GRAYSTON: 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.
GRAYSTON
Largest movements
- Tangible fixed assets -€30,004
down €30,004 (-4.3%), from €702,148 to €672,144
of which Assets under construction and advance payments: -€21,602
- Receivables within one year +€20,451
up €20,451 (+33.6%), from €60,863 to €81,314
of which Trade receivables: +€12,221
- Reserves +€88,333
up €88,333 (+19.2%), from €460,856 to €549,189
- Other debts -€61,183
down €61,183 (-48.2%), from €126,986 to €65,803
- Profit (loss) carried forward -€48,000
down €48,000 (-98.2%), from €48,904 to €904
- Debts after one year -€32,976
down €32,976 (-12.0%), from €274,431 to €241,454
- Trade debts +€25,772
up €25,772 (+402.9%), from €6,396 to €32,169
- Financial income -€99,900
no longer reported in 2023 (was €99,900)
- Gross operating margin +€60,289
up €60,289 (+55.1%), from €109,477 to €169,765
- Depreciation +€15,179
up €15,179 (+92.2%), from €16,459 to €31,638
- Taxes +€5,261
up €5,261 (+23.5%), from €22,404 to €27,665
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,016,856 | €1,012,354 | -€4,502 | -0.4% |
| Fixed assets | 21/28 | €951,898 | €921,894 | -€30,004 | -3.2% |
| Tangible fixed assets | 22/27 | €702,148 | €672,144 | -€30,004 | -4.3% |
| Land and buildings | 22 | €666,661 | €648,378 | -€18,283 | -2.7% |
| Furniture and vehicles | 24 | €13,885 | €6,885 | -€7,000 | -50.4% |
| Other tangible fixed assets | 26 | - | €16,881 | +€16,881 | |
| Assets under construction and advance payments | 27 | €21,602 | - | -€21,602 | |
| Financial fixed assets | 28 | €249,750 | €249,750 | = | 0.0% |
| Current assets | 29/58 | €64,958 | €90,460 | +€25,502 | +39.3% |
| Amounts receivable within one year | 40/41 | €60,863 | €81,314 | +€20,451 | +33.6% |
| Trade receivables | 40 | €8,307 | €20,528 | +€12,221 | +147.1% |
| Other amounts receivable | 41 | €52,556 | €60,785 | +€8,229 | +15.7% |
| Cash at bank and in hand | 54/58 | €3,895 | €9,147 | +€5,251 | +134.8% |
| Deferred charges and accrued income | 490/1 | €200 | - | -€200 | |
| Total equity and liabilities | 10/49 | €1,016,856 | €1,012,354 | -€4,502 | -0.4% |
| Equity | 10/15 | €522,161 | €562,493 | +€40,333 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €460,856 | €549,189 | +€88,333 | +19.2% |
| Distributable reserves | 133 | €460,856 | €549,189 | +€88,333 | +19.2% |
| Profit (loss) carried forward | 14 | €48,904 | €904 | -€48,000 | -98.2% |
| Amounts payable | 17/49 | €494,696 | €449,861 | -€44,835 | -9.1% |
| Amounts payable after more than one year | 17 | €274,431 | €241,454 | -€32,976 | -12.0% |
| Financial debts | 170/4 | €274,431 | €241,454 | -€32,976 | -12.0% |
| Amounts payable within one year | 42/48 | €220,265 | €207,420 | -€12,845 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €32,509 | €32,976 | +€468 | +1.4% |
| Financial debts | 43 | €29,999 | €41,499 | +€11,500 | +38.3% |
| Credit institutions | 430/8 | €29,999 | €41,499 | +€11,500 | +38.3% |
| Trade debts | 44 | €6,396 | €32,169 | +€25,772 | +402.9% |
| Suppliers | 440/4 | €6,396 | €32,169 | +€25,772 | +402.9% |
| Taxes, remuneration and social security | 45 | €24,376 | €34,973 | +€10,597 | +43.5% |
| Taxes | 450/3 | €24,376 | €34,973 | +€10,597 | +43.5% |
| Other amounts payable | 47/48 | €126,986 | €65,803 | -€61,183 | -48.2% |
| Accrued charges and deferred income | 492/3 | - | €987 | +€987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,459 | €31,638 | +€15,179 | +92.2% |
| Other operating charges | 640/8 | €4,322 | €4,390 | +€68 | +1.6% |
| Gross operating margin | 9900 | €109,477 | €169,765 | +€60,289 | +55.1% |
| Operating profit (loss) | 9901 | €88,696 | €133,738 | +€45,042 | +50.8% |
| Financial income | 75/76B | €99,900 | - | -€99,900 | |
| Recurring financial income | 75 | €99,900 | - | -€99,900 | |
| Financial charges | 65/66B | €7,584 | €8,967 | +€1,383 | +18.2% |
| Recurring financial charges | 65 | €7,584 | €8,967 | +€1,383 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €181,012 | €124,771 | -€56,241 | -31.1% |
| Income taxes | 67/77 | €22,404 | €27,665 | +€5,261 | +23.5% |
| Profit (loss) for the period | 9904 | €158,608 | €97,106 | -€61,502 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €158,608 | €97,106 | -€61,502 | -38.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.