GROUP PARTNERS: 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 PARTNERS
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,276
2024 · €3,072+€1,204
Equity
€89,240
2024 · €88,964+€276
Cash
€2,338
2024 · €431+€1,907
Balance sheet total
€396,778
2024 · €175,814+€220,964
Largest movements
Assets
- Receivables within one year +€214,255
up €214,255 (+166%), from €128,761 to €343,016
of which Trade receivables: +€193,763
- Deferred charges and accrued income +€8,148
up €8,148 (+199%), from €4,099 to €12,247
Equity and liabilities
- Trade debts +€219,018
up €219,018 (+304%), from €72,094 to €291,113
Income statement
- Depreciation -€1,952
down €1,952 (-14.8%), from €13,195 to €11,243
- Gross operating margin -€1,911
down €1,911 (-9.4%), from €20,315 to €18,404
- Other operating charges -€1,120
down €1,120 (-51.8%), from €2,162 to €1,042
- Taxes +€861
up €861 (+116%), from €745 to €1,607
- Financial income +€842
up €842 (+173%), from €486 to €1,328
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
€3,072
Gross operating margin
-€1,911
Depreciation
+€1,952
Other operating charges
+€1,120
Financial income
+€842
Financial charges
+€63
Taxes
-€861
Result 2025
€4,276
raises the resultlowers the result
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
+€14,626
Investment
-€7,897
Financing
-€4,823
Cash 2024
€431
From operations (derived)
+€14,626
Net result for the year
+€4,276
Depreciation
+€11,243
Receivables within one year
-€214,255
Deferred charges and accrued income
-€8,148
Trade debts
+€219,018
Tax, wage and social debts
-€909
Other debts
+€3,400
Investment (derived)
-€7,897
Investment in fixed assets (net)
-€7,897
Financing
-€4,823
Debts after one year
-€1,726
Current portion of long-term debt
+€153
Short-term financial debts
+€750
Contributions, distributions and other
-€4,000
Cash 2025
€2,338
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,814 | €396,778 | +€220,964 | +126% |
| Fixed assets | 21/28 | €42,523 | €39,177 | -€3,346 | -7.9% |
| Tangible fixed assets | 22/27 | €29,938 | €26,307 | -€3,631 | -12.1% |
| Plant, machinery and equipment | 23 | €4,477 | €6,425 | +€1,948 | +43.5% |
| Furniture and vehicles | 24 | €2,899 | €2,847 | -€52 | -1.8% |
| Leasing and similar rights | 25 | €22,562 | €17,035 | -€5,527 | -24.5% |
| Financial fixed assets | 28 | €12,585 | €12,870 | +€285 | +2.3% |
| Current assets | 29/58 | €133,291 | €357,601 | +€224,310 | +168% |
| Amounts receivable within one year | 40/41 | €128,761 | €343,016 | +€214,255 | +166% |
| Trade receivables | 40 | €107,812 | €301,575 | +€193,763 | +180% |
| Other amounts receivable | 41 | €20,949 | €41,441 | +€20,492 | +97.8% |
| Cash at bank and in hand | 54/58 | €431 | €2,338 | +€1,907 | +442% |
| Deferred charges and accrued income | 490/1 | €4,099 | €12,247 | +€8,148 | +199% |
| Total equity and liabilities | 10/49 | €175,814 | €396,778 | +€220,964 | +126% |
| Equity | 10/15 | €88,964 | €89,240 | +€276 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,860 | €18,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,904 | €64,180 | +€276 | +0.4% |
| Amounts payable | 17/49 | €86,850 | €307,538 | +€220,687 | +254% |
| Amounts payable after more than one year | 17 | €9,836 | €8,110 | -€1,726 | -17.5% |
| Financial debts | 170/4 | €9,836 | €8,110 | -€1,726 | -17.5% |
| Amounts payable within one year | 42/48 | €77,014 | €299,427 | +€222,413 | +289% |
| Current portion of amounts payable after more than one year | 42 | €1,575 | €1,728 | +€153 | +9.7% |
| Financial debts | 43 | €450 | €1,200 | +€750 | +167% |
| Credit institutions | 430/8 | €450 | €1,200 | +€750 | +167% |
| Trade debts | 44 | €72,094 | €291,113 | +€219,018 | +304% |
| Suppliers | 440/4 | €72,094 | €291,113 | +€219,018 | +304% |
| Taxes, remuneration and social security | 45 | €1,995 | €1,087 | -€909 | -45.5% |
| Taxes | 450/3 | €1,995 | €1,087 | -€909 | -45.5% |
| Other amounts payable | 47/48 | €900 | €4,300 | +€3,400 | +378% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,195 | €11,243 | -€1,952 | -14.8% |
| Other operating charges | 640/8 | €2,162 | €1,042 | -€1,120 | -51.8% |
| Gross operating margin | 9900 | €20,315 | €18,404 | -€1,911 | -9.4% |
| Operating profit (loss) | 9901 | €4,959 | €6,119 | +€1,161 | +23.4% |
| Financial income | 75/76B | €486 | €1,328 | +€842 | +173% |
| Recurring financial income | 75 | €486 | €1,328 | +€842 | +173% |
| Financial charges | 65/66B | €1,627 | €1,564 | -€63 | -3.9% |
| Recurring financial charges | 65 | €1,627 | €1,564 | -€63 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €3,818 | €5,883 | +€2,066 | +54.1% |
| Income taxes | 67/77 | €745 | €1,607 | +€861 | +116% |
| Profit (loss) for the period | 9904 | €3,072 | €4,276 | +€1,204 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,072 | €4,276 | +€1,204 | +39.2% |
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 13 October 2026 via checked.be.