GROUP24: 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.
GROUP24
Largest movements
- Tangible fixed assets -€40,990
down €40,990 (-3.7%), from €1.1m to €1.1m
of which Land and buildings: -€39,477
- Cash -€18,302
down €18,302 (-61.1%), from €29,935 to €11,633
mainly Investment in fixed assets (net) (-€67,557) and Debts after one year (-€56,854)
- Debts after one year -€56,854
down €56,854 (-6.7%), from €845,756 to €788,902
of which Financial debts: -€66,235
- Trade debts +€17,614
up €17,614 (+21.7%), from €81,153 to €98,767
- Gross operating margin -€12,511
down €12,511 (-2.9%), from €434,801 to €422,290
- Staff costs -€11,789
down €11,789 (-4.2%), from €280,463 to €268,674
- Depreciation +€8,427
up €8,427 (+8.4%), from €100,120 to €108,547
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 | €1,180,341 | €1,122,502 | -€57,839 | -4.9% |
| Fixed assets | 21/28 | €1,111,291 | €1,070,301 | -€40,990 | -3.7% |
| Tangible fixed assets | 22/27 | €1,111,291 | €1,070,301 | -€40,990 | -3.7% |
| Land and buildings | 22 | €796,153 | €756,676 | -€39,477 | -5.0% |
| Plant, machinery and equipment | 23 | €231,737 | €238,233 | +€6,496 | +2.8% |
| Furniture and vehicles | 24 | €83,401 | €75,392 | -€8,009 | -9.6% |
| Current assets | 29/58 | €69,050 | €52,201 | -€16,849 | -24.4% |
| Stocks and contracts in progress | 3 | €27,621 | €28,213 | +€592 | +2.1% |
| Stocks | 30/36 | €27,621 | €28,213 | +€592 | +2.1% |
| Amounts receivable within one year | 40/41 | €5,795 | €7,590 | +€1,795 | +31.0% |
| Trade receivables | 40 | €441 | €2,060 | +€1,619 | +367.1% |
| Other amounts receivable | 41 | €5,354 | €5,530 | +€176 | +3.3% |
| Cash at bank and in hand | 54/58 | €29,935 | €11,633 | -€18,302 | -61.1% |
| Deferred charges and accrued income | 490/1 | €5,699 | €4,765 | -€934 | -16.4% |
| Total equity and liabilities | 10/49 | €1,180,341 | €1,122,502 | -€57,839 | -4.9% |
| Equity | 10/15 | €49,703 | €49,738 | +€35 | +0.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €3,439 | €3,439 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,439 | €3,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,804 | €25,839 | +€35 | +0.1% |
| Amounts payable | 17/49 | €1,130,638 | €1,072,764 | -€57,874 | -5.1% |
| Amounts payable after more than one year | 17 | €845,756 | €788,902 | -€56,854 | -6.7% |
| Financial debts | 170/4 | €757,775 | €691,540 | -€66,235 | -8.7% |
| Other amounts payable | 178/9 | €87,981 | €97,362 | +€9,381 | +10.7% |
| Amounts payable within one year | 42/48 | €282,570 | €281,601 | -€969 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €88,532 | €84,729 | -€3,803 | -4.3% |
| Financial debts | 43 | €49,841 | €41,189 | -€8,652 | -17.4% |
| Credit institutions | 430/8 | €49,841 | €41,189 | -€8,652 | -17.4% |
| Trade debts | 44 | €81,153 | €98,767 | +€17,614 | +21.7% |
| Suppliers | 440/4 | €81,153 | €98,767 | +€17,614 | +21.7% |
| Taxes, remuneration and social security | 45 | €63,044 | €56,916 | -€6,128 | -9.7% |
| Taxes | 450/3 | €35,410 | €34,998 | -€412 | -1.2% |
| Remuneration and social security | 454/9 | €27,634 | €21,918 | -€5,716 | -20.7% |
| Accrued charges and deferred income | 492/3 | €2,312 | €2,261 | -€51 | -2.2% |
| Remuneration, social security and pensions | 62 | €280,463 | €268,674 | -€11,789 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,120 | €108,547 | +€8,427 | +8.4% |
| Other operating charges | 640/8 | €8,033 | €9,241 | +€1,208 | +15.0% |
| Gross operating margin | 9900 | €434,801 | €422,290 | -€12,511 | -2.9% |
| Operating profit (loss) | 9901 | €46,185 | €35,828 | -€10,357 | -22.4% |
| Financial income | 75/76B | €24 | €545 | +€521 | +2170.8% |
| Recurring financial income | 75 | €24 | €545 | +€521 | +2170.8% |
| Financial charges | 65/66B | €34,408 | €35,247 | +€839 | +2.4% |
| Recurring financial charges | 65 | €34,408 | €35,247 | +€839 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €11,801 | €1,126 | -€10,675 | -90.5% |
| Income taxes | 67/77 | €1,039 | €1,091 | +€52 | +5.0% |
| Profit (loss) for the period | 9904 | €10,762 | €35 | -€10,727 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,762 | €35 | -€10,727 | -99.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.