PRIVATE EQUITY GROUP: 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.
PRIVATE EQUITY GROUP
Largest movements
- Cash -€22,192
down €22,192 (-29.1%), from €76,200 to €54,008
mainly Other debts (-€45,929) and Tax, wage and social debts (-€195)
- Other debts -€45,929
no longer reported in 2025 (was €45,929)
- Reserves +€23,933
up €23,933 (+47.4%), from €50,489 to €74,422
of which Distributable reserves: +€23,933
- Taxes -€1,552
down €1,552 (-13.7%), from €11,357 to €9,805
- Gross operating margin -€343
down €343 (-1.0%), from €34,245 to €33,902
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 | €181,057 | €158,865 | -€22,192 | -12.3% |
| Fixed assets | 21/28 | €104,857 | €104,857 | = | 0.0% |
| Tangible fixed assets | 22/27 | €104,857 | €104,857 | = | 0.0% |
| Land and buildings | 22 | €104,857 | €104,857 | = | 0.0% |
| Current assets | 29/58 | €76,200 | €54,008 | -€22,192 | -29.1% |
| Cash at bank and in hand | 54/58 | €76,200 | €54,008 | -€22,192 | -29.1% |
| Total equity and liabilities | 10/49 | €181,057 | €158,865 | -€22,192 | -12.3% |
| Equity | 10/15 | €111,989 | €135,922 | +€23,933 | +21.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €50,489 | €74,422 | +€23,933 | +47.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €44,339 | €68,272 | +€23,933 | +54.0% |
| Amounts payable | 17/49 | €69,068 | €22,943 | -€46,124 | -66.8% |
| Amounts payable within one year | 42/48 | €69,068 | €22,943 | -€46,124 | -66.8% |
| Taxes, remuneration and social security | 45 | €23,139 | €22,943 | -€195 | -0.8% |
| Taxes | 450/3 | €23,139 | €22,943 | -€195 | -0.8% |
| Other amounts payable | 47/48 | €45,929 | - | -€45,929 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €34,245 | €33,902 | -€343 | -1.0% |
| Operating profit (loss) | 9901 | €34,127 | €33,782 | -€345 | -1.0% |
| Financial charges | 65/66B | €77 | €45 | -€32 | -41.3% |
| Recurring financial charges | 65 | €77 | €45 | -€32 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €34,050 | €33,737 | -€313 | -0.9% |
| Income taxes | 67/77 | €11,357 | €9,805 | -€1,552 | -13.7% |
| Profit (loss) for the period | 9904 | €22,694 | €23,933 | +€1,239 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,694 | €23,933 | +€1,239 | +5.5% |
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.