GROEP 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.
GROEP S.
Largest movements
- Deferred charges and accrued income +€70,825
up €70,825 (+1,284%), from €5,514 to €76,339
- Cash -€54,437
down €54,437 (-69.8%), from €78,041 to €23,604
mainly Deferred charges and accrued income (-€70,825) and Net result for the year (-€50,081)
- Receivables within one year -€6,272
down €6,272 (-11.0%), from €57,265 to €50,993
of which Trade receivables: -€44,444
- Profit (loss) carried forward -€50,081
down €50,081 (-52.5%), from €95,467 to €45,386
- Reserves +€48,649
up €48,649 (+1,030%), from €4,721 to €53,370
of which Distributable reserves: +€48,649
- Tax, wage and social debts -€15,178
down €15,178 (-97.7%), from €15,531 to €353
- Other debts +€13,439
up €13,439 (+39.1%), from €34,370 to €47,809
- Accrued charges and deferred income +€12,698
up €12,698 (+271%), from €4,686 to €17,384
- Gross operating margin +€44,962
up €44,962 (+95.6%), from -€47,048 to -€2,086
- Financial charges +€14,956
up €14,956 (+3,035%), from €493 to €15,449
- Taxes +€14,518
up €14,518 (+3,055%), from €475 to €14,993
- Depreciation +€3,946
up €3,946 (+35.1%), from €11,241 to €15,187
- Other operating charges +€2,248
up €2,248 (+1,905%), from €118 to €2,366
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 | €218,271 | €226,761 | +€8,490 | +3.9% |
| Fixed assets | 21/28 | €77,450 | €75,825 | -€1,625 | -2.1% |
| Tangible fixed assets | 22/27 | €36,377 | €34,752 | -€1,625 | -4.5% |
| Land and buildings | 22 | €8,446 | €10,105 | +€1,658 | +19.6% |
| Plant, machinery and equipment | 23 | €12,055 | €11,615 | -€439 | -3.6% |
| Furniture and vehicles | 24 | €15,876 | €13,031 | -€2,844 | -17.9% |
| Financial fixed assets | 28 | €41,073 | €41,073 | = | 0.0% |
| Current assets | 29/58 | €140,821 | €150,936 | +€10,116 | +7.2% |
| Amounts receivable within one year | 40/41 | €57,265 | €50,993 | -€6,272 | -11.0% |
| Trade receivables | 40 | €45,463 | €1,019 | -€44,444 | -97.8% |
| Other amounts receivable | 41 | €11,802 | €49,974 | +€38,172 | +323% |
| Cash at bank and in hand | 54/58 | €78,041 | €23,604 | -€54,437 | -69.8% |
| Deferred charges and accrued income | 490/1 | €5,514 | €76,339 | +€70,825 | +1,284% |
| Total equity and liabilities | 10/49 | €218,271 | €226,761 | +€8,490 | +3.9% |
| Equity | 10/15 | €131,175 | €129,743 | -€1,433 | -1.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Contributions outside capital | 11 | €30,987 | €30,987 | = | 0.0% |
| Other | 1109/19 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €4,721 | €53,370 | +€48,649 | +1,030% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,375 | €1,375 | = | 0.0% |
| Distributable reserves | 133 | €248 | €48,896 | +€48,649 | +19,625% |
| Profit (loss) carried forward | 14 | €95,467 | €45,386 | -€50,081 | -52.5% |
| Amounts payable | 17/49 | €87,096 | €97,019 | +€9,923 | +11.4% |
| Amounts payable within one year | 42/48 | €82,409 | €79,635 | -€2,775 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €2,500 | = | 0.0% |
| Trade debts | 44 | €30,008 | €28,973 | -€1,035 | -3.5% |
| Suppliers | 440/4 | €30,008 | €28,973 | -€1,035 | -3.5% |
| Taxes, remuneration and social security | 45 | €15,531 | €353 | -€15,178 | -97.7% |
| Taxes | 450/3 | €15,531 | €353 | -€15,178 | -97.7% |
| Other amounts payable | 47/48 | €34,370 | €47,809 | +€13,439 | +39.1% |
| Accrued charges and deferred income | 492/3 | €4,686 | €17,384 | +€12,698 | +271% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,241 | €15,187 | +€3,946 | +35.1% |
| Other operating charges | 640/8 | €118 | €2,366 | +€2,248 | +1,905% |
| Gross operating margin | 9900 | -€47,048 | -€2,086 | +€44,962 | +95.6% |
| Operating profit (loss) | 9901 | -€58,407 | -€19,639 | +€38,768 | +66.4% |
| Financial charges | 65/66B | €493 | €15,449 | +€14,956 | +3,035% |
| Recurring financial charges | 65 | €493 | €15,449 | +€14,956 | +3,035% |
| Profit (loss) for the period before taxes | 9903 | -€58,900 | -€35,088 | +€23,812 | +40.4% |
| Income taxes | 67/77 | €475 | €14,993 | +€14,518 | +3,055% |
| Profit (loss) for the period | 9904 | -€59,375 | -€50,081 | +€9,294 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,375 | -€50,081 | +€9,294 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.