GREG TRANSPORTS: 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.
What changed
GREG TRANSPORTS
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€369,743
2024 · €279,001+€90,742
Equity
€8.9m
2024 · €8.9m-€53,707
Cash
€203,763
2024 · €471,618-€267,855
Balance sheet total
€26.0m
2024 · €26.9m-€884,385
Largest movements
Assets
- Tangible fixed assets -€494,503
down €494,503 (-2.4%), from €20.5m to €20.0m
of which Leasing and similar rights: -€514,785
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-11.5%), from €9.9m to €8.7m
- Short-term financial debts +€500,000
up €500,000 (+17.3%), from €2.9m to €3.4m
- Investment grants -€363,450
down €363,450 (-16.8%), from €2.2m to €1.8m
- Profit (loss) carried forward +€352,908
up €352,908 (+7.6%), from €4.7m to €5.0m
Income statement
- Other operating charges -€110,613
down €110,613 (-16.2%), from €684,900 to €574,287
- Gross operating margin -€84,748
down €84,748 (-1.5%), from €5.5m to €5.4m
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.
Result 2024
€279,001
Gross operating margin
-€84,748
Staff costs
+€43,504
Depreciation
+€47,512
Other operating charges
+€110,613
Financial income
+€267
Financial charges
-€17,415
Taxes
-€8,989
Result 2025
€369,743
raises the resultlowers the result
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.
From operations
+€1.9m
Investment
-€1.1m
Financing
-€1.0m
Cash 2024
€471,618
From operations (derived)
+€1.9m
Net result for the year
+€369,743
Depreciation
+€1.6m
Stocks and contracts
-€42,524
Receivables within one year
+€164,551
Provisions
-€19,976
Trade debts
-€220,667
Tax, wage and social debts
+€2,031
Accrued charges and deferred income
+€10,000
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€1.0m
Debts after one year
-€1.1m
Current portion of long-term debt
+€34,334
Short-term financial debts
+€500,000
Contributions, distributions and other
-€423,450
Cash 2025
€203,763
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,906,311 | €26,021,926 | -€884,385 | -3.3% |
| Fixed assets | 21/28 | €20,670,123 | €20,175,620 | -€494,503 | -2.4% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,458,165 | €19,963,662 | -€494,503 | -2.4% |
| Land and buildings | 22 | €11,960,803 | €12,226,195 | +€265,391 | +2.2% |
| Plant, machinery and equipment | 23 | €1,297,040 | €1,117,866 | -€179,174 | -13.8% |
| Furniture and vehicles | 24 | €113,172 | €258,003 | +€144,830 | +128% |
| Leasing and similar rights | 25 | €2,419,277 | €1,904,492 | -€514,785 | -21.3% |
| Assets under construction and advance payments | 27 | €4,667,872 | €4,457,107 | -€210,766 | -4.5% |
| Financial fixed assets | 28 | €211,957 | €211,957 | = | 0.0% |
| Current assets | 29/58 | €6,236,188 | €5,846,306 | -€389,882 | -6.3% |
| Stocks and contracts in progress | 3 | €509,002 | €551,526 | +€42,524 | +8.4% |
| Stocks | 30/36 | €509,002 | €551,526 | +€42,524 | +8.4% |
| Amounts receivable within one year | 40/41 | €5,255,569 | €5,091,018 | -€164,551 | -3.1% |
| Trade receivables | 40 | €4,274,063 | €4,359,798 | +€85,735 | +2.0% |
| Other amounts receivable | 41 | €981,506 | €731,220 | -€250,286 | -25.5% |
| Cash at bank and in hand | 54/58 | €471,618 | €203,763 | -€267,855 | -56.8% |
| Total equity and liabilities | 10/49 | €26,906,311 | €26,021,926 | -€884,385 | -3.3% |
| Equity | 10/15 | €8,939,577 | €8,885,870 | -€53,707 | -0.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €346,363 | €346,363 | = | 0.0% |
| Reserves | 13 | €1,525,470 | €1,482,305 | -€43,165 | -2.8% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,214,470 | €1,171,305 | -€43,165 | -3.6% |
| Distributable reserves | 133 | €286,000 | €286,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,655,997 | €5,008,905 | +€352,908 | +7.6% |
| Investment grants | 15 | €2,161,748 | €1,798,298 | -€363,450 | -16.8% |
| Provisions and deferred taxes | 16 | €520,399 | €500,424 | -€19,976 | -3.8% |
| Deferred taxes | 168 | €520,399 | €500,424 | -€19,976 | -3.8% |
| Amounts payable | 17/49 | €17,446,335 | €16,635,632 | -€810,703 | -4.6% |
| Amounts payable after more than one year | 17 | €9,860,191 | €8,723,791 | -€1.1m | -11.5% |
| Financial debts | 170/4 | €9,860,191 | €8,723,791 | -€1.1m | -11.5% |
| Amounts payable within one year | 42/48 | €7,346,144 | €7,661,841 | +€315,698 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €1,876,829 | €1,911,163 | +€34,334 | +1.8% |
| Financial debts | 43 | €2,885,000 | €3,385,000 | +€500,000 | +17.3% |
| Credit institutions | 430/8 | €2,885,000 | €3,385,000 | +€500,000 | +17.3% |
| Trade debts | 44 | €2,057,947 | €1,837,280 | -€220,667 | -10.7% |
| Suppliers | 440/4 | €2,057,947 | €1,837,280 | -€220,667 | -10.7% |
| Taxes, remuneration and social security | 45 | €484,367 | €486,398 | +€2,031 | +0.4% |
| Taxes | 450/3 | €255,582 | €271,244 | +€15,662 | +6.1% |
| Remuneration and social security | 454/9 | €228,786 | €215,155 | -€13,631 | -6.0% |
| Other amounts payable | 47/48 | €42,000 | €42,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €240,000 | €250,000 | +€10,000 | +4.2% |
| Remuneration, social security and pensions | 62 | €2,785,176 | €2,741,672 | -€43,504 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,659,030 | €1,611,518 | -€47,512 | -2.9% |
| Other operating charges | 640/8 | €684,900 | €574,287 | -€110,613 | -16.2% |
| Gross operating margin | 9900 | €5,501,576 | €5,416,827 | -€84,748 | -1.5% |
| Operating profit (loss) | 9901 | €372,469 | €489,350 | +€116,880 | +31.4% |
| Financial income | 75/76B | €369,148 | €369,415 | +€267 | +0.1% |
| Recurring financial income | 75 | €369,148 | €369,415 | +€267 | +0.1% |
| Financial charges | 65/66B | €436,984 | €454,400 | +€17,415 | +4.0% |
| Recurring financial charges | 65 | €436,984 | €454,400 | +€17,415 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €304,634 | €404,365 | +€99,731 | +32.7% |
| Transfer from deferred taxes | 780 | €19,976 | €19,976 | = | 0.0% |
| Income taxes | 67/77 | €45,608 | €54,598 | +€8,989 | +19.7% |
| Profit (loss) for the period | 9904 | €279,001 | €369,743 | +€90,742 | +32.5% |
| Transfer from tax-exempt reserves | 789 | €43,165 | €43,165 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €322,166 | €412,908 | +€90,742 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.