GROEP Q: 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 Q
Largest movements
- Receivables within one year +€15,598
up €15,598 (+115%), from €13,606 to €29,204
of which Other amounts receivable: +€8,430
- Cash +€11,935
up €11,935 (+10.9%), from €109,805 to €121,740
mainly Net result for the year (+€20,712) and Depreciation (+€9,967)
- Tangible fixed assets -€8,195
down €8,195 (-23.1%), from €35,515 to €27,320
of which Furniture and vehicles: -€9,200
- Reserves +€20,712
up €20,712 (+15.0%), from €137,910 to €158,622
- Gross operating margin +€23,819
up €23,819 (+116%), from €20,508 to €44,326
- Taxes +€8,026
up €8,026 (+144%), from €5,560 to €13,587
- Other operating charges -€1,259
down €1,259 (-52.5%), from €2,397 to €1,138
- Depreciation +€970
up €970 (+10.8%), from €8,997 to €9,967
- Financial income +€509
up €509 (+83.6%), from €609 to €1,118
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 | €159,913 | €180,397 | +€20,483 | +12.8% |
| Fixed assets | 21/28 | €35,516 | €27,321 | -€8,195 | -23.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €35,515 | €27,320 | -€8,195 | -23.1% |
| Land and buildings | 22 | - | €1,501 | +€1,501 | |
| Plant, machinery and equipment | 23 | €744 | €248 | -€496 | -66.6% |
| Furniture and vehicles | 24 | €34,771 | €25,571 | -€9,200 | -26.5% |
| Current assets | 29/58 | €124,397 | €153,076 | +€28,678 | +23.1% |
| Amounts receivable within one year | 40/41 | €13,606 | €29,204 | +€15,598 | +115% |
| Trade receivables | 40 | €3,997 | €11,165 | +€7,168 | +179% |
| Other amounts receivable | 41 | €9,609 | €18,040 | +€8,430 | +87.7% |
| Cash at bank and in hand | 54/58 | €109,805 | €121,740 | +€11,935 | +10.9% |
| Deferred charges and accrued income | 490/1 | €986 | €2,131 | +€1,145 | +116% |
| Total equity and liabilities | 10/49 | €159,913 | €180,397 | +€20,483 | +12.8% |
| Equity | 10/15 | €156,510 | €177,222 | +€20,712 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,910 | €158,622 | +€20,712 | +15.0% |
| Distributable reserves | 133 | €137,910 | €158,622 | +€20,712 | +15.0% |
| Amounts payable | 17/49 | €3,403 | €3,175 | -€229 | -6.7% |
| Amounts payable within one year | 42/48 | €3,403 | €3,175 | -€229 | -6.7% |
| Trade debts | 44 | €2,760 | €1,059 | -€1,701 | -61.6% |
| Suppliers | 440/4 | €2,760 | €1,059 | -€1,701 | -61.6% |
| Taxes, remuneration and social security | 45 | €643 | €2,115 | +€1,472 | +229% |
| Taxes | 450/3 | €643 | €2,115 | +€1,472 | +229% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,997 | €9,967 | +€970 | +10.8% |
| Other operating charges | 640/8 | €2,397 | €1,138 | -€1,259 | -52.5% |
| Gross operating margin | 9900 | €20,508 | €44,326 | +€23,819 | +116% |
| Operating profit (loss) | 9901 | €9,113 | €33,221 | +€24,108 | +265% |
| Financial income | 75/76B | €609 | €1,118 | +€509 | +83.6% |
| Recurring financial income | 75 | €609 | €1,118 | +€509 | +83.6% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €9,679 | €34,299 | +€24,620 | +254% |
| Income taxes | 67/77 | €5,560 | €13,587 | +€8,026 | +144% |
| Profit (loss) for the period | 9904 | €4,118 | €20,712 | +€16,594 | +403% |
| Profit (loss) for the period to be appropriated | 9905 | €4,118 | €20,712 | +€16,594 | +403% |
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 15 October 2026 via checked.be.