GR-TECHNICS: what changed
Two fiscal 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.
What changed
GR-TECHNICS
NACE 28.990, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €2.7m-€1.4m
Equity
€2.9m
2024 · €2.6m+€289,626
Cash
€3,472
2024 · €911,804-€908,332
Balance sheet total
€4.4m
2024 · €6.3m-€1.9m
Largest movements
Assets
- Current investments -€1.3m
down €1.3m (-99.9%), from €1.3m to €769
- Cash -€908,332
down €908,332 (-99.6%), from €911,804 to €3,472
mainly Other debts (-€1.4m) and Contributions, distributions and other (-€1.0m)
- Receivables within one year +€398,702
up €398,702 (+28.2%), from €1.4m to €1.8m
of which Other amounts receivable: +€392,380
- Stocks and contracts -€104,216
down €104,216 (-4.9%), from €2.1m to €2.0m
of which Contracts in progress: -€88,552
Equity and liabilities
- Other debts -€1.4m
down €1.4m (-58.8%), from €2.5m to €1.0m
- Trade debts -€671,422
down €671,422 (-64.4%), from €1.0m to €371,932
- Profit (loss) carried forward +€289,626
up €289,626 (+18.7%), from €1.6m to €1.8m
Income statement
- Gross operating margin -€1.9m
down €1.9m (-39.2%), from €4.8m to €2.9m
- Taxes -€495,791
down €495,791 (-57.6%), from €861,156 to €365,365
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.
Result 2024
€2.7m
Gross operating margin
-€1.9m
Staff costs
-€21,449
Depreciation
-€14,749
Other operating charges
-€10,677
Other operating items
-€328
Financial income
+€4,745
Financial charges
-€4,215
Taxes
+€495,791
Result 2025
€1.3m
Cash bridge derived
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.
From operations
-€992,183
Investment
+€1.1m
Financing
-€999,890
Cash 2024
€911,804
From operations (derived)
-€992,183
Net result for the year
+€1.3m
Depreciation
+€168,670
Stocks and contracts
+€104,216
Receivables within one year
-€398,702
Deferred charges and accrued income
-€642
Trade debts
-€671,422
Tax, wage and social debts
-€45,304
Other debts
-€1.4m
Accrued charges and deferred income
+€4,470
Investment (derived)
+€1.1m
Investment in fixed assets (net)
-€216,259
Current investments
+€1.3m
Financing
-€999,890
Short-term financial debts
+€110
Contributions, distributions and other
-€1.0m
Cash 2025
€3,472
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,284,425 | €4,418,810 | -€1.9m | -29.7% |
| Fixed assets | 21/28 | €506,296 | €553,885 | +€47,589 | +9.4% |
| Intangible fixed assets | 21 | - | €31,157 | +€31,157 | |
| Tangible fixed assets | 22/27 | €506,046 | €522,478 | +€16,432 | +3.2% |
| Land and buildings | 22 | €163,398 | €131,902 | -€31,496 | -19.3% |
| Plant, machinery and equipment | 23 | €165,893 | €238,544 | +€72,651 | +43.8% |
| Furniture and vehicles | 24 | €70,866 | €41,406 | -€29,460 | -41.6% |
| Other tangible fixed assets | 26 | €105,890 | €110,626 | +€4,737 | +4.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €5,778,129 | €3,864,925 | -€1.9m | -33.1% |
| Stocks and contracts in progress | 3 | €2,132,568 | €2,028,352 | -€104,216 | -4.9% |
| Stocks | 30/36 | €2,044,017 | €2,028,352 | -€15,664 | -0.8% |
| Contracts in progress | 37 | €88,552 | - | -€88,552 | |
| Amounts receivable within one year | 40/41 | €1,412,020 | €1,810,721 | +€398,702 | +28.2% |
| Trade receivables | 40 | €1,244,042 | €1,250,364 | +€6,322 | +0.5% |
| Other amounts receivable | 41 | €167,978 | €560,358 | +€392,380 | +233.6% |
| Current investments | 50/53 | €1,300,769 | €769 | -€1.3m | -99.9% |
| Cash at bank and in hand | 54/58 | €911,804 | €3,472 | -€908,332 | -99.6% |
| Deferred charges and accrued income | 490/1 | €20,969 | €21,611 | +€642 | +3.1% |
| Total equity and liabilities | 10/49 | €6,284,425 | €4,418,810 | -€1.9m | -29.7% |
| Equity | 10/15 | €2,649,848 | €2,939,474 | +€289,626 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,080,744 | €1,080,744 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,584 | €2,584 | = | 0.0% |
| Distributable reserves | 133 | €1,078,160 | €1,078,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,550,504 | €1,840,130 | +€289,626 | +18.7% |
| Amounts payable | 17/49 | €3,634,578 | €1,479,337 | -€2.2m | -59.3% |
| Amounts payable within one year | 42/48 | €3,634,578 | €1,474,867 | -€2.2m | -59.4% |
| Financial debts | 43 | €706 | €815 | +€110 | +15.6% |
| Credit institutions | 430/8 | €706 | €815 | +€110 | +15.6% |
| Trade debts | 44 | €1,043,354 | €371,932 | -€671,422 | -64.4% |
| Suppliers | 440/4 | €1,043,354 | €371,932 | -€671,422 | -64.4% |
| Taxes, remuneration and social security | 45 | €135,156 | €89,852 | -€45,304 | -33.5% |
| Taxes | 450/3 | €61,159 | €6,716 | -€54,443 | -89.0% |
| Remuneration and social security | 454/9 | €73,997 | €83,136 | +€9,140 | +12.4% |
| Other amounts payable | 47/48 | €2,455,362 | €1,012,267 | -€1.4m | -58.8% |
| Accrued charges and deferred income | 492/3 | - | €4,470 | +€4,470 | |
| Non-recurring operating income | 76A | €8,625 | €6,077 | -€2,548 | -29.5% |
| Remuneration, social security and pensions | 62 | €1,026,558 | €1,048,007 | +€21,449 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,922 | €168,670 | +€14,749 | +9.6% |
| Other operating charges | 640/8 | €27,875 | €38,551 | +€10,677 | +38.3% |
| Non-recurring operating charges | 66A | - | €328 | +€328 | |
| Gross operating margin | 9900 | €4,768,272 | €2,899,722 | -€1.9m | -39.2% |
| Operating profit (loss) | 9901 | €3,559,918 | €1,644,165 | -€1.9m | -53.8% |
| Financial income | 75/76B | €25,130 | €29,875 | +€4,745 | +18.9% |
| Recurring financial income | 75 | €25,130 | €29,875 | +€4,745 | +18.9% |
| Financial charges | 65/66B | €14,834 | €19,049 | +€4,215 | +28.4% |
| Recurring financial charges | 65 | €14,834 | €19,049 | +€4,215 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €3,570,214 | €1,654,991 | -€1.9m | -53.6% |
| Income taxes | 67/77 | €861,156 | €365,365 | -€495,791 | -57.6% |
| Profit (loss) for the period | 9904 | €2,709,057 | €1,289,626 | -€1.4m | -52.4% |
| Transfer to tax-exempt reserves | 689 | €2,584 | - | -€2,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,706,473 | €1,289,626 | -€1.4m | -52.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.