GR SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year -€409,857
down €409,857 (-56.6%), from €723,975 to €314,118
of which Trade receivables: -€504,798
- Deferred charges and accrued income -€89,389
down €89,389 (-84.6%), from €105,655 to €16,265
- Cash -€78,849
down €78,849 (-21.7%), from €363,114 to €284,266
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Intangible fixed assets +€23,889
new in 2025: €23,889
- Reserves -€557,142
down €557,142 (-58.5%), from €951,728 to €394,586
- Other debts +€128,264
up €128,264 (+25415.5%), from €505 to €128,769
- Trade debts -€111,037
down €111,037 (-45.7%), from €242,866 to €131,829
- Tax, wage and social debts -€70,211
down €70,211 (-96.2%), from €73,014 to €2,802
of which Taxes: -€69,916
- Write-downs +€433,460
new in 2025: €433,460
- Gross operating margin +€408,201
up €408,201 (+194.5%), from €209,871 to €618,072
- Staff costs -€47,275
down €47,275 (-94.9%), from €49,817 to €2,542
- Taxes -€28,655
down €28,655 (-71.3%), from €40,163 to €11,508
- Depreciation +€20,383
up €20,383 (+482.2%), from €4,227 to €24,610
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,278,112 | €667,986 | -€610,126 | -47.7% |
| Fixed assets | 21/28 | €35,368 | €53,337 | +€17,969 | +50.8% |
| Intangible fixed assets | 21 | - | €23,889 | +€23,889 | |
| Tangible fixed assets | 22/27 | €29,368 | €23,448 | -€5,920 | -20.2% |
| Furniture and vehicles | 24 | €29,368 | €23,448 | -€5,920 | -20.2% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €1,242,744 | €614,649 | -€628,095 | -50.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €723,975 | €314,118 | -€409,857 | -56.6% |
| Trade receivables | 40 | €669,100 | €164,302 | -€504,798 | -75.4% |
| Other amounts receivable | 41 | €54,875 | €149,816 | +€94,941 | +173.0% |
| Cash at bank and in hand | 54/58 | €363,114 | €284,266 | -€78,849 | -21.7% |
| Deferred charges and accrued income | 490/1 | €105,655 | €16,265 | -€89,389 | -84.6% |
| Total equity and liabilities | 10/49 | €1,278,112 | €667,986 | -€610,126 | -47.7% |
| Equity | 10/15 | €961,728 | €404,586 | -€557,142 | -57.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €951,728 | €394,586 | -€557,142 | -58.5% |
| Distributable reserves | 133 | €951,728 | €394,586 | -€557,142 | -58.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €316,384 | €263,400 | -€52,984 | -16.7% |
| Amounts payable within one year | 42/48 | €316,384 | €263,400 | -€52,984 | -16.7% |
| Trade debts | 44 | €242,866 | €131,829 | -€111,037 | -45.7% |
| Suppliers | 440/4 | €242,866 | €131,829 | -€111,037 | -45.7% |
| Taxes, remuneration and social security | 45 | €73,014 | €2,802 | -€70,211 | -96.2% |
| Taxes | 450/3 | €72,719 | €2,802 | -€69,916 | -96.1% |
| Remuneration and social security | 454/9 | €295 | €0 | -€295 | -100.0% |
| Other amounts payable | 47/48 | €505 | €128,769 | +€128,264 | +25415.5% |
| Remuneration, social security and pensions | 62 | €49,817 | €2,542 | -€47,275 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,227 | €24,610 | +€20,383 | +482.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €433,460 | +€433,460 | |
| Other operating charges | 640/8 | €3,279 | €4,132 | +€853 | +26.0% |
| Gross operating margin | 9900 | €209,871 | €618,072 | +€408,201 | +194.5% |
| Operating profit (loss) | 9901 | €152,548 | €153,329 | +€780 | +0.5% |
| Financial income | 75/76B | €646 | €1,460 | +€814 | +126.1% |
| Recurring financial income | 75 | €646 | €1,460 | +€814 | +126.1% |
| Financial charges | 65/66B | €3,802 | €5,423 | +€1,620 | +42.6% |
| Recurring financial charges | 65 | €3,802 | €5,423 | +€1,620 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €149,392 | €149,366 | -€26 | 0.0% |
| Income taxes | 67/77 | €40,163 | €11,508 | -€28,655 | -71.3% |
| Profit (loss) for the period | 9904 | €109,229 | €137,858 | +€28,629 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,229 | €137,858 | +€28,629 | +26.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.