GROEP O: 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 O
Largest movements
- Tangible fixed assets +€46,907
up €46,907 (+56.9%), from €82,432 to €129,339
of which Furniture and vehicles: +€59,442
- Receivables within one year -€42,396
down €42,396 (-99.4%), from €42,662 to €266
of which Trade receivables: -€42,662
- Deferred charges and accrued income -€3,216
no longer reported in 2025 (was €3,216)
- Current investments +€1,340
up €1,340 (+107%), from €1,258 to €2,598
- Other debts +€76,988
up €76,988 (+39.8%), from €193,382 to €270,370
- Trade debts -€52,517
no longer reported in 2025 (was €52,517)
- Profit (loss) carried forward -€20,580
down €20,580 (-12.3%), from -€167,197 to -€187,777
- Turnover +€60,639
new in 2025: €60,639
- Purchases and services +€41,379
new in 2025: €41,379
- Depreciation +€12,366
up €12,366 (+47.3%), from €26,139 to €38,506
- Gross operating margin +€4,886
up €4,886 (+34.0%), from €14,374 to €19,260
- Financial charges -€996
down €996 (-88.3%), from €1,129 to €133
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,567 | €132,202 | +€2,635 | +2.0% |
| Fixed assets | 21/28 | €82,432 | €129,339 | +€46,907 | +56.9% |
| Tangible fixed assets | 22/27 | €82,432 | €129,339 | +€46,907 | +56.9% |
| Plant, machinery and equipment | 23 | €8,029 | €1,783 | -€6,246 | -77.8% |
| Furniture and vehicles | 24 | €11,996 | €71,438 | +€59,442 | +496% |
| Leasing and similar rights | 25 | €6,892 | €24,008 | +€17,117 | +248% |
| Other tangible fixed assets | 26 | €55,516 | €32,110 | -€23,406 | -42.2% |
| Current assets | 29/58 | €47,135 | €2,863 | -€44,272 | -93.9% |
| Amounts receivable within one year | 40/41 | €42,662 | €266 | -€42,396 | -99.4% |
| Trade receivables | 40 | €42,662 | - | -€42,662 | |
| Other amounts receivable | 41 | - | €266 | +€266 | |
| Current investments | 50/53 | €1,258 | €2,598 | +€1,340 | +107% |
| Deferred charges and accrued income | 490/1 | €3,216 | - | -€3,216 | |
| Total equity and liabilities | 10/49 | €129,567 | €132,202 | +€2,635 | +2.0% |
| Equity | 10/15 | -€144,755 | -€165,335 | -€20,580 | -14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,850 | €3,850 | = | 0.0% |
| Distributable reserves | 133 | €3,850 | €3,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,197 | -€187,777 | -€20,580 | -12.3% |
| Amounts payable | 17/49 | €274,322 | €297,537 | +€23,215 | +8.5% |
| Amounts payable after more than one year | 17 | €18,352 | €18,352 | = | 0.0% |
| Financial debts | 170/4 | €18,352 | €18,352 | = | 0.0% |
| Amounts payable within one year | 42/48 | €255,470 | €279,185 | +€23,715 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €8,816 | €8,816 | = | 0.0% |
| Trade debts | 44 | €52,517 | - | -€52,517 | |
| Suppliers | 440/4 | €52,517 | - | -€52,517 | |
| Taxes, remuneration and social security | 45 | €756 | - | -€756 | |
| Taxes | 450/3 | €756 | - | -€756 | |
| Other amounts payable | 47/48 | €193,382 | €270,370 | +€76,988 | +39.8% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Turnover | 70 | - | €60,639 | +€60,639 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €41,379 | +€41,379 | |
| Remuneration, social security and pensions | 62 | - | €118 | +€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,139 | €38,506 | +€12,366 | +47.3% |
| Other operating charges | 640/8 | €1,016 | €881 | -€135 | -13.3% |
| Gross operating margin | 9900 | €14,374 | €19,260 | +€4,886 | +34.0% |
| Operating profit (loss) | 9901 | -€12,781 | -€20,244 | -€7,463 | -58.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,129 | €133 | -€996 | -88.3% |
| Recurring financial charges | 65 | €1,129 | €133 | -€996 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,908 | -€20,377 | -€6,469 | -46.5% |
| Income taxes | 67/77 | - | €203 | +€203 | |
| Profit (loss) for the period | 9904 | -€13,908 | -€20,580 | -€6,673 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,908 | -€20,580 | -€6,673 | -48.0% |
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 16 October 2026 via checked.be.