GROEP S.P.V.: what changed
What changed
GROEP S.P.V.
NACE 49.320, Non-scheduled passenger transport by road
filed annual accounts (NBB)
Net result for the year
-€22,199
2024 · €51,163-€73,362
Equity
€998,639
2024 · €1.0m-€22,199
Cash
€418,765
2024 · €552,217-€133,452
Balance sheet total
€2.5m
2024 · €2.5m-€42,126
Largest movements
Assets
- Cash -€133,452
down €133,452 (-24.2%), from €552,217 to €418,765
mainly Investment in fixed assets (net) (-€198,078) and Debts after one year (-€44,133)
- Tangible fixed assets +€94,411
up €94,411 (+4.9%), from €1.9m to €2.0m
of which Land and buildings: +€104,239
Equity and liabilities
- Debts after one year -€44,133
down €44,133 (-3.2%), from €1.4m to €1.3m
Income statement
- Gross operating margin -€119,447
down €119,447 (-44.9%), from €266,111 to €146,664
- Financial income +€38,084
new in 2025: €38,084
- Taxes -€27,754
down €27,754, from €27,483 to -€271
- Other operating charges +€26,618
up €26,618 (+133%), from €20,078 to €46,696
- Financial charges -€21,248
down €21,248 (-28.0%), from €75,818 to €54,571
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€51,163
Gross operating margin
-€119,447
Staff costs
-€2,285
Depreciation
-€8,117
Other operating charges
-€26,618
Financial income
+€38,084
Financial charges
+€21,248
Taxes
+€27,754
Deferred taxes and other
-€3,980
Result 2025
-€22,199
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€108,759
Investment
-€198,078
Financing
-€44,133
Cash 2024
€552,217
From operations (derived)
+€108,759
Net result for the year
-€22,199
Depreciation
+€103,667
Receivables within one year
+€1,457
Deferred charges and accrued income
+€1,628
Trade debts
+€6,230
Tax, wage and social debts
+€16,875
Other debts
+€1,100
Investment (derived)
-€198,078
Investment in fixed assets (net)
-€198,078
Financing
-€44,133
Debts after one year
-€44,133
Cash 2025
€418,765
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,503,268 | €2,461,142 | -€42,126 | -1.7% |
| Fixed assets | 21/28 | €1,945,255 | €2,039,666 | +€94,411 | +4.9% |
| Tangible fixed assets | 22/27 | €1,942,955 | €2,037,366 | +€94,411 | +4.9% |
| Land and buildings | 22 | €1,917,545 | €2,021,784 | +€104,239 | +5.4% |
| Furniture and vehicles | 24 | €25,410 | €15,582 | -€9,827 | -38.7% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €558,013 | €421,476 | -€136,537 | -24.5% |
| Amounts receivable within one year | 40/41 | €4,022 | €2,565 | -€1,457 | -36.2% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €3,022 | €2,565 | -€457 | -15.1% |
| Cash at bank and in hand | 54/58 | €552,217 | €418,765 | -€133,452 | -24.2% |
| Deferred charges and accrued income | 490/1 | €1,774 | €146 | -€1,628 | -91.8% |
| Total equity and liabilities | 10/49 | €2,503,268 | €2,461,142 | -€42,126 | -1.7% |
| Equity | 10/15 | €1,020,838 | €998,639 | -€22,199 | -2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €955,058 | €955,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €140,583 | €140,583 | = | 0.0% |
| Distributable reserves | 133 | €812,475 | €812,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,780 | €23,581 | -€22,199 | -48.5% |
| Provisions and deferred taxes | 16 | €71,102 | €71,102 | = | 0.0% |
| Deferred taxes | 168 | €71,102 | €71,102 | = | 0.0% |
| Amounts payable | 17/49 | €1,411,328 | €1,391,400 | -€19,927 | -1.4% |
| Amounts payable after more than one year | 17 | €1,381,077 | €1,336,945 | -€44,133 | -3.2% |
| Financial debts | 170/4 | €1,381,077 | €1,336,945 | -€44,133 | -3.2% |
| Amounts payable within one year | 42/48 | €30,250 | €54,456 | +€24,205 | +80.0% |
| Trade debts | 44 | €3,972 | €10,203 | +€6,230 | +157% |
| Suppliers | 440/4 | €3,972 | €10,203 | +€6,230 | +157% |
| Taxes, remuneration and social security | 45 | €26,278 | €43,153 | +€16,875 | +64.2% |
| Taxes | 450/3 | €26,278 | €43,153 | +€16,875 | +64.2% |
| Other amounts payable | 47/48 | - | €1,100 | +€1,100 | |
| Remuneration, social security and pensions | 62 | - | €2,285 | +€2,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,550 | €103,667 | +€8,117 | +8.5% |
| Other operating charges | 640/8 | €20,078 | €46,696 | +€26,618 | +133% |
| Gross operating margin | 9900 | €266,111 | €146,664 | -€119,447 | -44.9% |
| Operating profit (loss) | 9901 | €150,484 | -€5,983 | -€156,467 | |
| Financial income | 75/76B | - | €38,084 | +€38,084 | |
| Recurring financial income | 75 | - | €38,084 | +€38,084 | |
| Financial charges | 65/66B | €75,818 | €54,571 | -€21,248 | -28.0% |
| Recurring financial charges | 65 | €75,818 | €54,571 | -€21,248 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €74,666 | -€22,470 | -€97,136 | |
| Transfer from deferred taxes | 780 | €3,980 | - | -€3,980 | |
| Income taxes | 67/77 | €27,483 | -€271 | -€27,754 | |
| Profit (loss) for the period | 9904 | €51,163 | -€22,199 | -€73,362 | |
| Transfer from tax-exempt reserves | 789 | €7,729 | - | -€7,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,892 | -€22,199 | -€81,091 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.