GRC Business: 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.
GRC Business
Largest movements
- Receivables within one year +€31,146
up €31,146 (+39.2%), from €79,362 to €110,508
of which Trade receivables: +€27,676
- Deferred charges and accrued income -€9,037
no longer reported in 2024 (was €9,037)
- Cash +€2,277
up €2,277 (+3.9%), from €58,473 to €60,750
mainly Net result for the year (+€57,540) and Other debts (+€30,000)
- Trade debts -€40,246
down €40,246 (-69.6%), from €57,810 to €17,564
- Other debts +€30,000
new in 2024: €30,000
- Profit (loss) carried forward +€27,540
up €27,540 (+57.1%), from €48,197 to €75,737
- Tax, wage and social debts +€5,877
up €5,877 (+23.6%), from €24,853 to €30,729
of which Taxes: +€7,319
- Write-downs -€28,363
no longer reported in 2024 (was €28,363)
- Staff costs -€5,676
down €5,676 (-19.6%), from €29,008 to €23,332
- Gross operating margin +€3,510
up €3,510 (+3.3%), from €107,129 to €110,639
- Taxes +€2,810
up €2,810 (+31.3%), from €8,991 to €11,801
- Other operating charges -€2,314
down €2,314 (-85.7%), from €2,699 to €385
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,942 | €174,112 | +€23,170 | +15.4% |
| Fixed assets | 21/28 | €4,070 | €2,855 | -€1,215 | -29.9% |
| Tangible fixed assets | 22/27 | €2,120 | €854 | -€1,266 | -59.7% |
| Plant, machinery and equipment | 23 | €583 | €192 | -€391 | -67.1% |
| Furniture and vehicles | 24 | €1,537 | €662 | -€875 | -56.9% |
| Financial fixed assets | 28 | €1,950 | €2,001 | +€51 | +2.6% |
| Current assets | 29/58 | €146,872 | €171,258 | +€24,386 | +16.6% |
| Amounts receivable within one year | 40/41 | €79,362 | €110,508 | +€31,146 | +39.2% |
| Trade receivables | 40 | €41,697 | €69,372 | +€27,676 | +66.4% |
| Other amounts receivable | 41 | €37,665 | €41,136 | +€3,471 | +9.2% |
| Cash at bank and in hand | 54/58 | €58,473 | €60,750 | +€2,277 | +3.9% |
| Deferred charges and accrued income | 490/1 | €9,037 | - | -€9,037 | |
| Total equity and liabilities | 10/49 | €150,942 | €174,112 | +€23,170 | +15.4% |
| Equity | 10/15 | €68,280 | €95,819 | +€27,540 | +40.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,482 | €1,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,482 | €1,482 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,482 | €1,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,197 | €75,737 | +€27,540 | +57.1% |
| Amounts payable | 17/49 | €82,662 | €78,293 | -€4,369 | -5.3% |
| Amounts payable within one year | 42/48 | €82,662 | €78,293 | -€4,369 | -5.3% |
| Trade debts | 44 | €57,810 | €17,564 | -€40,246 | -69.6% |
| Suppliers | 440/4 | €57,810 | €17,564 | -€40,246 | -69.6% |
| Taxes, remuneration and social security | 45 | €24,853 | €30,729 | +€5,877 | +23.6% |
| Taxes | 450/3 | €16,545 | €23,864 | +€7,319 | +44.2% |
| Remuneration and social security | 454/9 | €8,307 | €6,865 | -€1,443 | -17.4% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €29,008 | €23,332 | -€5,676 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,491 | €1,266 | -€225 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,363 | - | -€28,363 | |
| Other operating charges | 640/8 | €2,699 | €385 | -€2,314 | -85.7% |
| Gross operating margin | 9900 | €107,129 | €110,639 | +€3,510 | +3.3% |
| Operating profit (loss) | 9901 | €45,568 | €85,655 | +€40,087 | +88.0% |
| Financial income | 75/76B | - | €1,484 | +€1,484 | |
| Recurring financial income | 75 | - | €1,484 | +€1,484 | |
| Financial charges | 65/66B | €16,543 | €17,799 | +€1,256 | +7.6% |
| Recurring financial charges | 65 | €16,543 | €17,799 | +€1,256 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €29,025 | €69,340 | +€40,316 | +139% |
| Income taxes | 67/77 | €8,991 | €11,801 | +€2,810 | +31.3% |
| Profit (loss) for the period | 9904 | €20,034 | €57,540 | +€37,506 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €20,034 | €57,540 | +€37,506 | +187% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.