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
- Stocks and contracts +€19,322
new in 2025: €19,322
- Receivables after one year +€10,000
up €10,000 (+22.2%), from €45,000 to €55,000
- Receivables within one year +€9,526
up €9,526 (+21.9%), from €43,569 to €53,095
of which Trade receivables: +€5,425
- Cash -€8,731
down €8,731 (-10.4%), from €84,062 to €75,331
mainly Stocks and contracts (-€19,322) and Trade debts (-€16,622)
- Tangible fixed assets -€5,326
down €5,326 (-17.8%), from €29,875 to €24,548
- Reserves +€46,965
up €46,965 (+56.2%), from €83,617 to €130,582
- Trade debts -€16,622
down €16,622 (-49.1%), from €33,851 to €17,229
- Debts after one year -€11,147
down €11,147 (-72.8%), from €15,303 to €4,157
- Current portion of long-term debt +€8,673
up €8,673 (+75.3%), from €11,517 to €20,190
- Other debts -€4,164
down €4,164 (-92.9%), from €4,480 to €317
- Gross operating margin -€65,371
down €65,371 (-47.7%), from €136,926 to €71,555
- Taxes -€13,535
down €13,535 (-48.9%), from €27,698 to €14,163
- Financial charges -€5,094
down €5,094 (-69.0%), from €7,388 to €2,294
of which Non-recurring financial charges: -€4,053
- Depreciation +€4,045
up €4,045 (+116%), from €3,500 to €7,545
- Financial income +€1,431
up €1,431 (+262%), from €547 to €1,978
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 | €202,506 | €227,296 | +€24,790 | +12.2% |
| Fixed assets | 21/28 | €29,875 | €24,548 | -€5,326 | -17.8% |
| Tangible fixed assets | 22/27 | €29,875 | €24,548 | -€5,326 | -17.8% |
| Furniture and vehicles | 24 | €29,875 | €24,548 | -€5,326 | -17.8% |
| Current assets | 29/58 | €172,631 | €202,748 | +€30,117 | +17.4% |
| Amounts receivable after more than one year | 29 | €45,000 | €55,000 | +€10,000 | +22.2% |
| Other amounts receivable | 291 | €45,000 | €55,000 | +€10,000 | +22.2% |
| Stocks and contracts in progress | 3 | - | €19,322 | +€19,322 | |
| Stocks | 30/36 | - | €19,322 | +€19,322 | |
| Amounts receivable within one year | 40/41 | €43,569 | €53,095 | +€9,526 | +21.9% |
| Trade receivables | 40 | €43,376 | €48,801 | +€5,425 | +12.5% |
| Other amounts receivable | 41 | €193 | €4,294 | +€4,101 | +2,128% |
| Cash at bank and in hand | 54/58 | €84,062 | €75,331 | -€8,731 | -10.4% |
| Total equity and liabilities | 10/49 | €202,506 | €227,296 | +€24,790 | +12.2% |
| Equity | 10/15 | €93,617 | €140,582 | +€46,965 | +50.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €83,617 | €130,582 | +€46,965 | +56.2% |
| Distributable reserves | 133 | €83,617 | €130,582 | +€46,965 | +56.2% |
| Amounts payable | 17/49 | €108,889 | €86,714 | -€22,175 | -20.4% |
| Amounts payable after more than one year | 17 | €15,303 | €4,157 | -€11,147 | -72.8% |
| Financial debts | 170/4 | €15,303 | €4,157 | -€11,147 | -72.8% |
| Amounts payable within one year | 42/48 | €93,586 | €82,558 | -€11,028 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €11,517 | €20,190 | +€8,673 | +75.3% |
| Trade debts | 44 | €33,851 | €17,229 | -€16,622 | -49.1% |
| Suppliers | 440/4 | €33,851 | €17,229 | -€16,622 | -49.1% |
| Taxes, remuneration and social security | 45 | €43,738 | €44,822 | +€1,084 | +2.5% |
| Taxes | 450/3 | €40,738 | €41,822 | +€1,084 | +2.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,480 | €317 | -€4,164 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €7,545 | +€4,045 | +116% |
| Other operating charges | 640/8 | €1,274 | - | -€1,274 | |
| Non-recurring operating charges | 66A | €12,531 | €2,566 | -€9,965 | -79.5% |
| Gross operating margin | 9900 | €136,926 | €71,555 | -€65,371 | -47.7% |
| Operating profit (loss) | 9901 | €119,621 | €61,444 | -€58,177 | -48.6% |
| Financial income | 75/76B | €547 | €1,978 | +€1,431 | +262% |
| Recurring financial income | 75 | €547 | €1,978 | +€1,431 | +262% |
| Financial charges | 65/66B | €7,388 | €2,294 | -€5,094 | -69.0% |
| Recurring financial charges | 65 | €3,334 | €2,294 | -€1,041 | -31.2% |
| Non-recurring financial charges | 66B | €4,053 | - | -€4,053 | |
| Profit (loss) for the period before taxes | 9903 | €112,780 | €61,128 | -€51,652 | -45.8% |
| Income taxes | 67/77 | €27,698 | €14,163 | -€13,535 | -48.9% |
| Profit (loss) for the period | 9904 | €85,082 | €46,965 | -€38,117 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,082 | €46,965 | -€38,117 | -44.8% |
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 22 October 2026 via checked.be.