GROUP G: 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.
What changed
GROUP G
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€19,408
2024 · €413,230-€432,638
Equity
€1.2m
2024 · €1.2m-€19,408
Cash
€26,683
2024 · €7,271+€19,411
Balance sheet total
€1.8m
2024 · €1.6m+€158,303
Largest movements
Assets
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Tangible fixed assets +€253,732
up €253,732 (+97.9%), from €259,194 to €512,926
of which Land and buildings: +€278,818
- Receivables within one year +€164,966
up €164,966 (+48.6%), from €339,299 to €504,265
of which Other amounts receivable: +€125,088
- Receivables after one year +€19,572
up €19,572 (+3.1%), from €628,216 to €647,788
- Cash +€19,411
up €19,411 (+267%), from €7,271 to €26,683
mainly Current investments (+€300,000) and Debts after one year (+€209,933)
Equity and liabilities
- Debts after one year +€209,933
up €209,933 (+143%), from €147,154 to €357,087
- Other debts -€30,654
down €30,654 (-45.3%), from €67,657 to €37,003
Income statement
- Gross operating margin -€521,399
down €521,399 (-89.8%), from €580,772 to €59,373
- Depreciation +€48,390
up €48,390 (+116%), from €41,807 to €90,197
- Taxes -€34,845
down €34,845 (-99.5%), from €35,007 to €162
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.
Result 2024
€413,230
Gross operating margin
-€521,399
Depreciation
-€48,390
Provisions
-€5,054
Other operating charges
+€277
Financial income
-€878
Financial charges
-€3,713
Taxes
+€34,845
Deferred taxes and other
+€111,675
Result 2025
-€19,408
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€145,440
Investment
-€43,929
Financing
+€208,780
Cash 2024
€7,271
From operations (derived)
-€145,440
Net result for the year
-€19,408
Depreciation
+€90,197
Receivables after one year
-€19,572
Receivables within one year
-€164,966
Deferred charges and accrued income
-€622
Provisions
-€1,444
Trade debts
+€12,146
Tax, wage and social debts
-€7,488
Other debts
-€30,654
Accrued charges and deferred income
-€3,629
Investment (derived)
-€43,929
Investment in fixed assets (net)
-€343,929
Current investments
+€300,000
Financing
+€208,780
Debts after one year
+€209,933
Current portion of long-term debt
-€1,057
Short-term financial debts
-€96
Cash 2025
€26,683
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,629,936 | €1,788,239 | +€158,303 | +9.7% |
| Fixed assets | 21/28 | €346,050 | €599,782 | +€253,732 | +73.3% |
| Tangible fixed assets | 22/27 | €259,194 | €512,926 | +€253,732 | +97.9% |
| Land and buildings | 22 | €190,604 | €469,422 | +€278,818 | +146% |
| Plant, machinery and equipment | 23 | - | €1,327 | +€1,327 | |
| Furniture and vehicles | 24 | €68,590 | €42,177 | -€26,413 | -38.5% |
| Financial fixed assets | 28 | €86,856 | €86,856 | = | 0.0% |
| Current assets | 29/58 | €1,283,885 | €1,188,457 | -€95,429 | -7.4% |
| Amounts receivable after more than one year | 29 | €628,216 | €647,788 | +€19,572 | +3.1% |
| Other amounts receivable | 291 | €628,216 | €647,788 | +€19,572 | +3.1% |
| Amounts receivable within one year | 40/41 | €339,299 | €504,265 | +€164,966 | +48.6% |
| Trade receivables | 40 | €19,486 | €59,364 | +€39,878 | +205% |
| Other amounts receivable | 41 | €319,814 | €444,901 | +€125,088 | +39.1% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €7,271 | €26,683 | +€19,411 | +267% |
| Deferred charges and accrued income | 490/1 | €9,099 | €9,721 | +€622 | +6.8% |
| Total equity and liabilities | 10/49 | €1,629,936 | €1,788,239 | +€158,303 | +9.7% |
| Equity | 10/15 | €1,190,713 | €1,171,305 | -€19,408 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,172,113 | €1,167,780 | -€4,333 | -0.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €352,500 | €348,167 | -€4,333 | -1.2% |
| Distributable reserves | 133 | €819,613 | €819,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€15,075 | -€15,075 | |
| Provisions and deferred taxes | 16 | €110,230 | €108,786 | -€1,444 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Deferred taxes | 168 | €110,230 | €108,786 | -€1,444 | -1.3% |
| Amounts payable | 17/49 | €328,992 | €508,148 | +€179,156 | +54.5% |
| Amounts payable after more than one year | 17 | €147,154 | €357,087 | +€209,933 | +143% |
| Financial debts | 170/4 | €147,154 | €357,087 | +€209,933 | +143% |
| Amounts payable within one year | 42/48 | €174,017 | €146,869 | -€27,149 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €22,204 | €21,147 | -€1,057 | -4.8% |
| Financial debts | 43 | €54,930 | €54,834 | -€96 | -0.2% |
| Credit institutions | 430/8 | €54,930 | €54,834 | -€96 | -0.2% |
| Trade debts | 44 | €2,450 | €14,597 | +€12,146 | +496% |
| Suppliers | 440/4 | €2,450 | €14,597 | +€12,146 | +496% |
| Taxes, remuneration and social security | 45 | €26,775 | €19,287 | -€7,488 | -28.0% |
| Taxes | 450/3 | €22,711 | €10,160 | -€12,551 | -55.3% |
| Remuneration and social security | 454/9 | €4,064 | €9,127 | +€5,063 | +125% |
| Other amounts payable | 47/48 | €67,657 | €37,003 | -€30,654 | -45.3% |
| Accrued charges and deferred income | 492/3 | €7,821 | €4,192 | -€3,629 | -46.4% |
| Non-recurring operating income | 76A | €516,512 | €4,463 | -€512,050 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,807 | €90,197 | +€48,390 | +116% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,054 | €0 | +€5,054 | |
| Other operating charges | 640/8 | €3,895 | €3,618 | -€277 | -7.1% |
| Gross operating margin | 9900 | €580,772 | €59,373 | -€521,399 | -89.8% |
| Operating profit (loss) | 9901 | €540,124 | -€34,443 | -€574,566 | |
| Financial income | 75/76B | €37,094 | €36,216 | -€878 | -2.4% |
| Recurring financial income | 75 | €37,094 | €36,216 | -€878 | -2.4% |
| Financial charges | 65/66B | €18,750 | €22,464 | +€3,713 | +19.8% |
| Recurring financial charges | 65 | €18,750 | €22,464 | +€3,713 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €558,467 | -€20,690 | -€579,158 | |
| Transfer from deferred taxes | 780 | €6,105 | €1,444 | -€4,660 | -76.3% |
| Transfer to deferred taxes | 680 | €116,335 | €0 | -€116,335 | -100% |
| Income taxes | 67/77 | €35,007 | €162 | -€34,845 | -99.5% |
| Profit (loss) for the period | 9904 | €413,230 | -€19,408 | -€432,638 | |
| Transfer from tax-exempt reserves | 789 | €18,314 | €4,333 | -€13,981 | -76.3% |
| Transfer to tax-exempt reserves | 689 | €349,006 | €0 | -€349,006 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €82,539 | -€15,075 | -€97,613 |
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 13 October 2026 via checked.be.