GRB: what changed
GRB
Largest movements
- Cash -€6,231
down €6,231 (-19.2%), from €32,487 to €26,256
mainly Debts after one year (-€53,634) and Receivables within one year (-€4,715)
- Receivables within one year +€4,715
up €4,715 (+52.0%), from €9,075 to €13,790
of which Other amounts receivable: +€4,715
- Debts after one year -€53,634
down €53,634 (-27.0%), from €198,783 to €145,150
- Profit (loss) carried forward +€49,707
up €49,707 (+101%), from €49,085 to €98,792
- Gross operating margin +€1,224
up €1,224 (+1.8%), from €66,535 to €67,758
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 | €321,562 | €320,046 | -€1,516 | -0.5% |
| Fixed assets | 21/28 | €280,000 | €280,000 | = | 0.0% |
| Financial fixed assets | 28 | €280,000 | €280,000 | = | 0.0% |
| Current assets | 29/58 | €41,562 | €40,046 | -€1,516 | -3.6% |
| Amounts receivable within one year | 40/41 | €9,075 | €13,790 | +€4,715 | +52.0% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €4,715 | +€4,715 | |
| Cash at bank and in hand | 54/58 | €32,487 | €26,256 | -€6,231 | -19.2% |
| Total equity and liabilities | 10/49 | €321,562 | €320,046 | -€1,516 | -0.5% |
| Equity | 10/15 | €69,085 | €118,792 | +€49,707 | +72.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,085 | €98,792 | +€49,707 | +101% |
| Amounts payable | 17/49 | €252,477 | €201,254 | -€51,223 | -20.3% |
| Amounts payable after more than one year | 17 | €198,783 | €145,150 | -€53,634 | -27.0% |
| Financial debts | 170/4 | €198,783 | €145,150 | -€53,634 | -27.0% |
| Amounts payable within one year | 42/48 | €53,694 | €56,104 | +€2,411 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €17,880 | €18,634 | +€754 | +4.2% |
| Trade debts | 44 | €333 | €1,251 | +€918 | +276% |
| Suppliers | 440/4 | €333 | €1,251 | +€918 | +276% |
| Taxes, remuneration and social security | 45 | €17,902 | €18,681 | +€779 | +4.4% |
| Taxes | 450/3 | €16,632 | €17,411 | +€779 | +4.7% |
| Remuneration and social security | 454/9 | €1,270 | €1,270 | = | 0.0% |
| Other amounts payable | 47/48 | €17,579 | €17,538 | -€41 | -0.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €66,535 | €67,758 | +€1,224 | +1.8% |
| Operating profit (loss) | 9901 | €66,147 | €67,359 | +€1,212 | +1.8% |
| Financial charges | 65/66B | €5,349 | €5,025 | -€323 | -6.0% |
| Recurring financial charges | 65 | €5,349 | €5,025 | -€323 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €60,798 | €62,333 | +€1,535 | +2.5% |
| Income taxes | 67/77 | €12,330 | €12,626 | +€296 | +2.4% |
| Profit (loss) for the period | 9904 | €48,468 | €49,707 | +€1,239 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,468 | €49,707 | +€1,239 | +2.6% |
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 3 November 2026 via checked.be.