Group19: 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.
Group19
Largest movements
- Receivables within one year +€26,323
up €26,323 (+917.5%), from €2,869 to €29,192
of which Trade receivables: +€29,192
- Cash -€1,530
down €1,530 (-21.2%), from €7,204 to €5,674
mainly Receivables within one year (-€26,323) and Accrued charges and deferred income (-€131)
- Tangible fixed assets -€656
down €656 (-48.6%), from €1,349 to €693
of which Furniture and vehicles: -€464
- Other debts +€12,600
up €12,600, from €0 to €12,600
- Tax, wage and social debts +€8,806
up €8,806 (+37.8%), from €23,291 to €32,097
of which Taxes: +€7,296
- Profit (loss) carried forward +€1,390
up €1,390 (+7.9%), from -€17,605 to -€16,215
- Trade debts +€1,217
up €1,217 (+107.8%), from €1,129 to €2,346
- Staff costs +€22,784
up €22,784 (+19.5%), from €116,798 to €139,582
- Gross operating margin +€17,768
up €17,768 (+14.0%), from €126,865 to €144,633
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 | €13,147 | €37,029 | +€23,882 | +181.7% |
| Formation expenses | 20 | €399 | €171 | -€228 | -57.2% |
| Fixed assets | 21/28 | €1,349 | €693 | -€656 | -48.6% |
| Tangible fixed assets | 22/27 | €1,349 | €693 | -€656 | -48.6% |
| Furniture and vehicles | 24 | €859 | €395 | -€464 | -54.0% |
| Other tangible fixed assets | 26 | €490 | €298 | -€192 | -39.2% |
| Current assets | 29/58 | €11,399 | €36,165 | +€24,767 | +217.3% |
| Amounts receivable within one year | 40/41 | €2,869 | €29,192 | +€26,323 | +917.5% |
| Trade receivables | 40 | - | €29,192 | +€29,192 | |
| Other amounts receivable | 41 | €2,869 | €0 | -€2,869 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,204 | €5,674 | -€1,530 | -21.2% |
| Deferred charges and accrued income | 490/1 | €1,325 | €1,299 | -€27 | -2.0% |
| Total equity and liabilities | 10/49 | €13,147 | €37,029 | +€23,882 | +181.7% |
| Equity | 10/15 | -€11,405 | -€10,015 | +€1,390 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,605 | -€16,215 | +€1,390 | +7.9% |
| Amounts payable | 17/49 | €24,551 | €47,044 | +€22,493 | +91.6% |
| Amounts payable within one year | 42/48 | €24,420 | €47,044 | +€22,623 | +92.6% |
| Trade debts | 44 | €1,129 | €2,346 | +€1,217 | +107.8% |
| Suppliers | 440/4 | €1,129 | €2,346 | +€1,217 | +107.8% |
| Taxes, remuneration and social security | 45 | €23,291 | €32,097 | +€8,806 | +37.8% |
| Taxes | 450/3 | €12,174 | €19,470 | +€7,296 | +59.9% |
| Remuneration and social security | 454/9 | €11,117 | €12,628 | +€1,511 | +13.6% |
| Other amounts payable | 47/48 | €0 | €12,600 | +€12,600 | |
| Accrued charges and deferred income | 492/3 | €131 | €0 | -€131 | -100.0% |
| Non-recurring operating income | 76A | - | €10,846 | +€10,846 | |
| Remuneration, social security and pensions | 62 | €116,798 | €139,582 | +€22,784 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,195 | €884 | -€311 | -26.0% |
| Other operating charges | 640/8 | €1,046 | €1,686 | +€639 | +61.1% |
| Gross operating margin | 9900 | €126,865 | €144,633 | +€17,768 | +14.0% |
| Operating profit (loss) | 9901 | €7,826 | €2,481 | -€5,344 | -68.3% |
| Financial income | 75/76B | €16 | €27 | +€11 | +70.9% |
| Recurring financial income | 75 | €16 | €27 | +€11 | +70.9% |
| Financial charges | 65/66B | €1,075 | €536 | -€539 | -50.2% |
| Recurring financial charges | 65 | €1,075 | €536 | -€539 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €6,767 | €1,972 | -€4,794 | -70.9% |
| Income taxes | 67/77 | €533 | €582 | +€49 | +9.2% |
| Profit (loss) for the period | 9904 | €6,233 | €1,390 | -€4,843 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,233 | €1,390 | -€4,843 | -77.7% |
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 4 October 2026 via checked.be.