GROUP FS: 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 FS
Largest movements
- Tangible fixed assets -€30,432
down €30,432 (-11.6%), from €262,586 to €232,154
of which Leasing and similar rights: -€15,537
- Cash +€4,441
up €4,441 (+5.8%), from €76,078 to €80,520
mainly Net result for the year (+€47,518) and Depreciation (+€30,432)
- Debts after one year -€37,794
down €37,794 (-25.5%), from €148,038 to €110,244
- Reserves +€28,980
up €28,980 (+24.2%), from €119,825 to €148,805
- Other debts -€14,487
down €14,487 (-82.4%), from €17,585 to €3,099
- Gross operating margin +€13,217
up €13,217 (+14.5%), from €91,323 to €104,540
- Taxes +€4,131
up €4,131 (+28.4%), from €14,566 to €18,697
- Financial charges -€1,662
down €1,662 (-28.3%), from €5,879 to €4,217
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 | €339,776 | €314,143 | -€25,633 | -7.5% |
| Fixed assets | 21/28 | €262,586 | €232,154 | -€30,432 | -11.6% |
| Tangible fixed assets | 22/27 | €262,586 | €232,154 | -€30,432 | -11.6% |
| Land and buildings | 22 | €215,302 | €201,137 | -€14,165 | -6.6% |
| Furniture and vehicles | 24 | €1,098 | €368 | -€730 | -66.5% |
| Leasing and similar rights | 25 | €46,186 | €30,649 | -€15,537 | -33.6% |
| Current assets | 29/58 | €77,190 | €81,989 | +€4,798 | +6.2% |
| Amounts receivable within one year | 40/41 | €944 | €11 | -€933 | -98.8% |
| Other amounts receivable | 41 | €944 | €11 | -€933 | -98.8% |
| Cash at bank and in hand | 54/58 | €76,078 | €80,520 | +€4,441 | +5.8% |
| Deferred charges and accrued income | 490/1 | €168 | €1,458 | +€1,290 | +768.2% |
| Total equity and liabilities | 10/49 | €339,776 | €314,143 | -€25,633 | -7.5% |
| Equity | 10/15 | €126,025 | €155,005 | +€28,980 | +23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,825 | €148,805 | +€28,980 | +24.2% |
| Distributable reserves | 133 | €119,825 | €148,805 | +€28,980 | +24.2% |
| Amounts payable | 17/49 | €213,751 | €159,138 | -€54,613 | -25.5% |
| Amounts payable after more than one year | 17 | €148,038 | €110,244 | -€37,794 | -25.5% |
| Financial debts | 170/4 | €148,038 | €110,244 | -€37,794 | -25.5% |
| Amounts payable within one year | 42/48 | €65,713 | €48,894 | -€16,819 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €36,584 | €37,794 | +€1,210 | +3.3% |
| Trade debts | 44 | €2,941 | €1,532 | -€1,409 | -47.9% |
| Suppliers | 440/4 | €2,941 | €1,532 | -€1,409 | -47.9% |
| Taxes, remuneration and social security | 45 | €8,603 | €6,470 | -€2,133 | -24.8% |
| Taxes | 450/3 | €8,603 | €6,470 | -€2,133 | -24.8% |
| Other amounts payable | 47/48 | €17,585 | €3,099 | -€14,487 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,432 | €30,432 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,571 | €3,677 | +€106 | +3.0% |
| Gross operating margin | 9900 | €91,323 | €104,540 | +€13,217 | +14.5% |
| Operating profit (loss) | 9901 | €57,320 | €70,432 | +€13,112 | +22.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,879 | €4,217 | -€1,662 | -28.3% |
| Recurring financial charges | 65 | €5,879 | €4,217 | -€1,662 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €51,441 | €66,215 | +€14,773 | +28.7% |
| Income taxes | 67/77 | €14,566 | €18,697 | +€4,131 | +28.4% |
| Profit (loss) for the period | 9904 | €36,875 | €47,518 | +€10,643 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,875 | €47,518 | +€10,643 | +28.9% |
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 1 October 2026 via checked.be.