GRACE FLEET: 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.
GRACE FLEET
Largest movements
- Receivables within one year +€27,297
up €27,297 (+3802.5%), from €718 to €28,015
of which Trade receivables: +€27,245
- Cash -€12,318
down €12,318 (-38.3%), from €32,160 to €19,842
mainly Receivables within one year (-€27,297)
- Profit (loss) carried forward +€6,671
up €6,671 (+17.8%), from -€37,493 to -€30,822
- Tax, wage and social debts +€4,140
up €4,140 (+25.0%), from €16,567 to €20,707
of which Remuneration and social security: +€4,140
- Trade debts +€4,120
up €4,120 (+335.0%), from €1,230 to €5,350
- Gross operating margin +€11,159
up €11,159 (+14.0%), from €79,751 to €90,910
- Staff costs +€2,619
up €2,619 (+3.3%), from €78,282 to €80,901
- Financial charges -€1,059
down €1,059 (-24.0%), from €4,412 to €3,352
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 | €33,078 | €48,057 | +€14,979 | +45.3% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €32,878 | €47,857 | +€14,979 | +45.6% |
| Amounts receivable within one year | 40/41 | €718 | €28,015 | +€27,297 | +3802.5% |
| Trade receivables | 40 | - | €27,245 | +€27,245 | |
| Other amounts receivable | 41 | €718 | €770 | +€52 | +7.3% |
| Cash at bank and in hand | 54/58 | €32,160 | €19,842 | -€12,318 | -38.3% |
| Total equity and liabilities | 10/49 | €33,078 | €48,057 | +€14,979 | +45.3% |
| Equity | 10/15 | €12,507 | €19,178 | +€6,671 | +53.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,493 | -€30,822 | +€6,671 | +17.8% |
| Amounts payable | 17/49 | €20,571 | €28,879 | +€8,308 | +40.4% |
| Amounts payable within one year | 42/48 | €20,571 | €28,879 | +€8,308 | +40.4% |
| Trade debts | 44 | €1,230 | €5,350 | +€4,120 | +335.0% |
| Suppliers | 440/4 | €1,230 | €5,350 | +€4,120 | +335.0% |
| Taxes, remuneration and social security | 45 | €16,567 | €20,707 | +€4,140 | +25.0% |
| Taxes | 450/3 | €1,479 | €1,479 | = | 0.0% |
| Remuneration and social security | 454/9 | €15,088 | €19,228 | +€4,140 | +27.4% |
| Other amounts payable | 47/48 | €2,775 | €2,822 | +€47 | +1.7% |
| Remuneration, social security and pensions | 62 | €78,282 | €80,901 | +€2,619 | +3.3% |
| Other operating charges | 640/8 | €199 | - | -€199 | |
| Gross operating margin | 9900 | €79,751 | €90,910 | +€11,159 | +14.0% |
| Operating profit (loss) | 9901 | €1,270 | €10,009 | +€8,739 | +688.1% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €4,412 | €3,352 | -€1,059 | -24.0% |
| Recurring financial charges | 65 | €4,412 | €3,352 | -€1,059 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,141 | €6,671 | +€9,812 | |
| Profit (loss) for the period | 9904 | -€3,141 | €6,671 | +€9,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,141 | €6,671 | +€9,812 |
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 8 October 2026 via checked.be.