GRC Solutions: 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.
GRC Solutions
Largest movements
- Cash +€94,733
up €94,733 (+51.9%), from €182,527 to €277,260
mainly Net result for the year (+€81,582) and Receivables within one year (+€8,509)
- Receivables within one year -€8,509
down €8,509 (-28.1%), from €30,290 to €21,781
of which Other amounts receivable: -€10,863
- Reserves +€81,582
up €81,582 (+50.4%), from €161,988 to €243,570
- Gross operating margin -€8,439
down €8,439 (-7.5%), from €113,113 to €104,674
- Taxes -€2,092
down €2,092 (-9.0%), from €23,174 to €21,082
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 | €217,707 | €301,982 | +€84,275 | +38.7% |
| Fixed assets | 21/28 | €4,890 | €2,942 | -€1,949 | -39.8% |
| Tangible fixed assets | 22/27 | €4,890 | €2,942 | -€1,949 | -39.8% |
| Plant, machinery and equipment | 23 | €3,499 | €2,188 | -€1,311 | -37.5% |
| Furniture and vehicles | 24 | €1,392 | €754 | -€638 | -45.8% |
| Current assets | 29/58 | €212,817 | €299,041 | +€86,224 | +40.5% |
| Amounts receivable within one year | 40/41 | €30,290 | €21,781 | -€8,509 | -28.1% |
| Trade receivables | 40 | €19,426 | €21,780 | +€2,354 | +12.1% |
| Other amounts receivable | 41 | €10,864 | €1 | -€10,863 | -100.0% |
| Cash at bank and in hand | 54/58 | €182,527 | €277,260 | +€94,733 | +51.9% |
| Total equity and liabilities | 10/49 | €217,707 | €301,982 | +€84,275 | +38.7% |
| Equity | 10/15 | €164,488 | €246,070 | +€81,582 | +49.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €161,988 | €243,570 | +€81,582 | +50.4% |
| Distributable reserves | 133 | €161,988 | €243,570 | +€81,582 | +50.4% |
| Amounts payable | 17/49 | €53,220 | €55,913 | +€2,693 | +5.1% |
| Amounts payable within one year | 42/48 | €53,220 | €55,913 | +€2,693 | +5.1% |
| Trade debts | 44 | €1,027 | €370 | -€657 | -64.0% |
| Suppliers | 440/4 | €1,027 | €370 | -€657 | -64.0% |
| Taxes, remuneration and social security | 45 | €52,193 | €55,123 | +€2,930 | +5.6% |
| Taxes | 450/3 | €52,193 | €55,123 | +€2,930 | +5.6% |
| Other amounts payable | 47/48 | - | €420 | +€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929 | €1,949 | +€20 | +1.0% |
| Gross operating margin | 9900 | €113,113 | €104,674 | -€8,439 | -7.5% |
| Operating profit (loss) | 9901 | €111,184 | €102,725 | -€8,459 | -7.6% |
| Financial charges | 65/66B | €80 | €61 | -€19 | -24.0% |
| Recurring financial charges | 65 | €80 | €61 | -€19 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €111,104 | €102,664 | -€8,440 | -7.6% |
| Income taxes | 67/77 | €23,174 | €21,082 | -€2,092 | -9.0% |
| Profit (loss) for the period | 9904 | €87,930 | €81,582 | -€6,348 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,930 | €81,582 | -€6,348 | -7.2% |
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 4 October 2026 via checked.be.