GR GROUP: 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.
GR GROUP
Largest movements
- Receivables within one year +€40,310
up €40,310 (+43.0%), from €93,645 to €133,955
of which Trade receivables: +€63,586
- Tangible fixed assets +€14,447
up €14,447 (+157%), from €9,224 to €23,671
- Cash -€8,817
down €8,817 (-74.8%), from €11,789 to €2,972
mainly Receivables within one year (-€40,310) and Investment in fixed assets (net) (-€22,865)
- Financial fixed assets +€3,340
new in 2024: €3,340
- Trade debts +€31,257
up €31,257 (+522%), from €5,988 to €37,245
- Tax, wage and social debts +€25,164
up €25,164 (+126%), from €19,931 to €45,095
of which Remuneration and social security: +€13,483
- Other debts -€5,276
no longer reported in 2024 (was €5,276)
- Profit (loss) carried forward -€1,659
down €1,659 (-2.0%), from €81,463 to €79,804
- Gross operating margin +€33,814
up €33,814 (+44.2%), from €76,420 to €110,234
- Staff costs +€32,986
up €32,986 (+97.5%), from €33,822 to €66,808
- Other operating charges +€9,763
new in 2024: €9,763
- Taxes +€6,591
up €6,591 (+30.6%), from €21,506 to €28,097
- Depreciation +€3,393
up €3,393 (+201%), from €1,685 to €5,078
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,658 | €164,144 | +€49,486 | +43.2% |
| Fixed assets | 21/28 | €9,224 | €27,011 | +€17,787 | +193% |
| Tangible fixed assets | 22/27 | €9,224 | €23,671 | +€14,447 | +157% |
| Furniture and vehicles | 24 | €9,224 | €23,671 | +€14,447 | +157% |
| Financial fixed assets | 28 | - | €3,340 | +€3,340 | |
| Current assets | 29/58 | €105,434 | €137,132 | +€31,698 | +30.1% |
| Amounts receivable within one year | 40/41 | €93,645 | €133,955 | +€40,310 | +43.0% |
| Trade receivables | 40 | €41,560 | €105,146 | +€63,586 | +153% |
| Other amounts receivable | 41 | €52,085 | €28,809 | -€23,276 | -44.7% |
| Cash at bank and in hand | 54/58 | €11,789 | €2,972 | -€8,817 | -74.8% |
| Deferred charges and accrued income | 490/1 | - | €206 | +€206 | |
| Total equity and liabilities | 10/49 | €114,658 | €164,144 | +€49,486 | +43.2% |
| Equity | 10/15 | €83,463 | €81,804 | -€1,659 | -2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,463 | €79,804 | -€1,659 | -2.0% |
| Amounts payable | 17/49 | €31,195 | €82,340 | +€51,145 | +164% |
| Amounts payable within one year | 42/48 | €31,195 | €82,340 | +€51,145 | +164% |
| Trade debts | 44 | €5,988 | €37,245 | +€31,257 | +522% |
| Suppliers | 440/4 | €5,988 | €37,245 | +€31,257 | +522% |
| Taxes, remuneration and social security | 45 | €19,931 | €45,095 | +€25,164 | +126% |
| Taxes | 450/3 | €18,144 | €29,825 | +€11,681 | +64.4% |
| Remuneration and social security | 454/9 | €1,787 | €15,270 | +€13,483 | +754% |
| Other amounts payable | 47/48 | €5,276 | - | -€5,276 | |
| Non-recurring operating income | 76A | €5,490 | - | -€5,490 | |
| Remuneration, social security and pensions | 62 | €33,822 | €66,808 | +€32,986 | +97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,685 | €5,078 | +€3,393 | +201% |
| Other operating charges | 640/8 | - | €9,763 | +€9,763 | |
| Non-recurring operating charges | 66A | €9,000 | - | -€9,000 | |
| Gross operating margin | 9900 | €76,420 | €110,234 | +€33,814 | +44.2% |
| Operating profit (loss) | 9901 | €31,913 | €28,585 | -€3,328 | -10.4% |
| Financial income | 75/76B | €43 | €1,288 | +€1,245 | +2,896% |
| Recurring financial income | 75 | €43 | €1,288 | +€1,245 | +2,896% |
| Financial charges | 65/66B | €48 | €3,435 | +€3,387 | +7,057% |
| Recurring financial charges | 65 | €48 | €3,435 | +€3,387 | +7,057% |
| Profit (loss) for the period before taxes | 9903 | €31,908 | €26,438 | -€5,470 | -17.1% |
| Income taxes | 67/77 | €21,506 | €28,097 | +€6,591 | +30.6% |
| Profit (loss) for the period | 9904 | €10,402 | -€1,660 | -€12,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,402 | -€1,660 | -€12,062 |
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 18 October 2026 via checked.be.