Dr. G. DE GREVE.: 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.
Dr. G. DE GREVE.
Largest movements
- Current investments +€51,250
up €51,250 (+101%), from €50,900 to €102,150
- Cash +€43,942
up €43,942 (+45.9%), from €95,751 to €139,693
mainly Net result for the year (+€85,258) and Tax, wage and social debts (+€10,978)
- Tangible fixed assets +€2,748
up €2,748 (+135%), from €2,041 to €4,789
of which Furniture and vehicles: +€2,666
- Reserves +€85,258
up €85,258 (+78.3%), from €108,900 to €194,158
- Tax, wage and social debts +€10,978
up €10,978 (+35.5%), from €30,900 to €41,879
of which Taxes: +€11,012
- Contributions +€3,000
new in 2025: €3,000
- Gross operating margin +€38,034
up €38,034 (+50.2%), from €75,713 to €113,747
- Taxes +€8,921
up €8,921 (+58.0%), from €15,383 to €24,304
- Financial charges +€2,391
up €2,391 (+5,496%), from €44 to €2,434
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 | €149,319 | €246,676 | +€97,357 | +65.2% |
| Fixed assets | 21/28 | €2,041 | €4,789 | +€2,748 | +135% |
| Tangible fixed assets | 22/27 | €2,041 | €4,789 | +€2,748 | +135% |
| Plant, machinery and equipment | 23 | €2,041 | €2,124 | +€83 | +4.1% |
| Furniture and vehicles | 24 | - | €2,666 | +€2,666 | |
| Current assets | 29/58 | €147,278 | €241,886 | +€94,608 | +64.2% |
| Amounts receivable within one year | 40/41 | €254 | - | -€254 | |
| Trade receivables | 40 | €254 | - | -€254 | |
| Current investments | 50/53 | €50,900 | €102,150 | +€51,250 | +101% |
| Cash at bank and in hand | 54/58 | €95,751 | €139,693 | +€43,942 | +45.9% |
| Deferred charges and accrued income | 490/1 | €372 | €43 | -€330 | -88.5% |
| Total equity and liabilities | 10/49 | €149,319 | €246,676 | +€97,357 | +65.2% |
| Equity | 10/15 | €108,900 | €197,158 | +€88,258 | +81.0% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €108,900 | €194,158 | +€85,258 | +78.3% |
| Distributable reserves | 133 | €108,900 | €194,158 | +€85,258 | +78.3% |
| Amounts payable | 17/49 | €40,419 | €49,518 | +€9,099 | +22.5% |
| Amounts payable within one year | 42/48 | €40,419 | €49,518 | +€9,099 | +22.5% |
| Trade debts | 44 | €57 | €449 | +€392 | +686% |
| Suppliers | 440/4 | €57 | €449 | +€392 | +686% |
| Taxes, remuneration and social security | 45 | €30,900 | €41,879 | +€10,978 | +35.5% |
| Taxes | 450/3 | €28,625 | €39,637 | +€11,012 | +38.5% |
| Remuneration and social security | 454/9 | €2,275 | €2,242 | -€33 | -1.5% |
| Other amounts payable | 47/48 | €9,462 | €7,190 | -€2,272 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €1,071 | +€332 | +45.0% |
| Other operating charges | 640/8 | €167 | €846 | +€679 | +407% |
| Gross operating margin | 9900 | €75,713 | €113,747 | +€38,034 | +50.2% |
| Operating profit (loss) | 9901 | €74,808 | €111,830 | +€37,022 | +49.5% |
| Financial income | 75/76B | €1 | €166 | +€165 | +26,244% |
| Recurring financial income | 75 | €1 | €166 | +€165 | +26,244% |
| Financial charges | 65/66B | €44 | €2,434 | +€2,391 | +5,496% |
| Recurring financial charges | 65 | €44 | €2,434 | +€2,391 | +5,496% |
| Profit (loss) for the period before taxes | 9903 | €74,765 | €109,562 | +€34,796 | +46.5% |
| Income taxes | 67/77 | €15,383 | €24,304 | +€8,921 | +58.0% |
| Profit (loss) for the period | 9904 | €59,383 | €85,258 | +€25,875 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,383 | €85,258 | +€25,875 | +43.6% |
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 26 October 2026 via checked.be.