GREALPA: 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.
GREALPA
Largest movements
- Tangible fixed assets -€33,260
down €33,260 (-9.6%), from €345,763 to €312,503
of which Land and buildings: -€27,799
- Profit (loss) carried forward -€32,147
down €32,147 (-11.3%), from -€285,160 to -€317,307
- Gross operating margin -€2,059
down €2,059 (-11.5%), from €17,878 to €15,819
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.
Derived cash bridge
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 | €350,663 | €316,413 | -€34,250 | -9.8% |
| Fixed assets | 21/28 | €345,763 | €312,503 | -€33,260 | -9.6% |
| Tangible fixed assets | 22/27 | €345,763 | €312,503 | -€33,260 | -9.6% |
| Land and buildings | 22 | €328,980 | €301,181 | -€27,799 | -8.5% |
| Other tangible fixed assets | 26 | €16,783 | €11,322 | -€5,461 | -32.5% |
| Current assets | 29/58 | €4,900 | €3,910 | -€990 | -20.2% |
| Cash at bank and in hand | 54/58 | €3,595 | €2,366 | -€1,230 | -34.2% |
| Deferred charges and accrued income | 490/1 | €1,305 | €1,544 | +€240 | +18.4% |
| Total equity and liabilities | 10/49 | €350,663 | €316,413 | -€34,250 | -9.8% |
| Equity | 10/15 | €319,997 | €287,849 | -€32,147 | -10.0% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €5,157 | €5,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,157 | €5,157 | = | 0.0% |
| Legal reserve | 130 | €5,157 | €5,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,160 | -€317,307 | -€32,147 | -11.3% |
| Amounts payable | 17/49 | €30,666 | €28,563 | -€2,102 | -6.9% |
| Amounts payable within one year | 42/48 | €369 | €200 | -€169 | -45.9% |
| Trade debts | 44 | €170 | €1 | -€169 | -99.5% |
| Suppliers | 440/4 | €170 | €1 | -€169 | -99.5% |
| Other amounts payable | 47/48 | €199 | €199 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €30,296 | €28,363 | -€1,933 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,260 | €33,260 | = | 0.0% |
| Other operating charges | 640/8 | €14,392 | €14,518 | +€126 | +0.9% |
| Gross operating margin | 9900 | €17,878 | €15,819 | -€2,059 | -11.5% |
| Operating profit (loss) | 9901 | -€29,774 | -€31,959 | -€2,186 | -7.3% |
| Financial charges | 65/66B | €127 | €188 | +€61 | +48.4% |
| Recurring financial charges | 65 | €127 | €188 | +€61 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,901 | -€32,147 | -€2,247 | -7.5% |
| Profit (loss) for the period | 9904 | -€29,901 | -€32,147 | -€2,247 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,901 | -€32,147 | -€2,247 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.