GR NET: 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 NET
Largest movements
- Receivables within one year -€66,110
down €66,110 (-88.8%), from €74,446 to €8,336
of which Trade receivables: -€55,903
- Cash +€18,275
up €18,275 (+329%), from €5,555 to €23,831
mainly Receivables within one year (+€66,110)
- Trade debts -€41,458
no longer reported in 2025 (was €41,458)
- Tax, wage and social debts -€6,295
down €6,295 (-68.8%), from €9,153 to €2,858
of which Remuneration and social security: -€8,197
- Other operating charges +€6,333
up €6,333 (+1,406%), from €450 to €6,783
- Gross operating margin +€5,812
up €5,812 (+112%), from €5,207 to €11,019
- Financial charges +€1,450
up €1,450 (+150%), from €964 to €2,414
- Taxes -€1,186
down €1,186 (-38.4%), from €3,089 to €1,903
- Financial income -€917
no longer reported in 2025 (was €917)
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 | €80,002 | €32,167 | -€47,835 | -59.8% |
| Current assets | 29/58 | €80,002 | €32,167 | -€47,835 | -59.8% |
| Amounts receivable within one year | 40/41 | €74,446 | €8,336 | -€66,110 | -88.8% |
| Trade receivables | 40 | €58,341 | €2,438 | -€55,903 | -95.8% |
| Other amounts receivable | 41 | €16,106 | €5,898 | -€10,207 | -63.4% |
| Cash at bank and in hand | 54/58 | €5,555 | €23,831 | +€18,275 | +329% |
| Total equity and liabilities | 10/49 | €80,002 | €32,167 | -€47,835 | -59.8% |
| Equity | 10/15 | €29,391 | €29,309 | -€82 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,191 | €23,109 | -€82 | -0.4% |
| Amounts payable | 17/49 | €50,611 | €2,858 | -€47,753 | -94.4% |
| Amounts payable within one year | 42/48 | €50,611 | €2,858 | -€47,753 | -94.4% |
| Trade debts | 44 | €41,458 | - | -€41,458 | |
| Suppliers | 440/4 | €41,458 | - | -€41,458 | |
| Taxes, remuneration and social security | 45 | €9,153 | €2,858 | -€6,295 | -68.8% |
| Taxes | 450/3 | €955 | €2,858 | +€1,903 | +199% |
| Remuneration and social security | 454/9 | €8,197 | - | -€8,197 | |
| Non-recurring operating income | 76A | - | €6,164 | +€6,164 | |
| Other operating charges | 640/8 | €450 | €6,783 | +€6,333 | +1,406% |
| Gross operating margin | 9900 | €5,207 | €11,019 | +€5,812 | +112% |
| Operating profit (loss) | 9901 | €4,756 | €4,235 | -€521 | -11.0% |
| Financial income | 75/76B | €917 | - | -€917 | |
| Recurring financial income | 75 | €917 | - | -€917 | |
| Financial charges | 65/66B | €964 | €2,414 | +€1,450 | +150% |
| Recurring financial charges | 65 | €964 | €2,414 | +€1,450 | +150% |
| Profit (loss) for the period before taxes | 9903 | €4,709 | €1,821 | -€2,888 | -61.3% |
| Income taxes | 67/77 | €3,089 | €1,903 | -€1,186 | -38.4% |
| Profit (loss) for the period | 9904 | €1,620 | -€82 | -€1,702 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,620 | -€82 | -€1,702 |
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 25 October 2026 via checked.be.