GREGA: what changed
Two fiscal 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
GREGA
NACE 10.130, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€699,247
2024 · -€347,248-€351,999
Equity
€1.8m
2024 · €2.4m-€549,247
Cash
€172,420
2024 · €168,280+€4,140
Balance sheet total
€3.8m
2024 · €4.4m-€589,714
Largest movements
Assets
- Stocks and contracts -€487,841
down €487,841 (-15.3%), from €3.2m to €2.7m
- Tangible fixed assets -€75,070
down €75,070 (-10.1%), from €743,852 to €668,782
of which Land and buildings: -€51,397
Equity and liabilities
- Profit (loss) carried forward -€699,247
down €699,247 (-201.4%), from -€347,248 to -€1.0m
- Contributions +€150,000
up €150,000 (+7.9%), from €1.9m to €2.0m
Income statement
- Gross operating margin -€309,317
down €309,317 (-43.0%), from €719,148 to €409,831
- Staff costs +€44,805
up €44,805 (+4.8%), from €936,421 to €981,226
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
-€347,248
Gross operating margin
-€309,317
Staff costs
-€44,805
Depreciation
+€1,553
Other operating charges
-€2,190
Financial income
+€67
Financial charges
+€1,376
Taxes
+€1,317
Result 2025
-€699,247
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.
From operations
-€72,988
Investment
-€43,677
Financing
+€120,805
Cash 2024
€168,280
From operations (derived)
-€72,988
Net result for the year
-€699,247
Depreciation
+€118,747
Stocks and contracts
+€487,841
Receivables within one year
+€23,018
Deferred charges and accrued income
+€7,925
Trade debts
-€25,635
Tax, wage and social debts
+€8,015
Other debts
+€6,348
Investment (derived)
-€43,677
Investment in fixed assets (net)
-€43,677
Financing
+€120,805
Debts after one year
-€29,089
Current portion of long-term debt
-€106
Contributions, distributions and other
+€150,000
Cash 2025
€172,420
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,418,599 | €3,828,885 | -€589,714 | -13.3% |
| Fixed assets | 21/28 | €745,852 | €670,782 | -€75,070 | -10.1% |
| Tangible fixed assets | 22/27 | €743,852 | €668,782 | -€75,070 | -10.1% |
| Land and buildings | 22 | €486,988 | €435,591 | -€51,397 | -10.6% |
| Plant, machinery and equipment | 23 | €202,013 | €196,095 | -€5,918 | -2.9% |
| Furniture and vehicles | 24 | €54,851 | €37,096 | -€17,755 | -32.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €3,672,747 | €3,158,103 | -€514,644 | -14.0% |
| Stocks and contracts in progress | 3 | €3,179,543 | €2,691,702 | -€487,841 | -15.3% |
| Stocks | 30/36 | €3,179,543 | €2,691,702 | -€487,841 | -15.3% |
| Amounts receivable within one year | 40/41 | €277,360 | €254,342 | -€23,018 | -8.3% |
| Trade receivables | 40 | €163,905 | €174,603 | +€10,698 | +6.5% |
| Other amounts receivable | 41 | €113,455 | €79,739 | -€33,716 | -29.7% |
| Cash at bank and in hand | 54/58 | €168,280 | €172,420 | +€4,140 | +2.5% |
| Deferred charges and accrued income | 490/1 | €47,564 | €39,639 | -€7,925 | -16.7% |
| Total equity and liabilities | 10/49 | €4,418,599 | €3,828,885 | -€589,714 | -13.3% |
| Equity | 10/15 | €2,379,830 | €1,830,583 | -€549,247 | -23.1% |
| Contributions | 10/11 | €1,897,669 | €2,047,669 | +€150,000 | +7.9% |
| Reserves | 13 | €829,409 | €829,409 | = | 0.0% |
| Distributable reserves | 133 | €829,409 | €829,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€347,248 | -€1,046,495 | -€699,247 | -201.4% |
| Amounts payable | 17/49 | €2,038,769 | €1,998,302 | -€40,467 | -2.0% |
| Amounts payable after more than one year | 17 | €204,390 | €175,301 | -€29,089 | -14.2% |
| Financial debts | 170/4 | €204,390 | €175,301 | -€29,089 | -14.2% |
| Amounts payable within one year | 42/48 | €1,834,379 | €1,823,001 | -€11,378 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €29,195 | €29,089 | -€106 | -0.4% |
| Trade debts | 44 | €137,281 | €111,646 | -€25,635 | -18.7% |
| Suppliers | 440/4 | €137,281 | €111,646 | -€25,635 | -18.7% |
| Taxes, remuneration and social security | 45 | €73,965 | €81,980 | +€8,015 | +10.8% |
| Taxes | 450/3 | - | €1,703 | +€1,703 | |
| Remuneration and social security | 454/9 | €73,965 | €80,277 | +€6,312 | +8.5% |
| Other amounts payable | 47/48 | €1,593,938 | €1,600,286 | +€6,348 | +0.4% |
| Remuneration, social security and pensions | 62 | €936,421 | €981,226 | +€44,805 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,300 | €118,747 | -€1,553 | -1.3% |
| Other operating charges | 640/8 | - | €2,190 | +€2,190 | |
| Gross operating margin | 9900 | €719,148 | €409,831 | -€309,317 | -43.0% |
| Operating profit (loss) | 9901 | -€337,573 | -€692,332 | -€354,759 | -105.1% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €8,097 | €6,721 | -€1,376 | -17.0% |
| Recurring financial charges | 65 | €8,097 | €6,721 | -€1,376 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€345,670 | -€698,986 | -€353,316 | -102.2% |
| Income taxes | 67/77 | €1,578 | €261 | -€1,317 | -83.5% |
| Profit (loss) for the period | 9904 | -€347,248 | -€699,247 | -€351,999 | -101.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€347,248 | -€699,247 | -€351,999 | -101.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.