Group³: 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.
Group³
Largest movements
- Cash +€4.7m
new in 2025: €4.7m
mainly Current investments (+€3.1m) and Net result for the year (+€1.0m)
- Current investments -€3.1m
no longer reported in 2025 (was €3.1m)
- Receivables within one year -€268,068
down €268,068 (-28.7%), from €933,324 to €665,256
of which Trade receivables: -€280,546
- Tangible fixed assets -€209,464
down €209,464 (-8.3%), from €2.5m to €2.3m
of which Land and buildings: -€226,101
- Profit (loss) carried forward +€557,825
up €557,825 (+42.3%), from €1.3m to €1.9m
- Reserves +€479,940
up €479,940 (+24.5%), from €2.0m to €2.4m
of which Distributable reserves: +€505,200
- Debts after one year -€222,916
down €222,916 (-19.0%), from €1.2m to €947,401
- Other debts +€156,938
up €156,938 (+1582.6%), from €9,916 to €166,855
- Gross operating margin +€129,626
up €129,626 (+5.3%), from €2.5m to €2.6m
- Staff costs +€103,659
up €103,659 (+13.6%), from €762,621 to €866,280
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 | €6,602,893 | €7,646,574 | +€1.0m | +15.8% |
| Fixed assets | 21/28 | €2,536,151 | €2,325,087 | -€211,064 | -8.3% |
| Intangible fixed assets | 21 | €4,800 | €3,200 | -€1,600 | -33.3% |
| Tangible fixed assets | 22/27 | €2,531,351 | €2,321,887 | -€209,464 | -8.3% |
| Land and buildings | 22 | €2,317,789 | €2,091,688 | -€226,101 | -9.8% |
| Plant, machinery and equipment | 23 | €212,946 | €230,199 | +€17,252 | +8.1% |
| Furniture and vehicles | 24 | €616 | €0 | -€616 | -100.0% |
| Current assets | 29/58 | €4,066,742 | €5,321,487 | +€1.3m | +30.9% |
| Amounts receivable within one year | 40/41 | €933,324 | €665,256 | -€268,068 | -28.7% |
| Trade receivables | 40 | €924,296 | €643,750 | -€280,546 | -30.4% |
| Other amounts receivable | 41 | €9,028 | €21,506 | +€12,478 | +138.2% |
| Current investments | 50/53 | €3,117,330 | - | -€3.1m | |
| Cash at bank and in hand | 54/58 | - | €4,654,755 | +€4.7m | |
| Deferred charges and accrued income | 490/1 | €16,088 | €1,476 | -€14,612 | -90.8% |
| Total equity and liabilities | 10/49 | €6,602,893 | €7,646,574 | +€1.0m | +15.8% |
| Equity | 10/15 | €4,478,596 | €5,516,361 | +€1.0m | +23.2% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €1,959,770 | €2,439,710 | +€479,940 | +24.5% |
| Non-distributable reserves | 130/1 | €120,000 | €120,000 | = | 0.0% |
| Legal reserve | 130 | €120,000 | €120,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,380,880 | €1,355,620 | -€25,260 | -1.8% |
| Distributable reserves | 133 | €458,890 | €964,090 | +€505,200 | +110.1% |
| Profit (loss) carried forward | 14 | €1,318,826 | €1,876,651 | +€557,825 | +42.3% |
| Amounts payable | 17/49 | €2,124,297 | €2,130,213 | +€5,916 | +0.3% |
| Amounts payable after more than one year | 17 | €1,170,317 | €947,401 | -€222,916 | -19.0% |
| Financial debts | 170/4 | €1,170,317 | €947,401 | -€222,916 | -19.0% |
| Amounts payable within one year | 42/48 | €899,560 | €1,127,070 | +€227,509 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €222,916 | €222,916 | = | 0.0% |
| Trade debts | 44 | €361,216 | €403,828 | +€42,612 | +11.8% |
| Suppliers | 440/4 | €361,216 | €403,828 | +€42,612 | +11.8% |
| Taxes, remuneration and social security | 45 | €305,512 | €333,471 | +€27,959 | +9.2% |
| Taxes | 450/3 | €195,596 | €217,370 | +€21,774 | +11.1% |
| Remuneration and social security | 454/9 | €109,916 | €116,101 | +€6,185 | +5.6% |
| Other amounts payable | 47/48 | €9,916 | €166,855 | +€156,938 | +1582.6% |
| Accrued charges and deferred income | 492/3 | €54,420 | €55,742 | +€1,323 | +2.4% |
| Remuneration, social security and pensions | 62 | €762,621 | €866,280 | +€103,659 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,200 | €305,241 | +€2,041 | +0.7% |
| Other operating charges | 640/8 | €98,814 | €103,805 | +€4,992 | +5.1% |
| Gross operating margin | 9900 | €2,463,258 | €2,592,885 | +€129,626 | +5.3% |
| Operating profit (loss) | 9901 | €1,298,624 | €1,317,559 | +€18,935 | +1.5% |
| Financial income | 75/76B | €99,403 | €91,068 | -€8,335 | -8.4% |
| Recurring financial income | 75 | €99,403 | €91,068 | -€8,335 | -8.4% |
| Financial charges | 65/66B | €27,575 | €24,449 | -€3,126 | -11.3% |
| Recurring financial charges | 65 | €27,575 | €24,449 | -€3,126 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €1,370,453 | €1,384,178 | +€13,726 | +1.0% |
| Income taxes | 67/77 | €340,553 | €346,413 | +€5,860 | +1.7% |
| Profit (loss) for the period | 9904 | €1,029,899 | €1,037,765 | +€7,865 | +0.8% |
| Transfer from tax-exempt reserves | 789 | €458,890 | €505,200 | +€46,310 | +10.1% |
| Transfer to tax-exempt reserves | 689 | €471,520 | €479,940 | +€8,420 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,017,269 | €1,063,025 | +€45,755 | +4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.