GREG B ART: 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.
GREG B ART
Largest movements
- Stocks and contracts +€1,624
up €1,624 (+28.7%), from €5,661 to €7,285
- Tangible fixed assets -€792
down €792 (-55.1%), from €1,436 to €644
- Other debts +€2,990
up €2,990 (+7.7%), from €38,735 to €41,725
- Profit (loss) carried forward -€884
down €884 (-2.1%), from -€42,977 to -€43,861
- Short-term financial debts -€626
no longer reported in 2025 (was €626)
- Trade debts -€458
down €458 (-28.3%), from €1,619 to €1,162
- Financial income -€3,310
no longer reported in 2025 (was €3,310)
of which Financial income: -€3,310
- Gross operating margin -€1,037
down €1,037 (-67.8%), from €1,529 to €492
- Financial charges +€273
up €273 (+112%), from €245 to €519
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 | €13,003 | €14,026 | +€1,023 | +7.9% |
| Fixed assets | 21/28 | €1,526 | €734 | -€792 | -51.9% |
| Tangible fixed assets | 22/27 | €1,436 | €644 | -€792 | -55.1% |
| Furniture and vehicles | 24 | €1,436 | €644 | -€792 | -55.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €11,477 | €13,292 | +€1,815 | +15.8% |
| Stocks and contracts in progress | 3 | €5,661 | €7,285 | +€1,624 | +28.7% |
| Stocks | 30/36 | €5,661 | €7,285 | +€1,624 | +28.7% |
| Amounts receivable within one year | 40/41 | €3,682 | €3,817 | +€135 | +3.7% |
| Trade receivables | 40 | €3,493 | €3,493 | = | 0.0% |
| Other amounts receivable | 41 | €189 | €325 | +€135 | +71.3% |
| Cash at bank and in hand | 54/58 | - | €56 | +€56 | |
| Deferred charges and accrued income | 490/1 | €2,135 | €2,135 | = | 0.0% |
| Total equity and liabilities | 10/49 | €13,003 | €14,026 | +€1,023 | +7.9% |
| Equity | 10/15 | -€27,977 | -€28,861 | -€884 | -3.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,977 | -€43,861 | -€884 | -2.1% |
| Amounts payable | 17/49 | €40,980 | €42,887 | +€1,907 | +4.7% |
| Amounts payable within one year | 42/48 | €40,980 | €42,887 | +€1,907 | +4.7% |
| Financial debts | 43 | €626 | - | -€626 | |
| Credit institutions | 430/8 | €626 | - | -€626 | |
| Trade debts | 44 | €1,619 | €1,162 | -€458 | -28.3% |
| Suppliers | 440/4 | €1,619 | €1,162 | -€458 | -28.3% |
| Other amounts payable | 47/48 | €38,735 | €41,725 | +€2,990 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792 | €792 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €1,529 | €492 | -€1,037 | -67.8% |
| Operating profit (loss) | 9901 | €673 | -€365 | -€1,039 | |
| Financial income | 75/76B | €3,310 | - | -€3,310 | |
| Recurring financial income | 75 | €3,310 | - | -€3,310 | |
| Non-recurring financial income | 76B | €3,310 | - | -€3,310 | |
| Financial charges | 65/66B | €245 | €519 | +€273 | +112% |
| Recurring financial charges | 65 | €245 | €519 | +€273 | +112% |
| Profit (loss) for the period before taxes | 9903 | €3,738 | -€884 | -€4,622 | |
| Profit (loss) for the period | 9904 | €3,738 | -€884 | -€4,622 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,738 | -€884 | -€4,622 |
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 22 October 2026 via checked.be.