GR8 Estates: 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.
GR8 Estates
Largest movements
- Receivables within one year +€124,246
up €124,246 (+31.9%), from €390,081 to €514,327
of which Trade receivables: +€121,500
- Tangible fixed assets -€56,544
down €56,544 (-3.6%), from €1.6m to €1.5m
of which Land and buildings: -€54,900
- Debts after one year -€87,612
down €87,612 (-7.7%), from €1.1m to €1.0m
- Short-term financial debts +€75,086
up €75,086, from €0 to €75,086
- Other debts -€58,480
down €58,480 (-17.4%), from €335,770 to €277,290
- Tax, wage and social debts +€57,790
up €57,790 (+24.6%), from €235,009 to €292,798
of which Taxes: +€66,593
- Reserves +€44,494
up €44,494 (+45.2%), from €98,376 to €142,870
- Gross operating margin -€117,343
down €117,343 (-39.2%), from €299,599 to €182,256
- Staff costs -€62,756
down €62,756 (-80.5%), from €77,930 to €15,174
- Other operating charges +€11,939
up €11,939 (+204.3%), from €5,843 to €17,782
- Depreciation -€11,930
down €11,930 (-17.4%), from €68,473 to €56,544
- Taxes -€6,402
down €6,402 (-27.6%), from €23,188 to €16,786
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 | €1,953,133 | €2,020,370 | +€67,237 | +3.4% |
| Fixed assets | 21/28 | €1,562,089 | €1,505,546 | -€56,544 | -3.6% |
| Tangible fixed assets | 22/27 | €1,561,696 | €1,505,152 | -€56,544 | -3.6% |
| Land and buildings | 22 | €1,557,773 | €1,502,873 | -€54,900 | -3.5% |
| Plant, machinery and equipment | 23 | €3,923 | €2,279 | -€1,644 | -41.9% |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €391,043 | €514,824 | +€123,781 | +31.7% |
| Amounts receivable within one year | 40/41 | €390,081 | €514,327 | +€124,246 | +31.9% |
| Trade receivables | 40 | €390,000 | €511,500 | +€121,500 | +31.2% |
| Other amounts receivable | 41 | €81 | €2,827 | +€2,746 | +3401.4% |
| Cash at bank and in hand | 54/58 | €145 | €9 | -€136 | -93.9% |
| Deferred charges and accrued income | 490/1 | €817 | €489 | -€329 | -40.2% |
| Total equity and liabilities | 10/49 | €1,953,133 | €2,020,370 | +€67,237 | +3.4% |
| Equity | 10/15 | €116,976 | €161,470 | +€44,494 | +38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,376 | €142,870 | +€44,494 | +45.2% |
| Distributable reserves | 133 | €98,376 | €142,870 | +€44,494 | +45.2% |
| Amounts payable | 17/49 | €1,836,157 | €1,858,899 | +€22,743 | +1.2% |
| Amounts payable after more than one year | 17 | €1,131,572 | €1,043,960 | -€87,612 | -7.7% |
| Financial debts | 170/4 | €1,131,572 | €1,043,960 | -€87,612 | -7.7% |
| Amounts payable within one year | 42/48 | €702,962 | €814,939 | +€111,977 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €93,355 | €94,850 | +€1,495 | +1.6% |
| Financial debts | 43 | €0 | €75,086 | +€75,086 | |
| Credit institutions | 430/8 | €0 | €75,086 | +€75,086 | |
| Trade debts | 44 | €38,829 | €74,915 | +€36,086 | +92.9% |
| Suppliers | 440/4 | €38,829 | €74,915 | +€36,086 | +92.9% |
| Taxes, remuneration and social security | 45 | €235,009 | €292,798 | +€57,790 | +24.6% |
| Taxes | 450/3 | €138,730 | €205,323 | +€66,593 | +48.0% |
| Remuneration and social security | 454/9 | €96,279 | €87,476 | -€8,803 | -9.1% |
| Other amounts payable | 47/48 | €335,770 | €277,290 | -€58,480 | -17.4% |
| Accrued charges and deferred income | 492/3 | €1,623 | €0 | -€1,623 | -100.0% |
| Remuneration, social security and pensions | 62 | €77,930 | €15,174 | -€62,756 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,473 | €56,544 | -€11,930 | -17.4% |
| Other operating charges | 640/8 | €5,843 | €17,782 | +€11,939 | +204.3% |
| Gross operating margin | 9900 | €299,599 | €182,256 | -€117,343 | -39.2% |
| Operating profit (loss) | 9901 | €147,352 | €92,756 | -€54,596 | -37.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €37,263 | €31,475 | -€5,788 | -15.5% |
| Recurring financial charges | 65 | €37,263 | €31,475 | -€5,788 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €110,089 | €61,281 | -€48,808 | -44.3% |
| Income taxes | 67/77 | €23,188 | €16,786 | -€6,402 | -27.6% |
| Profit (loss) for the period | 9904 | €86,901 | €44,494 | -€42,406 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,901 | €44,494 | -€42,406 | -48.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.