GREGAN: 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.
GREGAN
Largest movements
- Cash +€4,630
up €4,630 (+22.6%), from €20,502 to €25,133
mainly Net result for the year (+€11,661) and Tax, wage and social debts (+€1,102)
- Stocks and contracts +€2,760
up €2,760 (+9.0%), from €30,602 to €33,362
- Receivables within one year +€2,737
up €2,737 (+61791.2%), from €4 to €2,742
of which Trade receivables: +€2,740
- Profit (loss) carried forward +€11,661
up €11,661 (+8.9%), from -€130,766 to -€119,105
- Other debts -€3,077
down €3,077 (-3.1%), from €100,804 to €97,728
- Tax, wage and social debts +€1,102
up €1,102 (+70.1%), from €1,572 to €2,675
- Trade debts +€858
up €858 (+237.3%), from €362 to €1,220
- Gross operating margin +€20,439
up €20,439, from -€7,081 to €13,358
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,558 | €62,103 | +€10,545 | +20.5% |
| Fixed assets | 21/28 | €99 | €99 | = | 0.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €51,458 | €62,003 | +€10,545 | +20.5% |
| Stocks and contracts in progress | 3 | €30,602 | €33,362 | +€2,760 | +9.0% |
| Stocks | 30/36 | €30,602 | €33,362 | +€2,760 | +9.0% |
| Amounts receivable within one year | 40/41 | €4 | €2,742 | +€2,737 | +61791.2% |
| Trade receivables | 40 | - | €2,740 | +€2,740 | |
| Other amounts receivable | 41 | €4 | €2 | -€3 | -60.9% |
| Cash at bank and in hand | 54/58 | €20,502 | €25,133 | +€4,630 | +22.6% |
| Deferred charges and accrued income | 490/1 | €350 | €767 | +€417 | +119.3% |
| Total equity and liabilities | 10/49 | €51,558 | €62,103 | +€10,545 | +20.5% |
| Equity | 10/15 | -€51,181 | -€39,520 | +€11,661 | +22.8% |
| Contributions | 10/11 | €74,367 | €74,367 | = | 0.0% |
| Capital | 10 | €74,367 | €74,367 | = | 0.0% |
| Issued capital | 100 | €74,367 | €74,367 | = | 0.0% |
| Reserves | 13 | €5,218 | €5,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,218 | €5,218 | = | 0.0% |
| Legal reserve | 130 | €5,218 | €5,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,766 | -€119,105 | +€11,661 | +8.9% |
| Amounts payable | 17/49 | €102,738 | €101,622 | -€1,116 | -1.1% |
| Amounts payable within one year | 42/48 | €102,738 | €101,622 | -€1,116 | -1.1% |
| Trade debts | 44 | €362 | €1,220 | +€858 | +237.3% |
| Suppliers | 440/4 | €362 | €1,220 | +€858 | +237.3% |
| Taxes, remuneration and social security | 45 | €1,572 | €2,675 | +€1,102 | +70.1% |
| Taxes | 450/3 | €1,572 | €2,675 | +€1,102 | +70.1% |
| Other amounts payable | 47/48 | €100,804 | €97,728 | -€3,077 | -3.1% |
| Other operating charges | 640/8 | €1,163 | €1,210 | +€47 | +4.0% |
| Gross operating margin | 9900 | -€7,081 | €13,358 | +€20,439 | |
| Operating profit (loss) | 9901 | -€8,244 | €12,148 | +€20,391 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.6% |
| Financial charges | 65/66B | €464 | €487 | +€23 | +4.9% |
| Recurring financial charges | 65 | €464 | €487 | +€23 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,707 | €11,661 | +€20,368 | |
| Profit (loss) for the period | 9904 | -€8,707 | €11,661 | +€20,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,707 | €11,661 | +€20,368 |
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 8 October 2026 via checked.be.