GROEP D: 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 D
Largest movements
- Cash +€7,266
up €7,266 (+15.6%), from €46,668 to €53,934
mainly Net result for the year (+€15,365) and Tax, wage and social debts (+€3,031)
- Stocks and contracts -€2,640
down €2,640 (-5.7%), from €45,941 to €43,301
- Receivables within one year -€2,534
down €2,534 (-50.2%), from €5,045 to €2,511
- Other debts -€17,006
down €17,006 (-55.4%), from €30,705 to €13,698
- Reserves +€15,365
up €15,365 (+34.5%), from €44,530 to €59,895
- Tax, wage and social debts +€3,031
up €3,031 (+40.8%), from €7,434 to €10,466
- Gross operating margin +€6,021
up €6,021 (+32.1%), from €18,729 to €24,750
- Taxes +€4,559
up €4,559 (+171%), from €2,671 to €7,230
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 | €101,500 | €102,885 | +€1,385 | +1.4% |
| Fixed assets | 21/28 | €3,846 | €3,140 | -€706 | -18.4% |
| Tangible fixed assets | 22/27 | €3,596 | €2,890 | -€706 | -19.6% |
| Plant, machinery and equipment | 23 | €284 | €130 | -€154 | -54.2% |
| Other tangible fixed assets | 26 | €3,312 | €2,760 | -€552 | -16.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €97,654 | €99,745 | +€2,091 | +2.1% |
| Stocks and contracts in progress | 3 | €45,941 | €43,301 | -€2,640 | -5.7% |
| Stocks | 30/36 | €45,941 | €43,301 | -€2,640 | -5.7% |
| Amounts receivable within one year | 40/41 | €5,045 | €2,511 | -€2,534 | -50.2% |
| Trade receivables | 40 | €5,045 | €2,511 | -€2,534 | -50.2% |
| Cash at bank and in hand | 54/58 | €46,668 | €53,934 | +€7,266 | +15.6% |
| Total equity and liabilities | 10/49 | €101,500 | €102,885 | +€1,385 | +1.4% |
| Equity | 10/15 | €63,122 | €78,487 | +€15,365 | +24.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,530 | €59,895 | +€15,365 | +34.5% |
| Distributable reserves | 133 | €44,530 | €59,895 | +€15,365 | +34.5% |
| Amounts payable | 17/49 | €38,378 | €24,398 | -€13,980 | -36.4% |
| Amounts payable within one year | 42/48 | €38,378 | €24,398 | -€13,980 | -36.4% |
| Trade debts | 44 | €239 | €235 | -€5 | -2.0% |
| Suppliers | 440/4 | €239 | €235 | -€5 | -2.0% |
| Taxes, remuneration and social security | 45 | €7,434 | €10,466 | +€3,031 | +40.8% |
| Taxes | 450/3 | €7,434 | €10,466 | +€3,031 | +40.8% |
| Other amounts payable | 47/48 | €30,705 | €13,698 | -€17,006 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762 | €706 | -€56 | -7.3% |
| Other operating charges | 640/8 | €749 | €771 | +€22 | +2.9% |
| Gross operating margin | 9900 | €18,729 | €24,750 | +€6,021 | +32.1% |
| Operating profit (loss) | 9901 | €17,218 | €23,272 | +€6,055 | +35.2% |
| Financial income | 75/76B | €354 | €296 | -€58 | -16.4% |
| Recurring financial income | 75 | €354 | €296 | -€58 | -16.4% |
| Financial charges | 65/66B | €782 | €973 | +€191 | +24.5% |
| Recurring financial charges | 65 | €782 | €973 | +€191 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €16,790 | €22,595 | +€5,805 | +34.6% |
| Income taxes | 67/77 | €2,671 | €7,230 | +€4,559 | +171% |
| Profit (loss) for the period | 9904 | €14,119 | €15,365 | +€1,246 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,119 | €15,365 | +€1,246 | +8.8% |
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 15 October 2026 via checked.be.