GROEP DF: what changed
Two fiscal 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 DF
Largest movements
- Current investments +€1.7m
new in 2025: €1.7m
- Financial fixed assets -€1.5m
down €1.5m (-81.9%), from €1.9m to €340,000
- Receivables after one year +€135,000
new in 2025: €135,000
- Receivables within one year -€69,098
down €69,098 (-98.5%), from €70,120 to €1,022
of which Trade receivables: -€70,120
- Tangible fixed assets +€28,926
up €28,926 (+445.3%), from €6,496 to €35,422
of which Land and buildings: +€19,602
- Reserves +€375,917
up €375,917 (+36.7%), from €1.0m to €1.4m
- Debts after one year -€126,445
down €126,445 (-21.3%), from €593,550 to €467,106
- Financial income +€320,294
new in 2025: €320,294
- Gross operating margin -€29,630
down €29,630 (-15.7%), from €188,502 to €158,872
- Taxes +€22,266
up €22,266 (+45.6%), from €48,784 to €71,051
- Financial charges -€4,618
down €4,618 (-14.3%), from €32,319 to €27,701
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.
Cash bridge derived
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 | €1,958,517 | €2,222,957 | +€264,440 | +13.5% |
| Fixed assets | 21/28 | €1,881,496 | €375,422 | -€1.5m | -80.0% |
| Tangible fixed assets | 22/27 | €6,496 | €35,422 | +€28,926 | +445.3% |
| Land and buildings | 22 | €3,358 | €22,960 | +€19,602 | +583.8% |
| Furniture and vehicles | 24 | €3,138 | €12,462 | +€9,324 | +297.1% |
| Financial fixed assets | 28 | €1,875,000 | €340,000 | -€1.5m | -81.9% |
| Current assets | 29/58 | €77,021 | €1,847,535 | +€1.8m | +2298.8% |
| Amounts receivable after more than one year | 29 | - | €135,000 | +€135,000 | |
| Other amounts receivable | 291 | - | €135,000 | +€135,000 | |
| Amounts receivable within one year | 40/41 | €70,120 | €1,022 | -€69,098 | -98.5% |
| Trade receivables | 40 | €70,120 | - | -€70,120 | |
| Other amounts receivable | 41 | - | €1,022 | +€1,022 | |
| Current investments | 50/53 | - | €1,700,000 | +€1.7m | |
| Cash at bank and in hand | 54/58 | €6,901 | €7,774 | +€873 | +12.7% |
| Deferred charges and accrued income | 490/1 | - | €3,739 | +€3,739 | |
| Total equity and liabilities | 10/49 | €1,958,517 | €2,222,957 | +€264,440 | +13.5% |
| Equity | 10/15 | €1,223,245 | €1,599,163 | +€375,917 | +30.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,023,245 | €1,399,163 | +€375,917 | +36.7% |
| Distributable reserves | 133 | €1,023,245 | €1,399,163 | +€375,917 | +36.7% |
| Amounts payable | 17/49 | €735,271 | €623,794 | -€111,477 | -15.2% |
| Amounts payable after more than one year | 17 | €593,550 | €467,106 | -€126,445 | -21.3% |
| Financial debts | 170/4 | €593,550 | €467,106 | -€126,445 | -21.3% |
| Amounts payable within one year | 42/48 | €125,547 | €137,863 | +€12,315 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €100,318 | €102,549 | +€2,232 | +2.2% |
| Trade debts | 44 | €1,409 | €572 | -€837 | -59.4% |
| Suppliers | 440/4 | €1,409 | €572 | -€837 | -59.4% |
| Taxes, remuneration and social security | 45 | €23,821 | €34,742 | +€10,921 | +45.8% |
| Taxes | 450/3 | €23,821 | €34,742 | +€10,921 | +45.8% |
| Accrued charges and deferred income | 492/3 | €16,174 | €18,826 | +€2,652 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,149 | €3,354 | +€1,206 | +56.1% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €188,502 | €158,872 | -€29,630 | -15.7% |
| Operating profit (loss) | 9901 | €185,246 | €154,375 | -€30,871 | -16.7% |
| Financial income | 75/76B | - | €320,294 | +€320,294 | |
| Recurring financial income | 75 | - | €320,294 | +€320,294 | |
| Financial charges | 65/66B | €32,319 | €27,701 | -€4,618 | -14.3% |
| Recurring financial charges | 65 | €32,319 | €27,701 | -€4,618 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €152,926 | €446,968 | +€294,042 | +192.3% |
| Income taxes | 67/77 | €48,784 | €71,051 | +€22,266 | +45.6% |
| Profit (loss) for the period | 9904 | €104,142 | €375,917 | +€271,776 | +261.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,142 | €375,917 | +€271,776 | +261.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.