GRDT: 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.
GRDT
Largest movements
- Receivables within one year -€839
down €839 (-34.5%), from €2,430 to €1,590
of which Other amounts receivable: -€734
- Cash +€107
up €107 (+145.9%), from €74 to €181
mainly Receivables within one year (+€839) and Trade debts (+€431)
- Profit (loss) carried forward -€1,206
down €1,206 (-46.4%), from -€2,601 to -€3,807
- Trade debts +€431
up €431 (+413.4%), from €104 to €535
- Tax, wage and social debts +€43
new in 2025: €43
- Gross operating margin +€523
up €523 (+44.5%), from -€1,177 to -€654
- Other operating charges +€400
new in 2025: €400
- Financial income -€105
down €105 (-56.7%), from €185 to €80
- Financial charges +€45
up €45 (+24.2%), from €188 to €233
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 | €2,503 | €1,771 | -€732 | -29.2% |
| Current assets | 29/58 | €2,503 | €1,771 | -€732 | -29.2% |
| Amounts receivable within one year | 40/41 | €2,430 | €1,590 | -€839 | -34.5% |
| Trade receivables | 40 | €545 | €439 | -€106 | -19.4% |
| Other amounts receivable | 41 | €1,885 | €1,152 | -€734 | -38.9% |
| Cash at bank and in hand | 54/58 | €74 | €181 | +€107 | +145.9% |
| Total equity and liabilities | 10/49 | €2,503 | €1,771 | -€732 | -29.2% |
| Equity | 10/15 | €2,399 | €1,193 | -€1,206 | -50.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,601 | -€3,807 | -€1,206 | -46.4% |
| Amounts payable | 17/49 | €104 | €578 | +€474 | +454.6% |
| Amounts payable within one year | 42/48 | €104 | €578 | +€474 | +454.6% |
| Trade debts | 44 | €104 | €535 | +€431 | +413.4% |
| Suppliers | 440/4 | €104 | €535 | +€431 | +413.4% |
| Taxes, remuneration and social security | 45 | - | €43 | +€43 | |
| Taxes | 450/3 | - | €43 | +€43 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€1,177 | -€654 | +€523 | +44.5% |
| Operating profit (loss) | 9901 | -€1,177 | -€1,053 | +€123 | +10.5% |
| Financial income | 75/76B | €185 | €80 | -€105 | -56.7% |
| Recurring financial income | 75 | €185 | €80 | -€105 | -56.7% |
| Financial charges | 65/66B | €188 | €233 | +€45 | +24.2% |
| Recurring financial charges | 65 | €188 | €233 | +€45 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,179 | -€1,206 | -€27 | -2.3% |
| Profit (loss) for the period | 9904 | -€1,179 | -€1,206 | -€27 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,179 | -€1,206 | -€27 | -2.3% |
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.