371 | -7.7% |
| Equity | 10/15 | -€5,846 | -€12,584 | -€6,738 | -115.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,846 | -€62,584 | -€6,738 | -12.1% |
| Amounts payable | 17/49 | €140,814 | €137,181 | -€3,633 | -2.6% |
| Amounts payable within one year | 42/48 | €140,814 | €137,181 | -€3,633 | -2.6% |
| Trade debts | 44 | €5,899 | €2,519 | -€3,380 | -57.3% |
| Suppliers | 440/4 | €5,899 | €2,519 | -€3,380 | -57.3% |
| Taxes, remuneration and social security | 45 | €749 | €0 | -€749 | -100.0% |
| Taxes | 450/3 | €749 | €0 | -€749 | -100.0% |
| Other amounts payable | 47/48 | €134,166 | €134,662 | +€496 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €0 | -€333 | -100.0% |
| Other operating charges | 640/8 | €171 | €2,118 | +€1,947 | +1137.0% |
| Non-recurring operating charges | 66A | - | €662 | +€662 | |
| Gross operating margin | 9900 | -€17,123 | -€3,949 | +€13,174 | +76.9% |
| Operating profit (loss) | 9901 | -€17,628 | -€6,729 | +€10,899 | +61.8% |
| Financial income | 75/76B | €540 | €238 | -€302 | -55.9% |
| Recurring financial income | 75 | €540 | €238 | -€302 | -55.9% |
| Financial charges | 65/66B | €169 | €132 | -€38 | -22.2% |
| Recurring financial charges | 65 | €169 | €132 | -€38 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,257 | -€6,622 | +€10,635 | +61.6% |
| Income taxes | 67/77 | -€8 | €116 | +€125 | |
| Profit (loss) for the period | 9904 | -€17,249 | -€6,738 | +€10,510 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,249 | -€6,738 | +€10,510 | +60.9% |
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 4 October 2026 via checked.be.