Groep-C: 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-C
Largest movements
- Cash -€197,879
down €197,879 (-99.3%), from €199,308 to €1,429
mainly Current portion of long-term debt (-€146,835) and Debts after one year (-€88,327)
- Tangible fixed assets -€101,602
down €101,602 (-24.0%), from €422,939 to €321,337
of which Furniture and vehicles: -€93,212
- Receivables within one year -€30,283
down €30,283 (-28.7%), from €105,478 to €75,195
of which Trade receivables: -€26,193
- Current portion of long-term debt -€146,835
down €146,835 (-64.0%), from €229,472 to €82,637
- Debts after one year -€88,327
down €88,327 (-55.8%), from €158,208 to €69,881
- Tax, wage and social debts -€86,489
down €86,489 (-97.7%), from €88,522 to €2,032
of which Taxes: -€62,408
- Short-term financial debts +€19,047
new in 2025: €19,047
- Other debts -€11,769
down €11,769 (-17.1%), from €68,656 to €56,888
- Gross operating margin -€237,424
down €237,424 (-60.0%), from €395,856 to €158,433
- Staff costs -€169,493
down €169,493 (-83.4%), from €203,343 to €33,850
- Taxes -€15,778
down €15,778 (-98.7%), from €15,981 to €203
- Depreciation -€9,614
down €9,614 (-8.2%), from €117,414 to €107,800
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 | €732,474 | €416,819 | -€315,655 | -43.1% |
| Fixed assets | 21/28 | €422,939 | €321,337 | -€101,602 | -24.0% |
| Tangible fixed assets | 22/27 | €422,939 | €321,337 | -€101,602 | -24.0% |
| Plant, machinery and equipment | 23 | €134,269 | €125,879 | -€8,390 | -6.2% |
| Furniture and vehicles | 24 | €288,670 | €195,459 | -€93,212 | -32.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €309,534 | €95,482 | -€214,053 | -69.2% |
| Stocks and contracts in progress | 3 | €0 | €7,234 | +€7,234 | |
| Stocks | 30/36 | €0 | €7,234 | +€7,234 | |
| Amounts receivable within one year | 40/41 | €105,478 | €75,195 | -€30,283 | -28.7% |
| Trade receivables | 40 | €87,671 | €61,477 | -€26,193 | -29.9% |
| Other amounts receivable | 41 | €17,808 | €13,718 | -€4,090 | -23.0% |
| Cash at bank and in hand | 54/58 | €199,308 | €1,429 | -€197,879 | -99.3% |
| Deferred charges and accrued income | 490/1 | €4,748 | €11,624 | +€6,876 | +145% |
| Total equity and liabilities | 10/49 | €732,474 | €416,819 | -€315,655 | -43.1% |
| Equity | 10/15 | €151,503 | €152,659 | +€1,155 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €139,103 | €140,259 | +€1,155 | +0.8% |
| Non-distributable reserves | 130/1 | €750 | €750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €750 | €750 | = | 0.0% |
| Distributable reserves | 133 | €138,353 | €139,509 | +€1,155 | +0.8% |
| Amounts payable | 17/49 | €580,970 | €264,160 | -€316,810 | -54.5% |
| Amounts payable after more than one year | 17 | €158,208 | €69,881 | -€88,327 | -55.8% |
| Financial debts | 170/4 | €158,208 | €69,881 | -€88,327 | -55.8% |
| Amounts payable within one year | 42/48 | €422,762 | €192,634 | -€230,128 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €229,472 | €82,637 | -€146,835 | -64.0% |
| Financial debts | 43 | - | €19,047 | +€19,047 | |
| Credit institutions | 430/8 | - | €19,047 | +€19,047 | |
| Trade debts | 44 | €36,112 | €32,030 | -€4,082 | -11.3% |
| Suppliers | 440/4 | €36,112 | €32,030 | -€4,082 | -11.3% |
| Taxes, remuneration and social security | 45 | €88,522 | €2,032 | -€86,489 | -97.7% |
| Taxes | 450/3 | €63,540 | €1,132 | -€62,408 | -98.2% |
| Remuneration and social security | 454/9 | €24,981 | €900 | -€24,081 | -96.4% |
| Other amounts payable | 47/48 | €68,656 | €56,888 | -€11,769 | -17.1% |
| Accrued charges and deferred income | 492/3 | - | €1,646 | +€1,646 | |
| Non-recurring operating income | 76A | €128,371 | €12,280 | -€116,091 | -90.4% |
| Remuneration, social security and pensions | 62 | €203,343 | €33,850 | -€169,493 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,414 | €107,800 | -€9,614 | -8.2% |
| Other operating charges | 640/8 | €1,652 | €1,544 | -€108 | -6.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €395,856 | €158,433 | -€237,424 | -60.0% |
| Operating profit (loss) | 9901 | €73,447 | €15,238 | -€58,209 | -79.3% |
| Financial income | 75/76B | €114 | €160 | +€46 | +40.3% |
| Recurring financial income | 75 | €114 | €160 | +€46 | +40.3% |
| Financial charges | 65/66B | €13,344 | €14,040 | +€695 | +5.2% |
| Recurring financial charges | 65 | €13,344 | €14,040 | +€695 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €60,216 | €1,358 | -€58,858 | -97.7% |
| Income taxes | 67/77 | €15,981 | €203 | -€15,778 | -98.7% |
| Profit (loss) for the period | 9904 | €44,235 | €1,155 | -€43,080 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,235 | €1,155 | -€43,080 | -97.4% |
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 15 October 2026 via checked.be.