DE GROEF Erik: 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.
DE GROEF Erik
Largest movements
- Cash +€14,567
up €14,567 (+97.5%), from €14,945 to €29,512
mainly Net result for the year (+€12,652) and Tax, wage and social debts (+€8,605)
- Receivables within one year +€3,718
up €3,718 (+38.4%), from €9,681 to €13,399
of which Other amounts receivable: +€3,794
- Stocks and contracts +€3,045
up €3,045 (+15.2%), from €20,002 to €23,047
- Tangible fixed assets -€1,067
down €1,067 (-54.2%), from €1,970 to €903
- Reserves +€12,652
up €12,652 (+60.5%), from €20,921 to €33,572
of which Distributable reserves: +€12,652
- Tax, wage and social debts +€8,605
up €8,605 (+326%), from €2,643 to €11,248
- Trade debts -€964
down €964 (-19.1%), from €5,047 to €4,083
- Gross operating margin +€17,557
up €17,557 (+444%), from €3,951 to €21,507
- Taxes +€4,629
up €4,629 (+371%), from €1,246 to €5,875
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 | €47,210 | €67,503 | +€20,292 | +43.0% |
| Fixed assets | 21/28 | €1,970 | €903 | -€1,067 | -54.2% |
| Tangible fixed assets | 22/27 | €1,970 | €903 | -€1,067 | -54.2% |
| Plant, machinery and equipment | 23 | €1,970 | €903 | -€1,067 | -54.2% |
| Current assets | 29/58 | €45,241 | €66,600 | +€21,359 | +47.2% |
| Stocks and contracts in progress | 3 | €20,002 | €23,047 | +€3,045 | +15.2% |
| Stocks | 30/36 | €20,002 | €23,047 | +€3,045 | +15.2% |
| Amounts receivable within one year | 40/41 | €9,681 | €13,399 | +€3,718 | +38.4% |
| Trade receivables | 40 | €76 | - | -€76 | |
| Other amounts receivable | 41 | €9,605 | €13,399 | +€3,794 | +39.5% |
| Current investments | 50/53 | €104 | €107 | +€3 | +3.0% |
| Cash at bank and in hand | 54/58 | €14,945 | €29,512 | +€14,567 | +97.5% |
| Deferred charges and accrued income | 490/1 | €509 | €536 | +€27 | +5.3% |
| Total equity and liabilities | 10/49 | €47,210 | €67,503 | +€20,292 | +43.0% |
| Equity | 10/15 | €39,521 | €52,172 | +€12,652 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,921 | €33,572 | +€12,652 | +60.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,061 | €31,712 | +€12,652 | +66.4% |
| Amounts payable | 17/49 | €7,690 | €15,331 | +€7,641 | +99.4% |
| Amounts payable within one year | 42/48 | €7,690 | €15,331 | +€7,641 | +99.4% |
| Trade debts | 44 | €5,047 | €4,083 | -€964 | -19.1% |
| Suppliers | 440/4 | €5,047 | €4,083 | -€964 | -19.1% |
| Taxes, remuneration and social security | 45 | €2,643 | €11,248 | +€8,605 | +326% |
| Taxes | 450/3 | €2,643 | €11,248 | +€8,605 | +326% |
| Remuneration, social security and pensions | 62 | €875 | €879 | +€3 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067 | €1,067 | = | 0.0% |
| Other operating charges | 640/8 | €896 | €928 | +€32 | +3.6% |
| Gross operating margin | 9900 | €3,951 | €21,507 | +€17,557 | +444% |
| Operating profit (loss) | 9901 | €1,112 | €18,634 | +€17,521 | +1,575% |
| Financial income | 75/76B | €4 | €21 | +€17 | +458% |
| Recurring financial income | 75 | €4 | €21 | +€17 | +458% |
| Financial charges | 65/66B | €59 | €128 | +€69 | +116% |
| Recurring financial charges | 65 | €59 | €128 | +€69 | +116% |
| Profit (loss) for the period before taxes | 9903 | €1,057 | €18,526 | +€17,469 | +1,653% |
| Income taxes | 67/77 | €1,246 | €5,875 | +€4,629 | +371% |
| Profit (loss) for the period | 9904 | -€189 | €12,652 | +€12,841 | |
| Profit (loss) for the period to be appropriated | 9905 | -€189 | €12,652 | +€12,841 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.