GROUPE B: 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.
GROUPE B
Largest movements
- Cash -€134,048
down €134,048 (-49.4%), from €271,471 to €137,423
mainly Investment in fixed assets (net) (-€64,367) and Debts after one year (-€49,326)
- Intangible fixed assets +€15,133
up €15,133 (+24.2%), from €62,572 to €77,705
- Deferred charges and accrued income +€10,240
up €10,240 (+1,010%), from €1,014 to €11,254
- Trade debts +€63,059
up €63,059 (+42.4%), from €148,747 to €211,806
- Debts after one year -€49,326
down €49,326 (-74.0%), from €66,629 to €17,303
- Profit (loss) carried forward -€49,275
down €49,275 (-70.6%), from €69,800 to €20,525
- Other debts -€43,898
down €43,898 (-62.5%), from €70,237 to €26,339
- Tax, wage and social debts -€29,875
down €29,875 (-98.5%), from €30,318 to €443
of which Remuneration and social security: -€30,089
- Gross operating margin -€108,307
down €108,307 (-12.2%), from €890,185 to €781,878
- Purchases and services +€97,980
up €97,980 (+3.9%), from €2.5m to €2.6m
- Staff costs -€73,642
down €73,642 (-8.8%), from €835,138 to €761,496
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 | €794,747 | €693,407 | -€101,340 | -12.8% |
| Fixed assets | 21/28 | €173,732 | €191,187 | +€17,455 | +10.0% |
| Intangible fixed assets | 21 | €62,572 | €77,705 | +€15,133 | +24.2% |
| Tangible fixed assets | 22/27 | €109,995 | €112,317 | +€2,322 | +2.1% |
| Plant, machinery and equipment | 23 | €77,879 | €97,094 | +€19,215 | +24.7% |
| Furniture and vehicles | 24 | €7,078 | €387 | -€6,691 | -94.5% |
| Leasing and similar rights | 25 | €19,767 | €12,420 | -€7,347 | -37.2% |
| Other tangible fixed assets | 26 | €5,271 | €2,416 | -€2,855 | -54.2% |
| Financial fixed assets | 28 | €1,165 | €1,165 | = | 0.0% |
| Current assets | 29/58 | €621,015 | €502,220 | -€118,795 | -19.1% |
| Stocks and contracts in progress | 3 | €189,153 | €187,703 | -€1,450 | -0.8% |
| Stocks | 30/36 | €189,153 | €187,703 | -€1,450 | -0.8% |
| Amounts receivable within one year | 40/41 | €159,377 | €165,840 | +€6,463 | +4.1% |
| Trade receivables | 40 | €30,597 | €36,983 | +€6,386 | +20.9% |
| Other amounts receivable | 41 | €128,780 | €128,857 | +€77 | +0.1% |
| Cash at bank and in hand | 54/58 | €271,471 | €137,423 | -€134,048 | -49.4% |
| Deferred charges and accrued income | 490/1 | €1,014 | €11,254 | +€10,240 | +1,010% |
| Total equity and liabilities | 10/49 | €794,747 | €693,407 | -€101,340 | -12.8% |
| Equity | 10/15 | €471,388 | €422,113 | -€49,275 | -10.5% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Capital | 10 | €49,579 | €49,579 | = | 0.0% |
| Issued capital | 100 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €352,009 | €352,009 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €347,051 | €347,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,800 | €20,525 | -€49,275 | -70.6% |
| Amounts payable | 17/49 | €323,359 | €271,294 | -€52,065 | -16.1% |
| Amounts payable after more than one year | 17 | €66,629 | €17,303 | -€49,326 | -74.0% |
| Financial debts | 170/4 | €66,629 | €17,303 | -€49,326 | -74.0% |
| Amounts payable within one year | 42/48 | €249,302 | €251,533 | +€2,231 | +0.9% |
| Financial debts | 43 | - | €12,945 | +€12,945 | |
| Credit institutions | 430/8 | - | €12,945 | +€12,945 | |
| Trade debts | 44 | €148,747 | €211,806 | +€63,059 | +42.4% |
| Suppliers | 440/4 | €148,747 | €211,806 | +€63,059 | +42.4% |
| Taxes, remuneration and social security | 45 | €30,318 | €443 | -€29,875 | -98.5% |
| Taxes | 450/3 | €229 | €443 | +€214 | +93.4% |
| Remuneration and social security | 454/9 | €30,089 | - | -€30,089 | |
| Other amounts payable | 47/48 | €70,237 | €26,339 | -€43,898 | -62.5% |
| Accrued charges and deferred income | 492/3 | €7,428 | €2,458 | -€4,970 | -66.9% |
| Turnover | 70 | €3,333,655 | €3,362,463 | +€28,808 | +0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,527,924 | €2,625,904 | +€97,980 | +3.9% |
| Remuneration, social security and pensions | 62 | €835,138 | €761,496 | -€73,642 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,494 | €46,912 | +€6,418 | +15.8% |
| Other operating charges | 640/8 | €6,344 | €11,269 | +€4,925 | +77.6% |
| Gross operating margin | 9900 | €890,185 | €781,878 | -€108,307 | -12.2% |
| Operating profit (loss) | 9901 | €8,209 | -€37,799 | -€46,008 | |
| Financial income | 75/76B | €1 | €77 | +€76 | +7,600% |
| Recurring financial income | 75 | €1 | €77 | +€76 | +7,600% |
| Financial charges | 65/66B | €9,237 | €10,063 | +€826 | +8.9% |
| Recurring financial charges | 65 | €9,237 | €10,063 | +€826 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,027 | -€47,785 | -€46,758 | -4,553% |
| Income taxes | 67/77 | €175 | €1,490 | +€1,315 | +751% |
| Profit (loss) for the period | 9904 | -€1,202 | -€49,275 | -€48,073 | -3,999% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,202 | -€49,275 | -€48,073 | -3,999% |
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 27 October 2026 via checked.be.