GRAUS: 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.
GRAUS
Largest movements
- Cash +€14,894
new in 2025: €14,894
mainly Net result for the year (+€23,175) and Other debts (+€21,441)
- Tangible fixed assets -€12,561
down €12,561 (-39.6%), from €31,692 to €19,131
of which Leasing and similar rights: -€10,704
- Receivables within one year +€5,381
up €5,381 (+20.4%), from €26,317 to €31,698
of which Other amounts receivable: +€8,315
- Deferred charges and accrued income +€4,450
up €4,450 (+470.7%), from €945 to €5,395
- Other debts +€21,441
new in 2025: €21,441
- Profit (loss) carried forward +€13,922
up €13,922, from -€13,922 to €0
- Reserves -€12,188
down €12,188 (-50.9%), from €23,943 to €11,755
- Debts after one year -€11,060
down €11,060 (-66.3%), from €16,682 to €5,622
- Short-term financial debts -€5,186
down €5,186 (-100.0%), from €5,186 to €0
- Gross operating margin +€37,699
up €37,699 (+631.2%), from €5,972 to €43,672
- Taxes +€6,628
new in 2025: €6,628
- Other operating charges +€768
up €768 (+650.5%), from €118 to €886
- Financial income +€451
up €451 (+101.3%), from €445 to €895
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 | €58,954 | €71,118 | +€12,164 | +20.6% |
| Fixed assets | 21/28 | €31,692 | €19,131 | -€12,561 | -39.6% |
| Tangible fixed assets | 22/27 | €31,692 | €19,131 | -€12,561 | -39.6% |
| Furniture and vehicles | 24 | €5,064 | €3,207 | -€1,858 | -36.7% |
| Leasing and similar rights | 25 | €26,628 | €15,924 | -€10,704 | -40.2% |
| Current assets | 29/58 | €27,262 | €51,987 | +€24,725 | +90.7% |
| Amounts receivable within one year | 40/41 | €26,317 | €31,698 | +€5,381 | +20.4% |
| Trade receivables | 40 | €18,733 | €15,799 | -€2,934 | -15.7% |
| Other amounts receivable | 41 | €7,584 | €15,899 | +€8,315 | +109.6% |
| Cash at bank and in hand | 54/58 | - | €14,894 | +€14,894 | |
| Deferred charges and accrued income | 490/1 | €945 | €5,395 | +€4,450 | +470.7% |
| Total equity and liabilities | 10/49 | €58,954 | €71,118 | +€12,164 | +20.6% |
| Equity | 10/15 | €10,521 | €12,255 | +€1,734 | +16.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €23,943 | €11,755 | -€12,188 | -50.9% |
| Distributable reserves | 133 | €23,943 | €11,755 | -€12,188 | -50.9% |
| Profit (loss) carried forward | 14 | -€13,922 | €0 | +€13,922 | |
| Amounts payable | 17/49 | €48,434 | €58,863 | +€10,429 | +21.5% |
| Amounts payable after more than one year | 17 | €16,682 | €5,622 | -€11,060 | -66.3% |
| Financial debts | 170/4 | €16,682 | €5,622 | -€11,060 | -66.3% |
| Amounts payable within one year | 42/48 | €31,752 | €51,801 | +€20,049 | +63.1% |
| Current portion of amounts payable after more than one year | 42 | €10,818 | €11,060 | +€242 | +2.2% |
| Financial debts | 43 | €5,186 | €0 | -€5,186 | -100.0% |
| Credit institutions | 430/8 | €5,186 | €0 | -€5,186 | -100.0% |
| Trade debts | 44 | €5,838 | €5,357 | -€481 | -8.2% |
| Suppliers | 440/4 | €5,838 | €5,357 | -€481 | -8.2% |
| Taxes, remuneration and social security | 45 | €9,910 | €13,943 | +€4,033 | +40.7% |
| Taxes | 450/3 | €9,910 | €13,943 | +€4,033 | +40.7% |
| Other amounts payable | 47/48 | - | €21,441 | +€21,441 | |
| Accrued charges and deferred income | 492/3 | - | €1,440 | +€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,758 | €12,561 | -€197 | -1.5% |
| Other operating charges | 640/8 | €118 | €886 | +€768 | +650.5% |
| Gross operating margin | 9900 | €5,972 | €43,672 | +€37,699 | +631.2% |
| Operating profit (loss) | 9901 | -€6,904 | €30,225 | +€37,129 | |
| Financial income | 75/76B | €445 | €895 | +€451 | +101.3% |
| Recurring financial income | 75 | €445 | €895 | +€451 | +101.3% |
| Financial charges | 65/66B | €1,280 | €1,317 | +€37 | +2.9% |
| Recurring financial charges | 65 | €1,280 | €1,317 | +€37 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,739 | €29,803 | +€37,542 | |
| Income taxes | 67/77 | - | €6,628 | +€6,628 | |
| Profit (loss) for the period | 9904 | -€7,739 | €23,175 | +€30,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,739 | €23,175 | +€30,914 |
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 8 October 2026 via checked.be.