GROEP T: 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 T
Largest movements
- Cash +€37,326
up €37,326 (+48.5%), from €76,930 to €114,255
mainly Net result for the year (+€68,212) and Depreciation (+€18,179)
- Tangible fixed assets -€18,179
down €18,179 (-3.0%), from €612,165 to €593,985
of which Land and buildings: -€16,509
- Reserves +€68,212
up €68,212 (+6.0%), from €1.1m to €1.2m
of which Distributable reserves: +€68,212
- Other debts -€49,534
down €49,534 (-46.9%), from €105,724 to €56,189
- Gross operating margin -€9,615
down €9,615 (-7.9%), from €122,186 to €112,572
- Financial income +€4,628
up €4,628 (+46.5%), from €9,957 to €14,585
- Financial charges +€3,465
up €3,465 (+78.9%), from €4,391 to €7,855
of which Financial charges: +€3,465
- Taxes -€2,324
down €2,324 (-9.0%), from €25,961 to €23,637
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 | €1,331,546 | €1,351,853 | +€20,308 | +1.5% |
| Fixed assets | 21/28 | €626,592 | €608,413 | -€18,179 | -2.9% |
| Tangible fixed assets | 22/27 | €612,165 | €593,985 | -€18,179 | -3.0% |
| Land and buildings | 22 | €605,620 | €589,111 | -€16,509 | -2.7% |
| Furniture and vehicles | 24 | €6,545 | €4,875 | -€1,670 | -25.5% |
| Financial fixed assets | 28 | €14,427 | €14,427 | = | 0.0% |
| Current assets | 29/58 | €704,953 | €743,441 | +€38,487 | +5.5% |
| Amounts receivable after more than one year | 29 | €447,820 | €455,481 | +€7,661 | +1.7% |
| Other amounts receivable | 291 | €447,820 | €455,481 | +€7,661 | +1.7% |
| Amounts receivable within one year | 40/41 | €169,536 | €165,124 | -€4,412 | -2.6% |
| Trade receivables | 40 | €22,819 | €20,124 | -€2,695 | -11.8% |
| Other amounts receivable | 41 | €146,716 | €145,000 | -€1,716 | -1.2% |
| Current investments | 50/53 | €8,580 | €8,580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,930 | €114,255 | +€37,326 | +48.5% |
| Deferred charges and accrued income | 490/1 | €2,088 | €0 | -€2,088 | -100% |
| Total equity and liabilities | 10/49 | €1,331,546 | €1,351,853 | +€20,308 | +1.5% |
| Equity | 10/15 | €1,208,213 | €1,276,426 | +€68,212 | +5.6% |
| Contributions | 10/11 | €75,360 | €75,360 | = | 0.0% |
| Capital | 10 | €75,360 | €75,360 | = | 0.0% |
| Issued capital | 100 | €75,360 | €75,360 | = | 0.0% |
| Reserves | 13 | €1,132,854 | €1,201,066 | +€68,212 | +6.0% |
| Non-distributable reserves | 130/1 | €7,536 | €7,536 | = | 0.0% |
| Legal reserve | 130 | €7,536 | €7,536 | = | 0.0% |
| Distributable reserves | 133 | €1,125,318 | €1,193,530 | +€68,212 | +6.1% |
| Amounts payable | 17/49 | €123,332 | €75,428 | -€47,904 | -38.8% |
| Amounts payable within one year | 42/48 | €123,332 | €75,428 | -€47,904 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €110 | €0 | -€110 | -100% |
| Trade debts | 44 | €836 | €2,861 | +€2,025 | +242% |
| Suppliers | 440/4 | €836 | €2,861 | +€2,025 | +242% |
| Taxes, remuneration and social security | 45 | €16,663 | €16,377 | -€285 | -1.7% |
| Taxes | 450/3 | €16,663 | €16,377 | -€285 | -1.7% |
| Other amounts payable | 47/48 | €105,724 | €56,189 | -€49,534 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,111 | €18,179 | +€69 | +0.4% |
| Other operating charges | 640/8 | €8,410 | €9,273 | +€863 | +10.3% |
| Gross operating margin | 9900 | €122,186 | €112,572 | -€9,615 | -7.9% |
| Operating profit (loss) | 9901 | €95,665 | €85,119 | -€10,546 | -11.0% |
| Financial income | 75/76B | €9,957 | €14,585 | +€4,628 | +46.5% |
| Recurring financial income | 75 | €9,957 | €14,585 | +€4,628 | +46.5% |
| Financial charges | 65/66B | €4,391 | €7,855 | +€3,465 | +78.9% |
| Recurring financial charges | 65 | €4,391 | €7,855 | +€3,465 | +78.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €101,232 | €91,849 | -€9,383 | -9.3% |
| Income taxes | 67/77 | €25,961 | €23,637 | -€2,324 | -9.0% |
| Profit (loss) for the period | 9904 | €75,271 | €68,212 | -€7,058 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,271 | €68,212 | -€7,058 | -9.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.