Gras: 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.
Gras
Largest movements
- Cash +€12,012
up €12,012 (+13.8%), from €87,308 to €99,320
mainly Net result for the year (+€13,078) and Depreciation (+€894)
- Reserves +€13,078
up €13,078 (+14.6%), from €89,637 to €102,715
- Gross operating margin +€5,507
up €5,507 (+36.0%), from €15,317 to €20,824
- Taxes +€1,910
up €1,910 (+44.5%), from €4,288 to €6,198
- Depreciation -€534
down €534 (-37.4%), from €1,427 to €894
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 | €91,396 | €103,429 | +€12,034 | +13.2% |
| Fixed assets | 21/28 | €1,782 | €888 | -€894 | -50.1% |
| Tangible fixed assets | 22/27 | €1,782 | €888 | -€894 | -50.1% |
| Plant, machinery and equipment | 23 | €1,159 | €847 | -€312 | -26.9% |
| Furniture and vehicles | 24 | €623 | €41 | -€581 | -93.4% |
| Current assets | 29/58 | €89,614 | €102,541 | +€12,927 | +14.4% |
| Amounts receivable within one year | 40/41 | €2,184 | €3,093 | +€909 | +41.6% |
| Trade receivables | 40 | - | €2,375 | +€2,375 | |
| Other amounts receivable | 41 | €2,184 | €718 | -€1,465 | -67.1% |
| Cash at bank and in hand | 54/58 | €87,308 | €99,320 | +€12,012 | +13.8% |
| Deferred charges and accrued income | 490/1 | €121 | €128 | +€6 | +5.2% |
| Total equity and liabilities | 10/49 | €91,396 | €103,429 | +€12,034 | +13.2% |
| Equity | 10/15 | €89,637 | €102,715 | +€13,078 | +14.6% |
| Reserves | 13 | €89,637 | €102,715 | +€13,078 | +14.6% |
| Distributable reserves | 133 | €89,637 | €102,715 | +€13,078 | +14.6% |
| Amounts payable | 17/49 | €1,759 | €715 | -€1,044 | -59.4% |
| Amounts payable within one year | 42/48 | €1,759 | €715 | -€1,044 | -59.4% |
| Trade debts | 44 | €964 | €38 | -€927 | -96.1% |
| Suppliers | 440/4 | €964 | €38 | -€927 | -96.1% |
| Other amounts payable | 47/48 | €795 | €677 | -€118 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €894 | -€534 | -37.4% |
| Other operating charges | 640/8 | €570 | €585 | +€14 | +2.5% |
| Gross operating margin | 9900 | €15,317 | €20,824 | +€5,507 | +36.0% |
| Operating profit (loss) | 9901 | €13,320 | €19,346 | +€6,026 | +45.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €93 | €70 | -€23 | -24.7% |
| Recurring financial charges | 65 | €93 | €70 | -€23 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €13,227 | €19,276 | +€6,049 | +45.7% |
| Income taxes | 67/77 | €4,288 | €6,198 | +€1,910 | +44.5% |
| Profit (loss) for the period | 9904 | €8,939 | €13,078 | +€4,139 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,939 | €13,078 | +€4,139 | +46.3% |
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 7 October 2026 via checked.be.