GRB CONSTRUCT: what changed
Two financial 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€8,103
up €8,103 (+926.6%), from €874 to €8,977
- Cash -€5,182
down €5,182 (-46.0%), from €11,262 to €6,079
mainly Investment in fixed assets (net) (-€11,083) and Tax, wage and social debts (-€4,347)
- Receivables within one year -€1,326
down €1,326 (-7.5%), from €17,732 to €16,406
of which Trade receivables: -€2,881
- Financial fixed assets +€854
new in 2025: €854
- Profit (loss) carried forward +€6,847
up €6,847 (+150.8%), from €4,542 to €11,388
- Tax, wage and social debts -€4,347
down €4,347 (-56.4%), from €7,712 to €3,366
of which Remuneration and social security: -€4,325
- Gross operating margin -€41,512
down €41,512 (-78.1%), from €53,170 to €11,659
- Staff costs -€35,227
down €35,227 (-98.2%), from €35,859 to €632
- Taxes -€1,519
down €1,519 (-45.1%), from €3,366 to €1,847
- Depreciation +€1,387
up €1,387 (+170.7%), from €813 to €2,200
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 | €31,241 | €33,843 | +€2,603 | +8.3% |
| Formation expenses | 20 | €297 | €222 | -€74 | -25.0% |
| Fixed assets | 21/28 | €874 | €9,831 | +€8,957 | +1024.3% |
| Tangible fixed assets | 22/27 | €874 | €8,977 | +€8,103 | +926.6% |
| Furniture and vehicles | 24 | €874 | €8,977 | +€8,103 | +926.6% |
| Financial fixed assets | 28 | - | €854 | +€854 | |
| Current assets | 29/58 | €30,070 | €23,790 | -€6,280 | -20.9% |
| Amounts receivable within one year | 40/41 | €17,732 | €16,406 | -€1,326 | -7.5% |
| Trade receivables | 40 | €3,469 | €588 | -€2,881 | -83.0% |
| Other amounts receivable | 41 | €14,263 | €15,818 | +€1,555 | +10.9% |
| Cash at bank and in hand | 54/58 | €11,262 | €6,079 | -€5,182 | -46.0% |
| Deferred charges and accrued income | 490/1 | €1,076 | €1,304 | +€228 | +21.2% |
| Total equity and liabilities | 10/49 | €31,241 | €33,843 | +€2,603 | +8.3% |
| Equity | 10/15 | €23,142 | €29,988 | +€6,847 | +29.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,542 | €11,388 | +€6,847 | +150.8% |
| Amounts payable | 17/49 | €8,099 | €3,855 | -€4,244 | -52.4% |
| Amounts payable within one year | 42/48 | €8,099 | €3,855 | -€4,244 | -52.4% |
| Trade debts | 44 | €387 | €490 | +€103 | +26.6% |
| Suppliers | 440/4 | €387 | €490 | +€103 | +26.6% |
| Taxes, remuneration and social security | 45 | €7,712 | €3,366 | -€4,347 | -56.4% |
| Taxes | 450/3 | €3,387 | €3,366 | -€21 | -0.6% |
| Remuneration and social security | 454/9 | €4,325 | - | -€4,325 | |
| Remuneration, social security and pensions | 62 | €35,859 | €632 | -€35,227 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €813 | €2,200 | +€1,387 | +170.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €53,170 | €11,659 | -€41,512 | -78.1% |
| Operating profit (loss) | 9901 | €16,499 | €8,427 | -€8,072 | -48.9% |
| Financial income | 75/76B | €551 | €406 | -€145 | -26.3% |
| Recurring financial income | 75 | €551 | €406 | -€145 | -26.3% |
| Financial charges | 65/66B | €136 | €140 | +€4 | +2.8% |
| Recurring financial charges | 65 | €136 | €140 | +€4 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €16,914 | €8,693 | -€8,221 | -48.6% |
| Income taxes | 67/77 | €3,366 | €1,847 | -€1,519 | -45.1% |
| Profit (loss) for the period | 9904 | €13,548 | €6,847 | -€6,702 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,548 | €6,847 | -€6,702 | -49.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.