GROEP W: what changed
Two fiscal 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 W
Largest movements
- Cash +€76,206
up €76,206 (+263.9%), from €28,881 to €105,087
mainly Depreciation (+€64,889) and Receivables within one year (+€8,933)
- Tangible fixed assets -€64,889
down €64,889 (-8.2%), from €790,740 to €725,851
of which Land and buildings: -€64,489
- Receivables within one year -€8,933
down €8,933 (-88.1%), from €10,135 to €1,203
- Debts after one year -€12,632
down €12,632 (-4.9%), from €259,262 to €246,631
- Gross operating margin -€98,380
down €98,380 (-47.3%), from €207,788 to €109,408
- Financial charges -€37,183
down €37,183 (-76.0%), from €48,928 to €11,745
- Other operating charges -€22,897
down €22,897 (-51.3%), from €44,637 to €21,740
- Taxes -€10,045
down €10,045 (-78.0%), from €12,877 to €2,832
- Depreciation +€2,116
up €2,116 (+3.4%), from €62,773 to €64,889
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.
Cash bridge derived
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 | €831,777 | €834,243 | +€2,467 | +0.3% |
| Fixed assets | 21/28 | €790,740 | €725,851 | -€64,889 | -8.2% |
| Tangible fixed assets | 22/27 | €790,740 | €725,851 | -€64,889 | -8.2% |
| Land and buildings | 22 | €789,536 | €725,046 | -€64,489 | -8.2% |
| Plant, machinery and equipment | 23 | €1,204 | €804 | -€400 | -33.2% |
| Current assets | 29/58 | €41,037 | €108,393 | +€67,356 | +164.1% |
| Amounts receivable within one year | 40/41 | €10,135 | €1,203 | -€8,933 | -88.1% |
| Other amounts receivable | 41 | €10,135 | €1,203 | -€8,933 | -88.1% |
| Cash at bank and in hand | 54/58 | €28,881 | €105,087 | +€76,206 | +263.9% |
| Deferred charges and accrued income | 490/1 | €2,020 | €2,103 | +€83 | +4.1% |
| Total equity and liabilities | 10/49 | €831,777 | €834,243 | +€2,467 | +0.3% |
| Equity | 10/15 | €454,821 | €463,138 | +€8,317 | +1.8% |
| Contributions | 10/11 | €102,166 | €102,166 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Outside capital | 11 | €2,166 | €2,166 | = | 0.0% |
| Share premium | 1100/10 | €2,166 | €2,166 | = | 0.0% |
| Reserves | 13 | €352,655 | €360,972 | +€8,317 | +2.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €342,655 | €350,972 | +€8,317 | +2.4% |
| Amounts payable | 17/49 | €376,955 | €371,105 | -€5,850 | -1.6% |
| Amounts payable after more than one year | 17 | €259,262 | €246,631 | -€12,632 | -4.9% |
| Financial debts | 170/4 | €259,262 | €246,631 | -€12,632 | -4.9% |
| Amounts payable within one year | 42/48 | €114,750 | €114,642 | -€108 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €12,632 | €12,632 | = | 0.0% |
| Trade debts | 44 | - | €213 | +€213 | |
| Suppliers | 440/4 | - | €213 | +€213 | |
| Taxes, remuneration and social security | 45 | €3,012 | €3,012 | = | 0.0% |
| Taxes | 450/3 | €3,012 | €3,012 | = | 0.0% |
| Other amounts payable | 47/48 | €99,106 | €98,786 | -€321 | -0.3% |
| Accrued charges and deferred income | 492/3 | €2,943 | €9,833 | +€6,889 | +234.1% |
| Non-recurring operating income | 76A | €171,852 | €8,347 | -€163,505 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,773 | €64,889 | +€2,116 | +3.4% |
| Other operating charges | 640/8 | €44,637 | €21,740 | -€22,897 | -51.3% |
| Gross operating margin | 9900 | €207,788 | €109,408 | -€98,380 | -47.3% |
| Operating profit (loss) | 9901 | €100,378 | €22,778 | -€77,599 | -77.3% |
| Financial income | 75/76B | €40 | €115 | +€75 | +189.5% |
| Recurring financial income | 75 | €40 | €115 | +€75 | +189.5% |
| Financial charges | 65/66B | €48,928 | €11,745 | -€37,183 | -76.0% |
| Recurring financial charges | 65 | €48,928 | €11,745 | -€37,183 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €51,490 | €11,149 | -€40,341 | -78.3% |
| Income taxes | 67/77 | €12,877 | €2,832 | -€10,045 | -78.0% |
| Profit (loss) for the period | 9904 | €38,613 | €8,317 | -€30,296 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,613 | €8,317 | -€30,296 | -78.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.