GRACRO: 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.
GRACRO
Largest movements
- Tangible fixed assets -€13,010
down €13,010 (-5.8%), from €225,703 to €212,693
- Cash -€3,759
down €3,759 (-13.4%), from €28,073 to €24,315
mainly Debts after one year (-€16,000) and Net result for the year (-€1,434)
- Debts after one year -€16,000
down €16,000 (-9.7%), from €165,333 to €149,333
- Gross operating margin +€4,468
up €4,468 (+26.0%), from €17,152 to €21,620
- Financial charges +€3,273
up €3,273 (+65.6%), from €4,988 to €8,261
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 | €255,882 | €239,299 | -€16,583 | -6.5% |
| Fixed assets | 21/28 | €225,703 | €212,693 | -€13,010 | -5.8% |
| Tangible fixed assets | 22/27 | €225,703 | €212,693 | -€13,010 | -5.8% |
| Land and buildings | 22 | €225,703 | €212,693 | -€13,010 | -5.8% |
| Current assets | 29/58 | €30,179 | €26,606 | -€3,573 | -11.8% |
| Amounts receivable within one year | 40/41 | €1,926 | €2,101 | +€175 | +9.1% |
| Trade receivables | 40 | €1,526 | €1,701 | +€175 | +11.5% |
| Other amounts receivable | 41 | €400 | €400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,073 | €24,315 | -€3,759 | -13.4% |
| Deferred charges and accrued income | 490/1 | €180 | €190 | +€11 | +5.9% |
| Total equity and liabilities | 10/49 | €255,882 | €239,299 | -€16,583 | -6.5% |
| Equity | 10/15 | €19,390 | €17,956 | -€1,434 | -7.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,610 | -€27,044 | -€1,434 | -5.6% |
| Amounts payable | 17/49 | €236,492 | €221,343 | -€15,149 | -6.4% |
| Amounts payable after more than one year | 17 | €165,333 | €149,333 | -€16,000 | -9.7% |
| Financial debts | 170/4 | €165,333 | €149,333 | -€16,000 | -9.7% |
| Amounts payable within one year | 42/48 | €70,584 | €71,435 | +€851 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €16,000 | = | 0.0% |
| Trade debts | 44 | €6,515 | €6,515 | = | 0.0% |
| Suppliers | 440/4 | €6,515 | €6,515 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,037 | €2,131 | +€94 | +4.6% |
| Taxes | 450/3 | €2,037 | €2,131 | +€94 | +4.6% |
| Other amounts payable | 47/48 | €46,032 | €46,789 | +€757 | +1.6% |
| Accrued charges and deferred income | 492/3 | €575 | €575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,010 | €13,010 | = | 0.0% |
| Other operating charges | 640/8 | €1,675 | €1,783 | +€109 | +6.5% |
| Gross operating margin | 9900 | €17,152 | €21,620 | +€4,468 | +26.0% |
| Operating profit (loss) | 9901 | €2,468 | €6,827 | +€4,359 | +176.6% |
| Financial charges | 65/66B | €4,988 | €8,261 | +€3,273 | +65.6% |
| Recurring financial charges | 65 | €4,988 | €8,261 | +€3,273 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,520 | -€1,434 | +€1,086 | +43.1% |
| Profit (loss) for the period | 9904 | -€2,520 | -€1,434 | +€1,086 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,520 | -€1,434 | +€1,086 | +43.1% |
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 30 September 2026 via checked.be.