EL GRECO: 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.
EL GRECO
Largest movements
- Cash -€29,863
down €29,863 (-20.8%), from €143,775 to €113,912
mainly Contributions, distributions and other (-€71,429) and Tax, wage and social debts (-€11,237)
- Receivables within one year +€5,395
up €5,395 (+4.4%), from €121,259 to €126,653
of which Other amounts receivable: +€5,303
- Tangible fixed assets -€4,858
down €4,858 (-2.7%), from €180,527 to €175,669
of which Land and buildings: -€4,772
- Profit (loss) carried forward -€64,976
down €64,976 (-30.6%), from €212,195 to €147,219
- Other debts +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€11,237
down €11,237 (-32.0%), from €35,064 to €23,827
- Accrued charges and deferred income -€5,488
down €5,488 (-100%), from €5,488 to €0
- Taxes -€32,666
down €32,666 (-93.2%), from €35,064 to €2,398
- Financial charges -€1,828
down €1,828 (-86.2%), from €2,121 to €292
- Gross operating margin +€458
up €458 (+5.9%), from €7,826 to €8,284
- Other operating charges -€280
down €280 (-28.5%), from €982 to €701
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 | €445,560 | €416,234 | -€29,326 | -6.6% |
| Fixed assets | 21/28 | €180,527 | €175,669 | -€4,858 | -2.7% |
| Tangible fixed assets | 22/27 | €180,527 | €175,669 | -€4,858 | -2.7% |
| Land and buildings | 22 | €130,482 | €125,710 | -€4,772 | -3.7% |
| Plant, machinery and equipment | 23 | €49,680 | €49,694 | +€14 | 0.0% |
| Furniture and vehicles | 24 | €366 | €266 | -€100 | -27.3% |
| Current assets | 29/58 | €265,033 | €240,565 | -€24,468 | -9.2% |
| Amounts receivable within one year | 40/41 | €121,259 | €126,653 | +€5,395 | +4.4% |
| Trade receivables | 40 | - | €91 | +€91 | |
| Other amounts receivable | 41 | €121,259 | €126,562 | +€5,303 | +4.4% |
| Cash at bank and in hand | 54/58 | €143,775 | €113,912 | -€29,863 | -20.8% |
| Total equity and liabilities | 10/49 | €445,560 | €416,234 | -€29,326 | -6.6% |
| Equity | 10/15 | €405,008 | €340,032 | -€64,976 | -16.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €130,813 | €130,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,863 | €0 | -€7,863 | -100% |
| Distributable reserves | 133 | €116,750 | €124,613 | +€7,863 | +6.7% |
| Profit (loss) carried forward | 14 | €212,195 | €147,219 | -€64,976 | -30.6% |
| Amounts payable | 17/49 | €40,552 | €76,202 | +€35,650 | +87.9% |
| Amounts payable within one year | 42/48 | €35,064 | €76,202 | +€41,138 | +117% |
| Trade debts | 44 | - | €2,376 | +€2,376 | |
| Suppliers | 440/4 | - | €2,376 | +€2,376 | |
| Taxes, remuneration and social security | 45 | €35,064 | €23,827 | -€11,237 | -32.0% |
| Taxes | 450/3 | €35,064 | €23,827 | -€11,237 | -32.0% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €5,488 | €0 | -€5,488 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,314 | €5,357 | +€43 | +0.8% |
| Other operating charges | 640/8 | €982 | €701 | -€280 | -28.5% |
| Non-recurring operating charges | 66A | €11,381 | €0 | -€11,381 | -100% |
| Gross operating margin | 9900 | €7,826 | €8,284 | +€458 | +5.9% |
| Operating profit (loss) | 9901 | -€9,851 | €2,226 | +€12,077 | |
| Financial income | 75/76B | €6,978 | €6,917 | -€60 | -0.9% |
| Recurring financial income | 75 | €6,978 | €6,917 | -€60 | -0.9% |
| Financial charges | 65/66B | €2,121 | €292 | -€1,828 | -86.2% |
| Recurring financial charges | 65 | €2,121 | €292 | -€1,828 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,994 | €8,851 | +€13,844 | |
| Transfer from deferred taxes | 780 | €23,093 | €0 | -€23,093 | -100% |
| Income taxes | 67/77 | €35,064 | €2,398 | -€32,666 | -93.2% |
| Profit (loss) for the period | 9904 | -€16,965 | €6,453 | +€23,417 | |
| Transfer from tax-exempt reserves | 789 | €90,108 | €0 | -€90,108 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €73,143 | €6,453 | -€66,690 | -91.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.