GREBO: 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.
GREBO
Largest movements
- Tangible fixed assets -€63,166
down €63,166 (-7.6%), from €833,336 to €770,170
of which Plant, machinery and equipment: -€40,401
- Profit (loss) carried forward -€69,371
down €69,371 (-16.7%), from -€416,197 to -€485,568
- Other operating charges +€2,014
up €2,014 (+1707.0%), from €118 to €2,132
- Gross operating margin -€247
down €247 (-6.6%), from -€3,721 to -€3,968
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 | €833,692 | €770,433 | -€63,260 | -7.6% |
| Fixed assets | 21/28 | €833,336 | €770,170 | -€63,166 | -7.6% |
| Tangible fixed assets | 22/27 | €833,336 | €770,170 | -€63,166 | -7.6% |
| Land and buildings | 22 | €667,007 | €644,243 | -€22,764 | -3.4% |
| Plant, machinery and equipment | 23 | €166,328 | €125,927 | -€40,401 | -24.3% |
| Current assets | 29/58 | €357 | €262 | -€94 | -26.4% |
| Cash at bank and in hand | 54/58 | €357 | €262 | -€94 | -26.4% |
| Total equity and liabilities | 10/49 | €833,692 | €770,433 | -€63,260 | -7.6% |
| Equity | 10/15 | -€351,197 | -€420,568 | -€69,371 | -19.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€416,197 | -€485,568 | -€69,371 | -16.7% |
| Amounts payable | 17/49 | €1,184,890 | €1,191,001 | +€6,111 | +0.5% |
| Amounts payable after more than one year | 17 | €1,167,685 | €1,167,685 | = | 0.0% |
| Financial debts | 170/4 | €1,167,685 | €1,167,685 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,204 | €23,315 | +€6,111 | +35.5% |
| Trade debts | 44 | €1,234 | €0 | -€1,234 | -100.0% |
| Suppliers | 440/4 | €1,234 | €0 | -€1,234 | -100.0% |
| Other amounts payable | 47/48 | €15,970 | €23,315 | +€7,345 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,166 | €63,166 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €2,132 | +€2,014 | +1707.0% |
| Gross operating margin | 9900 | -€3,721 | -€3,968 | -€247 | -6.6% |
| Operating profit (loss) | 9901 | -€67,005 | -€69,266 | -€2,261 | -3.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€67,109 | -€69,371 | -€2,261 | -3.4% |
| Profit (loss) for the period | 9904 | -€67,109 | -€69,371 | -€2,261 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,109 | -€69,371 | -€2,261 | -3.4% |
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 10 October 2026 via checked.be.