GROEP L.: 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 L.
Largest movements
- Receivables within one year +€312,724
up €312,724 (+22.5%), from €1.4m to €1.7m
of which Other amounts receivable: +€331,091
- Tangible fixed assets +€299,415
up €299,415 (+1,048%), from €28,584 to €327,999
of which Assets under construction and advance payments: +€304,084
- Other debts +€436,190
up €436,190 (+43.4%), from €1.0m to €1.4m
- Current portion of long-term debt +€195,685
new in 2025: €195,685
- Trade debts +€153,217
up €153,217 (+61.1%), from €250,848 to €404,065
- Accrued charges and deferred income -€142,219
down €142,219 (-32.7%), from €434,512 to €292,294
- Profit (loss) carried forward -€25,760
down €25,760 (-9.4%), from -€274,083 to -€299,844
- Staff costs +€47,988
up €47,988 (+754%), from €6,362 to €54,350
- Gross operating margin -€19,867
down €19,867 (-39.1%), from €50,788 to €30,921
- Financial charges +€19,405
up €19,405 (+197%), from €9,858 to €29,263
- Taxes -€15,893
down €15,893 (-100%), from €15,893 to €0
- Financial income +€11,967
up €11,967 (+54.0%), from €22,153 to €34,120
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 | €1,457,567 | €2,055,648 | +€598,081 | +41.0% |
| Fixed assets | 21/28 | €28,584 | €327,999 | +€299,415 | +1,048% |
| Tangible fixed assets | 22/27 | €28,584 | €327,999 | +€299,415 | +1,048% |
| Plant, machinery and equipment | 23 | €23,397 | €21,397 | -€2,000 | -8.5% |
| Furniture and vehicles | 24 | €5,187 | €2,519 | -€2,668 | -51.4% |
| Assets under construction and advance payments | 27 | - | €304,084 | +€304,084 | |
| Current assets | 29/58 | €1,428,983 | €1,727,649 | +€298,666 | +20.9% |
| Amounts receivable within one year | 40/41 | €1,391,890 | €1,704,614 | +€312,724 | +22.5% |
| Trade receivables | 40 | €349,901 | €331,533 | -€18,368 | -5.2% |
| Other amounts receivable | 41 | €1,041,990 | €1,373,081 | +€331,091 | +31.8% |
| Cash at bank and in hand | 54/58 | €37,093 | €23,035 | -€14,058 | -37.9% |
| Total equity and liabilities | 10/49 | €1,457,567 | €2,055,648 | +€598,081 | +41.0% |
| Equity | 10/15 | -€267,883 | -€293,644 | -€25,760 | -9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,083 | -€299,844 | -€25,760 | -9.4% |
| Amounts payable | 17/49 | €1,725,450 | €2,349,292 | +€623,841 | +36.2% |
| Amounts payable within one year | 42/48 | €1,290,938 | €2,056,998 | +€766,060 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | - | €195,685 | +€195,685 | |
| Trade debts | 44 | €250,848 | €404,065 | +€153,217 | +61.1% |
| Suppliers | 440/4 | €250,848 | €404,065 | +€153,217 | +61.1% |
| Taxes, remuneration and social security | 45 | €35,547 | €16,515 | -€19,032 | -53.5% |
| Taxes | 450/3 | €35,327 | €16,515 | -€18,812 | -53.3% |
| Remuneration and social security | 454/9 | €220 | €0 | -€220 | -100% |
| Other amounts payable | 47/48 | €1,004,543 | €1,440,733 | +€436,190 | +43.4% |
| Accrued charges and deferred income | 492/3 | €434,512 | €292,294 | -€142,219 | -32.7% |
| Non-recurring operating income | 76A | €217 | €0 | -€217 | -100% |
| Remuneration, social security and pensions | 62 | €6,362 | €54,350 | +€47,988 | +754% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,767 | €4,668 | +€1,901 | +68.7% |
| Other operating charges | 640/8 | €419 | €2,521 | +€2,102 | +502% |
| Non-recurring operating charges | 66A | €1,802 | €0 | -€1,802 | -100% |
| Gross operating margin | 9900 | €50,788 | €30,921 | -€19,867 | -39.1% |
| Operating profit (loss) | 9901 | €39,438 | -€30,618 | -€70,056 | |
| Financial income | 75/76B | €22,153 | €34,120 | +€11,967 | +54.0% |
| Recurring financial income | 75 | €22,153 | €34,120 | +€11,967 | +54.0% |
| Financial charges | 65/66B | €9,858 | €29,263 | +€19,405 | +197% |
| Recurring financial charges | 65 | €9,858 | €29,263 | +€19,405 | +197% |
| Profit (loss) for the period before taxes | 9903 | €51,733 | -€25,760 | -€77,494 | |
| Income taxes | 67/77 | €15,893 | €0 | -€15,893 | -100% |
| Profit (loss) for the period | 9904 | €35,841 | -€25,760 | -€61,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,841 | -€25,760 | -€61,601 |
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 19 October 2026 via checked.be.