GRC VISION: 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 VISION
Largest movements
- Receivables within one year +€50,744
up €50,744 (+100.7%), from €50,384 to €101,128
of which Other amounts receivable: +€66,218
- Cash +€12,594
up €12,594 (+253.6%), from €4,966 to €17,559
mainly Net result for the year (+€59,608) and Trade debts (+€4,915)
- Tangible fixed assets +€8,924
up €8,924 (+73.1%), from €12,215 to €21,139
of which Other tangible fixed assets: +€6,692
- Profit (loss) carried forward +€59,608
up €59,608 (+143.5%), from €41,547 to €101,155
- Trade debts +€4,915
up €4,915 (+110.9%), from €4,430 to €9,344
- Current portion of long-term debt +€4,395
up €4,395 (+43.9%), from €10,000 to €14,395
- Tax, wage and social debts +€3,344
up €3,344 (+38.9%), from €8,588 to €11,933
- Gross operating margin +€26,235
up €26,235 (+48.7%), from €53,846 to €80,080
- Taxes +€5,648
up €5,648 (+48.7%), from €11,586 to €17,234
- Depreciation +€3,805
up €3,805 (+434.1%), from €877 to €4,682
- Financial income +€2,458
up €2,458 (+539.4%), from €456 to €2,914
- Financial charges +€1,179
up €1,179 (+403.8%), from €292 to €1,471
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.
Cash bridge derived
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 | €67,565 | €139,826 | +€72,261 | +107.0% |
| Fixed assets | 21/28 | €12,215 | €21,139 | +€8,924 | +73.1% |
| Tangible fixed assets | 22/27 | €12,215 | €21,139 | +€8,924 | +73.1% |
| Furniture and vehicles | 24 | €4,151 | €6,383 | +€2,232 | +53.8% |
| Other tangible fixed assets | 26 | €8,064 | €14,756 | +€6,692 | +83.0% |
| Current assets | 29/58 | €55,350 | €118,687 | +€63,337 | +114.4% |
| Amounts receivable within one year | 40/41 | €50,384 | €101,128 | +€50,744 | +100.7% |
| Trade receivables | 40 | €33,860 | €18,385 | -€15,475 | -45.7% |
| Other amounts receivable | 41 | €16,524 | €82,743 | +€66,218 | +400.7% |
| Cash at bank and in hand | 54/58 | €4,966 | €17,559 | +€12,594 | +253.6% |
| Total equity and liabilities | 10/49 | €67,565 | €139,826 | +€72,261 | +107.0% |
| Equity | 10/15 | €44,547 | €104,155 | +€59,608 | +133.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,547 | €101,155 | +€59,608 | +143.5% |
| Amounts payable | 17/49 | €23,018 | €35,672 | +€12,653 | +55.0% |
| Amounts payable within one year | 42/48 | €23,018 | €35,672 | +€12,653 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €14,395 | +€4,395 | +43.9% |
| Trade debts | 44 | €4,430 | €9,344 | +€4,915 | +110.9% |
| Suppliers | 440/4 | €4,430 | €9,344 | +€4,915 | +110.9% |
| Taxes, remuneration and social security | 45 | €8,588 | €11,933 | +€3,344 | +38.9% |
| Taxes | 450/3 | €8,588 | €11,933 | +€3,344 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €877 | €4,682 | +€3,805 | +434.1% |
| Gross operating margin | 9900 | €53,846 | €80,080 | +€26,235 | +48.7% |
| Operating profit (loss) | 9901 | €52,969 | €75,399 | +€22,430 | +42.3% |
| Financial income | 75/76B | €456 | €2,914 | +€2,458 | +539.4% |
| Recurring financial income | 75 | €456 | €2,914 | +€2,458 | +539.4% |
| Financial charges | 65/66B | €292 | €1,471 | +€1,179 | +403.8% |
| Recurring financial charges | 65 | €292 | €1,471 | +€1,179 | +403.8% |
| Profit (loss) for the period before taxes | 9903 | €53,133 | €76,842 | +€23,709 | +44.6% |
| Income taxes | 67/77 | €11,586 | €17,234 | +€5,648 | +48.7% |
| Profit (loss) for the period | 9904 | €41,547 | €59,608 | +€18,061 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,547 | €59,608 | +€18,061 | +43.5% |
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 10 October 2026 via checked.be.