GROEP D: what changed
What changed
GROEP D
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€335,847
2024 · €623,982-€288,135
Equity
€701,875
2024 · €366,028+€335,847
Cash
€316,118
2024 · €242,370+€73,748
Balance sheet total
€1.9m
2024 · €2.0m-€73,502
Largest movements
Assets
- Deferred charges and accrued income -€81,065
down €81,065 (-44.7%), from €181,536 to €100,471
- Cash +€73,748
up €73,748 (+30.4%), from €242,370 to €316,118
mainly Net result for the year (+€335,847) and Depreciation (+€98,487)
- Stocks and contracts -€35,484
down €35,484 (-16.3%), from €217,175 to €181,691
- Tangible fixed assets -€25,000
down €25,000 (-7.5%), from €331,639 to €306,638
of which Land and buildings: -€25,712
Equity and liabilities
- Reserves +€335,847
up €335,847 (+106%), from €316,028 to €651,875
- Other debts -€162,000
down €162,000 (-26.5%), from €612,000 to €450,000
- Advances received -€147,315
down €147,315 (-32.6%), from €452,040 to €304,725
- Tax, wage and social debts -€62,382
down €62,382 (-35.1%), from €177,793 to €115,411
of which Taxes: -€67,986
- Current portion of long-term debt -€23,850
down €23,850 (-35.5%), from €67,192 to €43,342
Income statement
- Gross operating margin -€370,795
down €370,795 (-16.9%), from €2.2m to €1.8m
- Taxes -€95,346
down €95,346 (-42.1%), from €226,495 to €131,149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€623,982
Gross operating margin
-€370,795
Staff costs
+€9,503
Depreciation
+€3,651
Write-downs
+€1,075
Other operating charges
+€1,444
Other operating items
-€20,261
Financial income
-€13,166
Financial charges
+€5,068
Taxes
+€95,346
Result 2025
€335,847
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€168,487
Investment
-€73,486
Financing
-€21,253
Cash 2024
€242,370
From operations (derived)
+€168,487
Net result for the year
+€335,847
Depreciation
+€98,487
Stocks and contracts
+€35,484
Receivables within one year
+€5,701
Deferred charges and accrued income
+€81,065
Trade debts
-€16,399
Tax, wage and social debts
-€62,382
Advances received
-€147,315
Other debts
-€162,000
Investment (derived)
-€73,486
Investment in fixed assets (net)
-€73,486
Financing
-€21,253
Debts after one year
+€2,597
Current portion of long-term debt
-€23,850
Cash 2025
€316,118
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,970,775 | €1,897,274 | -€73,502 | -3.7% |
| Fixed assets | 21/28 | €334,274 | €309,274 | -€25,000 | -7.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €331,639 | €306,638 | -€25,000 | -7.5% |
| Land and buildings | 22 | €161,150 | €135,437 | -€25,712 | -16.0% |
| Plant, machinery and equipment | 23 | €14,929 | €13,798 | -€1,131 | -7.6% |
| Furniture and vehicles | 24 | €87,633 | €73,026 | -€14,607 | -16.7% |
| Leasing and similar rights | 25 | €67,927 | €84,377 | +€16,450 | +24.2% |
| Financial fixed assets | 28 | €2,635 | €2,635 | = | 0.0% |
| Current assets | 29/58 | €1,636,501 | €1,588,000 | -€48,502 | -3.0% |
| Stocks and contracts in progress | 3 | €217,175 | €181,691 | -€35,484 | -16.3% |
| Stocks | 30/36 | €217,175 | €181,691 | -€35,484 | -16.3% |
| Amounts receivable within one year | 40/41 | €995,421 | €989,720 | -€5,701 | -0.6% |
| Trade receivables | 40 | €913,253 | €891,785 | -€21,469 | -2.4% |
| Other amounts receivable | 41 | €82,168 | €97,935 | +€15,767 | +19.2% |
| Cash at bank and in hand | 54/58 | €242,370 | €316,118 | +€73,748 | +30.4% |
| Deferred charges and accrued income | 490/1 | €181,536 | €100,471 | -€81,065 | -44.7% |
| Total equity and liabilities | 10/49 | €1,970,775 | €1,897,274 | -€73,502 | -3.7% |
| Equity | 10/15 | €366,028 | €701,875 | +€335,847 | +91.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €316,028 | €651,875 | +€335,847 | +106% |
| Distributable reserves | 133 | €316,028 | €651,875 | +€335,847 | +106% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,604,747 | €1,195,398 | -€409,349 | -25.5% |
| Amounts payable after more than one year | 17 | €98,705 | €101,302 | +€2,597 | +2.6% |
| Financial debts | 170/4 | €98,705 | €101,302 | +€2,597 | +2.6% |
| Amounts payable within one year | 42/48 | €1,506,042 | €1,094,097 | -€411,946 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €67,192 | €43,342 | -€23,850 | -35.5% |
| Trade debts | 44 | €197,018 | €180,619 | -€16,399 | -8.3% |
| Suppliers | 440/4 | €197,018 | €180,619 | -€16,399 | -8.3% |
| Advances received on contracts in progress | 46 | €452,040 | €304,725 | -€147,315 | -32.6% |
| Taxes, remuneration and social security | 45 | €177,793 | €115,411 | -€62,382 | -35.1% |
| Taxes | 450/3 | €67,986 | €0 | -€67,986 | -100% |
| Remuneration and social security | 454/9 | €109,806 | €115,411 | +€5,604 | +5.1% |
| Other amounts payable | 47/48 | €612,000 | €450,000 | -€162,000 | -26.5% |
| Non-recurring operating income | 76A | €6,748 | €8,840 | +€2,092 | +31.0% |
| Remuneration, social security and pensions | 62 | €1,317,440 | €1,307,937 | -€9,503 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,137 | €98,487 | -€3,651 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,075 | €0 | -€1,075 | -100% |
| Other operating charges | 640/8 | €11,342 | €9,898 | -€1,444 | -12.7% |
| Non-recurring operating charges | 66A | - | €20,261 | +€20,261 | |
| Gross operating margin | 9900 | €2,192,701 | €1,821,906 | -€370,795 | -16.9% |
| Operating profit (loss) | 9901 | €760,707 | €385,324 | -€375,383 | -49.3% |
| Financial income | 75/76B | €102,941 | €89,775 | -€13,166 | -12.8% |
| Recurring financial income | 75 | €102,941 | €89,775 | -€13,166 | -12.8% |
| Financial charges | 65/66B | €13,171 | €8,103 | -€5,068 | -38.5% |
| Recurring financial charges | 65 | €13,171 | €8,103 | -€5,068 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €850,477 | €466,996 | -€383,481 | -45.1% |
| Income taxes | 67/77 | €226,495 | €131,149 | -€95,346 | -42.1% |
| Profit (loss) for the period | 9904 | €623,982 | €335,847 | -€288,135 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €623,982 | €335,847 | -€288,135 | -46.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.