GROUPASOL: 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.
GROUPASOL
Largest movements
- Cash +€293,111
up €293,111 (+117.0%), from €250,446 to €543,557
mainly Net result for the year (+€317,075) and Trade debts (+€30,606)
- Receivables within one year +€75,136
up €75,136 (+35.6%), from €211,272 to €286,408
of which Trade receivables: +€97,472
- Tangible fixed assets -€10,129
down €10,129 (-15.7%), from €64,671 to €54,541
of which Other tangible fixed assets: -€11,066
- Intangible fixed assets -€9,247
down €9,247 (-79.3%), from €11,660 to €2,413
- Profit (loss) carried forward +€317,075
up €317,075 (+120.2%), from €263,766 to €580,841
- Trade debts +€30,606
up €30,606 (+57.1%), from €53,596 to €84,202
- Gross operating margin +€260,353
up €260,353 (+64.9%), from €401,444 to €661,797
- Taxes +€61,932
up €61,932 (+126.0%), from €49,161 to €111,093
- Staff costs +€26,500
up €26,500 (+15.2%), from €174,465 to €200,965
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 | €540,736 | €889,675 | +€348,939 | +64.5% |
| Fixed assets | 21/28 | €76,754 | €57,378 | -€19,376 | -25.2% |
| Intangible fixed assets | 21 | €11,660 | €2,413 | -€9,247 | -79.3% |
| Tangible fixed assets | 22/27 | €64,671 | €54,541 | -€10,129 | -15.7% |
| Furniture and vehicles | 24 | €1,088 | €2,025 | +€937 | +86.1% |
| Other tangible fixed assets | 26 | €63,583 | €52,517 | -€11,066 | -17.4% |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €463,982 | €832,297 | +€368,316 | +79.4% |
| Amounts receivable within one year | 40/41 | €211,272 | €286,408 | +€75,136 | +35.6% |
| Trade receivables | 40 | €185,336 | €282,808 | +€97,472 | +52.6% |
| Other amounts receivable | 41 | €25,936 | €3,600 | -€22,336 | -86.1% |
| Cash at bank and in hand | 54/58 | €250,446 | €543,557 | +€293,111 | +117.0% |
| Deferred charges and accrued income | 490/1 | €2,263 | €2,332 | +€69 | +3.0% |
| Total equity and liabilities | 10/49 | €540,736 | €889,675 | +€348,939 | +64.5% |
| Equity | 10/15 | €424,916 | €741,991 | +€317,075 | +74.6% |
| Reserves | 13 | €161,150 | €161,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €142,400 | €142,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,766 | €580,841 | +€317,075 | +120.2% |
| Amounts payable | 17/49 | €115,820 | €147,684 | +€31,865 | +27.5% |
| Amounts payable within one year | 42/48 | €115,820 | €147,003 | +€31,183 | +26.9% |
| Financial debts | 43 | €5,092 | - | -€5,092 | |
| Credit institutions | 430/8 | €5,092 | - | -€5,092 | |
| Trade debts | 44 | €53,596 | €84,202 | +€30,606 | +57.1% |
| Suppliers | 440/4 | €53,596 | €84,202 | +€30,606 | +57.1% |
| Taxes, remuneration and social security | 45 | €57,132 | €62,802 | +€5,669 | +9.9% |
| Taxes | 450/3 | €41,434 | €40,138 | -€1,296 | -3.1% |
| Remuneration and social security | 454/9 | €15,699 | €22,664 | +€6,965 | +44.4% |
| Accrued charges and deferred income | 492/3 | - | €681 | +€681 | |
| Remuneration, social security and pensions | 62 | €174,465 | €200,965 | +€26,500 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,647 | €20,998 | -€2,649 | -11.2% |
| Other operating charges | 640/8 | €1,325 | €6,220 | +€4,895 | +369.3% |
| Gross operating margin | 9900 | €401,444 | €661,797 | +€260,353 | +64.9% |
| Operating profit (loss) | 9901 | €202,006 | €433,614 | +€231,608 | +114.7% |
| Financial income | 75/76B | €1 | €11 | +€10 | +1427.1% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +1427.1% |
| Financial charges | 65/66B | €4,446 | €5,457 | +€1,012 | +22.8% |
| Recurring financial charges | 65 | €4,446 | €5,457 | +€1,012 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €197,561 | €428,167 | +€230,606 | +116.7% |
| Income taxes | 67/77 | €49,161 | €111,093 | +€61,932 | +126.0% |
| Profit (loss) for the period | 9904 | €148,400 | €317,075 | +€168,674 | +113.7% |
| Profit (loss) for the period to be appropriated | 9905 | €148,400 | €317,075 | +€168,674 | +113.7% |
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 11 October 2026 via checked.be.