GREEK IT: 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.
GREEK IT
Largest movements
- Tangible fixed assets +€58,642
up €58,642 (+148%), from €39,674 to €98,316
of which Furniture and vehicles: +€62,154
- Cash -€14,006
down €14,006 (-34.3%), from €40,846 to €26,840
mainly Investment in fixed assets (net) (-€72,010) and Stocks and contracts (-€9,791)
- Stocks and contracts +€9,791
up €9,791 (+141%), from €6,943 to €16,734
- Other debts +€28,000
new in 2025: €28,000
- Trade debts +€10,775
up €10,775 (+176%), from €6,106 to €16,881
- Tax, wage and social debts +€8,391
up €8,391 (+32.4%), from €25,862 to €34,253
of which Taxes: +€5,379
- Profit (loss) carried forward +€8,142
up €8,142 (+67.5%), from €12,069 to €20,211
- Staff costs +€92,269
up €92,269 (+54.9%), from €167,978 to €260,247
- Gross operating margin +€50,031
up €50,031 (+19.9%), from €251,303 to €301,334
- Depreciation +€4,181
up €4,181 (+45.5%), from €9,187 to €13,368
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 | €114,037 | €169,345 | +€55,308 | +48.5% |
| Fixed assets | 21/28 | €60,824 | €119,466 | +€58,642 | +96.4% |
| Tangible fixed assets | 22/27 | €39,674 | €98,316 | +€58,642 | +148% |
| Plant, machinery and equipment | 23 | €8,530 | €6,309 | -€2,221 | -26.0% |
| Furniture and vehicles | 24 | €2,201 | €64,355 | +€62,154 | +2,824% |
| Other tangible fixed assets | 26 | €28,943 | €27,652 | -€1,291 | -4.5% |
| Financial fixed assets | 28 | €21,150 | €21,150 | = | 0.0% |
| Current assets | 29/58 | €53,213 | €49,879 | -€3,334 | -6.3% |
| Stocks and contracts in progress | 3 | €6,943 | €16,734 | +€9,791 | +141% |
| Stocks | 30/36 | €6,943 | €16,734 | +€9,791 | +141% |
| Amounts receivable within one year | 40/41 | €5,424 | €6,305 | +€881 | +16.2% |
| Trade receivables | 40 | €3,593 | €172 | -€3,421 | -95.2% |
| Other amounts receivable | 41 | €1,831 | €6,133 | +€4,302 | +235% |
| Cash at bank and in hand | 54/58 | €40,846 | €26,840 | -€14,006 | -34.3% |
| Total equity and liabilities | 10/49 | €114,037 | €169,345 | +€55,308 | +48.5% |
| Equity | 10/15 | €82,069 | €90,211 | +€8,142 | +9.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,069 | €20,211 | +€8,142 | +67.5% |
| Amounts payable | 17/49 | €31,968 | €79,134 | +€47,166 | +148% |
| Amounts payable within one year | 42/48 | €31,968 | €79,134 | +€47,166 | +148% |
| Trade debts | 44 | €6,106 | €16,881 | +€10,775 | +176% |
| Suppliers | 440/4 | €6,106 | €16,881 | +€10,775 | +176% |
| Taxes, remuneration and social security | 45 | €25,862 | €34,253 | +€8,391 | +32.4% |
| Taxes | 450/3 | €9,125 | €14,504 | +€5,379 | +58.9% |
| Remuneration and social security | 454/9 | €16,737 | €19,749 | +€3,012 | +18.0% |
| Other amounts payable | 47/48 | - | €28,000 | +€28,000 | |
| Remuneration, social security and pensions | 62 | €167,978 | €260,247 | +€92,269 | +54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,187 | €13,368 | +€4,181 | +45.5% |
| Other operating charges | 640/8 | €942 | €65 | -€877 | -93.1% |
| Non-recurring operating charges | 66A | - | €4,629 | +€4,629 | |
| Gross operating margin | 9900 | €251,303 | €301,334 | +€50,031 | +19.9% |
| Operating profit (loss) | 9901 | €73,196 | €23,025 | -€50,171 | -68.5% |
| Financial charges | 65/66B | €7,125 | €7,487 | +€362 | +5.1% |
| Recurring financial charges | 65 | €7,125 | €7,487 | +€362 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €66,071 | €15,538 | -€50,533 | -76.5% |
| Income taxes | 67/77 | €7,101 | €7,396 | +€295 | +4.2% |
| Profit (loss) for the period | 9904 | €58,970 | €8,142 | -€50,828 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,970 | €8,142 | -€50,828 | -86.2% |
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 30 October 2026 via checked.be.