GR.G.I.: 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.
What changed
GR.G.I.
NACE 56.111, Full-service restaurants
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€20,231
2023 · -€25,893+€46,125
Equity
€191,967
2023 · €171,736+€20,231
Cash
€275,097
2023 · €283,832-€8,735
Balance sheet total
€1.1m
2023 · €1.4m-€314,571
Largest movements
Assets
- Receivables within one year -€306,207
down €306,207 (-65.9%), from €464,662 to €158,455
of which Other amounts receivable: -€446,816
Equity and liabilities
- Debts after one year -€408,453
down €408,453 (-44.8%), from €912,049 to €503,595
- Other debts +€45,632
up €45,632 (+28.7%), from €158,774 to €204,406
- Tax, wage and social debts +€36,240
up €36,240 (+43.6%), from €83,112 to €119,352
of which Taxes: +€24,392
- Profit (loss) carried forward +€20,231
up €20,231 (+12.7%), from €158,876 to €179,107
Income statement
- Gross operating margin +€47,531
up €47,531 (+27.5%), from €172,588 to €220,119
- Staff costs +€12,992
up €12,992 (+13.2%), from €98,770 to €111,763
- Depreciation -€9,441
down €9,441 (-15.6%), from €60,631 to €51,190
- Taxes +€6,536
up €6,536 (+4,054%), from €161 to €6,697
From the 2023 result to the 2024 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.
Result 2023
-€25,893
Gross operating margin
+€47,531
Staff costs
-€12,992
Depreciation
+€9,441
Other operating charges
-€2,102
Other operating items
+€12,971
Financial income
-€10
Financial charges
-€2,179
Taxes
-€6,536
Result 2024
€20,231
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€450,726
Investment
-€52,636
Financing
-€406,825
Cash 2023
€283,832
From operations (derived)
+€450,726
Net result for the year
+€20,231
Depreciation
+€51,190
Receivables within one year
+€306,207
Deferred charges and accrued income
+€1,075
Trade debts
-€9,722
Tax, wage and social debts
+€36,240
Other debts
+€45,632
Accrued charges and deferred income
-€128
Investment (derived)
-€52,636
Investment in fixed assets (net)
-€52,636
Financing
-€406,825
Debts after one year
-€408,453
Current portion of long-term debt
+€1,629
Cash 2024
€275,097
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,449,430 | €1,134,858 | -€314,571 | -21.7% |
| Fixed assets | 21/28 | €696,623 | €698,069 | +€1,446 | +0.2% |
| Tangible fixed assets | 22/27 | €694,430 | €695,876 | +€1,446 | +0.2% |
| Land and buildings | 22 | €658,608 | €636,370 | -€22,238 | -3.4% |
| Plant, machinery and equipment | 23 | €10,608 | €6,722 | -€3,886 | -36.6% |
| Furniture and vehicles | 24 | €25,214 | €52,784 | +€27,570 | +109% |
| Financial fixed assets | 28 | €2,193 | €2,193 | = | 0.0% |
| Current assets | 29/58 | €752,807 | €436,789 | -€316,017 | -42.0% |
| Stocks and contracts in progress | 3 | €3,237 | €3,237 | = | 0.0% |
| Stocks | 30/36 | €3,237 | €3,237 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €464,662 | €158,455 | -€306,207 | -65.9% |
| Trade receivables | 40 | €16,981 | €157,590 | +€140,609 | +828% |
| Other amounts receivable | 41 | €447,682 | €865 | -€446,816 | -99.8% |
| Cash at bank and in hand | 54/58 | €283,832 | €275,097 | -€8,735 | -3.1% |
| Deferred charges and accrued income | 490/1 | €1,075 | - | -€1,075 | |
| Total equity and liabilities | 10/49 | €1,449,430 | €1,134,858 | -€314,571 | -21.7% |
| Equity | 10/15 | €171,736 | €191,967 | +€20,231 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,660 | €6,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,876 | €179,107 | +€20,231 | +12.7% |
| Amounts payable | 17/49 | €1,277,694 | €942,891 | -€334,803 | -26.2% |
| Amounts payable after more than one year | 17 | €912,049 | €503,595 | -€408,453 | -44.8% |
| Financial debts | 170/4 | €912,049 | €503,595 | -€408,453 | -44.8% |
| Amounts payable within one year | 42/48 | €365,087 | €438,866 | +€73,778 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €43,208 | €44,836 | +€1,629 | +3.8% |
| Trade debts | 44 | €79,994 | €70,272 | -€9,722 | -12.2% |
| Suppliers | 440/4 | €79,994 | €70,272 | -€9,722 | -12.2% |
| Taxes, remuneration and social security | 45 | €83,112 | €119,352 | +€36,240 | +43.6% |
| Taxes | 450/3 | €49,203 | €73,595 | +€24,392 | +49.6% |
| Remuneration and social security | 454/9 | €33,909 | €45,757 | +€11,848 | +34.9% |
| Other amounts payable | 47/48 | €158,774 | €204,406 | +€45,632 | +28.7% |
| Accrued charges and deferred income | 492/3 | €558 | €430 | -€128 | -22.9% |
| Remuneration, social security and pensions | 62 | €98,770 | €111,763 | +€12,992 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,631 | €51,190 | -€9,441 | -15.6% |
| Other operating charges | 640/8 | €4,776 | €6,878 | +€2,102 | +44.0% |
| Non-recurring operating charges | 66A | €13,495 | €524 | -€12,971 | -96.1% |
| Gross operating margin | 9900 | €172,588 | €220,119 | +€47,531 | +27.5% |
| Operating profit (loss) | 9901 | -€5,085 | €49,765 | +€54,850 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €20,657 | €22,836 | +€2,179 | +10.5% |
| Recurring financial charges | 65 | €20,657 | €22,836 | +€2,179 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,732 | €26,928 | +€52,660 | |
| Income taxes | 67/77 | €161 | €6,697 | +€6,536 | +4,054% |
| Profit (loss) for the period | 9904 | -€25,893 | €20,231 | +€46,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,893 | €20,231 | +€46,125 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.