GREGGORIO: 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.
GREGGORIO
Largest movements
- Tangible fixed assets -€266,624
down €266,624 (-39.3%), from €679,019 to €412,395
of which Land and buildings: -€186,796
- Cash +€81,408
up €81,408 (+1747.0%), from €4,660 to €86,068
mainly Investment in fixed assets (net) (+€172,960) and Depreciation (+€93,664)
- Receivables within one year -€18,513
down €18,513 (-17.9%), from €103,362 to €84,849
of which Trade receivables: -€18,905
- Debts after one year -€242,611
down €242,611 (-44.5%), from €545,552 to €302,941
- Trade debts +€53,899
up €53,899 (+139.4%), from €38,673 to €92,572
- Short-term financial debts -€29,808
down €29,808 (-91.8%), from €32,456 to €2,648
of which Other loans: -€32,456
- Reserves +€12,568
up €12,568 (+111.3%), from €11,287 to €23,855
- Financial income +€111,194
up €111,194 (+772.9%), from €14,387 to €125,581
of which Financial income: +€111,194
- Gross operating margin -€102,208
down €102,208 (-78.9%), from €129,609 to €27,401
- Staff costs -€10,026
down €10,026 (-27.2%), from €36,861 to €26,835
- Depreciation +€6,638
up €6,638 (+7.6%), from €87,026 to €93,664
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €811,731 | €610,864 | -€200,867 | -24.7% |
| Fixed assets | 21/28 | €679,019 | €412,395 | -€266,624 | -39.3% |
| Tangible fixed assets | 22/27 | €679,019 | €412,395 | -€266,624 | -39.3% |
| Land and buildings | 22 | €451,857 | €265,061 | -€186,796 | -41.3% |
| Plant, machinery and equipment | 23 | €122,636 | €88,760 | -€33,876 | -27.6% |
| Furniture and vehicles | 24 | €60,597 | €35,612 | -€24,985 | -41.2% |
| Other tangible fixed assets | 26 | €43,929 | €22,962 | -€20,967 | -47.7% |
| Current assets | 29/58 | €132,712 | €198,469 | +€65,757 | +49.5% |
| Stocks and contracts in progress | 3 | €5,271 | €7,531 | +€2,260 | +42.9% |
| Stocks | 30/36 | €5,271 | €7,531 | +€2,260 | +42.9% |
| Amounts receivable within one year | 40/41 | €103,362 | €84,849 | -€18,513 | -17.9% |
| Trade receivables | 40 | €26,459 | €7,554 | -€18,905 | -71.5% |
| Other amounts receivable | 41 | €76,903 | €77,295 | +€392 | +0.5% |
| Cash at bank and in hand | 54/58 | €4,660 | €86,068 | +€81,408 | +1747.0% |
| Deferred charges and accrued income | 490/1 | €19,419 | €20,021 | +€602 | +3.1% |
| Total equity and liabilities | 10/49 | €811,731 | €610,864 | -€200,867 | -24.7% |
| Equity | 10/15 | €163,468 | €176,036 | +€12,568 | +7.7% |
| Contributions | 10/11 | €6,776 | €6,776 | = | 0.0% |
| Contributions outside capital | 11 | €6,776 | €6,776 | = | 0.0% |
| Other | 1109/19 | €6,776 | €6,776 | = | 0.0% |
| Reserves | 13 | €11,287 | €23,855 | +€12,568 | +111.3% |
| Distributable reserves | 133 | €11,287 | €23,855 | +€12,568 | +111.3% |
| Profit (loss) carried forward | 14 | €101,741 | €101,741 | = | 0.0% |
| Investment grants | 15 | €43,664 | €43,664 | = | 0.0% |
| Amounts payable | 17/49 | €648,263 | €434,828 | -€213,435 | -32.9% |
| Amounts payable after more than one year | 17 | €545,552 | €302,941 | -€242,611 | -44.5% |
| Financial debts | 170/4 | €545,552 | €302,941 | -€242,611 | -44.5% |
| Amounts payable within one year | 42/48 | €102,087 | €127,332 | +€25,245 | +24.7% |
| Financial debts | 43 | €32,456 | €2,648 | -€29,808 | -91.8% |
| Credit institutions | 430/8 | - | €2,648 | +€2,648 | |
| Other loans | 439 | €32,456 | - | -€32,456 | |
| Trade debts | 44 | €38,673 | €92,572 | +€53,899 | +139.4% |
| Suppliers | 440/4 | €38,673 | €92,572 | +€53,899 | +139.4% |
| Taxes, remuneration and social security | 45 | €949 | €1,074 | +€125 | +13.2% |
| Taxes | 450/3 | €949 | €161 | -€788 | -83.0% |
| Remuneration and social security | 454/9 | - | €913 | +€913 | |
| Other amounts payable | 47/48 | €30,009 | €31,038 | +€1,029 | +3.4% |
| Accrued charges and deferred income | 492/3 | €624 | €4,555 | +€3,931 | +630.0% |
| Remuneration, social security and pensions | 62 | €36,861 | €26,835 | -€10,026 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,026 | €93,664 | +€6,638 | +7.6% |
| Other operating charges | 640/8 | €4,179 | €3,262 | -€917 | -21.9% |
| Gross operating margin | 9900 | €129,609 | €27,401 | -€102,208 | -78.9% |
| Operating profit (loss) | 9901 | €1,543 | -€96,360 | -€97,903 | |
| Financial income | 75/76B | €14,387 | €125,581 | +€111,194 | +772.9% |
| Recurring financial income | 75 | €14,387 | €125,581 | +€111,194 | +772.9% |
| Non-recurring financial income | 76B | €14,387 | €125,581 | +€111,194 | +772.9% |
| Financial charges | 65/66B | €15,602 | €16,653 | +€1,051 | +6.7% |
| Recurring financial charges | 65 | €15,602 | €16,653 | +€1,051 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €328 | €12,568 | +€12,240 | +3731.7% |
| Profit (loss) for the period | 9904 | €328 | €12,568 | +€12,240 | +3731.7% |
| Profit (loss) for the period to be appropriated | 9905 | €328 | €12,568 | +€12,240 | +3731.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.