GROEP BUSSELS: 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.
GROEP BUSSELS
Largest movements
- Tangible fixed assets -€308,843
down €308,843 (-18.3%), from €1.7m to €1.4m
of which Land and buildings: -€296,091
- Receivables within one year +€187,420
up €187,420 (+47.0%), from €398,569 to €585,990
of which Other amounts receivable: +€200,180
- Cash -€78,350
down €78,350 (-90.5%), from €86,567 to €8,217
mainly Debts after one year (-€285,915) and Receivables within one year (-€187,420)
- Debts after one year -€285,915
down €285,915 (-28.1%), from €1.0m to €730,729
- Provisions +€115,904
up €115,904 (+386%), from €30,046 to €145,950
- Reserves +€43,116
up €43,116 (+5.1%), from €851,542 to €894,657
of which Distributable reserves: +€46,833
- Current portion of long-term debt -€35,659
down €35,659 (-27.2%), from €131,296 to €95,637
- Financial income -€41,679
down €41,679 (-26.2%), from €158,809 to €117,130
of which Non-recurring financial income: -€38,042
- Gross operating margin -€12,349
down €12,349 (-7.0%), from €176,075 to €163,726
- Financial charges +€9,506
up €9,506 (+42.9%), from €22,140 to €31,646
- Depreciation -€7,111
down €7,111 (-10.5%), from €67,831 to €60,719
- Taxes -€5,396
down €5,396 (-22.3%), from €24,214 to €18,819
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 | €2,182,357 | €1,982,799 | -€199,559 | -9.1% |
| Fixed assets | 21/28 | €1,687,690 | €1,377,846 | -€309,843 | -18.4% |
| Tangible fixed assets | 22/27 | €1,686,690 | €1,377,846 | -€308,843 | -18.3% |
| Land and buildings | 22 | €1,659,813 | €1,363,721 | -€296,091 | -17.8% |
| Plant, machinery and equipment | 23 | €283 | €697 | +€415 | +147% |
| Furniture and vehicles | 24 | €26,594 | €13,428 | -€13,167 | -49.5% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €494,667 | €604,952 | +€110,285 | +22.3% |
| Amounts receivable after more than one year | 29 | - | €1,000 | +€1,000 | |
| Trade receivables | 290 | - | €1,000 | +€1,000 | |
| Stocks and contracts in progress | 3 | €9,531 | €9,531 | = | 0.0% |
| Stocks | 30/36 | €9,531 | €9,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €398,569 | €585,990 | +€187,420 | +47.0% |
| Trade receivables | 40 | €34,911 | €22,151 | -€12,760 | -36.5% |
| Other amounts receivable | 41 | €363,658 | €563,838 | +€200,180 | +55.0% |
| Cash at bank and in hand | 54/58 | €86,567 | €8,217 | -€78,350 | -90.5% |
| Deferred charges and accrued income | 490/1 | - | €214 | +€214 | |
| Total equity and liabilities | 10/49 | €2,182,357 | €1,982,799 | -€199,559 | -9.1% |
| Equity | 10/15 | €952,169 | €995,285 | +€43,116 | +4.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €851,542 | €894,657 | +€43,116 | +5.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €149,921 | €146,204 | -€3,717 | -2.5% |
| Distributable reserves | 133 | €695,420 | €742,253 | +€46,833 | +6.7% |
| Profit (loss) carried forward | 14 | €38,628 | €38,628 | = | 0.0% |
| Provisions and deferred taxes | 16 | €30,046 | €145,950 | +€115,904 | +386% |
| Deferred taxes | 168 | €30,046 | €145,950 | +€115,904 | +386% |
| Amounts payable | 17/49 | €1,200,142 | €841,563 | -€358,579 | -29.9% |
| Amounts payable after more than one year | 17 | €1,016,644 | €730,729 | -€285,915 | -28.1% |
| Financial debts | 170/4 | €1,016,644 | €730,729 | -€285,915 | -28.1% |
| Amounts payable within one year | 42/48 | €183,498 | €110,834 | -€72,664 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €131,296 | €95,637 | -€35,659 | -27.2% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €22,545 | €1,899 | -€20,646 | -91.6% |
| Suppliers | 440/4 | €22,545 | €1,899 | -€20,646 | -91.6% |
| Taxes, remuneration and social security | 45 | €12,859 | €7,120 | -€5,739 | -44.6% |
| Taxes | 450/3 | €12,859 | €7,120 | -€5,739 | -44.6% |
| Other amounts payable | 47/48 | €6,797 | €6,177 | -€620 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,831 | €60,719 | -€7,111 | -10.5% |
| Other operating charges | 640/8 | €11,212 | €10,651 | -€561 | -5.0% |
| Gross operating margin | 9900 | €176,075 | €163,726 | -€12,349 | -7.0% |
| Operating profit (loss) | 9901 | €97,033 | €92,355 | -€4,677 | -4.8% |
| Financial income | 75/76B | €158,809 | €117,130 | -€41,679 | -26.2% |
| Recurring financial income | 75 | €3,933 | €296 | -€3,637 | -92.5% |
| Non-recurring financial income | 76B | €154,876 | €116,834 | -€38,042 | -24.6% |
| Financial charges | 65/66B | €22,140 | €31,646 | +€9,506 | +42.9% |
| Recurring financial charges | 65 | €22,140 | €31,646 | +€9,506 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €233,702 | €177,839 | -€55,863 | -23.9% |
| Transfer from deferred taxes | 780 | €929 | €929 | = | 0.0% |
| Transfer to deferred taxes | 680 | €30,975 | €23,367 | -€7,608 | -24.6% |
| Income taxes | 67/77 | €24,214 | €18,819 | -€5,396 | -22.3% |
| Profit (loss) for the period | 9904 | €179,442 | €136,583 | -€42,859 | -23.9% |
| Transfer from tax-exempt reserves | 789 | €4,939 | €3,717 | -€1,222 | -24.7% |
| Transfer to tax-exempt reserves | 689 | €123,901 | €93,467 | -€30,434 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,480 | €46,833 | -€13,647 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.