GROUP 55: 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.
GROUP 55
Largest movements
- Tangible fixed assets +€16,976
up €16,976 (+79.5%), from €21,347 to €38,323
- Receivables within one year -€12,373
down €12,373 (-14.8%), from €83,482 to €71,109
of which Trade receivables: -€15,962
- Cash +€6,058
up €6,058 (+28.7%), from €21,092 to €27,149
mainly Net result for the year (+€40,189) and Tax, wage and social debts (+€14,082)
- Profit (loss) carried forward +€40,189
up €40,189 (+83.9%), from €47,880 to €88,069
- Trade debts -€29,541
down €29,541 (-92.2%), from €32,049 to €2,509
- Tax, wage and social debts +€14,082
up €14,082 (+542.1%), from €2,598 to €16,680
- Debts after one year -€14,051
no longer reported in 2025 (was €14,051)
- Gross operating margin +€38,432
up €38,432 (+1322.2%), from €2,907 to €41,339
- Financial income +€20,431
new in 2025: €20,431
of which Non-recurring financial income: +€20,125
- Taxes +€14,480
up €14,480, from -€1,084 to €13,396
- Depreciation +€1,342
up €1,342 (+74.2%), from €1,807 to €3,149
- Financial charges -€686
down €686 (-32.6%), from €2,101 to €1,415
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 | €217,881 | €229,291 | +€11,410 | +5.2% |
| Fixed assets | 21/28 | €113,307 | €130,283 | +€16,976 | +15.0% |
| Tangible fixed assets | 22/27 | €21,347 | €38,323 | +€16,976 | +79.5% |
| Other tangible fixed assets | 26 | €21,347 | €38,323 | +€16,976 | +79.5% |
| Financial fixed assets | 28 | €91,960 | €91,960 | = | 0.0% |
| Current assets | 29/58 | €104,574 | €99,007 | -€5,566 | -5.3% |
| Amounts receivable within one year | 40/41 | €83,482 | €71,109 | -€12,373 | -14.8% |
| Trade receivables | 40 | €83,436 | €67,474 | -€15,962 | -19.1% |
| Other amounts receivable | 41 | €46 | €3,636 | +€3,589 | +7734.2% |
| Cash at bank and in hand | 54/58 | €21,092 | €27,149 | +€6,058 | +28.7% |
| Deferred charges and accrued income | 490/1 | - | €749 | +€749 | |
| Total equity and liabilities | 10/49 | €217,881 | €229,291 | +€11,410 | +5.2% |
| Equity | 10/15 | €62,880 | €103,069 | +€40,189 | +63.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,880 | €88,069 | +€40,189 | +83.9% |
| Amounts payable | 17/49 | €155,001 | €126,222 | -€28,779 | -18.6% |
| Amounts payable after more than one year | 17 | €14,051 | - | -€14,051 | |
| Financial debts | 170/4 | €14,051 | - | -€14,051 | |
| Amounts payable within one year | 42/48 | €140,950 | €126,222 | -€14,728 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €13,321 | €14,051 | +€731 | +5.5% |
| Trade debts | 44 | €32,049 | €2,509 | -€29,541 | -92.2% |
| Suppliers | 440/4 | €32,049 | €2,509 | -€29,541 | -92.2% |
| Taxes, remuneration and social security | 45 | €2,598 | €16,680 | +€14,082 | +542.1% |
| Taxes | 450/3 | €2,598 | €16,680 | +€14,082 | +542.1% |
| Other amounts payable | 47/48 | €92,982 | €92,982 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,807 | €3,149 | +€1,342 | +74.2% |
| Other operating charges | 640/8 | €3,412 | €3,620 | +€209 | +6.1% |
| Gross operating margin | 9900 | €2,907 | €41,339 | +€38,432 | +1322.2% |
| Operating profit (loss) | 9901 | -€2,312 | €34,570 | +€36,882 | |
| Financial income | 75/76B | - | €20,431 | +€20,431 | |
| Recurring financial income | 75 | - | €306 | +€306 | |
| Non-recurring financial income | 76B | - | €20,125 | +€20,125 | |
| Financial charges | 65/66B | €2,101 | €1,415 | -€686 | -32.6% |
| Recurring financial charges | 65 | €2,101 | €1,415 | -€686 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,413 | €53,586 | +€57,999 | |
| Income taxes | 67/77 | -€1,084 | €13,396 | +€14,480 | |
| Profit (loss) for the period | 9904 | -€3,329 | €40,189 | +€43,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,329 | €40,189 | +€43,518 |
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 7 October 2026 via checked.be.