GREGOIR: 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.
GREGOIR
Largest movements
- Stocks and contracts +€720,456
new in 2024: €720,456
- Receivables within one year -€557,526
down €557,526 (-41.4%), from €1.3m to €788,391
of which Trade receivables: -€563,836
- Cash -€74,422
down €74,422 (-46.5%), from €160,213 to €85,791
mainly Stocks and contracts (-€720,456) and Debts after one year (-€389,847)
- Debts after one year -€389,847
down €389,847 (-17.7%), from €2.2m to €1.8m
- Reserves +€367,897
up €367,897 (+10.6%), from €3.5m to €3.8m
of which Distributable reserves: +€367,897
- Trade debts +€226,470
up €226,470 (+4,424%), from €5,120 to €231,590
- Tax, wage and social debts -€84,667
down €84,667 (-17.6%), from €481,966 to €397,298
- Gross operating margin -€361,468
down €361,468 (-28.2%), from €1.3m to €918,673
- Taxes -€101,907
down €101,907 (-32.6%), from €312,591 to €210,684
- Financial charges -€14,257
down €14,257 (-14.4%), from €98,974 to €84,717
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.
Derived cash bridge
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 | €6,849,429 | €6,963,729 | +€114,299 | +1.7% |
| Fixed assets | 21/28 | €4,838,604 | €4,864,395 | +€25,792 | +0.5% |
| Tangible fixed assets | 22/27 | €192,634 | €195,925 | +€3,292 | +1.7% |
| Land and buildings | 22 | €158,429 | €157,248 | -€1,181 | -0.7% |
| Plant, machinery and equipment | 23 | €2,448 | €1,357 | -€1,091 | -44.6% |
| Furniture and vehicles | 24 | €21,621 | €28,538 | +€6,917 | +32.0% |
| Other tangible fixed assets | 26 | €10,135 | €8,783 | -€1,353 | -13.3% |
| Financial fixed assets | 28 | €4,645,970 | €4,668,470 | +€22,500 | +0.5% |
| Current assets | 29/58 | €2,010,826 | €2,099,333 | +€88,507 | +4.4% |
| Amounts receivable after more than one year | 29 | €504,696 | €504,696 | = | 0.0% |
| Other amounts receivable | 291 | €504,696 | €504,696 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €720,456 | +€720,456 | |
| Stocks | 30/36 | - | €720,456 | +€720,456 | |
| Amounts receivable within one year | 40/41 | €1,345,918 | €788,391 | -€557,526 | -41.4% |
| Trade receivables | 40 | €1,344,727 | €780,891 | -€563,836 | -41.9% |
| Other amounts receivable | 41 | €1,191 | €7,500 | +€6,309 | +530% |
| Cash at bank and in hand | 54/58 | €160,213 | €85,791 | -€74,422 | -46.5% |
| Total equity and liabilities | 10/49 | €6,849,429 | €6,963,729 | +€114,299 | +1.7% |
| Equity | 10/15 | €3,488,662 | €3,856,559 | +€367,897 | +10.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,470,070 | €3,837,967 | +€367,897 | +10.6% |
| Tax-exempt reserves | 132 | €5,334 | €5,334 | = | 0.0% |
| Distributable reserves | 133 | €3,464,736 | €3,832,633 | +€367,897 | +10.6% |
| Amounts payable | 17/49 | €3,360,767 | €3,107,170 | -€253,598 | -7.5% |
| Amounts payable after more than one year | 17 | €2,205,432 | €1,815,585 | -€389,847 | -17.7% |
| Financial debts | 170/4 | €2,205,432 | €1,815,585 | -€389,847 | -17.7% |
| Amounts payable within one year | 42/48 | €1,147,993 | €1,291,585 | +€143,591 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €405,211 | €389,847 | -€15,364 | -3.8% |
| Trade debts | 44 | €5,120 | €231,590 | +€226,470 | +4,424% |
| Suppliers | 440/4 | €5,120 | €231,590 | +€226,470 | +4,424% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €481,966 | €397,298 | -€84,667 | -17.6% |
| Taxes | 450/3 | €481,966 | €397,298 | -€84,667 | -17.6% |
| Other amounts payable | 47/48 | €205,697 | €272,850 | +€67,153 | +32.6% |
| Accrued charges and deferred income | 492/3 | €7,342 | - | -€7,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,366 | €17,411 | +€45 | +0.3% |
| Other operating charges | 640/8 | €1,240 | €1,214 | -€26 | -2.1% |
| Gross operating margin | 9900 | €1,280,141 | €918,673 | -€361,468 | -28.2% |
| Operating profit (loss) | 9901 | €1,261,535 | €900,048 | -€361,487 | -28.7% |
| Financial income | 75/76B | €13,214 | €13,250 | +€36 | +0.3% |
| Recurring financial income | 75 | €13,214 | €13,250 | +€36 | +0.3% |
| Financial charges | 65/66B | €98,974 | €84,717 | -€14,257 | -14.4% |
| Recurring financial charges | 65 | €98,974 | €84,717 | -€14,257 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €1,175,775 | €828,581 | -€347,194 | -29.5% |
| Income taxes | 67/77 | €312,591 | €210,684 | -€101,907 | -32.6% |
| Profit (loss) for the period | 9904 | €863,183 | €617,897 | -€245,286 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €863,183 | €617,897 | -€245,286 | -28.4% |
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 19 October 2026 via checked.be.