GREEVE MANAGEMENT: 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.
GREEVE MANAGEMENT
Largest movements
- Cash -€116,641
down €116,641 (-98.8%), from €118,073 to €1,432
mainly Net result for the year (-€73,001) and Other debts (-€64,896)
- Receivables within one year +€28,573
up €28,573 (+88.1%), from €32,434 to €61,007
of which Trade receivables: +€25,135
- Tangible fixed assets -€27,913
down €27,913 (-19.9%), from €140,150 to €112,237
- Other debts -€64,896
down €64,896 (-80.2%), from €80,901 to €16,005
- Debts after one year -€26,471
down €26,471 (-24.8%), from €106,760 to €80,289
- Tax, wage and social debts -€17,811
down €17,811 (-100%), from €17,811 to €0
- Trade debts -€17,787
down €17,787 (-45.4%), from €39,173 to €21,386
- Profit (loss) carried forward +€7,900
new in 2025: €7,900
- Gross operating margin -€160,101
down €160,101, from €124,155 to -€35,946
- Depreciation +€24,168
up €24,168 (+343%), from €7,044 to €31,211
- Taxes -€21,898
down €21,898 (-98.2%), from €22,305 to €406
- Other operating charges -€10,070
down €10,070 (-85.2%), from €11,816 to €1,746
- Financial charges +€1,489
up €1,489 (+52.9%), from €2,816 to €4,305
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 | €290,656 | €174,675 | -€115,981 | -39.9% |
| Fixed assets | 21/28 | €140,150 | €112,237 | -€27,913 | -19.9% |
| Tangible fixed assets | 22/27 | €140,150 | €112,237 | -€27,913 | -19.9% |
| Furniture and vehicles | 24 | €140,150 | €112,237 | -€27,913 | -19.9% |
| Current assets | 29/58 | €150,507 | €62,438 | -€88,068 | -58.5% |
| Amounts receivable within one year | 40/41 | €32,434 | €61,007 | +€28,573 | +88.1% |
| Trade receivables | 40 | €14,552 | €39,687 | +€25,135 | +173% |
| Other amounts receivable | 41 | €17,882 | €21,320 | +€3,437 | +19.2% |
| Cash at bank and in hand | 54/58 | €118,073 | €1,432 | -€116,641 | -98.8% |
| Total equity and liabilities | 10/49 | €290,656 | €174,675 | -€115,981 | -39.9% |
| Equity | 10/15 | €20,460 | €28,360 | +€7,900 | +38.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €7,900 | +€7,900 | |
| Amounts payable | 17/49 | €270,196 | €146,315 | -€123,881 | -45.8% |
| Amounts payable after more than one year | 17 | €106,760 | €80,289 | -€26,471 | -24.8% |
| Financial debts | 170/4 | €106,760 | €80,289 | -€26,471 | -24.8% |
| Amounts payable within one year | 42/48 | €163,436 | €66,026 | -€97,410 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €25,552 | €28,635 | +€3,083 | +12.1% |
| Trade debts | 44 | €39,173 | €21,386 | -€17,787 | -45.4% |
| Suppliers | 440/4 | €39,173 | €21,386 | -€17,787 | -45.4% |
| Taxes, remuneration and social security | 45 | €17,811 | €0 | -€17,811 | -100% |
| Taxes | 450/3 | €17,811 | €0 | -€17,811 | -100% |
| Other amounts payable | 47/48 | €80,901 | €16,005 | -€64,896 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,044 | €31,211 | +€24,168 | +343% |
| Other operating charges | 640/8 | €11,816 | €1,746 | -€10,070 | -85.2% |
| Gross operating margin | 9900 | €124,155 | -€35,946 | -€160,101 | |
| Operating profit (loss) | 9901 | €105,295 | -€68,903 | -€174,198 | |
| Financial income | 75/76B | €726 | €613 | -€113 | -15.6% |
| Recurring financial income | 75 | €726 | €613 | -€113 | -15.6% |
| Financial charges | 65/66B | €2,816 | €4,305 | +€1,489 | +52.9% |
| Recurring financial charges | 65 | €2,816 | €4,305 | +€1,489 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €103,205 | -€72,595 | -€175,800 | |
| Income taxes | 67/77 | €22,305 | €406 | -€21,898 | -98.2% |
| Profit (loss) for the period | 9904 | €80,901 | -€73,001 | -€153,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,901 | -€73,001 | -€153,902 |
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 29 October 2026 via checked.be.