GREGFORD.EU: 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.
GREGFORD.EU
Largest movements
- Cash +€343,160
up €343,160 (+61.3%), from €559,577 to €902,737
mainly Net result for the year (+€500,753) and Other debts (+€354,084)
- Other debts +€354,084
up €354,084 (+21,594%), from €1,640 to €355,723
- Tax, wage and social debts +€66,825
up €66,825 (+62.6%), from €106,732 to €173,557
of which Taxes: +€79,694
- Reserves -€54,099
down €54,099 (-3.1%), from €1.8m to €1.7m
- Gross operating margin +€304,574
up €304,574 (+77.7%), from €391,931 to €696,505
- Taxes +€107,143
up €107,143 (+84.2%), from €127,260 to €234,403
- Financial income +€23,797
up €23,797 (+132%), from €18,095 to €41,892
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 | €1,898,809 | €2,264,313 | +€365,504 | +19.2% |
| Fixed assets | 21/28 | €12 | €0 | -€12 | -100% |
| Tangible fixed assets | 22/27 | €12 | €0 | -€12 | -100% |
| Plant, machinery and equipment | 23 | €12 | €0 | -€12 | -100% |
| Current assets | 29/58 | €1,898,797 | €2,264,313 | +€365,516 | +19.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €1,339,040 | €1,361,387 | +€22,347 | +1.7% |
| Cash at bank and in hand | 54/58 | €559,577 | €902,737 | +€343,160 | +61.3% |
| Deferred charges and accrued income | 490/1 | €180 | €189 | +€9 | +5.0% |
| Total equity and liabilities | 10/49 | €1,898,809 | €2,264,313 | +€365,504 | +19.2% |
| Equity | 10/15 | €1,783,109 | €1,729,009 | -€54,099 | -3.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,756,410 | €1,702,311 | -€54,099 | -3.1% |
| Distributable reserves | 133 | €1,756,410 | €1,702,311 | -€54,099 | -3.1% |
| Profit (loss) carried forward | 14 | €8,148 | €8,148 | = | 0.0% |
| Amounts payable | 17/49 | €115,701 | €535,304 | +€419,603 | +363% |
| Amounts payable within one year | 42/48 | €115,701 | €535,304 | +€419,603 | +363% |
| Trade debts | 44 | €7,329 | €6,023 | -€1,306 | -17.8% |
| Suppliers | 440/4 | €7,329 | €6,023 | -€1,306 | -17.8% |
| Taxes, remuneration and social security | 45 | €106,732 | €173,557 | +€66,825 | +62.6% |
| Taxes | 450/3 | €90,732 | €170,427 | +€79,694 | +87.8% |
| Remuneration and social security | 454/9 | €16,000 | €3,131 | -€12,869 | -80.4% |
| Other amounts payable | 47/48 | €1,640 | €355,723 | +€354,084 | +21,594% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €12 | -€334 | -96.4% |
| Other operating charges | 640/8 | €1,479 | €1,527 | +€48 | +3.3% |
| Gross operating margin | 9900 | €391,931 | €696,505 | +€304,574 | +77.7% |
| Operating profit (loss) | 9901 | €390,106 | €694,966 | +€304,859 | +78.1% |
| Financial income | 75/76B | €18,095 | €41,892 | +€23,797 | +132% |
| Recurring financial income | 75 | €18,095 | €41,892 | +€23,797 | +132% |
| Financial charges | 65/66B | €1,881 | €1,702 | -€180 | -9.5% |
| Recurring financial charges | 65 | €1,881 | €1,702 | -€180 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €406,321 | €735,156 | +€328,836 | +80.9% |
| Income taxes | 67/77 | €127,260 | €234,403 | +€107,143 | +84.2% |
| Profit (loss) for the period | 9904 | €279,061 | €500,753 | +€221,692 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €279,061 | €500,753 | +€221,692 | +79.4% |
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 25 October 2026 via checked.be.