De Groote Lieven: 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.
What changed
De Groote Lieven
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2025 · €81,810+€949,965
Equity
€6.6m
2025 · €5.6m+€1.0m
Cash
€880,871
2025 · €355,711+€525,160
Balance sheet total
€10.0m
2025 · €9.5m+€535,707
Largest movements
Assets
- Cash +€525,160
up €525,160 (+148%), from €355,711 to €880,871
mainly Net result for the year (+€1.0m) and Depreciation (+€365,412)
Equity and liabilities
- Reserves +€1.0m
up €1.0m (+38.0%), from €2.7m to €3.7m
- Other debts -€662,112
down €662,112 (-20.0%), from €3.3m to €2.6m
Income statement
- Financial income +€853,866
up €853,866 (+135%), from €631,152 to €1.5m
of which Financial income: +€802,406
- Financial charges -€278,514
down €278,514 (-77.5%), from €359,508 to €80,993
of which Non-recurring financial charges: -€308,575
- Taxes +€95,352
up €95,352 (+1,132%), from €8,422 to €103,774
- Depreciation +€78,915
up €78,915 (+27.5%), from €286,497 to €365,412
- Other operating charges -€62,230
down €62,230 (-92.6%), from €67,228 to €4,998
From the 2025 result to the 2026 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.
Result 2025
€81,810
Gross operating margin
-€853
Staff costs
-€4,902
Depreciation
-€78,915
Other operating charges
+€62,230
Other operating items
-€64,623
Financial income
+€853,866
Financial charges
+€278,514
Taxes
-€95,352
Result 2026
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€874,340
Investment
-€406,986
Financing
+€57,806
Cash 2025
€355,711
From operations (derived)
+€874,340
Net result for the year
+€1.0m
Depreciation
+€365,412
Smaller working-capital items
-€92
Receivables within one year
+€37,073
Deferred charges and accrued income
-€6,260
Tax, wage and social debts
+€71,314
Other debts
-€662,112
Accrued charges and deferred income
+€37,229
Investment (derived)
-€406,986
Investment in fixed assets (net)
-€467,246
Current investments
+€60,260
Financing
+€57,806
Debts after one year
-€28,040
Current portion of long-term debt
+€84,333
Short-term financial debts
+€1,513
Cash 2026
€880,871
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,457,449 | €9,993,155 | +€535,707 | +5.7% |
| Fixed assets | 21/28 | €8,464,896 | €8,566,730 | +€101,834 | +1.2% |
| Tangible fixed assets | 22/27 | €1,329,071 | €1,379,469 | +€50,399 | +3.8% |
| Land and buildings | 22 | €98,309 | €83,347 | -€14,963 | -15.2% |
| Plant, machinery and equipment | 23 | €29,974 | €41,639 | +€11,665 | +38.9% |
| Furniture and vehicles | 24 | €958,665 | €910,204 | -€48,460 | -5.1% |
| Other tangible fixed assets | 26 | €242,123 | €344,280 | +€102,157 | +42.2% |
| Financial fixed assets | 28 | €7,135,825 | €7,187,260 | +€51,435 | +0.7% |
| Current assets | 29/58 | €992,553 | €1,426,426 | +€433,873 | +43.7% |
| Stocks and contracts in progress | 3 | €124,150 | €123,936 | -€214 | -0.2% |
| Stocks | 30/36 | €124,150 | €123,936 | -€214 | -0.2% |
| Amounts receivable within one year | 40/41 | €249,259 | €212,186 | -€37,073 | -14.9% |
| Trade receivables | 40 | €142,328 | €93,093 | -€49,235 | -34.6% |
| Other amounts receivable | 41 | €106,931 | €119,093 | +€12,162 | +11.4% |
| Current investments | 50/53 | €200,000 | €139,740 | -€60,260 | -30.1% |
| Cash at bank and in hand | 54/58 | €355,711 | €880,871 | +€525,160 | +148% |
| Deferred charges and accrued income | 490/1 | €63,433 | €69,692 | +€6,260 | +9.9% |
| Total equity and liabilities | 10/49 | €9,457,449 | €9,993,155 | +€535,707 | +5.7% |
| Equity | 10/15 | €5,616,943 | €6,648,718 | +€1.0m | +18.4% |
| Contributions | 10/11 | €2,900,000 | €2,900,000 | = | 0.0% |
| Reserves | 13 | €2,716,943 | €3,748,718 | +€1.0m | +38.0% |
| Distributable reserves | 133 | €2,716,943 | €3,748,718 | +€1.0m | +38.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,840,506 | €3,344,438 | -€496,068 | -12.9% |
| Amounts payable after more than one year | 17 | €255,300 | €227,260 | -€28,040 | -11.0% |
| Financial debts | 170/4 | €255,300 | €227,260 | -€28,040 | -11.0% |
| Amounts payable within one year | 42/48 | €3,551,996 | €3,046,738 | -€505,258 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €176,040 | €260,373 | +€84,333 | +47.9% |
| Financial debts | 43 | - | €1,513 | +€1,513 | |
| Credit institutions | 430/8 | - | €1,513 | +€1,513 | |
| Trade debts | 44 | €18,667 | €18,361 | -€306 | -1.6% |
| Suppliers | 440/4 | €18,667 | €18,361 | -€306 | -1.6% |
| Taxes, remuneration and social security | 45 | €52,421 | €123,735 | +€71,314 | +136% |
| Taxes | 450/3 | €18,944 | €103,282 | +€84,338 | +445% |
| Remuneration and social security | 454/9 | €33,477 | €20,453 | -€13,024 | -38.9% |
| Other amounts payable | 47/48 | €3,304,868 | €2,642,755 | -€662,112 | -20.0% |
| Accrued charges and deferred income | 492/3 | €33,211 | €70,440 | +€37,229 | +112% |
| Non-recurring operating income | 76A | - | €197,700 | +€197,700 | |
| Remuneration, social security and pensions | 62 | €187,845 | €192,747 | +€4,902 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286,497 | €365,412 | +€78,915 | +27.5% |
| Other operating charges | 640/8 | €67,228 | €4,998 | -€62,230 | -92.6% |
| Non-recurring operating charges | 66A | - | €64,623 | +€64,623 | |
| Gross operating margin | 9900 | €360,157 | €359,303 | -€853 | -0.2% |
| Operating profit (loss) | 9901 | -€181,413 | -€268,476 | -€87,063 | -48.0% |
| Financial income | 75/76B | €631,152 | €1,485,018 | +€853,866 | +135% |
| Recurring financial income | 75 | €631,152 | €1,433,558 | +€802,406 | +127% |
| Non-recurring financial income | 76B | - | €51,461 | +€51,461 | |
| Financial charges | 65/66B | €359,508 | €80,993 | -€278,514 | -77.5% |
| Recurring financial charges | 65 | €50,932 | €80,993 | +€30,061 | +59.0% |
| Non-recurring financial charges | 66B | €308,575 | €0 | -€308,575 | -100% |
| Profit (loss) for the period before taxes | 9903 | €90,231 | €1,135,549 | +€1.0m | +1,158% |
| Income taxes | 67/77 | €8,422 | €103,774 | +€95,352 | +1,132% |
| Profit (loss) for the period | 9904 | €81,810 | €1,031,775 | +€949,965 | +1,161% |
| Profit (loss) for the period to be appropriated | 9905 | €81,810 | €1,031,775 | +€949,965 | +1,161% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.