GREDELEC MACHINES: 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.
GREDELEC MACHINES
Largest movements
- Receivables within one year -€164,900
down €164,900 (-32.0%), from €515,235 to €350,335
of which Trade receivables: -€142,037
- Stocks and contracts -€48,200
down €48,200 (-11.4%), from €422,700 to €374,500
- Tangible fixed assets +€19,962
up €19,962 (+215%), from €9,296 to €29,258
of which Furniture and vehicles: +€25,129
- Short-term financial debts -€171,027
down €171,027 (-44.2%), from €387,299 to €216,272
- Trade debts +€148,061
up €148,061 (+77.3%), from €191,611 to €339,672
- Profit (loss) carried forward -€77,231
new in 2025: -€77,231
- Other debts -€48,510
down €48,510 (-16.1%), from €300,543 to €252,033
- Reserves -€40,739
no longer reported in 2025 (was €40,739)
of which Distributable reserves: -€38,880
- Gross operating margin -€162,548
down €162,548 (-41.6%), from €390,623 to €228,075
- Staff costs -€44,774
down €44,774 (-13.2%), from €339,336 to €294,562
- Other operating charges +€12,462
up €12,462 (+516%), from €2,415 to €14,877
- Taxes -€9,352
down €9,352 (-94.9%), from €9,858 to €506
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 | €974,976 | €787,627 | -€187,349 | -19.2% |
| Fixed assets | 21/28 | €9,296 | €29,258 | +€19,962 | +215% |
| Tangible fixed assets | 22/27 | €9,296 | €29,258 | +€19,962 | +215% |
| Plant, machinery and equipment | 23 | €7,773 | €1,761 | -€6,012 | -77.3% |
| Furniture and vehicles | 24 | - | €25,129 | +€25,129 | |
| Other tangible fixed assets | 26 | €1,523 | €2,367 | +€844 | +55.4% |
| Current assets | 29/58 | €965,680 | €758,369 | -€207,311 | -21.5% |
| Stocks and contracts in progress | 3 | €422,700 | €374,500 | -€48,200 | -11.4% |
| Stocks | 30/36 | €422,700 | €374,500 | -€48,200 | -11.4% |
| Amounts receivable within one year | 40/41 | €515,235 | €350,335 | -€164,900 | -32.0% |
| Trade receivables | 40 | €486,846 | €344,809 | -€142,037 | -29.2% |
| Other amounts receivable | 41 | €28,389 | €5,526 | -€22,863 | -80.5% |
| Cash at bank and in hand | 54/58 | €27,745 | €26,570 | -€1,175 | -4.2% |
| Deferred charges and accrued income | 490/1 | - | €6,964 | +€6,964 | |
| Total equity and liabilities | 10/49 | €974,976 | €787,627 | -€187,349 | -19.2% |
| Equity | 10/15 | €59,331 | -€56,779 | -€116,110 | |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €40,739 | - | -€40,739 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €38,880 | - | -€38,880 | |
| Profit (loss) carried forward | 14 | - | -€77,231 | -€77,231 | |
| Amounts payable | 17/49 | €915,645 | €844,406 | -€71,239 | -7.8% |
| Amounts payable within one year | 42/48 | €915,645 | €844,406 | -€71,239 | -7.8% |
| Financial debts | 43 | €387,299 | €216,272 | -€171,027 | -44.2% |
| Credit institutions | 430/8 | €387,299 | €216,272 | -€171,027 | -44.2% |
| Trade debts | 44 | €191,611 | €339,672 | +€148,061 | +77.3% |
| Suppliers | 440/4 | €191,611 | €339,672 | +€148,061 | +77.3% |
| Taxes, remuneration and social security | 45 | €36,192 | €36,430 | +€238 | +0.7% |
| Taxes | 450/3 | €15,092 | €3,329 | -€11,763 | -77.9% |
| Remuneration and social security | 454/9 | €21,100 | €33,101 | +€12,001 | +56.9% |
| Other amounts payable | 47/48 | €300,543 | €252,033 | -€48,510 | -16.1% |
| Remuneration, social security and pensions | 62 | €339,336 | €294,562 | -€44,774 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,102 | €8,608 | -€1,494 | -14.8% |
| Other operating charges | 640/8 | €2,415 | €14,877 | +€12,462 | +516% |
| Gross operating margin | 9900 | €390,623 | €228,075 | -€162,548 | -41.6% |
| Operating profit (loss) | 9901 | €38,770 | -€89,972 | -€128,742 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €27,094 | €25,635 | -€1,459 | -5.4% |
| Recurring financial charges | 65 | €22,190 | €25,635 | +€3,445 | +15.5% |
| Non-recurring financial charges | 66B | €4,904 | - | -€4,904 | |
| Profit (loss) for the period before taxes | 9903 | €11,676 | -€115,605 | -€127,281 | |
| Income taxes | 67/77 | €9,858 | €506 | -€9,352 | -94.9% |
| Profit (loss) for the period | 9904 | €1,818 | -€116,111 | -€117,929 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,818 | -€116,111 | -€117,929 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.