Group2C: 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.
Group2C
Largest movements
- Tangible fixed assets -€59,147
down €59,147 (-4.4%), from €1.3m to €1.3m
of which Land and buildings: -€58,848
- Cash +€55,735
up €55,735 (+85.9%), from €64,900 to €120,635
mainly Other debts (+€241,258) and Net result for the year (+€137,163)
- Current investments +€55,000
up €55,000 (+24.4%), from €225,000 to €280,000
- Other debts +€241,258
up €241,258 (+1,573%), from €15,338 to €256,596
- Reserves -€102,837
down €102,837 (-9.7%), from €1.1m to €961,751
- Debts after one year -€75,385
down €75,385 (-10.6%), from €710,513 to €635,128
- Gross operating margin -€63,647
down €63,647 (-16.3%), from €389,518 to €325,871
- Taxes -€12,823
down €12,823 (-17.9%), from €71,651 to €58,827
- Staff costs -€6,665
down €6,665 (-8.8%), from €75,832 to €69,167
- Depreciation -€5,452
down €5,452 (-8.4%), from €64,599 to €59,147
- Financial income +€5,340
up €5,340 (+19.2%), from €27,811 to €33,151
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 | €1,994,434 | €2,039,764 | +€45,330 | +2.3% |
| Fixed assets | 21/28 | €1,331,059 | €1,271,912 | -€59,147 | -4.4% |
| Tangible fixed assets | 22/27 | €1,331,059 | €1,271,912 | -€59,147 | -4.4% |
| Land and buildings | 22 | €1,330,761 | €1,271,912 | -€58,848 | -4.4% |
| Plant, machinery and equipment | 23 | €299 | - | -€299 | |
| Current assets | 29/58 | €663,375 | €767,852 | +€104,477 | +15.7% |
| Amounts receivable after more than one year | 29 | €291,578 | €280,064 | -€11,514 | -3.9% |
| Other amounts receivable | 291 | €291,578 | €280,064 | -€11,514 | -3.9% |
| Stocks and contracts in progress | 3 | €79,285 | €85,721 | +€6,436 | +8.1% |
| Stocks | 30/36 | €79,285 | €85,721 | +€6,436 | +8.1% |
| Amounts receivable within one year | 40/41 | €277 | €390 | +€113 | +40.7% |
| Other amounts receivable | 41 | €277 | €390 | +€113 | +40.7% |
| Current investments | 50/53 | €225,000 | €280,000 | +€55,000 | +24.4% |
| Cash at bank and in hand | 54/58 | €64,900 | €120,635 | +€55,735 | +85.9% |
| Deferred charges and accrued income | 490/1 | €2,334 | €1,042 | -€1,292 | -55.3% |
| Total equity and liabilities | 10/49 | €1,994,434 | €2,039,764 | +€45,330 | +2.3% |
| Equity | 10/15 | €1,103,088 | €1,000,251 | -€102,837 | -9.3% |
| Contributions | 10/11 | €38,500 | €38,500 | = | 0.0% |
| Reserves | 13 | €1,064,588 | €961,751 | -€102,837 | -9.7% |
| Distributable reserves | 133 | €1,064,588 | €961,751 | -€102,837 | -9.7% |
| Amounts payable | 17/49 | €891,346 | €1,039,513 | +€148,167 | +16.6% |
| Amounts payable after more than one year | 17 | €710,513 | €635,128 | -€75,385 | -10.6% |
| Financial debts | 170/4 | €710,513 | €635,128 | -€75,385 | -10.6% |
| Amounts payable within one year | 42/48 | €180,833 | €404,385 | +€223,552 | +124% |
| Current portion of amounts payable after more than one year | 42 | €80,385 | €80,385 | = | 0.0% |
| Trade debts | 44 | €33,292 | €16,376 | -€16,916 | -50.8% |
| Suppliers | 440/4 | €33,292 | €16,376 | -€16,916 | -50.8% |
| Taxes, remuneration and social security | 45 | €51,818 | €51,028 | -€790 | -1.5% |
| Taxes | 450/3 | €42,359 | €42,128 | -€232 | -0.5% |
| Remuneration and social security | 454/9 | €9,459 | €8,900 | -€558 | -5.9% |
| Other amounts payable | 47/48 | €15,338 | €256,596 | +€241,258 | +1,573% |
| Non-recurring operating income | 76A | €3,713 | - | -€3,713 | |
| Remuneration, social security and pensions | 62 | €75,832 | €69,167 | -€6,665 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,599 | €59,147 | -€5,452 | -8.4% |
| Other operating charges | 640/8 | €16,005 | €16,008 | +€3 | 0.0% |
| Gross operating margin | 9900 | €389,518 | €325,871 | -€63,647 | -16.3% |
| Operating profit (loss) | 9901 | €233,082 | €181,548 | -€51,534 | -22.1% |
| Financial income | 75/76B | €27,811 | €33,151 | +€5,340 | +19.2% |
| Recurring financial income | 75 | €27,811 | €33,151 | +€5,340 | +19.2% |
| Financial charges | 65/66B | €19,934 | €18,710 | -€1,224 | -6.1% |
| Recurring financial charges | 65 | €19,934 | €18,710 | -€1,224 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €240,959 | €195,990 | -€44,969 | -18.7% |
| Income taxes | 67/77 | €71,651 | €58,827 | -€12,823 | -17.9% |
| Profit (loss) for the period | 9904 | €169,309 | €137,163 | -€32,146 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €169,309 | €137,163 | -€32,146 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.