GRASSCO: 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.
GRASSCO
Largest movements
- Cash +€39,363
up €39,363 (+144.5%), from €27,250 to €66,613
mainly Contributions, distributions and other (+€160,000) and Investment in fixed assets (net) (+€24,400)
- Financial fixed assets -€24,400
down €24,400 (-97.6%), from €25,000 to €600
- Receivables within one year +€7,510
up €7,510 (+10.2%), from €73,295 to €80,805
of which Other amounts receivable: +€27,755
- Deferred charges and accrued income -€6,535
down €6,535 (-85.7%), from €7,627 to €1,093
- Tangible fixed assets -€2,571
down €2,571 (-34.8%), from €7,386 to €4,815
- Contributions +€160,000
up €160,000 (+25.0%), from €640,000 to €800,000
- Profit (loss) carried forward -€79,935
down €79,935 (-10.6%), from -€753,371 to -€833,306
- Debts after one year -€36,427
down €36,427 (-73.0%), from €49,912 to €13,485
- Other debts -€20,400
down €20,400 (-42.9%), from €47,544 to €27,144
- Tax, wage and social debts -€8,641
down €8,641 (-100.0%), from €8,641 to €0
- Gross operating margin +€118,345
up €118,345 (+63.2%), from -€187,134 to -€68,789
- Financial income -€3,390
down €3,390 (-97.0%), from €3,496 to €107
- Other operating charges -€3,041
down €3,041 (-27.6%), from €11,028 to €7,987
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,442 | €156,121 | +€12,680 | +8.8% |
| Formation expenses | 20 | €1,889 | €1,202 | -€687 | -36.4% |
| Fixed assets | 21/28 | €32,386 | €5,415 | -€26,971 | -83.3% |
| Tangible fixed assets | 22/27 | €7,386 | €4,815 | -€2,571 | -34.8% |
| Plant, machinery and equipment | 23 | €7,386 | €4,815 | -€2,571 | -34.8% |
| Financial fixed assets | 28 | €25,000 | €600 | -€24,400 | -97.6% |
| Current assets | 29/58 | €109,166 | €149,504 | +€40,338 | +37.0% |
| Stocks and contracts in progress | 3 | €994 | €994 | = | 0.0% |
| Stocks | 30/36 | €994 | €994 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,295 | €80,805 | +€7,510 | +10.2% |
| Trade receivables | 40 | €73,245 | €53,000 | -€20,245 | -27.6% |
| Other amounts receivable | 41 | €50 | €27,805 | +€27,755 | +55510.3% |
| Cash at bank and in hand | 54/58 | €27,250 | €66,613 | +€39,363 | +144.5% |
| Deferred charges and accrued income | 490/1 | €7,627 | €1,093 | -€6,535 | -85.7% |
| Total equity and liabilities | 10/49 | €143,442 | €156,121 | +€12,680 | +8.8% |
| Equity | 10/15 | -€113,371 | -€33,306 | +€80,065 | +70.6% |
| Contributions | 10/11 | €640,000 | €800,000 | +€160,000 | +25.0% |
| Profit (loss) carried forward | 14 | -€753,371 | -€833,306 | -€79,935 | -10.6% |
| Amounts payable | 17/49 | €256,813 | €189,427 | -€67,386 | -26.2% |
| Amounts payable after more than one year | 17 | €49,912 | €13,485 | -€36,427 | -73.0% |
| Other amounts payable | 178/9 | €49,912 | €13,485 | -€36,427 | -73.0% |
| Amounts payable within one year | 42/48 | €206,900 | €175,942 | -€30,959 | -15.0% |
| Trade debts | 44 | €150,715 | €148,798 | -€1,918 | -1.3% |
| Suppliers | 440/4 | €150,715 | €148,798 | -€1,918 | -1.3% |
| Taxes, remuneration and social security | 45 | €8,641 | €0 | -€8,641 | -100.0% |
| Taxes | 450/3 | €8,641 | €0 | -€8,641 | -100.0% |
| Other amounts payable | 47/48 | €47,544 | €27,144 | -€20,400 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,258 | €3,258 | = | 0.0% |
| Other operating charges | 640/8 | €11,028 | €7,987 | -€3,041 | -27.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€187,134 | -€68,789 | +€118,345 | +63.2% |
| Operating profit (loss) | 9901 | -€201,420 | -€80,035 | +€121,386 | +60.3% |
| Financial income | 75/76B | €3,496 | €107 | -€3,390 | -97.0% |
| Recurring financial income | 75 | €3,496 | €107 | -€3,390 | -97.0% |
| Financial charges | 65/66B | €0 | €7 | +€6 | +4273.3% |
| Recurring financial charges | 65 | €0 | €7 | +€6 | +4273.3% |
| Profit (loss) for the period before taxes | 9903 | -€197,924 | -€79,935 | +€117,990 | +59.6% |
| Profit (loss) for the period | 9904 | -€197,924 | -€79,935 | +€117,990 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€197,924 | -€79,935 | +€117,990 | +59.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.