Immo De Groot & Celen: 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.
Immo De Groot & Celen
Largest movements
- Receivables within one year +€50,156
up €50,156 (+67.8%), from €73,960 to €124,117
of which Trade receivables: +€50,867
- Cash -€3,509
down €3,509 (-28.1%), from €12,484 to €8,975
mainly Receivables within one year (-€50,156) and Tax, wage and social debts (-€12,314)
- Financial fixed assets +€1,875
new in 2025: €1,875
- Reserves +€47,573
up €47,573 (+405.2%), from €11,740 to €59,313
- Trade debts +€23,760
up €23,760 (+264.5%), from €8,983 to €32,743
- Profit (loss) carried forward -€20,304
down €20,304 (-100.0%), from €20,304 to €0
- Tax, wage and social debts -€12,314
down €12,314 (-30.2%), from €40,765 to €28,452
of which Taxes: -€6,809
- Other debts +€8,045
up €8,045 (+165.4%), from €4,865 to €12,910
- Staff costs -€25,006
down €25,006 (-21.4%), from €117,110 to €92,104
- Gross operating margin +€9,228
up €9,228 (+6.7%), from €138,571 to €147,799
- Taxes +€4,955
up €4,955 (+74.0%), from €6,700 to €11,655
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 | €92,658 | €139,418 | +€46,760 | +50.5% |
| Fixed assets | 21/28 | €4,644 | €5,487 | +€843 | +18.2% |
| Tangible fixed assets | 22/27 | €4,644 | €3,612 | -€1,032 | -22.2% |
| Land and buildings | 22 | €2,960 | €2,241 | -€719 | -24.3% |
| Plant, machinery and equipment | 23 | €1,545 | €878 | -€667 | -43.2% |
| Furniture and vehicles | 24 | €140 | €493 | +€353 | +253.3% |
| Financial fixed assets | 28 | - | €1,875 | +€1,875 | |
| Current assets | 29/58 | €88,014 | €133,931 | +€45,917 | +52.2% |
| Amounts receivable within one year | 40/41 | €73,960 | €124,117 | +€50,156 | +67.8% |
| Trade receivables | 40 | €59,929 | €110,796 | +€50,867 | +84.9% |
| Other amounts receivable | 41 | €14,031 | €13,321 | -€710 | -5.1% |
| Cash at bank and in hand | 54/58 | €12,484 | €8,975 | -€3,509 | -28.1% |
| Deferred charges and accrued income | 490/1 | €1,569 | €839 | -€730 | -46.5% |
| Total equity and liabilities | 10/49 | €92,658 | €139,418 | +€46,760 | +50.5% |
| Equity | 10/15 | €38,045 | €65,313 | +€27,269 | +71.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €11,740 | €59,313 | +€47,573 | +405.2% |
| Distributable reserves | 133 | €11,740 | €59,313 | +€47,573 | +405.2% |
| Profit (loss) carried forward | 14 | €20,304 | €0 | -€20,304 | -100.0% |
| Amounts payable | 17/49 | €54,613 | €74,104 | +€19,491 | +35.7% |
| Amounts payable within one year | 42/48 | €54,613 | €74,104 | +€19,491 | +35.7% |
| Trade debts | 44 | €8,983 | €32,743 | +€23,760 | +264.5% |
| Suppliers | 440/4 | €8,983 | €32,743 | +€23,760 | +264.5% |
| Taxes, remuneration and social security | 45 | €40,765 | €28,452 | -€12,314 | -30.2% |
| Taxes | 450/3 | €27,704 | €20,895 | -€6,809 | -24.6% |
| Remuneration and social security | 454/9 | €13,061 | €7,556 | -€5,505 | -42.1% |
| Other amounts payable | 47/48 | €4,865 | €12,910 | +€8,045 | +165.4% |
| Remuneration, social security and pensions | 62 | €117,110 | €92,104 | -€25,006 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,267 | €1,527 | +€260 | +20.5% |
| Other operating charges | 640/8 | €575 | €807 | +€232 | +40.3% |
| Non-recurring operating charges | 66A | - | €14,084 | +€14,084 | |
| Gross operating margin | 9900 | €138,571 | €147,799 | +€9,228 | +6.7% |
| Operating profit (loss) | 9901 | €19,618 | €39,276 | +€19,658 | +100.2% |
| Financial income | 75/76B | €0 | €177 | +€177 | +886400.0% |
| Recurring financial income | 75 | €0 | €177 | +€177 | +886400.0% |
| Financial charges | 65/66B | €1,179 | €530 | -€649 | -55.0% |
| Recurring financial charges | 65 | €1,179 | €530 | -€649 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €18,440 | €38,923 | +€20,484 | +111.1% |
| Income taxes | 67/77 | €6,700 | €11,655 | +€4,955 | +74.0% |
| Profit (loss) for the period | 9904 | €11,740 | €27,269 | +€15,528 | +132.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,740 | €27,269 | +€15,528 | +132.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.