Grayston & Company: what changed
Grayston & Company
Largest movements
- Receivables within one year +€252,583
up €252,583 (+23.3%), from €1.1m to €1.3m
of which Trade receivables: +€207,989
- Cash +€134,361
up €134,361 (+2,168%), from €6,197 to €140,558
mainly Trade debts (+€365,459) and Net result for the year (+€36,690)
- Trade debts +€365,459
up €365,459 (+100%), from €364,352 to €729,811
- Profit (loss) carried forward +€36,690
up €36,690 (+5.8%), from €637,897 to €674,587
- Other debts -€18,302
down €18,302 (-99.1%), from €18,477 to €175
- Write-downs +€58,447
up €58,447 (+141%), from €41,368 to €99,815
- Taxes -€49,158
down €49,158 (-66.1%), from €74,356 to €25,198
- Gross operating margin -€41,137
down €41,137 (-22.0%), from €186,594 to €145,457
- Financial income +€14,664
up €14,664 (+111%), from €13,195 to €27,859
of which Financial income: +€14,648
- Depreciation -€2,775
down €2,775 (-100%), from €2,775 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,091,327 | €1,484,042 | +€392,715 | +36.0% |
| Fixed assets | 21/28 | €228 | €228 | = | 0.0% |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €1,091,099 | €1,483,814 | +€392,715 | +36.0% |
| Amounts receivable within one year | 40/41 | €1,084,611 | €1,337,194 | +€252,583 | +23.3% |
| Trade receivables | 40 | €578,547 | €786,536 | +€207,989 | +36.0% |
| Other amounts receivable | 41 | €506,064 | €550,658 | +€44,594 | +8.8% |
| Cash at bank and in hand | 54/58 | €6,197 | €140,558 | +€134,361 | +2,168% |
| Deferred charges and accrued income | 490/1 | €291 | €6,062 | +€5,771 | +1,983% |
| Total equity and liabilities | 10/49 | €1,091,327 | €1,484,042 | +€392,715 | +36.0% |
| Equity | 10/15 | €652,152 | €688,842 | +€36,690 | +5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €637,897 | €674,587 | +€36,690 | +5.8% |
| Amounts payable | 17/49 | €439,175 | €795,199 | +€356,025 | +81.1% |
| Amounts payable within one year | 42/48 | €438,492 | €792,933 | +€354,442 | +80.8% |
| Trade debts | 44 | €364,352 | €729,811 | +€365,459 | +100% |
| Suppliers | 440/4 | €364,352 | €729,811 | +€365,459 | +100% |
| Advances received on contracts in progress | 46 | €4,167 | €4,167 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €51,495 | €58,781 | +€7,286 | +14.1% |
| Taxes | 450/3 | €51,495 | €58,781 | +€7,286 | +14.1% |
| Other amounts payable | 47/48 | €18,477 | €175 | -€18,302 | -99.1% |
| Accrued charges and deferred income | 492/3 | €683 | €2,266 | +€1,583 | +232% |
| Non-recurring operating income | 76A | €165,349 | €110,483 | -€54,866 | -33.2% |
| Remuneration, social security and pensions | 62 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,775 | €0 | -€2,775 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,368 | €99,815 | +€58,447 | +141% |
| Other operating charges | 640/8 | €5,066 | €4,998 | -€68 | -1.3% |
| Non-recurring operating charges | 66A | - | €1,007 | +€1,007 | |
| Gross operating margin | 9900 | €186,594 | €145,457 | -€41,137 | -22.0% |
| Operating profit (loss) | 9901 | €137,385 | €39,572 | -€97,813 | -71.2% |
| Financial income | 75/76B | €13,195 | €27,859 | +€14,664 | +111% |
| Recurring financial income | 75 | €13,195 | €27,843 | +€14,648 | +111% |
| Non-recurring financial income | 76B | - | €16 | +€16 | |
| Financial charges | 65/66B | €7,165 | €5,543 | -€1,622 | -22.6% |
| Recurring financial charges | 65 | €7,165 | €5,543 | -€1,622 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €143,415 | €61,888 | -€81,527 | -56.8% |
| Income taxes | 67/77 | €74,356 | €25,198 | -€49,158 | -66.1% |
| Profit (loss) for the period | 9904 | €69,059 | €36,690 | -€32,369 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,059 | €36,690 | -€32,369 | -46.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.