GREGO: 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.
GREGO
Largest movements
- Stocks and contracts -€19,923
down €19,923 (-14.3%), from €139,696 to €119,773
- Receivables within one year +€7,428
new in 2025: €7,428
- Cash -€6,429
down €6,429 (-70.8%), from €9,086 to €2,657
mainly Net result for the year (-€32,458) and Receivables within one year (-€7,428)
- Profit (loss) carried forward -€32,458
down €32,458 (-11.3%), from -€286,095 to -€318,553
- Trade debts +€8,485
up €8,485 (+51.3%), from €16,554 to €25,039
- Other debts +€4,785
up €4,785 (+17.2%), from €27,877 to €32,662
- Short-term financial debts +€1,967
up €1,967 (+4.3%), from €45,609 to €47,576
- Tax, wage and social debts -€1,703
down €1,703 (-20.4%), from €8,364 to €6,662
- Gross operating margin -€32,753
down €32,753, from €7,764 to -€24,989
- Other operating charges -€1,453
down €1,453 (-75.5%), from €1,924 to €471
- Financial income -€1,074
down €1,074 (-87.1%), from €1,234 to €159
- Taxes -€675
down €675 (-100.0%), from €675 to €0
- Financial charges -€280
down €280 (-3.8%), from €7,335 to €7,055
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 | €148,782 | €129,859 | -€18,924 | -12.7% |
| Current assets | 29/58 | €148,782 | €129,859 | -€18,924 | -12.7% |
| Stocks and contracts in progress | 3 | €139,696 | €119,773 | -€19,923 | -14.3% |
| Stocks | 30/36 | €139,696 | €119,773 | -€19,923 | -14.3% |
| Amounts receivable within one year | 40/41 | - | €7,428 | +€7,428 | |
| Trade receivables | 40 | - | €7,428 | +€7,428 | |
| Cash at bank and in hand | 54/58 | €9,086 | €2,657 | -€6,429 | -70.8% |
| Total equity and liabilities | 10/49 | €148,782 | €129,859 | -€18,924 | -12.7% |
| Equity | 10/15 | €50,377 | €17,920 | -€32,458 | -64.4% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €17,872 | €17,872 | = | 0.0% |
| Distributable reserves | 133 | €17,872 | €17,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,095 | -€318,553 | -€32,458 | -11.3% |
| Amounts payable | 17/49 | €98,405 | €111,939 | +€13,534 | +13.8% |
| Amounts payable within one year | 42/48 | €98,405 | €111,939 | +€13,534 | +13.8% |
| Financial debts | 43 | €45,609 | €47,576 | +€1,967 | +4.3% |
| Credit institutions | 430/8 | €45,609 | €47,576 | +€1,967 | +4.3% |
| Trade debts | 44 | €16,554 | €25,039 | +€8,485 | +51.3% |
| Suppliers | 440/4 | €16,554 | €25,039 | +€8,485 | +51.3% |
| Taxes, remuneration and social security | 45 | €8,364 | €6,662 | -€1,703 | -20.4% |
| Taxes | 450/3 | €8,364 | €6,662 | -€1,703 | -20.4% |
| Other amounts payable | 47/48 | €27,877 | €32,662 | +€4,785 | +17.2% |
| Remuneration, social security and pensions | 62 | €100 | €101 | +€1 | +1.3% |
| Other operating charges | 640/8 | €1,924 | €471 | -€1,453 | -75.5% |
| Gross operating margin | 9900 | €7,764 | -€24,989 | -€32,753 | |
| Operating profit (loss) | 9901 | €5,740 | -€25,562 | -€31,301 | |
| Financial income | 75/76B | €1,234 | €159 | -€1,074 | -87.1% |
| Recurring financial income | 75 | €1,234 | €159 | -€1,074 | -87.1% |
| Financial charges | 65/66B | €7,335 | €7,055 | -€280 | -3.8% |
| Recurring financial charges | 65 | €7,335 | €7,055 | -€280 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€362 | -€32,458 | -€32,096 | -8876.1% |
| Income taxes | 67/77 | €675 | €0 | -€675 | -100.0% |
| Profit (loss) for the period | 9904 | -€1,036 | -€32,458 | -€31,421 | -3032.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,036 | -€32,458 | -€31,421 | -3032.2% |
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.