Gravo: 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.
What changed
Gravo
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€653,850
2024 · €76,109+€577,741
Equity
€10.4m
2024 · €9.7m+€653,850
Cash
€90,243
2024 · €159,113-€68,870
Balance sheet total
€13.8m
2024 · €16.4m-€2.6m
Largest movements
Assets
- Stocks and contracts -€3.1m
down €3.1m (-35.8%), from €8.6m to €5.5m
- Receivables within one year +€854,396
up €854,396 (+18.2%), from €4.7m to €5.5m
of which Trade receivables: +€520,653
- Tangible fixed assets -€294,013
down €294,013 (-14.8%), from €2.0m to €1.7m
of which Furniture and vehicles: -€152,285
Equity and liabilities
- Short-term financial debts -€2.8m
down €2.8m (-59.6%), from €4.6m to €1.9m
of which Credit institutions: -€2.2m
- Trade debts -€813,095
down €813,095 (-52.4%), from €1.6m to €737,440
- Profit (loss) carried forward +€621,157
up €621,157 (+26.6%), from €2.3m to €3.0m
- Tax, wage and social debts +€245,217
up €245,217 (+58.4%), from €420,034 to €665,251
of which Taxes: +€238,290
Income statement
- Turnover +€3.0m
up €3.0m (+21.0%), from €14.3m to €17.3m
- Goods and materials -€2.6m
down €2.6m (-29.8%), from €8.8m to €6.2m
- Taxes +€202,990
up €202,990 (+257%), from €78,877 to €281,867
- Services and other goods -€201,459
down €201,459 (-7.3%), from €2.8m to €2.6m
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.
Result 2024
€76,109
Turnover
+€3.0m
Other operating income
-€27,494
Goods and materials
+€2.6m
Services and other goods
+€201,459
Staff costs
-€13,822
Depreciation
-€29,576
Write-downs
-€27,223
Other operating charges
+€47,898
Other operating items
-€5.0m
Financial income
+€27,002
Financial charges
+€41,106
Taxes
-€202,990
Result 2025
€653,850
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.0m
Investment
-€346,659
Financing
-€2.8m
Cash 2024
€159,113
From operations (derived)
+€3.0m
Net result for the year
+€653,850
Depreciation
+€643,817
Stocks and contracts
+€3.1m
Receivables within one year
-€854,396
Deferred charges and accrued income
-€11,205
Trade debts
-€813,095
Tax, wage and social debts
+€245,217
Other debts
+€105,891
Investment (derived)
-€346,659
Investment in fixed assets (net)
-€346,659
Financing
-€2.8m
Short-term financial debts
-€2.8m
Cash 2025
€90,243
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,409,433 | €13,844,270 | -€2.6m | -15.6% |
| Fixed assets | 21/28 | €2,917,968 | €2,620,810 | -€297,158 | -10.2% |
| Tangible fixed assets | 22/27 | €1,981,196 | €1,687,183 | -€294,013 | -14.8% |
| Plant, machinery and equipment | 23 | €630,398 | €488,670 | -€141,728 | -22.5% |
| Furniture and vehicles | 24 | €1,350,798 | €1,198,513 | -€152,285 | -11.3% |
| Financial fixed assets | 28 | €936,772 | €933,627 | -€3,145 | -0.3% |
| Affiliated companies | 280/1 | €383,627 | €383,627 | = | 0.0% |
| Amounts receivable | 281 | €383,627 | €383,627 | = | 0.0% |
| Other financial fixed assets | 284/8 | €553,145 | €550,000 | -€3,145 | -0.6% |
| Amounts receivable and cash guarantees | 285/8 | €553,145 | €550,000 | -€3,145 | -0.6% |
| Current assets | 29/58 | €13,491,465 | €11,223,460 | -€2.3m | -16.8% |
| Stocks and contracts in progress | 3 | €8,563,409 | €5,498,673 | -€3.1m | -35.8% |
| Contracts in progress | 37 | €8,563,409 | €5,498,673 | -€3.1m | -35.8% |
| Amounts receivable within one year | 40/41 | €4,690,124 | €5,544,520 | +€854,396 | +18.2% |
| Trade receivables | 40 | €3,852,071 | €4,372,724 | +€520,653 | +13.5% |
| Other amounts receivable | 41 | €838,053 | €1,171,796 | +€333,743 | +39.8% |
| Cash at bank and in hand | 54/58 | €159,113 | €90,243 | -€68,870 | -43.3% |
| Deferred charges and accrued income | 490/1 | €78,819 | €90,024 | +€11,205 | +14.2% |
| Total equity and liabilities | 10/49 | €16,409,433 | €13,844,270 | -€2.6m | -15.6% |
| Equity | 10/15 | €9,709,992 | €10,363,842 | +€653,850 | +6.7% |
| Contributions | 10/11 | €7,074,400 | €7,074,400 | = | 0.0% |
| Capital | 10 | €7,074,400 | €7,074,400 | = | 0.0% |
| Issued capital | 100 | €7,074,400 | €7,074,400 | = | 0.0% |
| Reserves | 13 | €301,637 | €334,330 | +€32,693 | +10.8% |
| Non-distributable reserves | 130/1 | €301,637 | €334,330 | +€32,693 | +10.8% |
| Legal reserve | 130 | €289,934 | €322,627 | +€32,693 | +11.3% |
| Other | 1319 | €11,703 | €11,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,333,955 | €2,955,112 | +€621,157 | +26.6% |
| Amounts payable | 17/49 | €6,699,441 | €3,480,428 | -€3.2m | -48.0% |
| Amounts payable within one year | 42/48 | €6,699,441 | €3,480,428 | -€3.2m | -48.0% |
| Financial debts | 43 | €4,627,026 | €1,870,000 | -€2.8m | -59.6% |
| Credit institutions | 430/8 | €4,093,317 | €1,870,000 | -€2.2m | -54.3% |
| Other loans | 439 | €533,709 | - | -€533,709 | |
| Trade debts | 44 | €1,550,535 | €737,440 | -€813,095 | -52.4% |
| Suppliers | 440/4 | €1,550,535 | €737,440 | -€813,095 | -52.4% |
| Taxes, remuneration and social security | 45 | €420,034 | €665,251 | +€245,217 | +58.4% |
| Taxes | 450/3 | €136,816 | €375,106 | +€238,290 | +174% |
| Remuneration and social security | 454/9 | €283,218 | €290,145 | +€6,927 | +2.4% |
| Other amounts payable | 47/48 | €101,846 | €207,737 | +€105,891 | +104% |
| Operating income | 70/76A | €16,420,561 | €14,329,593 | -€2.1m | -12.7% |
| Turnover | 70 | €14,262,246 | €17,254,169 | +€3.0m | +21.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,870,557 | -€3,064,736 | -€4.9m | |
| Other operating income | 74 | €73,000 | €45,506 | -€27,494 | -37.7% |
| Non-recurring operating income | 76A | €214,758 | €94,654 | -€120,104 | -55.9% |
| Operating charges | 60/66A | €16,111,745 | €13,308,154 | -€2.8m | -17.4% |
| Goods for resale, raw materials and consumables | 60 | €8,774,593 | €6,157,773 | -€2.6m | -29.8% |
| Purchases | 600/8 | €8,774,593 | €6,157,773 | -€2.6m | -29.8% |
| Services and other goods | 61 | €2,763,283 | €2,561,824 | -€201,459 | -7.3% |
| Remuneration, social security and pensions | 62 | €3,835,599 | €3,849,421 | +€13,822 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614,241 | €643,817 | +€29,576 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,223 | +€27,223 | |
| Other operating charges | 640/8 | €94,775 | €46,877 | -€47,898 | -50.5% |
| Non-recurring operating charges | 66A | €29,254 | €21,219 | -€8,035 | -27.5% |
| Operating profit (loss) | 9901 | €308,816 | €1,021,439 | +€712,623 | +231% |
| Financial income | 75/76B | €33,014 | €60,016 | +€27,002 | +81.8% |
| Recurring financial income | 75 | €33,014 | €60,016 | +€27,002 | +81.8% |
| Income from current assets | 751 | €3,836 | €3,836 | = | 0.0% |
| Other financial income | 752/9 | €29,178 | €56,180 | +€27,002 | +92.5% |
| Financial charges | 65/66B | €186,844 | €145,738 | -€41,106 | -22.0% |
| Recurring financial charges | 65 | €186,844 | €145,738 | -€41,106 | -22.0% |
| Debt charges | 650 | €1,423 | - | -€1,423 | |
| Other financial charges | 652/9 | €185,421 | €145,738 | -€39,683 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €154,986 | €935,717 | +€780,731 | +504% |
| Income taxes | 67/77 | €78,877 | €281,867 | +€202,990 | +257% |
| Taxes | 670/3 | €78,877 | €281,867 | +€202,990 | +257% |
| Profit (loss) for the period | 9904 | €76,109 | €653,850 | +€577,741 | +759% |
| Profit (loss) for the period to be appropriated | 9905 | €76,109 | €653,850 | +€577,741 | +759% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.