GROEP 3: 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.
GROEP 3
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€18,228
down €18,228 (-88.3%), from €20,641 to €2,413
of which Financial charges: -€12,762
- Gross operating margin +€4,361
up €4,361, from -€4,085 to €275
- Other operating charges -€69
down €69 (-6.1%), from €1,130 to €1,060
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 | €3,279,526 | €3,285,160 | +€5,634 | +0.2% |
| Fixed assets | 21/28 | €3,156,732 | €3,154,573 | -€2,159 | -0.1% |
| Tangible fixed assets | 22/27 | €131,844 | €131,844 | = | 0.0% |
| Other tangible fixed assets | 26 | €131,844 | €131,844 | = | 0.0% |
| Financial fixed assets | 28 | €3,024,888 | €3,022,729 | -€2,159 | -0.1% |
| Current assets | 29/58 | €122,794 | €130,587 | +€7,793 | +6.3% |
| Stocks and contracts in progress | 3 | €12,500 | - | -€12,500 | |
| Stocks | 30/36 | €12,500 | - | -€12,500 | |
| Amounts receivable within one year | 40/41 | €110,265 | €130,327 | +€20,062 | +18.2% |
| Trade receivables | 40 | €109,195 | €129,195 | +€20,000 | +18.3% |
| Other amounts receivable | 41 | €1,070 | €1,132 | +€62 | +5.8% |
| Cash at bank and in hand | 54/58 | €29 | €260 | +€231 | +792.9% |
| Total equity and liabilities | 10/49 | €3,279,526 | €3,285,160 | +€5,634 | +0.2% |
| Equity | 10/15 | -€8,067,636 | -€8,070,834 | -€3,198 | 0.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €260,826 | €260,826 | = | 0.0% |
| Distributable reserves | 133 | €260,826 | €260,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,828,462 | -€8,831,660 | -€3,198 | 0.0% |
| Amounts payable | 17/49 | €11,347,161 | €11,355,994 | +€8,832 | +0.1% |
| Amounts payable after more than one year | 17 | €10,963,247 | €10,948,656 | -€14,591 | -0.1% |
| Other amounts payable | 178/9 | €10,963,247 | €10,948,656 | -€14,591 | -0.1% |
| Amounts payable within one year | 42/48 | €383,914 | €407,337 | +€23,423 | +6.1% |
| Trade debts | 44 | €382,414 | €381,637 | -€777 | -0.2% |
| Suppliers | 440/4 | €382,414 | €381,637 | -€777 | -0.2% |
| Advances received on contracts in progress | 46 | - | €24,200 | +€24,200 | |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,130 | €1,060 | -€69 | -6.1% |
| Gross operating margin | 9900 | -€4,085 | €275 | +€4,361 | |
| Operating profit (loss) | 9901 | -€5,215 | -€785 | +€4,430 | +84.9% |
| Financial charges | 65/66B | €20,641 | €2,413 | -€18,228 | -88.3% |
| Recurring financial charges | 65 | €13,016 | €254 | -€12,762 | -98.0% |
| Non-recurring financial charges | 66B | €7,625 | €2,159 | -€5,466 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,856 | -€3,198 | +€22,658 | +87.6% |
| Profit (loss) for the period | 9904 | -€25,856 | -€3,198 | +€22,658 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,856 | -€3,198 | +€22,658 | +87.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.