GROUP WG: 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 WG
Largest movements
- Cash +€73,526
up €73,526 (+150%), from €49,126 to €122,652
mainly Net result for the year (+€111,171) and Tax, wage and social debts (+€19,855)
- Receivables within one year +€60,648
up €60,648 (+1,465%), from €4,140 to €64,787
of which Trade receivables: +€59,321
- Tangible fixed assets -€7,890
down €7,890 (-24.4%), from €32,345 to €24,455
- Profit (loss) carried forward +€111,171
up €111,171 (+401%), from €27,756 to €138,927
- Tax, wage and social debts +€19,855
up €19,855 (+159%), from €12,456 to €32,310
- Other debts +€9,208
up €9,208 (+44.9%), from €20,500 to €29,708
- Debts after one year -€6,206
no longer reported in 2025 (was €6,206)
- Current portion of long-term debt -€5,783
down €5,783 (-48.2%), from €11,989 to €6,206
- Gross operating margin +€127,973
up €127,973 (+390%), from €32,777 to €160,750
- Taxes +€28,149
up €28,149 (+825%), from €3,411 to €31,560
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 | €90,912 | €215,213 | +€124,300 | +137% |
| Fixed assets | 21/28 | €36,372 | €26,468 | -€9,903 | -27.2% |
| Intangible fixed assets | 21 | €4,027 | €2,014 | -€2,014 | -50.0% |
| Tangible fixed assets | 22/27 | €32,345 | €24,455 | -€7,890 | -24.4% |
| Furniture and vehicles | 24 | €32,345 | €24,455 | -€7,890 | -24.4% |
| Current assets | 29/58 | €54,541 | €188,744 | +€134,204 | +246% |
| Amounts receivable within one year | 40/41 | €4,140 | €64,787 | +€60,648 | +1,465% |
| Trade receivables | 40 | €3,769 | €63,090 | +€59,321 | +1,574% |
| Other amounts receivable | 41 | €370 | €1,697 | +€1,327 | +358% |
| Cash at bank and in hand | 54/58 | €49,126 | €122,652 | +€73,526 | +150% |
| Deferred charges and accrued income | 490/1 | €1,275 | €1,305 | +€30 | +2.4% |
| Total equity and liabilities | 10/49 | €90,912 | €215,213 | +€124,300 | +137% |
| Equity | 10/15 | €31,756 | €142,927 | +€111,171 | +350% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,756 | €138,927 | +€111,171 | +401% |
| Amounts payable | 17/49 | €59,156 | €72,286 | +€13,129 | +22.2% |
| Amounts payable after more than one year | 17 | €6,206 | - | -€6,206 | |
| Financial debts | 170/4 | €6,206 | - | -€6,206 | |
| Amounts payable within one year | 42/48 | €52,951 | €72,286 | +€19,335 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €11,989 | €6,206 | -€5,783 | -48.2% |
| Financial debts | 43 | €2,364 | €2,030 | -€334 | -14.1% |
| Credit institutions | 430/8 | €2,364 | €2,030 | -€334 | -14.1% |
| Trade debts | 44 | €5,642 | €2,032 | -€3,610 | -64.0% |
| Suppliers | 440/4 | €5,642 | €2,032 | -€3,610 | -64.0% |
| Taxes, remuneration and social security | 45 | €12,456 | €32,310 | +€19,855 | +159% |
| Taxes | 450/3 | €12,456 | €32,310 | +€19,855 | +159% |
| Other amounts payable | 47/48 | €20,500 | €29,708 | +€9,208 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,078 | €14,774 | -€304 | -2.0% |
| Other operating charges | 640/8 | €1,377 | €1,440 | +€63 | +4.6% |
| Gross operating margin | 9900 | €32,777 | €160,750 | +€127,973 | +390% |
| Operating profit (loss) | 9901 | €16,322 | €144,536 | +€128,214 | +786% |
| Financial income | 75/76B | - | €152 | +€152 | |
| Recurring financial income | 75 | - | €152 | +€152 | |
| Financial charges | 65/66B | €1,622 | €1,957 | +€335 | +20.7% |
| Recurring financial charges | 65 | €1,622 | €1,957 | +€335 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €14,700 | €142,731 | +€128,031 | +871% |
| Income taxes | 67/77 | €3,411 | €31,560 | +€28,149 | +825% |
| Profit (loss) for the period | 9904 | €11,289 | €111,171 | +€99,881 | +885% |
| Profit (loss) for the period to be appropriated | 9905 | €11,289 | €111,171 | +€99,881 | +885% |
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 20 October 2026 via checked.be.