GR.H: what changed
Two fiscal 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.H
Largest movements
- Receivables within one year +€24,400
up €24,400 (+138.2%), from €17,655 to €42,055
of which Other amounts receivable: +€18,480
- Cash +€13,025
up €13,025 (+18.7%), from €69,674 to €82,699
mainly Net result for the year (+€38,272) and Tax, wage and social debts (+€6,199)
- Tangible fixed assets +€9,677
up €9,677 (+425.8%), from €2,273 to €11,950
of which Furniture and vehicles: +€5,536
- Deferred charges and accrued income +€1,573
up €1,573 (+1234.3%), from €127 to €1,700
- Reserves +€38,272
up €38,272 (+56.7%), from €67,537 to €105,810
- Tax, wage and social debts +€6,199
up €6,199 (+37.3%), from €16,616 to €22,816
- Trade debts +€5,104
up €5,104 (+400.1%), from €1,276 to €6,379
- Gross operating margin -€7,756
down €7,756 (-12.6%), from €61,707 to €53,951
- Financial charges +€2,819
up €2,819 (+7886.2%), from €36 to €2,855
- Taxes -€2,406
down €2,406 (-18.7%), from €12,847 to €10,441
- Depreciation +€1,657
up €1,657 (+471.0%), from €352 to €2,009
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 | €89,729 | €138,405 | +€48,675 | +54.2% |
| Fixed assets | 21/28 | €2,273 | €11,950 | +€9,677 | +425.8% |
| Tangible fixed assets | 22/27 | €2,273 | €11,950 | +€9,677 | +425.8% |
| Plant, machinery and equipment | 23 | €1,712 | €3,061 | +€1,348 | +78.8% |
| Furniture and vehicles | 24 | €561 | €6,097 | +€5,536 | +986.9% |
| Other tangible fixed assets | 26 | - | €2,793 | +€2,793 | |
| Current assets | 29/58 | €87,456 | €126,454 | +€38,998 | +44.6% |
| Amounts receivable within one year | 40/41 | €17,655 | €42,055 | +€24,400 | +138.2% |
| Trade receivables | 40 | €17,655 | €23,575 | +€5,920 | +33.5% |
| Other amounts receivable | 41 | - | €18,480 | +€18,480 | |
| Cash at bank and in hand | 54/58 | €69,674 | €82,699 | +€13,025 | +18.7% |
| Deferred charges and accrued income | 490/1 | €127 | €1,700 | +€1,573 | +1234.3% |
| Total equity and liabilities | 10/49 | €89,729 | €138,405 | +€48,675 | +54.2% |
| Equity | 10/15 | €70,537 | €108,810 | +€38,272 | +54.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,537 | €105,810 | +€38,272 | +56.7% |
| Distributable reserves | 133 | €67,537 | €105,810 | +€38,272 | +56.7% |
| Amounts payable | 17/49 | €19,192 | €29,595 | +€10,403 | +54.2% |
| Amounts payable within one year | 42/48 | €19,192 | €29,195 | +€10,003 | +52.1% |
| Trade debts | 44 | €1,276 | €6,379 | +€5,104 | +400.1% |
| Suppliers | 440/4 | €1,276 | €6,379 | +€5,104 | +400.1% |
| Taxes, remuneration and social security | 45 | €16,616 | €22,816 | +€6,199 | +37.3% |
| Taxes | 450/3 | €16,616 | €22,816 | +€6,199 | +37.3% |
| Other amounts payable | 47/48 | €1,300 | - | -€1,300 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | - | €389 | +€389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352 | €2,009 | +€1,657 | +471.0% |
| Other operating charges | 640/8 | - | €499 | +€499 | |
| Gross operating margin | 9900 | €61,707 | €53,951 | -€7,756 | -12.6% |
| Operating profit (loss) | 9901 | €61,355 | €51,053 | -€10,302 | -16.8% |
| Financial income | 75/76B | €450 | €515 | +€65 | +14.4% |
| Recurring financial income | 75 | €450 | €515 | +€65 | +14.4% |
| Financial charges | 65/66B | €36 | €2,855 | +€2,819 | +7886.2% |
| Recurring financial charges | 65 | €36 | €2,855 | +€2,819 | +7886.2% |
| Profit (loss) for the period before taxes | 9903 | €61,769 | €48,713 | -€13,056 | -21.1% |
| Income taxes | 67/77 | €12,847 | €10,441 | -€2,406 | -18.7% |
| Profit (loss) for the period | 9904 | €48,922 | €38,272 | -€10,650 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,922 | €38,272 | -€10,650 | -21.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.