GRB: 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.
GRB
Largest movements
- Cash +€27,595
up €27,595 (+89.1%), from €30,964 to €58,559
mainly Net result for the year (+€23,472) and Tax, wage and social debts (+€8,426)
- Receivables within one year +€2,093
up €2,093 (+9.7%), from €21,496 to €23,589
- Deferred charges and accrued income +€1,298
up €1,298 (+67.9%), from €1,910 to €3,208
- Tangible fixed assets +€1,082
up €1,082 (+25.2%), from €4,287 to €5,369
- Reserves +€23,472
up €23,472 (+62.5%), from €37,581 to €61,053
- Tax, wage and social debts +€8,426
up €8,426 (+83.5%), from €10,090 to €18,516
- Trade debts +€2,115
up €2,115 (+100.5%), from €2,104 to €4,220
- Other debts -€1,963
down €1,963 (-50.5%), from €3,883 to €1,920
- Gross operating margin -€9,457
down €9,457 (-21.0%), from €45,074 to €35,618
- Taxes -€1,664
down €1,664 (-16.5%), from €10,090 to €8,426
- Depreciation +€622
up €622 (+30.2%), from €2,062 to €2,685
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 | €58,658 | €90,726 | +€32,067 | +54.7% |
| Fixed assets | 21/28 | €4,287 | €5,369 | +€1,082 | +25.2% |
| Tangible fixed assets | 22/27 | €4,287 | €5,369 | +€1,082 | +25.2% |
| Furniture and vehicles | 24 | €4,287 | €5,369 | +€1,082 | +25.2% |
| Current assets | 29/58 | €54,371 | €85,356 | +€30,985 | +57.0% |
| Amounts receivable within one year | 40/41 | €21,496 | €23,589 | +€2,093 | +9.7% |
| Trade receivables | 40 | €21,496 | €23,589 | +€2,093 | +9.7% |
| Cash at bank and in hand | 54/58 | €30,964 | €58,559 | +€27,595 | +89.1% |
| Deferred charges and accrued income | 490/1 | €1,910 | €3,208 | +€1,298 | +67.9% |
| Total equity and liabilities | 10/49 | €58,658 | €90,726 | +€32,067 | +54.7% |
| Equity | 10/15 | €42,581 | €66,053 | +€23,472 | +55.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,581 | €61,053 | +€23,472 | +62.5% |
| Distributable reserves | 133 | €37,581 | €61,053 | +€23,472 | +62.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,077 | €24,673 | +€8,596 | +53.5% |
| Amounts payable within one year | 42/48 | €16,077 | €24,656 | +€8,579 | +53.4% |
| Trade debts | 44 | €2,104 | €4,220 | +€2,115 | +100.5% |
| Suppliers | 440/4 | €2,104 | €4,220 | +€2,115 | +100.5% |
| Taxes, remuneration and social security | 45 | €10,090 | €18,516 | +€8,426 | +83.5% |
| Taxes | 450/3 | €10,090 | €18,516 | +€8,426 | +83.5% |
| Other amounts payable | 47/48 | €3,883 | €1,920 | -€1,963 | -50.5% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,062 | €2,685 | +€622 | +30.2% |
| Other operating charges | 640/8 | €801 | €780 | -€20 | -2.5% |
| Gross operating margin | 9900 | €45,074 | €35,618 | -€9,457 | -21.0% |
| Operating profit (loss) | 9901 | €42,211 | €32,153 | -€10,059 | -23.8% |
| Financial income | 75/76B | €0 | €34 | +€34 | +168800.0% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +168800.0% |
| Financial charges | 65/66B | €108 | €289 | +€181 | +168.5% |
| Recurring financial charges | 65 | €108 | €289 | +€181 | +168.5% |
| Profit (loss) for the period before taxes | 9903 | €42,104 | €31,897 | -€10,206 | -24.2% |
| Income taxes | 67/77 | €10,090 | €8,426 | -€1,664 | -16.5% |
| Profit (loss) for the period | 9904 | €32,014 | €23,472 | -€8,542 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,014 | €23,472 | -€8,542 | -26.7% |
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 28 September 2026 via checked.be.