GROEP V.D.P.: 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.
What changed
GROEP V.D.P.
NACE 68.110, Buying and selling of own real estate
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€114,013
2025 · €366,130-€252,116
Equity
€2.9m
2025 · €3.2m-€259,198
Cash
€474,881
2025 · €502,023-€27,142
Balance sheet total
€3.2m
2025 · €3.5m-€255,886
Largest movements
Assets
- Receivables after one year -€190,000
down €190,000 (-100%), from €190,000 to €0
Equity and liabilities
- Reserves -€263,211
down €263,211 (-17.0%), from €1.5m to €1.3m
- Debts after one year -€36,231
down €36,231 (-38.2%), from €94,909 to €58,678
Income statement
- Financial income -€394,125
down €394,125 (-96.3%), from €409,194 to €15,069
- Gross operating margin +€129,899
up €129,899 (+106%), from €122,226 to €252,125
- Financial charges -€14,228
down €14,228, from €13,942 to -€286
- Taxes +€6,692
up €6,692 (+15.1%), from €44,405 to €51,097
- Depreciation -€3,904
down €3,904 (-4.5%), from €87,347 to €83,444
From the 2025 result to the 2026 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.
Result 2025
€366,130
Gross operating margin
+€129,899
Depreciation
+€3,904
Other operating charges
+€670
Financial income
-€394,125
Financial charges
+€14,228
Taxes
-€6,692
Result 2026
€114,013
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€454,312
Investment
-€77,867
Financing
-€403,587
Cash 2025
€502,023
From operations (derived)
+€454,312
Net result for the year
+€114,013
Depreciation
+€83,444
Receivables after one year
+€190,000
Receivables within one year
+€31,777
Deferred charges and accrued income
+€1,391
Trade debts
+€20,164
Tax, wage and social debts
+€1,550
Other debts
+€11,973
Investment (derived)
-€77,867
Investment in fixed assets (net)
-€72,276
Current investments
-€5,591
Financing
-€403,587
Debts after one year
-€36,231
Current portion of long-term debt
+€5,855
Contributions, distributions and other
-€373,211
Cash 2026
€474,881
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,468,433 | €3,212,547 | -€255,886 | -7.4% |
| Fixed assets | 21/28 | €2,450,276 | €2,439,108 | -€11,167 | -0.5% |
| Tangible fixed assets | 22/27 | €1,129,351 | €1,118,183 | -€11,167 | -1.0% |
| Land and buildings | 22 | €1,111,465 | €1,044,642 | -€66,822 | -6.0% |
| Furniture and vehicles | 24 | €9,807 | €18,549 | +€8,742 | +89.1% |
| Leasing and similar rights | 25 | €8,078 | €54,991 | +€46,913 | +581% |
| Financial fixed assets | 28 | €1,320,925 | €1,320,925 | = | 0.0% |
| Current assets | 29/58 | €1,018,158 | €773,439 | -€244,719 | -24.0% |
| Amounts receivable after more than one year | 29 | €190,000 | €0 | -€190,000 | -100% |
| Other amounts receivable | 291 | €190,000 | €0 | -€190,000 | -100% |
| Amounts receivable within one year | 40/41 | €126,449 | €94,673 | -€31,777 | -25.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €126,449 | €94,673 | -€31,777 | -25.1% |
| Current investments | 50/53 | €195,424 | €201,015 | +€5,591 | +2.9% |
| Cash at bank and in hand | 54/58 | €502,023 | €474,881 | -€27,142 | -5.4% |
| Deferred charges and accrued income | 490/1 | €4,262 | €2,871 | -€1,391 | -32.6% |
| Total equity and liabilities | 10/49 | €3,468,433 | €3,212,547 | -€255,886 | -7.4% |
| Equity | 10/15 | €3,152,575 | €2,893,377 | -€259,198 | -8.2% |
| Contributions | 10/11 | €481,500 | €481,500 | = | 0.0% |
| Reserves | 13 | €1,547,847 | €1,284,637 | -€263,211 | -17.0% |
| Distributable reserves | 133 | €1,547,847 | €1,284,637 | -€263,211 | -17.0% |
| Profit (loss) carried forward | 14 | €1,123,228 | €1,127,241 | +€4,013 | +0.4% |
| Amounts payable | 17/49 | €315,858 | €319,170 | +€3,312 | +1.0% |
| Amounts payable after more than one year | 17 | €94,909 | €58,678 | -€36,231 | -38.2% |
| Financial debts | 170/4 | €94,909 | €58,678 | -€36,231 | -38.2% |
| Amounts payable within one year | 42/48 | €220,950 | €260,492 | +€39,542 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €86,124 | €91,980 | +€5,855 | +6.8% |
| Trade debts | 44 | €14,271 | €34,435 | +€20,164 | +141% |
| Suppliers | 440/4 | €14,271 | €34,435 | +€20,164 | +141% |
| Taxes, remuneration and social security | 45 | €57,071 | €58,621 | +€1,550 | +2.7% |
| Taxes | 450/3 | €46,258 | €47,707 | +€1,449 | +3.1% |
| Remuneration and social security | 454/9 | €10,813 | €10,914 | +€101 | +0.9% |
| Other amounts payable | 47/48 | €63,483 | €75,456 | +€11,973 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,347 | €83,444 | -€3,904 | -4.5% |
| Other operating charges | 640/8 | €19,597 | €18,927 | -€670 | -3.4% |
| Gross operating margin | 9900 | €122,226 | €252,125 | +€129,899 | +106% |
| Operating profit (loss) | 9901 | €15,282 | €149,755 | +€134,472 | +880% |
| Financial income | 75/76B | €409,194 | €15,069 | -€394,125 | -96.3% |
| Recurring financial income | 75 | €409,194 | €15,069 | -€394,125 | -96.3% |
| Financial charges | 65/66B | €13,942 | -€286 | -€14,228 | |
| Recurring financial charges | 65 | €13,942 | -€286 | -€14,228 | |
| Profit (loss) for the period before taxes | 9903 | €410,535 | €165,110 | -€245,425 | -59.8% |
| Income taxes | 67/77 | €44,405 | €51,097 | +€6,692 | +15.1% |
| Profit (loss) for the period | 9904 | €366,130 | €114,013 | -€252,116 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €366,130 | €114,013 | -€252,116 | -68.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.