GR&JJ: 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&JJ
Largest movements
- Tangible fixed assets -€15,466
down €15,466 (-44.3%), from €34,909 to €19,444
of which Furniture and vehicles: -€12,476
- Cash -€11,587
down €11,587 (-44.0%), from €26,350 to €14,763
mainly Contributions, distributions and other (-€10,812) and Receivables within one year (-€10,599)
- Receivables within one year +€10,599
up €10,599 (+132%), from €8,053 to €18,652
of which Trade receivables: +€10,285
- Debts after one year -€5,211
down €5,211 (-66.0%), from €7,901 to €2,690
- Other debts -€4,299
down €4,299 (-17.1%), from €25,140 to €20,841
- Profit (loss) carried forward -€3,590
no longer reported in 2025 (was €3,590)
- Trade debts -€2,456
down €2,456 (-81.3%), from €3,022 to €567
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin -€10,666
down €10,666 (-30.3%), from €35,233 to €24,567
- Depreciation -€1,024
down €1,024 (-6.2%), from €16,490 to €15,466
- Financial charges -€855
down €855 (-58.7%), from €1,458 to €602
- Taxes -€816
down €816 (-25.9%), from €3,148 to €2,332
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 | €69,312 | €52,955 | -€16,356 | -23.6% |
| Fixed assets | 21/28 | €34,909 | €19,444 | -€15,466 | -44.3% |
| Tangible fixed assets | 22/27 | €34,909 | €19,444 | -€15,466 | -44.3% |
| Land and buildings | 22 | €16,518 | €13,706 | -€2,812 | -17.0% |
| Plant, machinery and equipment | 23 | €1,600 | €1,422 | -€178 | -11.1% |
| Furniture and vehicles | 24 | €16,791 | €4,315 | -€12,476 | -74.3% |
| Current assets | 29/58 | €34,403 | €33,512 | -€891 | -2.6% |
| Amounts receivable within one year | 40/41 | €8,053 | €18,652 | +€10,599 | +132% |
| Trade receivables | 40 | €8,053 | €18,338 | +€10,285 | +128% |
| Other amounts receivable | 41 | - | €314 | +€314 | |
| Cash at bank and in hand | 54/58 | €26,350 | €14,763 | -€11,587 | -44.0% |
| Deferred charges and accrued income | 490/1 | - | €97 | +€97 | |
| Total equity and liabilities | 10/49 | €69,312 | €52,955 | -€16,356 | -23.6% |
| Equity | 10/15 | €24,050 | €18,600 | -€5,450 | -22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €3,590 | - | -€3,590 | |
| Amounts payable | 17/49 | €45,262 | €34,355 | -€10,907 | -24.1% |
| Amounts payable after more than one year | 17 | €7,901 | €2,690 | -€5,211 | -66.0% |
| Financial debts | 170/4 | €7,901 | €2,690 | -€5,211 | -66.0% |
| Amounts payable within one year | 42/48 | €37,361 | €31,666 | -€5,695 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €4,994 | €5,211 | +€217 | +4.3% |
| Trade debts | 44 | €3,022 | €567 | -€2,456 | -81.3% |
| Suppliers | 440/4 | €3,022 | €567 | -€2,456 | -81.3% |
| Taxes, remuneration and social security | 45 | €4,205 | €5,047 | +€842 | +20.0% |
| Taxes | 450/3 | €4,205 | €5,047 | +€842 | +20.0% |
| Other amounts payable | 47/48 | €25,140 | €20,841 | -€4,299 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,490 | €15,466 | -€1,024 | -6.2% |
| Other operating charges | 640/8 | €1,026 | €804 | -€222 | -21.6% |
| Gross operating margin | 9900 | €35,233 | €24,567 | -€10,666 | -30.3% |
| Operating profit (loss) | 9901 | €17,717 | €8,297 | -€9,420 | -53.2% |
| Financial charges | 65/66B | €1,458 | €602 | -€855 | -58.7% |
| Recurring financial charges | 65 | €1,458 | €602 | -€855 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €16,260 | €7,695 | -€8,565 | -52.7% |
| Income taxes | 67/77 | €3,148 | €2,332 | -€816 | -25.9% |
| Profit (loss) for the period | 9904 | €13,112 | €5,363 | -€7,749 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,112 | €5,363 | -€7,749 | -59.1% |
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 16 October 2026 via checked.be.