GRCT: 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.
What changed
GRCT
NACE 39.000, Remediation activities and other waste management service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€283,741
2024 · €242,499+€41,242
Equity
€3.7m
2024 · €3.4m+€283,741
Cash
€634,007
2024 · €485,301+€148,705
Balance sheet total
€13.7m
2024 · €12.8m+€909,890
Largest movements
Assets
- Tangible fixed assets +€481,861
up €481,861 (+11.1%), from €4.3m to €4.8m
of which Plant, machinery and equipment: +€371,299
- Receivables within one year +€323,422
up €323,422 (+4.8%), from €6.7m to €7.0m
of which Trade receivables: +€323,422
- Cash +€148,705
up €148,705 (+30.6%), from €485,301 to €634,007
mainly Depreciation (+€1.1m) and Debts after one year (+€357,166)
Equity and liabilities
- Debts after one year +€357,166
up €357,166 (+19.1%), from €1.9m to €2.2m
- Profit (loss) carried forward +€283,741
up €283,741 (+8.8%), from €3.2m to €3.5m
- Tax, wage and social debts +€266,677
up €266,677 (+33.6%), from €793,218 to €1.1m
of which Taxes: +€147,313
- Trade debts -€140,796
down €140,796 (-2.3%), from €6.0m to €5.9m
Income statement
- Turnover +€3.8m
up €3.8m (+17.2%), from €22.3m to €26.2m
- Goods and materials +€2.0m
up €2.0m (+16.6%), from €12.0m to €14.0m
of which Purchases: +€2.0m
- Services and other goods +€1.1m
up €1.1m (+21.2%), from €5.1m to €6.2m
- Staff costs +€654,773
up €654,773 (+16.8%), from €3.9m to €4.6m
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.
Result 2024
€242,499
Turnover
+€3.8m
Other operating income
-€27,350
Goods and materials
-€2.0m
Services and other goods
-€1.1m
Staff costs
-€654,773
Depreciation
-€150,217
Write-downs
-€48,150
Other operating charges
+€241,326
Other operating items
-€71,781
Financial income
-€222
Financial charges
+€18,731
Taxes
-€21,627
Result 2025
€283,741
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.
From operations
+€1.3m
Investment
-€1.6m
Financing
+€419,208
Cash 2024
€485,301
From operations (derived)
+€1.3m
Net result for the year
+€283,741
Depreciation
+€1.1m
Stocks and contracts
-€27,836
Receivables within one year
-€323,422
Deferred charges and accrued income
+€64,434
Trade debts
-€140,796
Tax, wage and social debts
+€266,677
Advances received
+€900
Accrued charges and deferred income
+€80,159
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Current investments
+€0
Financing
+€419,208
Debts after one year
+€357,166
Current portion of long-term debt
+€62,043
Cash 2025
€634,007
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,811,779 | €13,721,669 | +€909,890 | +7.1% |
| Fixed assets | 21/28 | €5,246,643 | €5,721,004 | +€474,361 | +9.0% |
| Intangible fixed assets | 21 | €10,582 | €3,082 | -€7,500 | -70.9% |
| Tangible fixed assets | 22/27 | €4,336,060 | €4,817,921 | +€481,861 | +11.1% |
| Land and buildings | 22 | €2,140,884 | €2,030,907 | -€109,977 | -5.1% |
| Plant, machinery and equipment | 23 | €2,002,602 | €2,373,901 | +€371,299 | +18.5% |
| Furniture and vehicles | 24 | €192,574 | €413,113 | +€220,539 | +114.5% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Affiliated companies | 280/1 | €900,000 | €900,000 | = | 0.0% |
| Participating interests | 280 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €7,565,137 | €8,000,666 | +€435,529 | +5.8% |
| Stocks and contracts in progress | 3 | €60,664 | €88,500 | +€27,836 | +45.9% |
| Stocks | 30/36 | €60,664 | €88,500 | +€27,836 | +45.9% |
| Goods purchased for resale | 34 | €60,664 | €88,500 | +€27,836 | +45.9% |
| Amounts receivable within one year | 40/41 | €6,722,900 | €7,046,321 | +€323,422 | +4.8% |
| Trade receivables | 40 | €6,716,900 | €7,040,321 | +€323,422 | +4.8% |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Current investments | 50/53 | €168 | €168 | -€0 | -0.1% |
| Other investments | 51/53 | €168 | €168 | -€0 | -0.1% |
| Cash at bank and in hand | 54/58 | €485,301 | €634,007 | +€148,705 | +30.6% |
| Deferred charges and accrued income | 490/1 | €296,104 | €231,669 | -€64,434 | -21.8% |
| Total equity and liabilities | 10/49 | €12,811,779 | €13,721,669 | +€909,890 | +7.1% |
| Equity | 10/15 | €3,420,858 | €3,704,599 | +€283,741 | +8.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €110,925 | €110,925 | = | 0.0% |
| Distributable reserves | 133 | €110,925 | €110,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,209,933 | €3,493,674 | +€283,741 | +8.8% |
| Amounts payable | 17/49 | €9,390,921 | €10,017,070 | +€626,149 | +6.7% |
| Amounts payable after more than one year | 17 | €1,865,216 | €2,222,382 | +€357,166 | +19.1% |
| Financial debts | 170/4 | €1,865,216 | €2,222,382 | +€357,166 | +19.1% |
| Credit institutions | 173 | €1,865,216 | €2,222,382 | +€357,166 | +19.1% |
| Amounts payable within one year | 42/48 | €7,426,717 | €7,615,542 | +€188,825 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €580,791 | €642,833 | +€62,043 | +10.7% |
| Trade debts | 44 | €6,038,620 | €5,897,824 | -€140,796 | -2.3% |
| Suppliers | 440/4 | €6,038,620 | €5,897,824 | -€140,796 | -2.3% |
| Advances received on contracts in progress | 46 | €14,089 | €14,990 | +€900 | +6.4% |
| Taxes, remuneration and social security | 45 | €793,218 | €1,059,894 | +€266,677 | +33.6% |
| Taxes | 450/3 | €243,718 | €391,031 | +€147,313 | +60.4% |
| Remuneration and social security | 454/9 | €549,500 | €668,863 | +€119,363 | +21.7% |
| Accrued charges and deferred income | 492/3 | €98,988 | €179,147 | +€80,159 | +81.0% |
| Operating income | 70/76A | €23,007,662 | €26,750,240 | +€3.7m | +16.3% |
| Turnover | 70 | €22,310,325 | €26,152,033 | +€3.8m | +17.2% |
| Other operating income | 74 | €625,557 | €598,207 | -€27,350 | -4.4% |
| Non-recurring operating income | 76A | €71,781 | - | -€71,781 | |
| Operating charges | 60/66A | €22,527,487 | €26,225,705 | +€3.7m | +16.4% |
| Goods for resale, raw materials and consumables | 60 | €12,028,686 | €14,030,639 | +€2.0m | +16.6% |
| Purchases | 600/8 | €12,028,454 | €14,058,475 | +€2.0m | +16.9% |
| Change in stocks: decrease (increase) | 609 | €232 | -€27,836 | -€28,069 | |
| Services and other goods | 61 | €5,107,724 | €6,192,174 | +€1.1m | +21.2% |
| Remuneration, social security and pensions | 62 | €3,906,505 | €4,561,277 | +€654,773 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966,002 | €1,116,220 | +€150,217 | +15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €224,620 | €272,770 | +€48,150 | +21.4% |
| Other operating charges | 640/8 | €293,950 | €52,625 | -€241,326 | -82.1% |
| Operating profit (loss) | 9901 | €480,175 | €524,535 | +€44,360 | +9.2% |
| Financial income | 75/76B | €4,432 | €4,210 | -€222 | -5.0% |
| Recurring financial income | 75 | €4,432 | €4,210 | -€222 | -5.0% |
| Income from financial fixed assets | 750 | - | €2 | +€2 | |
| Income from current assets | 751 | €2,334 | €885 | -€1,450 | -62.1% |
| Other financial income | 752/9 | €2,097 | €3,323 | +€1,226 | +58.5% |
| Financial charges | 65/66B | €116,962 | €98,231 | -€18,731 | -16.0% |
| Recurring financial charges | 65 | €116,962 | €98,231 | -€18,731 | -16.0% |
| Debt charges | 650 | €105,262 | €85,902 | -€19,360 | -18.4% |
| Other financial charges | 652/9 | €11,700 | €12,328 | +€628 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €367,645 | €430,514 | +€62,869 | +17.1% |
| Income taxes | 67/77 | €125,146 | €146,774 | +€21,627 | +17.3% |
| Taxes | 670/3 | €125,146 | €147,311 | +€22,164 | +17.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €537 | +€537 | |
| Profit (loss) for the period | 9904 | €242,499 | €283,741 | +€41,242 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €242,499 | €283,741 | +€41,242 | +17.0% |
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.