GROUP C: 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 C
Largest movements
- Tangible fixed assets -€41,848
down €41,848 (-9.2%), from €452,927 to €411,079
of which Land and buildings: -€39,258
- Cash +€8,944
up €8,944 (+3.1%), from €288,340 to €297,284
mainly Other debts (+€79,356) and Depreciation (+€41,848)
- Reserves -€83,101
down €83,101 (-27.5%), from €302,370 to €219,268
of which Distributable reserves: -€83,101
- Other debts +€79,356
up €79,356 (+573.3%), from €13,843 to €93,198
- Profit (loss) carried forward -€23,993
down €23,993 (-190.1%), from -€12,622 to -€36,616
- Gross operating margin -€5,256
down €5,256 (-21.0%), from €25,077 to €19,821
- Financial income -€3,537
down €3,537 (-42.3%), from €8,369 to €4,833
- Depreciation +€3,236
up €3,236 (+8.4%), from €38,612 to €41,848
- Taxes -€875
down €875 (-65.2%), from €1,343 to €468
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 | €747,958 | €711,900 | -€36,059 | -4.8% |
| Fixed assets | 21/28 | €452,927 | €411,079 | -€41,848 | -9.2% |
| Tangible fixed assets | 22/27 | €452,927 | €411,079 | -€41,848 | -9.2% |
| Land and buildings | 22 | €447,615 | €408,357 | -€39,258 | -8.8% |
| Furniture and vehicles | 24 | €5,312 | €2,722 | -€2,590 | -48.8% |
| Current assets | 29/58 | €295,031 | €300,820 | +€5,789 | +2.0% |
| Amounts receivable within one year | 40/41 | €3 | €1,590 | +€1,587 | +55485.3% |
| Other amounts receivable | 41 | €3 | €1,590 | +€1,587 | +55485.3% |
| Cash at bank and in hand | 54/58 | €288,340 | €297,284 | +€8,944 | +3.1% |
| Deferred charges and accrued income | 490/1 | €6,689 | €1,947 | -€4,741 | -70.9% |
| Total equity and liabilities | 10/49 | €747,958 | €711,900 | -€36,059 | -4.8% |
| Equity | 10/15 | €719,578 | €612,484 | -€107,095 | -14.9% |
| Contributions | 10/11 | €108,000 | €108,000 | = | 0.0% |
| Capital | 10 | €108,000 | €108,000 | = | 0.0% |
| Issued capital | 100 | €108,000 | €108,000 | = | 0.0% |
| Revaluation surpluses | 12 | €321,831 | €321,831 | = | 0.0% |
| Reserves | 13 | €302,370 | €219,268 | -€83,101 | -27.5% |
| Non-distributable reserves | 130/1 | €10,800 | €10,800 | = | 0.0% |
| Legal reserve | 130 | €10,800 | €10,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,144 | €7,144 | = | 0.0% |
| Distributable reserves | 133 | €284,426 | €201,325 | -€83,101 | -29.2% |
| Profit (loss) carried forward | 14 | -€12,622 | -€36,616 | -€23,993 | -190.1% |
| Amounts payable | 17/49 | €28,380 | €99,416 | +€71,036 | +250.3% |
| Amounts payable within one year | 42/48 | €26,745 | €97,759 | +€71,014 | +265.5% |
| Trade debts | 44 | €5,336 | €406 | -€4,931 | -92.4% |
| Suppliers | 440/4 | €5,336 | €406 | -€4,931 | -92.4% |
| Taxes, remuneration and social security | 45 | €7,566 | €4,155 | -€3,411 | -45.1% |
| Taxes | 450/3 | €7,566 | €4,155 | -€3,411 | -45.1% |
| Other amounts payable | 47/48 | €13,843 | €93,198 | +€79,356 | +573.3% |
| Accrued charges and deferred income | 492/3 | €1,635 | €1,657 | +€22 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,612 | €41,848 | +€3,236 | +8.4% |
| Other operating charges | 640/8 | €5,873 | €6,059 | +€186 | +3.2% |
| Gross operating margin | 9900 | €25,077 | €19,821 | -€5,256 | -21.0% |
| Operating profit (loss) | 9901 | -€19,408 | -€28,085 | -€8,677 | -44.7% |
| Financial income | 75/76B | €8,369 | €4,833 | -€3,537 | -42.3% |
| Recurring financial income | 75 | €8,369 | €4,833 | -€3,537 | -42.3% |
| Financial charges | 65/66B | €240 | €273 | +€32 | +13.5% |
| Recurring financial charges | 65 | €240 | €273 | +€32 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,279 | -€23,525 | -€12,246 | -108.6% |
| Income taxes | 67/77 | €1,343 | €468 | -€875 | -65.2% |
| Profit (loss) for the period | 9904 | -€12,622 | -€23,993 | -€11,371 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,622 | -€23,993 | -€11,371 | -90.1% |
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 5 October 2026 via checked.be.