GR MEHMI: 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 MEHMI
Largest movements
- Stocks and contracts -€17,980
down €17,980 (-89.9%), from €19,998 to €2,018
- Cash +€828
up €828 (+4.5%), from €18,335 to €19,163
mainly Stocks and contracts (+€17,980) and Depreciation (+€10,294)
- Tangible fixed assets -€806
down €806 (-3.1%), from €26,365 to €25,559
of which Furniture and vehicles: -€4,310
- Trade debts -€21,543
down €21,543 (-70.6%), from €30,515 to €8,971
- Profit (loss) carried forward +€8,676
up €8,676 (+18.4%), from -€47,129 to -€38,454
- Tax, wage and social debts -€8,091
down €8,091 (-31.9%), from €25,372 to €17,281
of which Remuneration and social security: -€7,200
- Other debts +€3,000
up €3,000 (+9.3%), from €32,110 to €35,110
- Gross operating margin +€8,845
up €8,845 (+10.0%), from €88,673 to €97,518
- Other operating charges -€2,987
down €2,987 (-30.9%), from €9,662 to €6,675
- Depreciation +€1,720
up €1,720 (+20.1%), from €8,574 to €10,294
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 | €64,748 | €46,790 | -€17,958 | -27.7% |
| Fixed assets | 21/28 | €26,416 | €25,609 | -€806 | -3.1% |
| Tangible fixed assets | 22/27 | €26,365 | €25,559 | -€806 | -3.1% |
| Plant, machinery and equipment | 23 | €3,520 | €7,024 | +€3,504 | +99.5% |
| Furniture and vehicles | 24 | €22,845 | €18,535 | -€4,310 | -18.9% |
| Financial fixed assets | 28 | €51 | €51 | = | 0.0% |
| Current assets | 29/58 | €38,333 | €21,180 | -€17,152 | -44.7% |
| Stocks and contracts in progress | 3 | €19,998 | €2,018 | -€17,980 | -89.9% |
| Stocks | 30/36 | €19,998 | €2,018 | -€17,980 | -89.9% |
| Cash at bank and in hand | 54/58 | €18,335 | €19,163 | +€828 | +4.5% |
| Total equity and liabilities | 10/49 | €64,748 | €46,790 | -€17,958 | -27.7% |
| Equity | 10/15 | -€26,669 | -€17,994 | +€8,676 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€47,129 | -€38,454 | +€8,676 | +18.4% |
| Amounts payable | 17/49 | €91,418 | €64,784 | -€26,634 | -29.1% |
| Amounts payable after more than one year | 17 | €3,421 | €3,421 | = | 0.0% |
| Financial debts | 170/4 | €3,421 | €3,421 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,997 | €61,363 | -€26,634 | -30.3% |
| Trade debts | 44 | €30,515 | €8,971 | -€21,543 | -70.6% |
| Suppliers | 440/4 | €30,515 | €8,971 | -€21,543 | -70.6% |
| Taxes, remuneration and social security | 45 | €25,372 | €17,281 | -€8,091 | -31.9% |
| Taxes | 450/3 | €13,434 | €12,544 | -€890 | -6.6% |
| Remuneration and social security | 454/9 | €11,938 | €4,737 | -€7,200 | -60.3% |
| Other amounts payable | 47/48 | €32,110 | €35,110 | +€3,000 | +9.3% |
| Remuneration, social security and pensions | 62 | €72,342 | €71,710 | -€632 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,574 | €10,294 | +€1,720 | +20.1% |
| Other operating charges | 640/8 | €9,662 | €6,675 | -€2,987 | -30.9% |
| Non-recurring operating charges | 66A | - | €14 | +€14 | |
| Gross operating margin | 9900 | €88,673 | €97,518 | +€8,845 | +10.0% |
| Operating profit (loss) | 9901 | -€1,905 | €8,826 | +€10,730 | |
| Financial charges | 65/66B | €252 | €150 | -€102 | -40.6% |
| Recurring financial charges | 65 | €252 | €150 | -€102 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,157 | €8,676 | +€10,833 | |
| Profit (loss) for the period | 9904 | -€2,157 | €8,676 | +€10,833 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,157 | €8,676 | +€10,833 |
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 21 October 2026 via checked.be.