GR1N: 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.
GR1N
Largest movements
- Receivables after one year -€502,762
down €502,762 (-37.5%), from €1.3m to €838,635
- Cash -€151,267
down €151,267 (-49.9%), from €302,963 to €151,696
mainly Debts after one year (-€939,807) and Other debts (-€184,704)
- Receivables within one year +€118,150
up €118,150 (+651.0%), from €18,150 to €136,300
of which Other amounts receivable: +€100,000
- Debts after one year -€939,807
down €939,807 (-52.6%), from €1.8m to €847,363
- Profit (loss) carried forward +€623,527
up €623,527 (+51.2%), from €1.2m to €1.8m
- Other debts -€184,704
down €184,704 (-84.8%), from €217,805 to €33,102
- Accrued charges and deferred income -€53,616
no longer reported in 2025 (was €53,616)
- Gross operating margin -€152,691
down €152,691 (-38.4%), from €397,407 to €244,715
- Taxes -€28,562
down €28,562 (-31.9%), from €89,398 to €60,836
- Financial charges -€26,992
down €26,992 (-42.2%), from €63,920 to €36,928
- Financial income +€12,711
up €12,711 (+2.5%), from €518,298 to €531,009
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,503,620 | €2,975,368 | -€528,252 | -15.1% |
| Fixed assets | 21/28 | €1,772,284 | €1,772,084 | -€200 | 0.0% |
| Tangible fixed assets | 22/27 | €784 | €584 | -€200 | -25.5% |
| Furniture and vehicles | 24 | €784 | €584 | -€200 | -25.5% |
| Financial fixed assets | 28 | €1,771,500 | €1,771,500 | = | 0.0% |
| Current assets | 29/58 | €1,731,336 | €1,203,284 | -€528,052 | -30.5% |
| Amounts receivable after more than one year | 29 | €1,341,397 | €838,635 | -€502,762 | -37.5% |
| Other amounts receivable | 291 | €1,341,397 | €838,635 | -€502,762 | -37.5% |
| Amounts receivable within one year | 40/41 | €18,150 | €136,300 | +€118,150 | +651.0% |
| Trade receivables | 40 | €18,150 | €36,300 | +€18,150 | +100.0% |
| Other amounts receivable | 41 | - | €100,000 | +€100,000 | |
| Current investments | 50/53 | €53,000 | €76,406 | +€23,407 | +44.2% |
| Cash at bank and in hand | 54/58 | €302,963 | €151,696 | -€151,267 | -49.9% |
| Deferred charges and accrued income | 490/1 | €15,826 | €246 | -€15,580 | -98.4% |
| Total equity and liabilities | 10/49 | €3,503,620 | €2,975,368 | -€528,252 | -15.1% |
| Equity | 10/15 | €1,237,965 | €1,861,491 | +€623,527 | +50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,217,505 | €1,841,031 | +€623,527 | +51.2% |
| Amounts payable | 17/49 | €2,265,655 | €1,113,876 | -€1.2m | -50.8% |
| Amounts payable after more than one year | 17 | €1,787,170 | €847,363 | -€939,807 | -52.6% |
| Financial debts | 170/4 | €1,787,170 | €847,363 | -€939,807 | -52.6% |
| Amounts payable within one year | 42/48 | €424,869 | €266,514 | -€158,356 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €137,360 | €138,748 | +€1,388 | +1.0% |
| Trade debts | 44 | €19,228 | €19,623 | +€394 | +2.1% |
| Suppliers | 440/4 | €19,228 | €19,623 | +€394 | +2.1% |
| Taxes, remuneration and social security | 45 | €50,475 | €75,041 | +€24,566 | +48.7% |
| Taxes | 450/3 | €50,475 | €75,041 | +€24,566 | +48.7% |
| Other amounts payable | 47/48 | €217,805 | €33,102 | -€184,704 | -84.8% |
| Accrued charges and deferred income | 492/3 | €53,616 | - | -€53,616 | |
| Non-recurring operating income | 76A | €69,897 | - | -€69,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €1,253 | €1,293 | +€40 | +3.2% |
| Gross operating margin | 9900 | €397,407 | €244,715 | -€152,691 | -38.4% |
| Operating profit (loss) | 9901 | €395,954 | €243,223 | -€152,731 | -38.6% |
| Financial income | 75/76B | €518,298 | €531,009 | +€12,711 | +2.5% |
| Recurring financial income | 75 | €518,298 | €531,009 | +€12,711 | +2.5% |
| Financial charges | 65/66B | €63,920 | €36,928 | -€26,992 | -42.2% |
| Recurring financial charges | 65 | €63,920 | €36,928 | -€26,992 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €850,332 | €737,304 | -€113,028 | -13.3% |
| Income taxes | 67/77 | €89,398 | €60,836 | -€28,562 | -31.9% |
| Profit (loss) for the period | 9904 | €760,934 | €676,468 | -€84,466 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €760,934 | €676,468 | -€84,466 | -11.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.