GREGLES: what changed
What changed
GREGLES
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€557
2025 · €20,180-€19,623
Equity
€460,535
2025 · €464,978-€4,443
Cash
€3,266
2025 · €12,462-€9,196
Balance sheet total
€608,820
2025 · €566,453+€42,367
Largest movements
Assets
- Tangible fixed assets +€45,459
up €45,459 (+19.5%), from €232,939 to €278,398
of which Other tangible fixed assets: +€58,485
- Cash -€9,196
down €9,196 (-73.8%), from €12,462 to €3,266
mainly Investment in fixed assets (net) (-€76,361) and Other debts (-€9,430)
Equity and liabilities
- Debts after one year +€55,461
up €55,461 (+92.7%), from €59,860 to €115,321
- Other debts -€9,430
down €9,430 (-66.5%), from €14,180 to €4,750
Income statement
- Gross operating margin -€22,715
down €22,715 (-48.6%), from €46,703 to €23,988
- Depreciation +€7,374
up €7,374 (+31.3%), from €23,528 to €30,902
- Financial income +€5,060
up €5,060 (+33.9%), from €14,940 to €20,000
- Taxes -€4,509
down €4,509, from €4,290 to -€219
- Other operating charges -€1,276
down €1,276 (-11.5%), from €11,071 to €9,795
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€20,180
Gross operating margin
-€22,715
Depreciation
-€7,374
Other operating charges
+€1,276
Financial income
+€5,060
Financial charges
-€379
Taxes
+€4,509
Result 2026
€557
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€18,429
Investment
-€76,361
Financing
+€48,736
Cash 2025
€12,462
From operations (derived)
+€18,429
Net result for the year
+€557
Depreciation
+€30,902
Receivables within one year
-€5,918
Deferred charges and accrued income
-€186
Tax, wage and social debts
+€2,504
Other debts
-€9,430
Investment (derived)
-€76,361
Investment in fixed assets (net)
-€76,361
Financing
+€48,736
Debts after one year
+€55,461
Current portion of long-term debt
-€1,725
Contributions, distributions and other
-€5,000
Cash 2026
€3,266
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €566,453 | €608,820 | +€42,367 | +7.5% |
| Fixed assets | 21/28 | €535,805 | €581,264 | +€45,459 | +8.5% |
| Tangible fixed assets | 22/27 | €232,939 | €278,398 | +€45,459 | +19.5% |
| Land and buildings | 22 | €209,171 | €196,158 | -€13,013 | -6.2% |
| Plant, machinery and equipment | 23 | €13 | - | -€13 | |
| Other tangible fixed assets | 26 | €23,755 | €82,240 | +€58,485 | +246% |
| Financial fixed assets | 28 | €302,866 | €302,866 | = | 0.0% |
| Current assets | 29/58 | €30,648 | €27,556 | -€3,092 | -10.1% |
| Amounts receivable within one year | 40/41 | €16,583 | €22,501 | +€5,918 | +35.7% |
| Trade receivables | 40 | €1,643 | €26 | -€1,617 | -98.4% |
| Other amounts receivable | 41 | €14,940 | €22,475 | +€7,535 | +50.4% |
| Cash at bank and in hand | 54/58 | €12,462 | €3,266 | -€9,196 | -73.8% |
| Deferred charges and accrued income | 490/1 | €1,603 | €1,789 | +€186 | +11.6% |
| Total equity and liabilities | 10/49 | €566,453 | €608,820 | +€42,367 | +7.5% |
| Equity | 10/15 | €464,978 | €460,535 | -€4,443 | -1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €63,200 | €58,200 | -€5,000 | -7.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €57,000 | €52,000 | -€5,000 | -8.8% |
| Profit (loss) carried forward | 14 | €339,778 | €340,335 | +€557 | +0.2% |
| Amounts payable | 17/49 | €101,475 | €148,285 | +€46,810 | +46.1% |
| Amounts payable after more than one year | 17 | €59,860 | €115,321 | +€55,461 | +92.7% |
| Financial debts | 170/4 | €59,860 | €115,321 | +€55,461 | +92.7% |
| Amounts payable within one year | 42/48 | €41,615 | €32,964 | -€8,651 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €19,115 | €17,390 | -€1,725 | -9.0% |
| Taxes, remuneration and social security | 45 | €8,320 | €10,824 | +€2,504 | +30.1% |
| Taxes | 450/3 | €8,320 | €10,824 | +€2,504 | +30.1% |
| Other amounts payable | 47/48 | €14,180 | €4,750 | -€9,430 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,528 | €30,902 | +€7,374 | +31.3% |
| Other operating charges | 640/8 | €11,071 | €9,795 | -€1,276 | -11.5% |
| Gross operating margin | 9900 | €46,703 | €23,988 | -€22,715 | -48.6% |
| Operating profit (loss) | 9901 | €12,104 | -€16,709 | -€28,813 | |
| Financial income | 75/76B | €14,940 | €20,000 | +€5,060 | +33.9% |
| Recurring financial income | 75 | €14,940 | €20,000 | +€5,060 | +33.9% |
| Financial charges | 65/66B | €2,574 | €2,953 | +€379 | +14.7% |
| Recurring financial charges | 65 | €2,574 | €2,953 | +€379 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €24,470 | €338 | -€24,132 | -98.6% |
| Income taxes | 67/77 | €4,290 | -€219 | -€4,509 | |
| Profit (loss) for the period | 9904 | €20,180 | €557 | -€19,623 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,180 | €557 | -€19,623 | -97.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.