DEGROOTE SOLUTIONS: 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.
DEGROOTE SOLUTIONS
Largest movements
- Receivables within one year -€127,687
down €127,687 (-88.9%), from €143,665 to €15,979
of which Other amounts receivable: -€116,443
- Intangible fixed assets -€110,000
down €110,000 (-100%), from €110,000 to €0
- Cash -€94,043
down €94,043 (-92.5%), from €101,698 to €7,655
mainly Net result for the year (-€220,979) and Advances received (-€208,277)
- Stocks and contracts -€83,605
down €83,605 (-22.3%), from €375,100 to €291,495
- Tangible fixed assets -€19,567
down €19,567 (-33.5%), from €58,495 to €38,928
of which Plant, machinery and equipment: -€11,921
- Profit (loss) carried forward -€220,979
down €220,979, from €0 to -€220,979
- Advances received -€208,277
down €208,277 (-31.1%), from €670,000 to €461,723
- Debts after one year -€14,445
down €14,445 (-70.5%), from €20,484 to €6,039
- Tax, wage and social debts +€13,180
up €13,180 (+98.6%), from €13,362 to €26,542
of which Remuneration and social security: +€16,126
- Trade debts -€11,061
down €11,061 (-21.1%), from €52,322 to €41,261
- Gross operating margin -€171,576
down €171,576, from €152,285 to -€19,291
- Staff costs +€12,222
up €12,222 (+20.2%), from €60,641 to €72,863
- Taxes -€5,004
down €5,004 (-100%), from €5,004 to €0
- Financial income -€4,150
down €4,150 (-99.7%), from €4,162 to €12
- Depreciation +€3,245
up €3,245 (+4.8%), from €67,505 to €70,751
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €795,158 | €355,346 | -€439,812 | -55.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €168,495 | €38,928 | -€129,567 | -76.9% |
| Intangible fixed assets | 21 | €110,000 | €0 | -€110,000 | -100% |
| Tangible fixed assets | 22/27 | €58,495 | €38,928 | -€19,567 | -33.5% |
| Plant, machinery and equipment | 23 | €38,618 | €26,696 | -€11,921 | -30.9% |
| Furniture and vehicles | 24 | €10,535 | €4,923 | -€5,612 | -53.3% |
| Other tangible fixed assets | 26 | €9,342 | €7,309 | -€2,034 | -21.8% |
| Current assets | 29/58 | €626,663 | €316,418 | -€310,246 | -49.5% |
| Stocks and contracts in progress | 3 | €375,100 | €291,495 | -€83,605 | -22.3% |
| Contracts in progress | 37 | €375,100 | €291,495 | -€83,605 | -22.3% |
| Amounts receivable within one year | 40/41 | €143,665 | €15,979 | -€127,687 | -88.9% |
| Trade receivables | 40 | €19,824 | €8,580 | -€11,244 | -56.7% |
| Other amounts receivable | 41 | €123,842 | €7,399 | -€116,443 | -94.0% |
| Cash at bank and in hand | 54/58 | €101,698 | €7,655 | -€94,043 | -92.5% |
| Deferred charges and accrued income | 490/1 | €6,200 | €1,289 | -€4,911 | -79.2% |
| Total equity and liabilities | 10/49 | €795,158 | €355,346 | -€439,812 | -55.3% |
| Equity | 10/15 | €24,609 | -€196,370 | -€220,979 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €21,109 | €21,109 | = | 0.0% |
| Distributable reserves | 133 | €21,109 | €21,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€220,979 | -€220,979 | |
| Amounts payable | 17/49 | €770,549 | €551,715 | -€218,833 | -28.4% |
| Amounts payable after more than one year | 17 | €20,484 | €6,039 | -€14,445 | -70.5% |
| Financial debts | 170/4 | €20,484 | €6,039 | -€14,445 | -70.5% |
| Amounts payable within one year | 42/48 | €750,065 | €543,971 | -€206,094 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €14,381 | €14,445 | +€64 | +0.4% |
| Trade debts | 44 | €52,322 | €41,261 | -€11,061 | -21.1% |
| Suppliers | 440/4 | €52,322 | €41,261 | -€11,061 | -21.1% |
| Advances received on contracts in progress | 46 | €670,000 | €461,723 | -€208,277 | -31.1% |
| Taxes, remuneration and social security | 45 | €13,362 | €26,542 | +€13,180 | +98.6% |
| Taxes | 450/3 | €6,123 | €3,177 | -€2,946 | -48.1% |
| Remuneration and social security | 454/9 | €7,239 | €23,365 | +€16,126 | +223% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,706 | +€1,706 | |
| Remuneration, social security and pensions | 62 | €60,641 | €72,863 | +€12,222 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,505 | €70,751 | +€3,245 | +4.8% |
| Other operating charges | 640/8 | €768 | €105 | -€663 | -86.3% |
| Non-recurring operating charges | 66A | - | €56,416 | +€56,416 | |
| Gross operating margin | 9900 | €152,285 | -€19,291 | -€171,576 | |
| Operating profit (loss) | 9901 | €23,371 | -€219,425 | -€242,796 | |
| Financial income | 75/76B | €4,162 | €12 | -€4,150 | -99.7% |
| Recurring financial income | 75 | €4,162 | €12 | -€4,150 | -99.7% |
| Financial charges | 65/66B | €2,567 | €1,566 | -€1,001 | -39.0% |
| Recurring financial charges | 65 | €2,567 | €1,566 | -€1,001 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €24,965 | -€220,979 | -€245,944 | |
| Income taxes | 67/77 | €5,004 | €0 | -€5,004 | -100% |
| Profit (loss) for the period | 9904 | €19,961 | -€220,979 | -€240,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,961 | -€220,979 | -€240,941 |
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 15 October 2026 via checked.be.