GR PLUS: 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 PLUS
Largest movements
- Cash +€65,653
up €65,653 (+114%), from €57,490 to €123,143
mainly Net result for the year (+€91,316) and Depreciation (+€14,040)
- Stocks and contracts +€3,526
up €3,526 (+9.7%), from €36,382 to €39,908
- Deferred charges and accrued income +€2,648
up €2,648 (+29.7%), from €8,919 to €11,567
- Receivables within one year +€2,472
up €2,472 (+29.1%), from €8,495 to €10,967
of which Trade receivables: +€4,948
- Reserves +€91,316
up €91,316 (+132%), from €69,015 to €160,330
- Other debts -€14,842
down €14,842 (-35.2%), from €42,162 to €27,319
- Tax, wage and social debts +€10,987
up €10,987 (+74.0%), from €14,849 to €25,836
of which Taxes: +€13,992
- Trade debts -€10,725
down €10,725 (-91.7%), from €11,691 to €966
- Gross operating margin +€35,288
up €35,288 (+30.6%), from €115,331 to €150,619
- Taxes +€10,686
up €10,686 (+32.0%), from €33,444 to €44,130
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 | €142,717 | €219,452 | +€76,736 | +53.8% |
| Fixed assets | 21/28 | €31,431 | €33,868 | +€2,437 | +7.8% |
| Tangible fixed assets | 22/27 | €31,431 | €33,118 | +€1,687 | +5.4% |
| Plant, machinery and equipment | 23 | €23,331 | €22,189 | -€1,142 | -4.9% |
| Furniture and vehicles | 24 | €8,100 | €7,116 | -€984 | -12.1% |
| Other tangible fixed assets | 26 | - | €3,812 | +€3,812 | |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €111,286 | €185,584 | +€74,299 | +66.8% |
| Stocks and contracts in progress | 3 | €36,382 | €39,908 | +€3,526 | +9.7% |
| Stocks | 30/36 | €36,382 | €39,908 | +€3,526 | +9.7% |
| Amounts receivable within one year | 40/41 | €8,495 | €10,967 | +€2,472 | +29.1% |
| Trade receivables | 40 | €5,786 | €10,735 | +€4,948 | +85.5% |
| Other amounts receivable | 41 | €2,709 | €232 | -€2,476 | -91.4% |
| Cash at bank and in hand | 54/58 | €57,490 | €123,143 | +€65,653 | +114% |
| Deferred charges and accrued income | 490/1 | €8,919 | €11,567 | +€2,648 | +29.7% |
| Total equity and liabilities | 10/49 | €142,717 | €219,452 | +€76,736 | +53.8% |
| Equity | 10/15 | €74,015 | €165,330 | +€91,316 | +123% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,015 | €160,330 | +€91,316 | +132% |
| Distributable reserves | 133 | €69,015 | €160,330 | +€91,316 | +132% |
| Amounts payable | 17/49 | €68,702 | €54,122 | -€14,580 | -21.2% |
| Amounts payable within one year | 42/48 | €68,702 | €54,122 | -€14,580 | -21.2% |
| Trade debts | 44 | €11,691 | €966 | -€10,725 | -91.7% |
| Suppliers | 440/4 | €11,691 | €966 | -€10,725 | -91.7% |
| Taxes, remuneration and social security | 45 | €14,849 | €25,836 | +€10,987 | +74.0% |
| Taxes | 450/3 | €11,844 | €25,836 | +€13,992 | +118% |
| Remuneration and social security | 454/9 | €3,004 | €0 | -€3,004 | -100% |
| Other amounts payable | 47/48 | €42,162 | €27,319 | -€14,842 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,123 | €14,040 | +€918 | +7.0% |
| Other operating charges | 640/8 | €1,031 | €1,176 | +€145 | +14.0% |
| Gross operating margin | 9900 | €115,331 | €150,619 | +€35,288 | +30.6% |
| Operating profit (loss) | 9901 | €101,177 | €135,403 | +€34,226 | +33.8% |
| Financial income | 75/76B | €1,294 | €227 | -€1,067 | -82.4% |
| Recurring financial income | 75 | €1,294 | €227 | -€1,067 | -82.4% |
| Financial charges | 65/66B | €12 | €184 | +€172 | +1,395% |
| Recurring financial charges | 65 | €12 | €184 | +€172 | +1,395% |
| Profit (loss) for the period before taxes | 9903 | €102,458 | €135,446 | +€32,987 | +32.2% |
| Income taxes | 67/77 | €33,444 | €44,130 | +€10,686 | +32.0% |
| Profit (loss) for the period | 9904 | €69,015 | €91,316 | +€22,301 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,015 | €91,316 | +€22,301 | +32.3% |
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 13 October 2026 via checked.be.