ANDRE DE GROEF BVBA: 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.
ANDRE DE GROEF BVBA
Largest movements
- Cash -€75,141
down €75,141 (-89.7%), from €83,768 to €8,627
mainly Investment in fixed assets (net) (-€70,227) and Net result for the year (-€8,170)
- Tangible fixed assets +€61,614
up €61,614 (+1,967%), from €3,133 to €64,747
of which Furniture and vehicles: +€62,330
- Receivables within one year +€3,363
up €3,363 (+2.2%), from €150,370 to €153,733
of which Other amounts receivable: +€3,975
- Profit (loss) carried forward -€8,170
down €8,170 (-49.9%), from -€16,380 to -€24,551
- Gross operating margin +€14,243
up €14,243, from -€12,180 to €2,062
- Depreciation +€6,561
up €6,561 (+320%), from €2,052 to €8,613
- Taxes -€540
down €540 (-40.6%), from €1,330 to €790
- Write-downs +€506
new in 2025: €506
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 | €244,954 | €235,532 | -€9,422 | -3.8% |
| Fixed assets | 21/28 | €3,133 | €64,747 | +€61,614 | +1,967% |
| Tangible fixed assets | 22/27 | €3,133 | €64,747 | +€61,614 | +1,967% |
| Plant, machinery and equipment | 23 | €2,698 | €1,982 | -€716 | -26.5% |
| Furniture and vehicles | 24 | €435 | €62,765 | +€62,330 | +14,339% |
| Current assets | 29/58 | €241,821 | €170,785 | -€71,036 | -29.4% |
| Amounts receivable within one year | 40/41 | €150,370 | €153,733 | +€3,363 | +2.2% |
| Trade receivables | 40 | €612 | - | -€612 | |
| Other amounts receivable | 41 | €149,758 | €153,733 | +€3,975 | +2.7% |
| Current investments | 50/53 | €6,624 | €6,686 | +€61 | +0.9% |
| Cash at bank and in hand | 54/58 | €83,768 | €8,627 | -€75,141 | -89.7% |
| Deferred charges and accrued income | 490/1 | €1,058 | €1,739 | +€681 | +64.3% |
| Total equity and liabilities | 10/49 | €244,954 | €235,532 | -€9,422 | -3.8% |
| Equity | 10/15 | €239,399 | €231,229 | -€8,170 | -3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €235,780 | €235,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €233,780 | €233,780 | = | 0.0% |
| Other | 1319 | €233,780 | €233,780 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,380 | -€24,551 | -€8,170 | -49.9% |
| Amounts payable | 17/49 | €5,555 | €4,303 | -€1,252 | -22.5% |
| Amounts payable within one year | 42/48 | €2,930 | €1,678 | -€1,252 | -42.7% |
| Trade debts | 44 | €1,800 | €1,415 | -€386 | -21.4% |
| Suppliers | 440/4 | €1,800 | €1,415 | -€386 | -21.4% |
| Taxes, remuneration and social security | 45 | €1,130 | €264 | -€866 | -76.7% |
| Taxes | 450/3 | €1,130 | €264 | -€866 | -76.7% |
| Accrued charges and deferred income | 492/3 | €2,625 | €2,625 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,896 | +€12,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,052 | €8,613 | +€6,561 | +320% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €506 | +€506 | |
| Other operating charges | 640/8 | €248 | €240 | -€8 | -3.4% |
| Gross operating margin | 9900 | -€12,180 | €2,062 | +€14,243 | |
| Operating profit (loss) | 9901 | -€14,480 | -€7,296 | +€7,184 | +49.6% |
| Financial income | 75/76B | €0 | €91 | +€91 | +453,050% |
| Recurring financial income | 75 | €0 | €91 | +€91 | +453,050% |
| Financial charges | 65/66B | €239 | €175 | -€64 | -26.9% |
| Recurring financial charges | 65 | €239 | €175 | -€64 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,719 | -€7,380 | +€7,339 | +49.9% |
| Income taxes | 67/77 | €1,330 | €790 | -€540 | -40.6% |
| Profit (loss) for the period | 9904 | -€16,049 | -€8,170 | +€7,879 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,049 | -€8,170 | +€7,879 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.