GREBACON: 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.
GREBACON
Largest movements
- Cash +€17,176
up €17,176 (+10.4%), from €165,437 to €182,612
mainly Other debts (+€164,618) and Net result for the year (+€12,201)
- Receivables within one year -€6,619
down €6,619 (-21.5%), from €30,857 to €24,238
of which Other amounts receivable: -€6,565
- Other debts +€164,618
up €164,618 (+4,868%), from €3,382 to €168,000
- Reserves -€155,799
down €155,799 (-81.8%), from €190,356 to €34,557
- Trade debts +€2,635
up €2,635 (+379%), from €696 to €3,330
- Gross operating margin +€2,947
up €2,947 (+13.1%), from €22,540 to €25,487
- Depreciation +€2,337
up €2,337 (+47.8%), from €4,890 to €7,227
- Other operating charges +€527
up €527 (+66.6%), from €791 to €1,318
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 | €220,388 | €230,296 | +€9,907 | +4.5% |
| Fixed assets | 21/28 | €21,828 | €19,917 | -€1,912 | -8.8% |
| Tangible fixed assets | 22/27 | €21,828 | €19,917 | -€1,912 | -8.8% |
| Furniture and vehicles | 24 | €19,890 | €18,407 | -€1,483 | -7.5% |
| Other tangible fixed assets | 26 | €1,938 | €1,509 | -€429 | -22.1% |
| Current assets | 29/58 | €198,560 | €210,379 | +€11,819 | +6.0% |
| Amounts receivable within one year | 40/41 | €30,857 | €24,238 | -€6,619 | -21.5% |
| Trade receivables | 40 | €18,075 | €18,021 | -€54 | -0.3% |
| Other amounts receivable | 41 | €12,782 | €6,217 | -€6,565 | -51.4% |
| Cash at bank and in hand | 54/58 | €165,437 | €182,612 | +€17,176 | +10.4% |
| Deferred charges and accrued income | 490/1 | €2,267 | €3,529 | +€1,262 | +55.7% |
| Total equity and liabilities | 10/49 | €220,388 | €230,296 | +€9,907 | +4.5% |
| Equity | 10/15 | €208,956 | €53,157 | -€155,799 | -74.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,356 | €34,557 | -€155,799 | -81.8% |
| Distributable reserves | 133 | €190,356 | €34,557 | -€155,799 | -81.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,433 | €177,139 | +€165,706 | +1,449% |
| Amounts payable within one year | 42/48 | €11,433 | €177,139 | +€165,706 | +1,449% |
| Trade debts | 44 | €696 | €3,330 | +€2,635 | +379% |
| Suppliers | 440/4 | €696 | €3,330 | +€2,635 | +379% |
| Taxes, remuneration and social security | 45 | €7,355 | €5,808 | -€1,547 | -21.0% |
| Taxes | 450/3 | €7,355 | €5,808 | -€1,547 | -21.0% |
| Other amounts payable | 47/48 | €3,382 | €168,000 | +€164,618 | +4,868% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,890 | €7,227 | +€2,337 | +47.8% |
| Other operating charges | 640/8 | €791 | €1,318 | +€527 | +66.6% |
| Gross operating margin | 9900 | €22,540 | €25,487 | +€2,947 | +13.1% |
| Operating profit (loss) | 9901 | €16,860 | €16,943 | +€83 | +0.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €918 | €1,054 | +€136 | +14.8% |
| Recurring financial charges | 65 | €918 | €1,054 | +€136 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €15,941 | €15,890 | -€52 | -0.3% |
| Income taxes | 67/77 | €3,802 | €3,689 | -€114 | -3.0% |
| Profit (loss) for the period | 9904 | €12,139 | €12,201 | +€62 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,139 | €12,201 | +€62 | +0.5% |
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 30 October 2026 via checked.be.