Group Events: 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 Events
Largest movements
- Receivables within one year -€8,974
down €8,974 (-14.0%), from €63,919 to €54,945
of which Trade receivables: -€9,668
- Tangible fixed assets +€5,594
up €5,594 (+4.8%), from €116,502 to €122,096
of which Furniture and vehicles: +€11,711
- Cash -€3,579
down €3,579 (-37.4%), from €9,565 to €5,986
mainly Investment in fixed assets (net) (-€55,322) and Other debts (-€42,288)
- Other debts -€42,288
down €42,288 (-59.9%), from €70,644 to €28,356
- Reserves +€27,032
up €27,032 (+39.5%), from €68,392 to €95,424
- Trade debts -€20,993
down €20,993 (-94.7%), from €22,156 to €1,164
- Debts after one year +€15,277
new in 2025: €15,277
- Current portion of long-term debt +€10,810
new in 2025: €10,810
- Gross operating margin -€20,575
down €20,575 (-19.0%), from €108,405 to €87,830
- Depreciation +€10,290
up €10,290 (+26.1%), from €39,437 to €49,727
- Taxes -€8,506
down €8,506 (-46.5%), from €18,290 to €9,784
- Financial charges +€1,182
up €1,182 (+1054.8%), from €112 to €1,294
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 | €189,986 | €183,605 | -€6,381 | -3.4% |
| Fixed assets | 21/28 | €116,502 | €122,096 | +€5,594 | +4.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €116,502 | €122,096 | +€5,594 | +4.8% |
| Plant, machinery and equipment | 23 | €116,502 | €110,385 | -€6,116 | -5.3% |
| Furniture and vehicles | 24 | - | €11,711 | +€11,711 | |
| Current assets | 29/58 | €73,484 | €61,509 | -€11,976 | -16.3% |
| Amounts receivable within one year | 40/41 | €63,919 | €54,945 | -€8,974 | -14.0% |
| Trade receivables | 40 | €63,919 | €54,251 | -€9,668 | -15.1% |
| Other amounts receivable | 41 | - | €694 | +€694 | |
| Cash at bank and in hand | 54/58 | €9,565 | €5,986 | -€3,579 | -37.4% |
| Deferred charges and accrued income | 490/1 | €0 | €577 | +€577 | |
| Total equity and liabilities | 10/49 | €189,986 | €183,605 | -€6,381 | -3.4% |
| Equity | 10/15 | €72,892 | €99,924 | +€27,032 | +37.1% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €68,392 | €95,424 | +€27,032 | +39.5% |
| Distributable reserves | 133 | €68,392 | €95,424 | +€27,032 | +39.5% |
| Amounts payable | 17/49 | €117,094 | €83,681 | -€33,413 | -28.5% |
| Amounts payable after more than one year | 17 | - | €15,277 | +€15,277 | |
| Financial debts | 170/4 | - | €15,277 | +€15,277 | |
| Amounts payable within one year | 42/48 | €117,094 | €68,404 | -€48,690 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,810 | +€10,810 | |
| Trade debts | 44 | €22,156 | €1,164 | -€20,993 | -94.7% |
| Suppliers | 440/4 | €22,156 | €1,164 | -€20,993 | -94.7% |
| Taxes, remuneration and social security | 45 | €24,294 | €28,074 | +€3,780 | +15.6% |
| Taxes | 450/3 | €24,294 | €28,074 | +€3,780 | +15.6% |
| Other amounts payable | 47/48 | €70,644 | €28,356 | -€42,288 | -59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,437 | €49,727 | +€10,290 | +26.1% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €108,405 | €87,830 | -€20,575 | -19.0% |
| Operating profit (loss) | 9901 | €68,968 | €38,103 | -€30,865 | -44.8% |
| Financial income | 75/76B | €75 | €7 | -€68 | -90.2% |
| Recurring financial income | 75 | €75 | €7 | -€68 | -90.2% |
| Financial charges | 65/66B | €112 | €1,294 | +€1,182 | +1054.8% |
| Recurring financial charges | 65 | €112 | €1,294 | +€1,182 | +1054.8% |
| Profit (loss) for the period before taxes | 9903 | €68,930 | €36,816 | -€32,114 | -46.6% |
| Income taxes | 67/77 | €18,290 | €9,784 | -€8,506 | -46.5% |
| Profit (loss) for the period | 9904 | €50,640 | €27,032 | -€23,609 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,640 | €27,032 | -€23,609 | -46.6% |
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 8 October 2026 via checked.be.