GROEP S & B: 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 & B
Largest movements
- Receivables within one year +€15,326
up €15,326 (+14.2%), from €107,816 to €123,142
of which Trade receivables: +€14,270
- Stocks and contracts +€14,429
up €14,429 (+23.5%), from €61,395 to €75,824
- Cash +€12,402
up €12,402 (+70.1%), from €17,696 to €30,098
mainly Net result for the year (+€37,075) and Depreciation (+€8,604)
- Tangible fixed assets -€2,997
down €2,997 (-21.9%), from €13,658 to €10,661
of which Furniture and vehicles: -€2,478
- Profit (loss) carried forward +€37,075
up €37,075, from -€34,602 to €2,473
- Trade debts +€8,595
up €8,595 (+15.1%), from €56,798 to €65,393
- Debts after one year -€4,264
no longer reported in 2025 (was €4,264)
- Other operating charges -€12,877
down €12,877 (-60.9%), from €21,161 to €8,284
- Gross operating margin -€9,272
down €9,272 (-5.6%), from €166,448 to €157,176
- Staff costs -€7,197
down €7,197 (-6.7%), from €107,841 to €100,645
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 | €206,180 | €246,005 | +€39,826 | +19.3% |
| Fixed assets | 21/28 | €13,908 | €10,911 | -€2,997 | -21.5% |
| Tangible fixed assets | 22/27 | €13,658 | €10,661 | -€2,997 | -21.9% |
| Land and buildings | 22 | €253 | - | -€253 | |
| Plant, machinery and equipment | 23 | €1,150 | €884 | -€266 | -23.1% |
| Furniture and vehicles | 24 | €12,255 | €9,777 | -€2,478 | -20.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €192,272 | €235,094 | +€42,822 | +22.3% |
| Stocks and contracts in progress | 3 | €61,395 | €75,824 | +€14,429 | +23.5% |
| Stocks | 30/36 | €61,395 | €75,824 | +€14,429 | +23.5% |
| Amounts receivable within one year | 40/41 | €107,816 | €123,142 | +€15,326 | +14.2% |
| Trade receivables | 40 | €70,892 | €85,162 | +€14,270 | +20.1% |
| Other amounts receivable | 41 | €36,924 | €37,980 | +€1,056 | +2.9% |
| Cash at bank and in hand | 54/58 | €17,696 | €30,098 | +€12,402 | +70.1% |
| Deferred charges and accrued income | 490/1 | €5,364 | €6,030 | +€665 | +12.4% |
| Total equity and liabilities | 10/49 | €206,180 | €246,005 | +€39,826 | +19.3% |
| Equity | 10/15 | €105,848 | €142,923 | +€37,075 | +35.0% |
| Contributions | 10/11 | €135,550 | €135,550 | = | 0.0% |
| Reserves | 13 | €4,900 | €4,900 | = | 0.0% |
| Distributable reserves | 133 | €4,900 | €4,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,602 | €2,473 | +€37,075 | |
| Amounts payable | 17/49 | €100,331 | €103,082 | +€2,751 | +2.7% |
| Amounts payable after more than one year | 17 | €4,264 | - | -€4,264 | |
| Financial debts | 170/4 | €4,264 | - | -€4,264 | |
| Amounts payable within one year | 42/48 | €86,536 | €92,460 | +€5,924 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €5,512 | €4,264 | -€1,248 | -22.6% |
| Trade debts | 44 | €56,798 | €65,393 | +€8,595 | +15.1% |
| Suppliers | 440/4 | €56,798 | €65,393 | +€8,595 | +15.1% |
| Taxes, remuneration and social security | 45 | €24,226 | €22,803 | -€1,423 | -5.9% |
| Taxes | 450/3 | €17,622 | €17,274 | -€349 | -2.0% |
| Remuneration and social security | 454/9 | €6,604 | €5,529 | -€1,075 | -16.3% |
| Accrued charges and deferred income | 492/3 | €9,531 | €10,622 | +€1,091 | +11.5% |
| Non-recurring operating income | 76A | €4,164 | - | -€4,164 | |
| Remuneration, social security and pensions | 62 | €107,841 | €100,645 | -€7,197 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,624 | €8,604 | -€1,020 | -10.6% |
| Other operating charges | 640/8 | €21,161 | €8,284 | -€12,877 | -60.9% |
| Gross operating margin | 9900 | €166,448 | €157,176 | -€9,272 | -5.6% |
| Operating profit (loss) | 9901 | €27,822 | €39,644 | +€11,821 | +42.5% |
| Financial income | 75/76B | €490 | €75 | -€414 | -84.6% |
| Recurring financial income | 75 | €490 | €75 | -€414 | -84.6% |
| Financial charges | 65/66B | €2,805 | €2,483 | -€322 | -11.5% |
| Recurring financial charges | 65 | €2,805 | €2,483 | -€322 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €25,507 | €37,236 | +€11,729 | +46.0% |
| Income taxes | 67/77 | €150 | €161 | +€11 | +7.2% |
| Profit (loss) for the period | 9904 | €25,357 | €37,075 | +€11,718 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,357 | €37,075 | +€11,718 | +46.2% |
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 20 October 2026 via checked.be.