GREDDY: 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.
GREDDY
Largest movements
- Tangible fixed assets -€10,681
down €10,681 (-6.6%), from €161,760 to €151,079
- Cash +€9,154
up €9,154 (+148.0%), from €6,184 to €15,338
mainly Depreciation (+€10,681) and Other debts (+€8,216)
- Profit (loss) carried forward -€11,116
down €11,116 (-12.7%), from -€87,362 to -€98,478
- Other debts +€8,216
up €8,216 (+11.6%), from €70,805 to €79,021
- Gross operating margin -€2,415
down €2,415 (-49.5%), from €4,878 to €2,463
- Depreciation -€1,314
down €1,314 (-11.0%), from €11,995 to €10,681
- Other operating charges +€338
up €338 (+13.5%), from €2,500 to €2,838
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 | €170,258 | €167,372 | -€2,886 | -1.7% |
| Fixed assets | 21/28 | €161,760 | €151,079 | -€10,681 | -6.6% |
| Tangible fixed assets | 22/27 | €161,760 | €151,079 | -€10,681 | -6.6% |
| Land and buildings | 22 | €161,760 | €151,079 | -€10,681 | -6.6% |
| Current assets | 29/58 | €8,498 | €16,294 | +€7,796 | +91.7% |
| Amounts receivable within one year | 40/41 | €1,400 | €0 | -€1,400 | -100.0% |
| Trade receivables | 40 | €1,400 | €0 | -€1,400 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,184 | €15,338 | +€9,154 | +148.0% |
| Deferred charges and accrued income | 490/1 | €914 | €956 | +€41 | +4.5% |
| Total equity and liabilities | 10/49 | €170,258 | €167,372 | -€2,886 | -1.7% |
| Equity | 10/15 | €98,998 | €87,881 | -€11,116 | -11.2% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €360 | €360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €360 | €360 | = | 0.0% |
| Legal reserve | 130 | €360 | €360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,362 | -€98,478 | -€11,116 | -12.7% |
| Amounts payable | 17/49 | €71,260 | €79,491 | +€8,231 | +11.6% |
| Amounts payable within one year | 42/48 | €71,260 | €79,491 | +€8,231 | +11.6% |
| Trade debts | 44 | €456 | €470 | +€14 | +3.1% |
| Suppliers | 440/4 | €456 | €470 | +€14 | +3.1% |
| Other amounts payable | 47/48 | €70,805 | €79,021 | +€8,216 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,995 | €10,681 | -€1,314 | -11.0% |
| Other operating charges | 640/8 | €2,500 | €2,838 | +€338 | +13.5% |
| Gross operating margin | 9900 | €4,878 | €2,463 | -€2,415 | -49.5% |
| Operating profit (loss) | 9901 | -€9,617 | -€11,056 | -€1,440 | -15.0% |
| Financial charges | 65/66B | €59 | €60 | +€2 | +2.6% |
| Recurring financial charges | 65 | €59 | €60 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,675 | -€11,116 | -€1,441 | -14.9% |
| Profit (loss) for the period | 9904 | -€9,675 | -€11,116 | -€1,441 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,675 | -€11,116 | -€1,441 | -14.9% |
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 11 October 2026 via checked.be.