STEFAN DEGROOTE: 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.
STEFAN DEGROOTE
Largest movements
- Current investments +€100,855
up €100,855 (+48.4%), from €208,163 to €309,018
- Cash -€9,661
down €9,661 (-2.5%), from €387,936 to €378,275
mainly Contributions, distributions and other (-€101,991) and Current investments (-€100,855)
- Other debts +€101,442
up €101,442 (+14,059%), from €722 to €102,164
- Tax, wage and social debts -€18,589
down €18,589 (-36.5%), from €50,860 to €32,272
of which Taxes: -€15,939
- Gross operating margin -€35,106
down €35,106 (-18.6%), from €188,522 to €153,416
- Taxes -€10,609
down €10,609 (-19.0%), from €55,769 to €45,160
- Depreciation -€6,531
down €6,531 (-89.6%), from €7,288 to €757
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,973 | €715,307 | +€90,335 | +14.5% |
| Fixed assets | 21/28 | €2,265 | €1,508 | -€757 | -33.4% |
| Tangible fixed assets | 22/27 | €2,265 | €1,508 | -€757 | -33.4% |
| Plant, machinery and equipment | 23 | €333 | €0 | -€333 | -100% |
| Furniture and vehicles | 24 | €1,932 | €1,508 | -€424 | -21.9% |
| Current assets | 29/58 | €622,708 | €713,799 | +€91,092 | +14.6% |
| Amounts receivable within one year | 40/41 | €24,422 | €24,200 | -€222 | -0.9% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €222 | €0 | -€222 | -100% |
| Current investments | 50/53 | €208,163 | €309,018 | +€100,855 | +48.4% |
| Cash at bank and in hand | 54/58 | €387,936 | €378,275 | -€9,661 | -2.5% |
| Deferred charges and accrued income | 490/1 | €2,187 | €2,306 | +€120 | +5.5% |
| Total equity and liabilities | 10/49 | €624,973 | €715,307 | +€90,335 | +14.5% |
| Equity | 10/15 | €571,823 | €577,601 | +€5,778 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €559,423 | €565,201 | +€5,778 | +1.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €557,568 | €563,346 | +€5,778 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,150 | €137,706 | +€84,557 | +159% |
| Amounts payable within one year | 42/48 | €52,921 | €137,661 | +€84,740 | +160% |
| Trade debts | 44 | €1,339 | €3,226 | +€1,886 | +141% |
| Suppliers | 440/4 | €1,339 | €3,226 | +€1,886 | +141% |
| Taxes, remuneration and social security | 45 | €50,860 | €32,272 | -€18,589 | -36.5% |
| Taxes | 450/3 | €48,210 | €32,272 | -€15,939 | -33.1% |
| Remuneration and social security | 454/9 | €2,650 | €0 | -€2,650 | -100% |
| Other amounts payable | 47/48 | €722 | €102,164 | +€101,442 | +14,059% |
| Accrued charges and deferred income | 492/3 | €229 | €45 | -€183 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,288 | €757 | -€6,531 | -89.6% |
| Other operating charges | 640/8 | €762 | €982 | +€220 | +28.9% |
| Gross operating margin | 9900 | €188,522 | €153,416 | -€35,106 | -18.6% |
| Operating profit (loss) | 9901 | €180,472 | €151,677 | -€28,795 | -16.0% |
| Financial income | 75/76B | €1,927 | €1,160 | -€766 | -39.8% |
| Recurring financial income | 75 | €1,927 | €1,160 | -€766 | -39.8% |
| Financial charges | 65/66B | €495 | -€91 | -€587 | |
| Recurring financial charges | 65 | €495 | -€91 | -€587 | |
| Profit (loss) for the period before taxes | 9903 | €181,903 | €152,929 | -€28,974 | -15.9% |
| Income taxes | 67/77 | €55,769 | €45,160 | -€10,609 | -19.0% |
| Profit (loss) for the period | 9904 | €126,135 | €107,769 | -€18,365 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €126,135 | €107,769 | -€18,365 | -14.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.