BUREAU GRSM: 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.
BUREAU GRSM
Largest movements
- Cash +€47,350
up €47,350 (+6103.2%), from €776 to €48,126
mainly Net result for the year (+€55,135) and Tax, wage and social debts (+€16,133)
- Tangible fixed assets +€13,115
new in 2025: €13,115
of which Furniture and vehicles: +€12,232
- Receivables within one year +€10,888
up €10,888 (+1023.6%), from €1,064 to €11,952
of which Trade receivables: +€10,900
- Reserves +€54,096
new in 2025: €54,096
- Tax, wage and social debts +€16,133
new in 2025: €16,133
- Profit (loss) carried forward +€1,039
no longer reported in 2025 (was -€1,039)
- Trade debts +€1,032
new in 2025: €1,032
- Accrued charges and deferred income -€878
no longer reported in 2025 (was €878)
- Gross operating margin +€76,141
up €76,141, from -€1,039 to €75,102
- Taxes +€14,088
new in 2025: €14,088
- Depreciation +€5,666
new in 2025: €5,666
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 | €1,840 | €73,260 | +€71,421 | +3882.6% |
| Fixed assets | 21/28 | - | €13,115 | +€13,115 | |
| Tangible fixed assets | 22/27 | - | €13,115 | +€13,115 | |
| Plant, machinery and equipment | 23 | - | €883 | +€883 | |
| Furniture and vehicles | 24 | - | €12,232 | +€12,232 | |
| Current assets | 29/58 | €1,840 | €60,145 | +€58,306 | +3169.6% |
| Amounts receivable within one year | 40/41 | €1,064 | €11,952 | +€10,888 | +1023.6% |
| Trade receivables | 40 | €1,052 | €11,952 | +€10,900 | +1036.0% |
| Other amounts receivable | 41 | €12 | - | -€12 | |
| Cash at bank and in hand | 54/58 | €776 | €48,126 | +€47,350 | +6103.2% |
| Deferred charges and accrued income | 490/1 | - | €67 | +€67 | |
| Total equity and liabilities | 10/49 | €1,840 | €73,260 | +€71,421 | +3882.6% |
| Equity | 10/15 | €961 | €56,096 | +€55,135 | +5735.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €54,096 | +€54,096 | |
| Distributable reserves | 133 | - | €54,096 | +€54,096 | |
| Profit (loss) carried forward | 14 | -€1,039 | - | +€1,039 | |
| Amounts payable | 17/49 | €878 | €17,164 | +€16,286 | +1854.5% |
| Amounts payable within one year | 42/48 | - | €17,164 | +€17,164 | |
| Trade debts | 44 | - | €1,032 | +€1,032 | |
| Suppliers | 440/4 | - | €1,032 | +€1,032 | |
| Taxes, remuneration and social security | 45 | - | €16,133 | +€16,133 | |
| Taxes | 450/3 | - | €16,133 | +€16,133 | |
| Accrued charges and deferred income | 492/3 | €878 | - | -€878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,666 | +€5,666 | |
| Other operating charges | 640/8 | - | €175 | +€175 | |
| Gross operating margin | 9900 | -€1,039 | €75,102 | +€76,141 | |
| Operating profit (loss) | 9901 | -€1,039 | €69,262 | +€70,300 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €39 | +€39 | |
| Recurring financial charges | 65 | - | €39 | +€39 | |
| Profit (loss) for the period before taxes | 9903 | -€1,039 | €69,222 | +€70,261 | |
| Income taxes | 67/77 | - | €14,088 | +€14,088 | |
| Profit (loss) for the period | 9904 | -€1,039 | €55,135 | +€56,173 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,039 | €55,135 | +€56,173 |
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 9 October 2026 via checked.be.