GRB & CO: 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 & CO
Largest movements
- Cash +€43,677
up €43,677 (+707.0%), from €6,178 to €49,854
mainly Receivables within one year (+€30,968) and Trade debts (+€11,529)
- Receivables within one year -€30,968
down €30,968 (-72.0%), from €42,990 to €12,023
- Stocks and contracts -€1,408
down €1,408 (-4.0%), from €35,326 to €33,918
- Trade debts +€11,529
up €11,529 (+169.9%), from €6,787 to €18,317
- Tax, wage and social debts -€3,068
down €3,068 (-50.8%), from €6,036 to €2,968
- Profit (loss) carried forward +€2,279
up €2,279 (+7.5%), from €30,385 to €32,665
- Turnover +€74,939
up €74,939 (+19.1%), from €392,571 to €467,511
- Gross operating margin +€34,015
up €34,015 (+75.1%), from €45,287 to €79,301
- Staff costs +€19,784
up €19,784 (+71.3%), from €27,755 to €47,539
- Other operating charges +€18,484
up €18,484 (+390.2%), from €4,737 to €23,221
- Purchases and services +€15,264
up €15,264 (+4.0%), from €383,947 to €399,212
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 | €89,812 | €100,552 | +€10,740 | +12.0% |
| Fixed assets | 21/28 | €5,318 | €4,758 | -€561 | -10.5% |
| Tangible fixed assets | 22/27 | €1,718 | €1,158 | -€561 | -32.6% |
| Plant, machinery and equipment | 23 | €1,074 | €728 | -€346 | -32.2% |
| Furniture and vehicles | 24 | €645 | €430 | -€215 | -33.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €84,493 | €95,794 | +€11,301 | +13.4% |
| Stocks and contracts in progress | 3 | €35,326 | €33,918 | -€1,408 | -4.0% |
| Stocks | 30/36 | €35,326 | €33,918 | -€1,408 | -4.0% |
| Amounts receivable within one year | 40/41 | €42,990 | €12,023 | -€30,968 | -72.0% |
| Other amounts receivable | 41 | €42,990 | €12,023 | -€30,968 | -72.0% |
| Cash at bank and in hand | 54/58 | €6,178 | €49,854 | +€43,677 | +707.0% |
| Total equity and liabilities | 10/49 | €89,812 | €100,552 | +€10,740 | +12.0% |
| Equity | 10/15 | €76,988 | €79,267 | +€2,279 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,003 | €28,003 | = | 0.0% |
| Non-distributable reserves | 130/1 | €584 | €584 | = | 0.0% |
| Reserves not available under the articles | 1311 | €584 | €584 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,562 | €26,562 | = | 0.0% |
| Distributable reserves | 133 | €856 | €856 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,385 | €32,665 | +€2,279 | +7.5% |
| Amounts payable | 17/49 | €12,824 | €21,285 | +€8,461 | +66.0% |
| Amounts payable within one year | 42/48 | €12,824 | €21,285 | +€8,461 | +66.0% |
| Trade debts | 44 | €6,787 | €18,317 | +€11,529 | +169.9% |
| Suppliers | 440/4 | €6,787 | €18,317 | +€11,529 | +169.9% |
| Taxes, remuneration and social security | 45 | €6,036 | €2,968 | -€3,068 | -50.8% |
| Taxes | 450/3 | €6,036 | €2,968 | -€3,068 | -50.8% |
| Turnover | 70 | €392,571 | €467,511 | +€74,939 | +19.1% |
| Non-recurring operating income | 76A | - | €382 | +€382 | |
| Goods, raw materials, services and sundry goods | 60/61 | €383,947 | €399,212 | +€15,264 | +4.0% |
| Remuneration, social security and pensions | 62 | €27,755 | €47,539 | +€19,784 | +71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,707 | €943 | -€764 | -44.8% |
| Other operating charges | 640/8 | €4,737 | €23,221 | +€18,484 | +390.2% |
| Gross operating margin | 9900 | €45,287 | €79,301 | +€34,015 | +75.1% |
| Operating profit (loss) | 9901 | €11,087 | €7,598 | -€3,489 | -31.5% |
| Financial charges | 65/66B | €556 | €433 | -€123 | -22.2% |
| Recurring financial charges | 65 | €556 | €433 | -€123 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €10,531 | €7,165 | -€3,366 | -32.0% |
| Income taxes | 67/77 | €2,106 | €4,886 | +€2,780 | +132.0% |
| Profit (loss) for the period | 9904 | €8,425 | €2,279 | -€6,146 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,425 | €2,279 | -€6,146 | -72.9% |
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 6 October 2026 via checked.be.