GREGOIR CP: 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 CP
Largest movements
- Receivables within one year -€173,903
down €173,903 (-59.8%), from €290,955 to €117,053
of which Trade receivables: -€176,024
- Cash +€55,315
up €55,315 (+205%), from €27,028 to €82,342
mainly Receivables within one year (+€173,903) and Tax, wage and social debts (+€49,568)
- Tangible fixed assets -€26,886
down €26,886 (-12.7%), from €211,171 to €184,285
- Trade debts -€154,039
down €154,039 (-95.5%), from €161,300 to €7,261
- Tax, wage and social debts +€49,568
up €49,568 (+98.3%), from €50,441 to €100,009
of which Remuneration and social security: +€29,722
- Debts after one year -€46,627
down €46,627 (-27.0%), from €172,929 to €126,302
- Staff costs +€433,239
up €433,239 (+192%), from €225,429 to €658,668
- Gross operating margin +€429,641
up €429,641 (+162%), from €265,394 to €695,035
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 | €529,154 | €383,680 | -€145,474 | -27.5% |
| Fixed assets | 21/28 | €211,171 | €184,285 | -€26,886 | -12.7% |
| Tangible fixed assets | 22/27 | €211,171 | €184,285 | -€26,886 | -12.7% |
| Land and buildings | 22 | €171,522 | €161,254 | -€10,269 | -6.0% |
| Plant, machinery and equipment | 23 | €26,578 | €23,031 | -€3,547 | -13.3% |
| Furniture and vehicles | 24 | €13,071 | €0 | -€13,071 | -100% |
| Current assets | 29/58 | €317,983 | €199,395 | -€118,588 | -37.3% |
| Amounts receivable within one year | 40/41 | €290,955 | €117,053 | -€173,903 | -59.8% |
| Trade receivables | 40 | €290,200 | €114,177 | -€176,024 | -60.7% |
| Other amounts receivable | 41 | €755 | €2,876 | +€2,121 | +281% |
| Cash at bank and in hand | 54/58 | €27,028 | €82,342 | +€55,315 | +205% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €529,154 | €383,680 | -€145,474 | -27.5% |
| Equity | 10/15 | €136,512 | €139,816 | +€3,303 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,312 | €133,616 | +€3,303 | +2.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €130,312 | €133,616 | +€3,303 | +2.5% |
| Amounts payable | 17/49 | €392,642 | €243,864 | -€148,778 | -37.9% |
| Amounts payable after more than one year | 17 | €172,929 | €126,302 | -€46,627 | -27.0% |
| Financial debts | 170/4 | €172,929 | €126,302 | -€46,627 | -27.0% |
| Amounts payable within one year | 42/48 | €218,262 | €113,897 | -€104,364 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €6,521 | €6,627 | +€106 | +1.6% |
| Trade debts | 44 | €161,300 | €7,261 | -€154,039 | -95.5% |
| Suppliers | 440/4 | €161,300 | €7,261 | -€154,039 | -95.5% |
| Taxes, remuneration and social security | 45 | €50,441 | €100,009 | +€49,568 | +98.3% |
| Taxes | 450/3 | €14,395 | €34,241 | +€19,846 | +138% |
| Remuneration and social security | 454/9 | €36,046 | €65,767 | +€29,722 | +82.5% |
| Accrued charges and deferred income | 492/3 | €1,451 | €3,665 | +€2,214 | +153% |
| Non-recurring operating income | 76A | €2,319 | €0 | -€2,319 | -100% |
| Remuneration, social security and pensions | 62 | €225,429 | €658,668 | +€433,239 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,727 | €13,815 | -€3,912 | -22.1% |
| Other operating charges | 640/8 | €5,331 | €5,109 | -€222 | -4.2% |
| Gross operating margin | 9900 | €265,394 | €695,035 | +€429,641 | +162% |
| Operating profit (loss) | 9901 | €16,907 | €17,443 | +€536 | +3.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,947 | €4,583 | +€636 | +16.1% |
| Recurring financial charges | 65 | €3,947 | €4,583 | +€636 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €12,960 | €12,860 | -€100 | -0.8% |
| Income taxes | 67/77 | €6,076 | €9,556 | +€3,480 | +57.3% |
| Profit (loss) for the period | 9904 | €6,884 | €3,303 | -€3,580 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,884 | €3,303 | -€3,580 | -52.0% |
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 26 October 2026 via checked.be.