GROEP G & S: 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.
What changed
GROEP G & S
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€352,253
2024 · €3,905+€348,348
Equity
€6.9m
2024 · €6.5m+€352,253
Cash
€1,836
2024 · €1,422+€414
Balance sheet total
€22.0m
2024 · €23.3m-€1.3m
Largest movements
Assets
- Stocks and contracts -€835,953
down €835,953 (-6.7%), from €12.5m to €11.7m
- Tangible fixed assets -€339,338
down €339,338 (-14.4%), from €2.3m to €2.0m
of which Other tangible fixed assets: -€326,170
Equity and liabilities
- Short-term financial debts -€3.2m
down €3.2m (-36.3%), from €8.7m to €5.5m
- Debts after one year +€1.2m
up €1.2m (+18.0%), from €6.9m to €8.1m
of which Other amounts payable: +€754,293
- Reserves +€352,253
up €352,253 (+5.5%), from €6.4m to €6.8m
of which Distributable reserves: +€314,907
Income statement
- Goods and materials +€2.6m
up €2.6m (+303%), from €850,935 to €3.4m
of which Change in stocks: decrease (increase): +€2.2m
- Turnover +€2.1m
up €2.1m (+93.3%), from €2.2m to €4.3m
- Write-downs -€931,241
down €931,241, from €456,241 to -€475,000
- Other operating charges +€165,585
up €165,585 (+368%), from €44,975 to €210,560
- Financial charges -€141,732
down €141,732 (-19.3%), from €734,887 to €593,155
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.
Result 2024
€3,905
Turnover
+€2.1m
Other operating income
+€8,829
Goods and materials
-€2.6m
Services and other goods
-€1,714
Staff costs
+€57,065
Depreciation
-€20,015
Write-downs
+€931,241
Other operating charges
-€165,585
Other operating items
+€66,439
Financial income
-€45,259
Financial charges
+€141,732
Taxes
-€97,974
Deferred taxes and other
-€13,938
Result 2025
€352,253
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
+€272,349
Financing
-€1.9m
Cash 2024
€1,422
From operations (derived)
+€1.7m
Net result for the year
+€352,253
Depreciation
+€66,988
Receivables after one year
-€49,421
Stocks and contracts
+€835,953
Receivables within one year
+€151,919
Deferred charges and accrued income
+€7,198
Provisions
+€12,449
Trade debts
+€132,305
Tax, wage and social debts
+€118,262
Other debts
+€76,843
Accrued charges and deferred income
-€39,700
Investment (derived)
+€272,349
Investment in fixed assets (net)
+€272,349
Financing
-€1.9m
Debts after one year
+€1.2m
Current portion of long-term debt
-€8,408
Short-term financial debts
-€3.2m
Cash 2025
€1,836
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,322,687 | €22,038,115 | -€1.3m | -5.5% |
| Fixed assets | 21/28 | €4,583,344 | €4,244,006 | -€339,338 | -7.4% |
| Tangible fixed assets | 22/27 | €2,348,662 | €2,009,325 | -€339,338 | -14.4% |
| Furniture and vehicles | 24 | €2,292 | €4,960 | +€2,668 | +116% |
| Leasing and similar rights | 25 | €39,443 | €23,607 | -€15,836 | -40.1% |
| Other tangible fixed assets | 26 | €2,306,928 | €1,980,758 | -€326,170 | -14.1% |
| Financial fixed assets | 28 | €2,234,681 | €2,234,681 | = | 0.0% |
| Affiliated companies | 280/1 | €1,692,931 | €1,692,931 | = | 0.0% |
| Participating interests | 280 | €1,692,931 | €1,692,931 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €541,750 | €541,750 | = | 0.0% |
| Participating interests | 282 | €541,750 | €541,750 | = | 0.0% |
| Current assets | 29/58 | €18,739,343 | €17,794,109 | -€945,235 | -5.0% |
| Amounts receivable after more than one year | 29 | €249,351 | €298,772 | +€49,421 | +19.8% |
| Other amounts receivable | 291 | €249,351 | €298,772 | +€49,421 | +19.8% |
| Stocks and contracts in progress | 3 | €12,518,210 | €11,682,257 | -€835,953 | -6.7% |
| Stocks | 30/36 | €12,518,210 | €11,682,257 | -€835,953 | -6.7% |
| Property held for sale | 35 | €12,518,210 | €11,682,257 | -€835,953 | -6.7% |
| Amounts receivable within one year | 40/41 | €5,943,745 | €5,791,827 | -€151,919 | -2.6% |
| Trade receivables | 40 | €823 | €3,421 | +€2,599 | +316% |
| Other amounts receivable | 41 | €5,942,923 | €5,788,406 | -€154,517 | -2.6% |
| Cash at bank and in hand | 54/58 | €1,422 | €1,836 | +€414 | +29.1% |
| Deferred charges and accrued income | 490/1 | €26,616 | €19,418 | -€7,198 | -27.0% |
| Total equity and liabilities | 10/49 | €23,322,687 | €22,038,115 | -€1.3m | -5.5% |
| Equity | 10/15 | €6,541,333 | €6,893,586 | +€352,253 | +5.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €6,416,333 | €6,768,586 | +€352,253 | +5.5% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €142,774 | €180,120 | +€37,346 | +26.2% |
| Distributable reserves | 133 | €6,261,059 | €6,575,966 | +€314,907 | +5.0% |
| Provisions and deferred taxes | 16 | €47,023 | €59,472 | +€12,449 | +26.5% |
| Deferred taxes | 168 | €47,023 | €59,472 | +€12,449 | +26.5% |
| Amounts payable | 17/49 | €16,734,332 | €15,085,058 | -€1.6m | -9.9% |
| Amounts payable after more than one year | 17 | €6,857,038 | €8,090,715 | +€1.2m | +18.0% |
| Financial debts | 170/4 | €987,208 | €1,466,593 | +€479,384 | +48.6% |
| Leasing and similar obligations | 172 | €24,047 | €17,200 | -€6,848 | -28.5% |
| Credit institutions | 173 | €963,161 | €899,393 | -€63,768 | -6.6% |
| Other loans | 174 | - | €550,000 | +€550,000 | |
| Other amounts payable | 178/9 | €5,869,829 | €6,624,122 | +€754,293 | +12.9% |
| Amounts payable within one year | 42/48 | €9,825,462 | €6,982,212 | -€2.8m | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €79,023 | €70,616 | -€8,408 | -10.6% |
| Financial debts | 43 | €8,711,260 | €5,549,007 | -€3.2m | -36.3% |
| Credit institutions | 430/8 | €8,711,260 | €5,549,007 | -€3.2m | -36.3% |
| Trade debts | 44 | €50,667 | €182,972 | +€132,305 | +261% |
| Suppliers | 440/4 | €50,667 | €182,972 | +€132,305 | +261% |
| Taxes, remuneration and social security | 45 | €136,045 | €254,307 | +€118,262 | +86.9% |
| Taxes | 450/3 | €127,191 | €244,118 | +€116,928 | +91.9% |
| Remuneration and social security | 454/9 | €8,854 | €10,189 | +€1,334 | +15.1% |
| Other amounts payable | 47/48 | €848,468 | €925,311 | +€76,843 | +9.1% |
| Accrued charges and deferred income | 492/3 | €51,832 | €12,131 | -€39,700 | -76.6% |
| Operating income | 70/76A | €2,310,926 | €4,451,377 | +€2.1m | +92.6% |
| Turnover | 70 | €2,214,652 | €4,280,068 | +€2.1m | +93.3% |
| Other operating income | 74 | €96,275 | €105,104 | +€8,829 | +9.2% |
| Non-recurring operating income | 76A | €0 | €66,205 | +€66,205 | |
| Operating charges | 60/66A | €1,757,164 | €3,533,829 | +€1.8m | +101% |
| Goods for resale, raw materials and consumables | 60 | €850,935 | €3,428,825 | +€2.6m | +303% |
| Purchases | 600/8 | €1,734,378 | €2,079,540 | +€345,162 | +19.9% |
| Change in stocks: decrease (increase) | 609 | -€883,443 | €1,349,285 | +€2.2m | |
| Services and other goods | 61 | €212,196 | €213,910 | +€1,714 | +0.8% |
| Remuneration, social security and pensions | 62 | €145,609 | €88,544 | -€57,065 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,974 | €66,988 | +€20,015 | +42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €456,241 | -€475,000 | -€931,241 | |
| Other operating charges | 640/8 | €44,975 | €210,560 | +€165,585 | +368% |
| Non-recurring operating charges | 66A | €234 | €0 | -€234 | -100% |
| Operating profit (loss) | 9901 | €553,762 | €917,548 | +€363,786 | +65.7% |
| Financial income | 75/76B | €203,321 | €158,062 | -€45,259 | -22.3% |
| Recurring financial income | 75 | €203,321 | €158,062 | -€45,259 | -22.3% |
| Income from current assets | 751 | €202,486 | €158,062 | -€44,424 | -21.9% |
| Other financial income | 752/9 | €835 | €0 | -€835 | -100% |
| Financial charges | 65/66B | €734,887 | €593,155 | -€141,732 | -19.3% |
| Recurring financial charges | 65 | €734,887 | €593,155 | -€141,732 | -19.3% |
| Debt charges | 650 | €700,124 | €552,299 | -€147,824 | -21.1% |
| Other financial charges | 652/9 | €34,764 | €40,856 | +€6,092 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €22,196 | €482,455 | +€460,260 | +2,074% |
| Transfer from deferred taxes | 780 | €1,489 | €1,873 | +€384 | +25.8% |
| Transfer to deferred taxes | 680 | - | €14,322 | +€14,322 | |
| Income taxes | 67/77 | €19,780 | €117,754 | +€97,974 | +495% |
| Taxes | 670/3 | €19,780 | €117,754 | +€97,974 | +495% |
| Profit (loss) for the period | 9904 | €3,905 | €352,253 | +€348,348 | +8,920% |
| Transfer from tax-exempt reserves | 789 | €4,468 | €5,619 | +€1,152 | +25.8% |
| Transfer to tax-exempt reserves | 689 | - | €42,966 | +€42,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,373 | €314,907 | +€306,534 | +3,661% |
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 30 October 2026 via checked.be.