De Groote: 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.
De Groote
Largest movements
- Cash -€73,701
down €73,701 (-61.8%), from €119,210 to €45,509
mainly Other debts (-€144,014) and Investment in fixed assets (net) (-€85,468)
- Tangible fixed assets +€60,787
up €60,787 (+26.8%), from €226,933 to €287,720
of which Land and buildings: +€72,808
- Receivables within one year -€51,531
down €51,531 (-55.0%), from €93,654 to €42,123
of which Other amounts receivable: -€78,669
- Receivables after one year -€10,780
down €10,780 (-24.3%), from €44,431 to €33,651
- Other debts -€144,014
down €144,014 (-94.3%), from €152,655 to €8,641
- Debts after one year +€34,997
up €34,997 (+52.8%), from €66,316 to €101,313
- Reserves +€11,592
up €11,592 (+29.3%), from €39,558 to €51,150
of which Distributable reserves: +€11,592
- Trade debts +€10,201
up €10,201 (+288.7%), from €3,534 to €13,735
- Current portion of long-term debt +€5,623
up €5,623 (+38.3%), from €14,692 to €20,315
- Gross operating margin +€6,692
up €6,692 (+13.8%), from €48,401 to €55,093
- Taxes +€5,586
up €5,586 (+88.5%), from €6,312 to €11,898
- Financial charges -€5,296
down €5,296 (-60.0%), from €8,829 to €3,533
of which Non-recurring financial charges: -€6,718
- Other operating charges -€3,219
down €3,219 (-42.9%), from €7,497 to €4,278
- Financial income -€844
down €844 (-48.7%), from €1,733 to €889
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 | €487,588 | €412,363 | -€75,225 | -15.4% |
| Fixed assets | 21/28 | €230,293 | €291,080 | +€60,787 | +26.4% |
| Tangible fixed assets | 22/27 | €226,933 | €287,720 | +€60,787 | +26.8% |
| Land and buildings | 22 | €200,403 | €273,211 | +€72,808 | +36.3% |
| Plant, machinery and equipment | 23 | €5,309 | €3,982 | -€1,327 | -25.0% |
| Furniture and vehicles | 24 | €8,501 | €10,527 | +€2,026 | +23.8% |
| Assets under construction and advance payments | 27 | €12,720 | - | -€12,720 | |
| Financial fixed assets | 28 | €3,360 | €3,360 | = | 0.0% |
| Current assets | 29/58 | €257,295 | €121,283 | -€136,012 | -52.9% |
| Amounts receivable after more than one year | 29 | €44,431 | €33,651 | -€10,780 | -24.3% |
| Other amounts receivable | 291 | €44,431 | €33,651 | -€10,780 | -24.3% |
| Amounts receivable within one year | 40/41 | €93,654 | €42,123 | -€51,531 | -55.0% |
| Trade receivables | 40 | - | €27,138 | +€27,138 | |
| Other amounts receivable | 41 | €93,654 | €14,985 | -€78,669 | -84.0% |
| Cash at bank and in hand | 54/58 | €119,210 | €45,509 | -€73,701 | -61.8% |
| Total equity and liabilities | 10/49 | €487,588 | €412,363 | -€75,225 | -15.4% |
| Equity | 10/15 | €244,049 | €255,641 | +€11,592 | +4.7% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €89,539 | €89,539 | = | 0.0% |
| Issued capital | 100 | €89,539 | €89,539 | = | 0.0% |
| Outside capital | 11 | €15,816 | €15,816 | = | 0.0% |
| Share premium | 1100/10 | €15,816 | €15,816 | = | 0.0% |
| Reserves | 13 | €39,558 | €51,150 | +€11,592 | +29.3% |
| Non-distributable reserves | 130/1 | €8,954 | €8,954 | = | 0.0% |
| Legal reserve | 130 | €8,954 | €8,954 | = | 0.0% |
| Distributable reserves | 133 | €30,604 | €42,196 | +€11,592 | +37.9% |
| Profit (loss) carried forward | 14 | €99,136 | €99,136 | = | 0.0% |
| Amounts payable | 17/49 | €243,539 | €156,722 | -€86,817 | -35.6% |
| Amounts payable after more than one year | 17 | €66,316 | €101,313 | +€34,997 | +52.8% |
| Financial debts | 170/4 | €66,316 | €101,313 | +€34,997 | +52.8% |
| Amounts payable within one year | 42/48 | €177,223 | €54,209 | -€123,014 | -69.4% |
| Current portion of amounts payable after more than one year | 42 | €14,692 | €20,315 | +€5,623 | +38.3% |
| Trade debts | 44 | €3,534 | €13,735 | +€10,201 | +288.7% |
| Suppliers | 440/4 | €3,534 | €13,735 | +€10,201 | +288.7% |
| Taxes, remuneration and social security | 45 | €6,342 | €11,518 | +€5,176 | +81.6% |
| Taxes | 450/3 | €6,342 | €11,518 | +€5,176 | +81.6% |
| Other amounts payable | 47/48 | €152,655 | €8,641 | -€144,014 | -94.3% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,975 | €24,681 | -€294 | -1.2% |
| Other operating charges | 640/8 | €7,497 | €4,278 | -€3,219 | -42.9% |
| Gross operating margin | 9900 | €48,401 | €55,093 | +€6,692 | +13.8% |
| Operating profit (loss) | 9901 | €15,929 | €26,134 | +€10,205 | +64.1% |
| Financial income | 75/76B | €1,733 | €889 | -€844 | -48.7% |
| Recurring financial income | 75 | €1,733 | €889 | -€844 | -48.7% |
| Financial charges | 65/66B | €8,829 | €3,533 | -€5,296 | -60.0% |
| Recurring financial charges | 65 | €2,111 | €3,533 | +€1,422 | +67.4% |
| Non-recurring financial charges | 66B | €6,718 | - | -€6,718 | |
| Profit (loss) for the period before taxes | 9903 | €8,833 | €23,490 | +€14,657 | +165.9% |
| Income taxes | 67/77 | €6,312 | €11,898 | +€5,586 | +88.5% |
| Profit (loss) for the period | 9904 | €2,521 | €11,592 | +€9,071 | +359.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,521 | €11,592 | +€9,071 | +359.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.