GRCM: 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.
GRCM
Largest movements
- Receivables within one year +€10,855
up €10,855 (+17.3%), from €62,870 to €73,725
of which Trade receivables: +€10,855
- Cash +€5,932
up €5,932 (+91.7%), from €6,471 to €12,403
mainly Trade debts (+€30,159) and Net result for the year (+€15,062)
- Stocks and contracts -€3,400
down €3,400 (-34.7%), from €9,800 to €6,400
- Other debts -€31,298
down €31,298 (-56.9%), from €55,044 to €23,747
- Trade debts +€30,159
up €30,159 (+86.6%), from €34,812 to €64,971
- Profit (loss) carried forward +€15,062
up €15,062 (+46.8%), from -€32,186 to -€17,124
- Financial charges +€1,558
up €1,558 (+179.7%), from €867 to €2,425
of which Non-recurring financial charges: +€2,200
- Gross operating margin +€552
up €552 (+3.0%), from €18,476 to €19,028
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 | €79,731 | €93,254 | +€13,522 | +17.0% |
| Fixed assets | 21/28 | €591 | €726 | +€136 | +23.0% |
| Tangible fixed assets | 22/27 | €591 | €726 | +€136 | +23.0% |
| Plant, machinery and equipment | 23 | €470 | €216 | -€254 | -54.0% |
| Furniture and vehicles | 24 | €121 | €510 | +€389 | +321.5% |
| Current assets | 29/58 | €79,141 | €92,527 | +€13,387 | +16.9% |
| Stocks and contracts in progress | 3 | €9,800 | €6,400 | -€3,400 | -34.7% |
| Stocks | 30/36 | €9,800 | €6,400 | -€3,400 | -34.7% |
| Amounts receivable within one year | 40/41 | €62,870 | €73,725 | +€10,855 | +17.3% |
| Trade receivables | 40 | €62,858 | €73,712 | +€10,855 | +17.3% |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,471 | €12,403 | +€5,932 | +91.7% |
| Total equity and liabilities | 10/49 | €79,731 | €93,254 | +€13,522 | +17.0% |
| Equity | 10/15 | -€13,392 | €1,670 | +€15,062 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €194 | - | -€194 | |
| Reserves | 13 | - | €194 | +€194 | |
| Non-distributable reserves | 130/1 | - | €194 | +€194 | |
| Reserves not available under the articles | 1311 | - | €194 | +€194 | |
| Profit (loss) carried forward | 14 | -€32,186 | -€17,124 | +€15,062 | +46.8% |
| Amounts payable | 17/49 | €93,123 | €91,584 | -€1,539 | -1.7% |
| Amounts payable within one year | 42/48 | €93,123 | €91,584 | -€1,539 | -1.7% |
| Trade debts | 44 | €34,812 | €64,971 | +€30,159 | +86.6% |
| Suppliers | 440/4 | €34,812 | €64,971 | +€30,159 | +86.6% |
| Taxes, remuneration and social security | 45 | €3,266 | €2,866 | -€401 | -12.3% |
| Taxes | 450/3 | €3,266 | €2,866 | -€401 | -12.3% |
| Other amounts payable | 47/48 | €55,044 | €23,747 | -€31,298 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €360 | +€18 | +5.2% |
| Other operating charges | 640/8 | €1,276 | €1,181 | -€95 | -7.5% |
| Gross operating margin | 9900 | €18,476 | €19,028 | +€552 | +3.0% |
| Operating profit (loss) | 9901 | €16,857 | €17,486 | +€629 | +3.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €867 | €2,425 | +€1,558 | +179.7% |
| Recurring financial charges | 65 | €867 | €225 | -€642 | -74.1% |
| Non-recurring financial charges | 66B | - | €2,200 | +€2,200 | |
| Profit (loss) for the period before taxes | 9903 | €15,990 | €15,062 | -€929 | -5.8% |
| Profit (loss) for the period | 9904 | €15,990 | €15,062 | -€929 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,990 | €15,062 | -€929 | -5.8% |
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 29 September 2026 via checked.be.