GREDEN: 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.
GREDEN
Largest movements
- Tangible fixed assets -€97,632
down €97,632 (-28.9%), from €337,795 to €240,163
of which Furniture and vehicles: -€74,497
- Receivables within one year -€69,264
down €69,264 (-47.5%), from €145,671 to €76,407
of which Other amounts receivable: -€83,525
- Cash -€56,147
down €56,147 (-42.2%), from €132,894 to €76,747
mainly Debts after one year (-€79,202) and Contributions, distributions and other (-€75,000)
- Receivables after one year -€15,000
down €15,000 (-75.0%), from €20,000 to €5,000
- Profit (loss) carried forward -€114,801
down €114,801 (-70.2%), from €163,550 to €48,749
- Debts after one year -€79,202
down €79,202 (-34.3%), from €230,779 to €151,577
- Other debts -€17,914
down €17,914 (-67.8%), from €26,433 to €8,520
- Trade debts -€15,817
down €15,817 (-4.7%), from €337,887 to €322,070
- Tax, wage and social debts -€14,676
down €14,676 (-15.7%), from €93,341 to €78,665
of which Taxes: -€10,868
- Financial income -€44,821
down €44,821 (-99.5%), from €45,050 to €229
of which Non-recurring financial income: -€44,648
- Staff costs +€28,914
up €28,914 (+11.6%), from €249,629 to €278,543
- Other operating charges +€18,659
up €18,659 (+124%), from €15,047 to €33,706
- Taxes -€14,722
down €14,722 (-99.2%), from €14,842 to €120
- Gross operating margin +€9,406
up €9,406 (+2.6%), from €359,830 to €369,236
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 | €1,004,827 | €764,911 | -€239,916 | -23.9% |
| Fixed assets | 21/28 | €339,525 | €241,893 | -€97,632 | -28.8% |
| Tangible fixed assets | 22/27 | €337,795 | €240,163 | -€97,632 | -28.9% |
| Plant, machinery and equipment | 23 | €8,140 | €26,551 | +€18,411 | +226% |
| Furniture and vehicles | 24 | €112,770 | €38,273 | -€74,497 | -66.1% |
| Other tangible fixed assets | 26 | €216,885 | €175,339 | -€41,546 | -19.2% |
| Financial fixed assets | 28 | €1,729 | €1,729 | = | 0.0% |
| Current assets | 29/58 | €665,302 | €523,018 | -€142,284 | -21.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Other amounts receivable | 291 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Stocks and contracts in progress | 3 | €352,379 | €349,802 | -€2,577 | -0.7% |
| Stocks | 30/36 | €352,379 | €349,802 | -€2,577 | -0.7% |
| Amounts receivable within one year | 40/41 | €145,671 | €76,407 | -€69,264 | -47.5% |
| Trade receivables | 40 | €58,656 | €72,917 | +€14,261 | +24.3% |
| Other amounts receivable | 41 | €87,015 | €3,490 | -€83,525 | -96.0% |
| Cash at bank and in hand | 54/58 | €132,894 | €76,747 | -€56,147 | -42.2% |
| Deferred charges and accrued income | 490/1 | €14,357 | €15,061 | +€704 | +4.9% |
| Total equity and liabilities | 10/49 | €1,004,827 | €764,911 | -€239,916 | -23.9% |
| Equity | 10/15 | €233,550 | €118,749 | -€114,801 | -49.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,550 | €48,749 | -€114,801 | -70.2% |
| Amounts payable | 17/49 | €771,276 | €646,162 | -€125,115 | -16.2% |
| Amounts payable after more than one year | 17 | €230,779 | €151,577 | -€79,202 | -34.3% |
| Financial debts | 170/4 | €230,779 | €151,577 | -€79,202 | -34.3% |
| Amounts payable within one year | 42/48 | €534,370 | €488,457 | -€45,913 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €76,708 | €79,202 | +€2,494 | +3.3% |
| Trade debts | 44 | €337,887 | €322,070 | -€15,817 | -4.7% |
| Suppliers | 440/4 | €337,887 | €322,070 | -€15,817 | -4.7% |
| Taxes, remuneration and social security | 45 | €93,341 | €78,665 | -€14,676 | -15.7% |
| Taxes | 450/3 | €14,907 | €4,039 | -€10,868 | -72.9% |
| Remuneration and social security | 454/9 | €78,434 | €74,627 | -€3,808 | -4.9% |
| Other amounts payable | 47/48 | €26,433 | €8,520 | -€17,914 | -67.8% |
| Accrued charges and deferred income | 492/3 | €6,128 | €6,128 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €249,629 | €278,543 | +€28,914 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,682 | €69,566 | +€3,884 | +5.9% |
| Other operating charges | 640/8 | €15,047 | €33,706 | +€18,659 | +124% |
| Non-recurring operating charges | 66A | - | €7,656 | +€7,656 | |
| Gross operating margin | 9900 | €359,830 | €369,236 | +€9,406 | +2.6% |
| Operating profit (loss) | 9901 | €29,473 | -€20,235 | -€49,707 | |
| Financial income | 75/76B | €45,050 | €229 | -€44,821 | -99.5% |
| Recurring financial income | 75 | €402 | €229 | -€173 | -42.9% |
| Non-recurring financial income | 76B | €44,648 | - | -€44,648 | |
| Financial charges | 65/66B | €12,480 | €19,676 | +€7,196 | +57.7% |
| Recurring financial charges | 65 | €12,480 | €19,676 | +€7,196 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €62,043 | -€39,681 | -€101,724 | |
| Income taxes | 67/77 | €14,842 | €120 | -€14,722 | -99.2% |
| Profit (loss) for the period | 9904 | €47,201 | -€39,801 | -€87,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,201 | -€39,801 | -€87,002 |
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 30 October 2026 via checked.be.