GrAct: 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.
GrAct
Largest movements
- Cash -€80,668
down €80,668 (-56.4%), from €143,122 to €62,454
mainly Contributions, distributions and other (-€143,000) and Other debts (-€1,179)
- Tangible fixed assets -€6,305
down €6,305 (-24.0%), from €26,271 to €19,966
- Reserves -€89,000
down €89,000 (-62.2%), from €143,000 to €54,000
- Tax, wage and social debts +€2,826
up €2,826 (+12.1%), from €23,363 to €26,189
- Gross operating margin +€3,665
up €3,665 (+5.2%), from €70,764 to €74,429
- Depreciation -€1,685
down €1,685 (-21.1%), from €7,990 to €6,305
- Financial income +€1,097
new in 2025: €1,097
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 | €169,828 | €83,215 | -€86,612 | -51.0% |
| Fixed assets | 21/28 | €26,271 | €19,966 | -€6,305 | -24.0% |
| Tangible fixed assets | 22/27 | €26,271 | €19,966 | -€6,305 | -24.0% |
| Furniture and vehicles | 24 | €26,271 | €19,966 | -€6,305 | -24.0% |
| Current assets | 29/58 | €143,557 | €63,250 | -€80,307 | -55.9% |
| Amounts receivable within one year | 40/41 | - | €275 | +€275 | |
| Trade receivables | 40 | - | €17 | +€17 | |
| Other amounts receivable | 41 | - | €258 | +€258 | |
| Cash at bank and in hand | 54/58 | €143,122 | €62,454 | -€80,668 | -56.4% |
| Deferred charges and accrued income | 490/1 | €435 | €521 | +€87 | +19.9% |
| Total equity and liabilities | 10/49 | €169,828 | €83,215 | -€86,612 | -51.0% |
| Equity | 10/15 | €145,108 | €56,832 | -€88,277 | -60.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €143,000 | €54,000 | -€89,000 | -62.2% |
| Distributable reserves | 133 | €143,000 | €54,000 | -€89,000 | -62.2% |
| Profit (loss) carried forward | 14 | €108 | €832 | +€723 | +668.8% |
| Amounts payable | 17/49 | €24,719 | €26,384 | +€1,664 | +6.7% |
| Amounts payable within one year | 42/48 | €24,654 | €26,317 | +€1,663 | +6.7% |
| Trade debts | 44 | €112 | €127 | +€16 | +14.3% |
| Suppliers | 440/4 | €112 | €127 | +€16 | +14.3% |
| Taxes, remuneration and social security | 45 | €23,363 | €26,189 | +€2,826 | +12.1% |
| Taxes | 450/3 | €23,363 | €26,189 | +€2,826 | +12.1% |
| Other amounts payable | 47/48 | €1,179 | - | -€1,179 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,990 | €6,305 | -€1,685 | -21.1% |
| Other operating charges | 640/8 | €603 | €769 | +€166 | +27.5% |
| Gross operating margin | 9900 | €70,764 | €74,429 | +€3,665 | +5.2% |
| Operating profit (loss) | 9901 | €62,170 | €67,355 | +€5,184 | +8.3% |
| Financial income | 75/76B | - | €1,097 | +€1,097 | |
| Recurring financial income | 75 | - | €1,097 | +€1,097 | |
| Financial charges | 65/66B | €184 | €81 | -€104 | -56.2% |
| Recurring financial charges | 65 | €184 | €81 | -€104 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €61,986 | €68,371 | +€6,385 | +10.3% |
| Income taxes | 67/77 | €12,938 | €13,647 | +€710 | +5.5% |
| Profit (loss) for the period | 9904 | €49,048 | €54,723 | +€5,675 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,048 | €54,723 | +€5,675 | +11.6% |
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 1 October 2026 via checked.be.