Grecanico: 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.
Grecanico
Largest movements
- Receivables within one year +€118,117
up €118,117 (+54.0%), from €218,892 to €337,009
of which Trade receivables: +€119,490
- Stocks and contracts +€74,185
up €74,185 (+81.5%), from €90,986 to €165,171
- Trade debts +€92,916
up €92,916 (+36.7%), from €253,240 to €346,157
- Profit (loss) carried forward +€87,290
up €87,290 (+415.2%), from €21,024 to €108,314
- Tax, wage and social debts +€32,499
up €32,499 (+275.7%), from €11,788 to €44,287
of which Taxes: +€31,558
- Debts after one year -€19,556
down €19,556 (-24.9%), from €78,478 to €58,922
- Gross operating margin +€86,611
up €86,611 (+162.1%), from €53,430 to €140,040
- Taxes +€23,458
up €23,458 (+332.2%), from €7,062 to €30,520
- Depreciation -€5,757
down €5,757 (-38.1%), from €15,121 to €9,364
- Financial charges +€2,705
up €2,705 (+27.6%), from €9,796 to €12,502
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 | €444,918 | €632,809 | +€187,891 | +42.2% |
| Fixed assets | 21/28 | €70,882 | €66,893 | -€3,989 | -5.6% |
| Tangible fixed assets | 22/27 | €68,808 | €64,819 | -€3,989 | -5.8% |
| Land and buildings | 22 | €13,466 | €11,890 | -€1,576 | -11.7% |
| Plant, machinery and equipment | 23 | €23,967 | €22,775 | -€1,192 | -5.0% |
| Furniture and vehicles | 24 | €31,375 | €30,155 | -€1,220 | -3.9% |
| Financial fixed assets | 28 | €2,074 | €2,074 | = | 0.0% |
| Current assets | 29/58 | €374,035 | €565,915 | +€191,880 | +51.3% |
| Stocks and contracts in progress | 3 | €90,986 | €165,171 | +€74,185 | +81.5% |
| Stocks | 30/36 | €90,986 | €165,171 | +€74,185 | +81.5% |
| Amounts receivable within one year | 40/41 | €218,892 | €337,009 | +€118,117 | +54.0% |
| Trade receivables | 40 | €217,519 | €337,009 | +€119,490 | +54.9% |
| Other amounts receivable | 41 | €1,372 | - | -€1,372 | |
| Cash at bank and in hand | 54/58 | €62,302 | €63,625 | +€1,323 | +2.1% |
| Deferred charges and accrued income | 490/1 | €1,856 | €111 | -€1,745 | -94.0% |
| Total equity and liabilities | 10/49 | €444,918 | €632,809 | +€187,891 | +42.2% |
| Equity | 10/15 | €41,024 | €128,314 | +€87,290 | +212.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,024 | €108,314 | +€87,290 | +415.2% |
| Amounts payable | 17/49 | €403,894 | €504,495 | +€100,601 | +24.9% |
| Amounts payable after more than one year | 17 | €78,478 | €58,922 | -€19,556 | -24.9% |
| Financial debts | 170/4 | €78,478 | €58,922 | -€19,556 | -24.9% |
| Amounts payable within one year | 42/48 | €322,116 | €445,573 | +€123,457 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €18,693 | €19,556 | +€862 | +4.6% |
| Trade debts | 44 | €253,240 | €346,157 | +€92,916 | +36.7% |
| Suppliers | 440/4 | €253,240 | €346,157 | +€92,916 | +36.7% |
| Advances received on contracts in progress | 46 | €8,884 | €2,612 | -€6,272 | -70.6% |
| Taxes, remuneration and social security | 45 | €11,788 | €44,287 | +€32,499 | +275.7% |
| Taxes | 450/3 | €7,730 | €39,287 | +€31,558 | +408.3% |
| Remuneration and social security | 454/9 | €4,059 | €5,000 | +€941 | +23.2% |
| Other amounts payable | 47/48 | €29,510 | €32,961 | +€3,451 | +11.7% |
| Accrued charges and deferred income | 492/3 | €3,300 | - | -€3,300 | |
| Remuneration, social security and pensions | 62 | €212 | - | -€212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,121 | €9,364 | -€5,757 | -38.1% |
| Other operating charges | 640/8 | €353 | €409 | +€56 | +16.0% |
| Gross operating margin | 9900 | €53,430 | €140,040 | +€86,611 | +162.1% |
| Operating profit (loss) | 9901 | €37,744 | €130,267 | +€92,524 | +245.1% |
| Financial income | 75/76B | €139 | €44 | -€94 | -68.1% |
| Recurring financial income | 75 | €139 | €44 | -€94 | -68.1% |
| Financial charges | 65/66B | €9,796 | €12,502 | +€2,705 | +27.6% |
| Recurring financial charges | 65 | €9,796 | €12,502 | +€2,705 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €28,086 | €117,810 | +€89,724 | +319.5% |
| Income taxes | 67/77 | €7,062 | €30,520 | +€23,458 | +332.2% |
| Profit (loss) for the period | 9904 | €21,024 | €87,290 | +€66,266 | +315.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,024 | €87,290 | +€66,266 | +315.2% |
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.