GROUP-D: 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.
GROUP-D
Largest movements
- Receivables within one year +€19,976
up €19,976 (+22.0%), from €90,965 to €110,942
of which Other amounts receivable: +€25,815
- Cash +€4,646
up €4,646 (+158%), from €2,944 to €7,590
mainly Net result for the year (+€15,226) and Other debts (+€4,799)
- Tangible fixed assets -€3,085
down €3,085 (-23.8%), from €12,955 to €9,870
of which Furniture and vehicles: -€2,250
- Profit (loss) carried forward +€15,226
up €15,226 (+59.5%), from €25,586 to €40,812
- Other debts +€4,799
up €4,799 (+7.5%), from €63,815 to €68,615
- Trade debts +€2,543
up €2,543 (+41.7%), from €6,102 to €8,645
- Financial income +€4,351
up €4,351 (+770%), from €565 to €4,916
- Financial charges +€3,345
up €3,345 (+679%), from €493 to €3,837
- Depreciation +€1,625
up €1,625 (+111%), from €1,459 to €3,085
- Gross operating margin +€860
up €860 (+4.1%), from €21,190 to €22,050
- Other operating charges +€314
up €314 (+101%), from €310 to €624
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.
Derived cash bridge
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 | €106,949 | €128,805 | +€21,856 | +20.4% |
| Fixed assets | 21/28 | €12,955 | €9,870 | -€3,085 | -23.8% |
| Tangible fixed assets | 22/27 | €12,955 | €9,870 | -€3,085 | -23.8% |
| Plant, machinery and equipment | 23 | €388 | €237 | -€150 | -38.7% |
| Furniture and vehicles | 24 | €9,623 | €7,373 | -€2,250 | -23.4% |
| Other tangible fixed assets | 26 | €2,944 | €2,260 | -€684 | -23.2% |
| Current assets | 29/58 | €93,994 | €118,934 | +€24,940 | +26.5% |
| Amounts receivable within one year | 40/41 | €90,965 | €110,942 | +€19,976 | +22.0% |
| Trade receivables | 40 | €12,418 | €6,579 | -€5,838 | -47.0% |
| Other amounts receivable | 41 | €78,548 | €104,363 | +€25,815 | +32.9% |
| Cash at bank and in hand | 54/58 | €2,944 | €7,590 | +€4,646 | +158% |
| Deferred charges and accrued income | 490/1 | €85 | €403 | +€317 | +372% |
| Total equity and liabilities | 10/49 | €106,949 | €128,805 | +€21,856 | +20.4% |
| Equity | 10/15 | €28,086 | €43,312 | +€15,226 | +54.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,586 | €40,812 | +€15,226 | +59.5% |
| Amounts payable | 17/49 | €78,864 | €85,493 | +€6,630 | +8.4% |
| Amounts payable within one year | 42/48 | €78,864 | €85,493 | +€6,630 | +8.4% |
| Trade debts | 44 | €6,102 | €8,645 | +€2,543 | +41.7% |
| Suppliers | 440/4 | €6,102 | €8,645 | +€2,543 | +41.7% |
| Taxes, remuneration and social security | 45 | €8,946 | €8,234 | -€713 | -8.0% |
| Taxes | 450/3 | €8,946 | €8,234 | -€713 | -8.0% |
| Other amounts payable | 47/48 | €63,815 | €68,615 | +€4,799 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €3,085 | +€1,625 | +111% |
| Other operating charges | 640/8 | €310 | €624 | +€314 | +101% |
| Gross operating margin | 9900 | €21,190 | €22,050 | +€860 | +4.1% |
| Operating profit (loss) | 9901 | €19,421 | €18,341 | -€1,080 | -5.6% |
| Financial income | 75/76B | €565 | €4,916 | +€4,351 | +770% |
| Recurring financial income | 75 | €565 | €4,916 | +€4,351 | +770% |
| Financial charges | 65/66B | €493 | €3,837 | +€3,345 | +679% |
| Recurring financial charges | 65 | €493 | €3,837 | +€3,345 | +679% |
| Profit (loss) for the period before taxes | 9903 | €19,493 | €19,420 | -€74 | -0.4% |
| Income taxes | 67/77 | €4,236 | €4,194 | -€42 | -1.0% |
| Profit (loss) for the period | 9904 | €15,257 | €15,226 | -€31 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,257 | €15,226 | -€31 | -0.2% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.