GRANT THORNTON EFFICIËNTIA: 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.
GRANT THORNTON EFFICIËNTIA
Largest movements
- Receivables within one year -€15,339
down €15,339 (-7.1%), from €217,383 to €202,044
of which Other amounts receivable: -€10,164
- Stocks and contracts +€3,467
up €3,467 (+24.0%), from €14,449 to €17,916
- Trade debts -€18,290
down €18,290 (-11.1%), from €164,509 to €146,219
- Advances received +€3,247
up €3,247 (+9.2%), from €35,458 to €38,705
- Gross operating margin +€2,116
up €2,116 (+116%), from €1,828 to €3,943
- Financial charges +€687
up €687 (+98.0%), from €702 to €1,389
- Other operating charges -€360
down €360 (-38.0%), from €945 to €585
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.
Derived cash bridge
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 | €238,454 | €225,327 | -€13,127 | -5.5% |
| Current assets | 29/58 | €238,454 | €225,327 | -€13,127 | -5.5% |
| Stocks and contracts in progress | 3 | €14,449 | €17,916 | +€3,467 | +24.0% |
| Contracts in progress | 37 | €14,449 | €17,916 | +€3,467 | +24.0% |
| Amounts receivable within one year | 40/41 | €217,383 | €202,044 | -€15,339 | -7.1% |
| Trade receivables | 40 | €101,679 | €96,504 | -€5,175 | -5.1% |
| Other amounts receivable | 41 | €115,705 | €105,540 | -€10,164 | -8.8% |
| Cash at bank and in hand | 54/58 | €6,622 | €5,367 | -€1,254 | -18.9% |
| Total equity and liabilities | 10/49 | €238,454 | €225,327 | -€13,127 | -5.5% |
| Equity | 10/15 | €38,435 | €40,354 | +€1,919 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,279 | €1,279 | = | 0.0% |
| Distributable reserves | 133 | €1,279 | €1,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,555 | €20,475 | +€1,919 | +10.3% |
| Amounts payable | 17/49 | €200,020 | €184,974 | -€15,046 | -7.5% |
| Amounts payable within one year | 42/48 | €200,020 | €184,974 | -€15,046 | -7.5% |
| Trade debts | 44 | €164,509 | €146,219 | -€18,290 | -11.1% |
| Suppliers | 440/4 | €164,509 | €146,219 | -€18,290 | -11.1% |
| Advances received on contracts in progress | 46 | €35,458 | €38,705 | +€3,247 | +9.2% |
| Taxes, remuneration and social security | 45 | €53 | €49 | -€3 | -6.5% |
| Taxes | 450/3 | €53 | €49 | -€3 | -6.5% |
| Other operating charges | 640/8 | €945 | €585 | -€360 | -38.0% |
| Gross operating margin | 9900 | €1,828 | €3,943 | +€2,116 | +116% |
| Operating profit (loss) | 9901 | €883 | €3,358 | +€2,475 | +280% |
| Financial charges | 65/66B | €702 | €1,389 | +€687 | +98.0% |
| Recurring financial charges | 65 | €702 | €1,389 | +€687 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €181 | €1,969 | +€1,788 | +988% |
| Income taxes | 67/77 | €53 | €49 | -€3 | -6.5% |
| Profit (loss) for the period | 9904 | €128 | €1,919 | +€1,791 | +1,397% |
| Profit (loss) for the period to be appropriated | 9905 | €128 | €1,919 | +€1,791 | +1,397% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.