Grupello: 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.
Grupello
Largest movements
- Tangible fixed assets -€79,727
down €79,727 (-6.9%), from €1.2m to €1.1m
of which Land and buildings: -€68,601
- Cash +€21,721
up €21,721 (+171%), from €12,675 to €34,396
mainly Depreciation (+€94,267) and Tax, wage and social debts (+€47,242)
- Profit (loss) carried forward -€48,582
down €48,582 (-22.2%), from -€218,689 to -€267,271
- Tax, wage and social debts +€47,242
up €47,242 (+52.7%), from €89,582 to €136,824
of which Remuneration and social security: +€36,595
- Debts after one year -€39,927
down €39,927 (-7.5%), from €530,652 to €490,725
- Other debts -€30,314
down €30,314 (-4.5%), from €670,803 to €640,490
- Gross operating margin +€37,932
up €37,932 (+9.7%), from €389,599 to €427,531
- Staff costs +€28,942
up €28,942 (+9.6%), from €301,704 to €330,646
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 | €1,205,324 | €1,145,233 | -€60,092 | -5.0% |
| Fixed assets | 21/28 | €1,157,969 | €1,078,241 | -€79,727 | -6.9% |
| Tangible fixed assets | 22/27 | €1,157,969 | €1,078,241 | -€79,727 | -6.9% |
| Land and buildings | 22 | €1,065,487 | €996,886 | -€68,601 | -6.4% |
| Plant, machinery and equipment | 23 | €62,977 | €47,118 | -€15,859 | -25.2% |
| Furniture and vehicles | 24 | €29,504 | €34,237 | +€4,733 | +16.0% |
| Current assets | 29/58 | €47,355 | €66,991 | +€19,636 | +41.5% |
| Stocks and contracts in progress | 3 | €19,286 | €23,350 | +€4,065 | +21.1% |
| Stocks | 30/36 | €19,286 | €23,350 | +€4,065 | +21.1% |
| Amounts receivable within one year | 40/41 | €7,953 | €5,641 | -€2,312 | -29.1% |
| Trade receivables | 40 | €5,571 | €2,261 | -€3,310 | -59.4% |
| Other amounts receivable | 41 | €2,382 | €3,380 | +€998 | +41.9% |
| Current investments | 50/53 | €93 | €207 | +€114 | +122% |
| Cash at bank and in hand | 54/58 | €12,675 | €34,396 | +€21,721 | +171% |
| Deferred charges and accrued income | 490/1 | €7,349 | €3,397 | -€3,952 | -53.8% |
| Total equity and liabilities | 10/49 | €1,205,324 | €1,145,233 | -€60,092 | -5.0% |
| Equity | 10/15 | -€218,589 | -€267,171 | -€48,582 | -22.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,689 | -€267,271 | -€48,582 | -22.2% |
| Amounts payable | 17/49 | €1,423,914 | €1,412,404 | -€11,510 | -0.8% |
| Amounts payable after more than one year | 17 | €530,652 | €490,725 | -€39,927 | -7.5% |
| Financial debts | 170/4 | €530,652 | €490,725 | -€39,927 | -7.5% |
| Amounts payable within one year | 42/48 | €893,261 | €921,679 | +€28,417 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €47,687 | €48,804 | +€1,117 | +2.3% |
| Trade debts | 44 | €85,189 | €89,781 | +€4,592 | +5.4% |
| Suppliers | 440/4 | €85,189 | €89,781 | +€4,592 | +5.4% |
| Advances received on contracts in progress | 46 | €0 | €5,781 | +€5,781 | |
| Taxes, remuneration and social security | 45 | €89,582 | €136,824 | +€47,242 | +52.7% |
| Taxes | 450/3 | €23,468 | €34,114 | +€10,646 | +45.4% |
| Remuneration and social security | 454/9 | €66,114 | €102,710 | +€36,595 | +55.4% |
| Other amounts payable | 47/48 | €670,803 | €640,490 | -€30,314 | -4.5% |
| Remuneration, social security and pensions | 62 | €301,704 | €330,646 | +€28,942 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,386 | €94,267 | +€1,881 | +2.0% |
| Other operating charges | 640/8 | €9,145 | €11,628 | +€2,483 | +27.1% |
| Gross operating margin | 9900 | €389,599 | €427,531 | +€37,932 | +9.7% |
| Operating profit (loss) | 9901 | -€13,637 | -€9,010 | +€4,627 | +33.9% |
| Financial income | 75/76B | €730 | €2,246 | +€1,516 | +208% |
| Recurring financial income | 75 | €730 | €2,246 | +€1,516 | +208% |
| Financial charges | 65/66B | €39,467 | €41,570 | +€2,103 | +5.3% |
| Recurring financial charges | 65 | €39,467 | €41,570 | +€2,103 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,374 | -€48,334 | +€4,040 | +7.7% |
| Income taxes | 67/77 | €274 | €248 | -€26 | -9.6% |
| Profit (loss) for the period | 9904 | -€52,648 | -€48,582 | +€4,067 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,648 | -€48,582 | +€4,067 | +7.7% |
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 14 October 2026 via checked.be.