GREDI: 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.
GREDI
Largest movements
- Tangible fixed assets -€8,123
down €8,123 (-12.0%), from €67,786 to €59,663
of which Land and buildings: -€5,095
- Receivables within one year -€2,850
down €2,850 (-58.7%), from €4,855 to €2,005
of which Other amounts receivable: -€2,963
- Debts after one year -€7,717
down €7,717 (-23.7%), from €32,548 to €24,831
- Accrued charges and deferred income -€3,600
down €3,600 (-62.5%), from €5,763 to €2,163
- Trade debts +€2,605
up €2,605 (+46.5%), from €5,605 to €8,210
- Other debts -€2,190
down €2,190 (-12.5%), from €17,511 to €15,321
- Reserves +€1,175
up €1,175 (+14.3%), from €8,217 to €9,392
- Depreciation -€2,718
down €2,718 (-19.4%), from €14,035 to €11,317
- Gross operating margin +€2,202
up €2,202 (+14.4%), from €15,281 to €17,483
- Taxes +€1,024
up €1,024 (+701.4%), from €146 to €1,170
- Financial charges +€959
up €959 (+214.1%), from €448 to €1,407
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 | €96,366 | €86,226 | -€10,140 | -10.5% |
| Fixed assets | 21/28 | €68,286 | €60,163 | -€8,123 | -11.9% |
| Tangible fixed assets | 22/27 | €67,786 | €59,663 | -€8,123 | -12.0% |
| Land and buildings | 22 | €51,977 | €46,882 | -€5,095 | -9.8% |
| Plant, machinery and equipment | 23 | €1,846 | €318 | -€1,528 | -82.8% |
| Other tangible fixed assets | 26 | €13,963 | €12,463 | -€1,500 | -10.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €28,080 | €26,063 | -€2,017 | -7.2% |
| Amounts receivable within one year | 40/41 | €4,855 | €2,005 | -€2,850 | -58.7% |
| Trade receivables | 40 | - | €113 | +€113 | |
| Other amounts receivable | 41 | €4,855 | €1,892 | -€2,963 | -61.0% |
| Cash at bank and in hand | 54/58 | €23,225 | €24,058 | +€833 | +3.6% |
| Total equity and liabilities | 10/49 | €96,366 | €86,226 | -€10,140 | -10.5% |
| Equity | 10/15 | €26,809 | €27,984 | +€1,175 | +4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,217 | €9,392 | +€1,175 | +14.3% |
| Distributable reserves | 133 | €8,217 | €9,392 | +€1,175 | +14.3% |
| Amounts payable | 17/49 | €69,557 | €58,242 | -€11,315 | -16.3% |
| Amounts payable after more than one year | 17 | €32,548 | €24,831 | -€7,717 | -23.7% |
| Financial debts | 170/4 | €32,548 | €24,831 | -€7,717 | -23.7% |
| Amounts payable within one year | 42/48 | €31,246 | €31,248 | +€2 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €7,452 | €7,717 | +€265 | +3.6% |
| Financial debts | 43 | €678 | - | -€678 | |
| Credit institutions | 430/8 | €678 | - | -€678 | |
| Trade debts | 44 | €5,605 | €8,210 | +€2,605 | +46.5% |
| Suppliers | 440/4 | €5,605 | €8,210 | +€2,605 | +46.5% |
| Other amounts payable | 47/48 | €17,511 | €15,321 | -€2,190 | -12.5% |
| Accrued charges and deferred income | 492/3 | €5,763 | €2,163 | -€3,600 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,035 | €11,317 | -€2,718 | -19.4% |
| Other operating charges | 640/8 | €2,346 | €2,414 | +€68 | +2.9% |
| Gross operating margin | 9900 | €15,281 | €17,483 | +€2,202 | +14.4% |
| Operating profit (loss) | 9901 | -€1,100 | €3,752 | +€4,852 | |
| Financial charges | 65/66B | €448 | €1,407 | +€959 | +214.1% |
| Recurring financial charges | 65 | €448 | €1,407 | +€959 | +214.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,548 | €2,345 | +€3,893 | |
| Income taxes | 67/77 | €146 | €1,170 | +€1,024 | +701.4% |
| Profit (loss) for the period | 9904 | -€1,694 | €1,175 | +€2,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,694 | €1,175 | +€2,869 |
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.