GREGOIRE.C: 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.
GREGOIRE.C
Largest movements
- Intangible fixed assets -€14,286
down €14,286 (-16.0%), from €89,286 to €75,000
- Receivables within one year -€5,437
down €5,437 (-76.8%), from €7,078 to €1,642
of which Trade receivables: -€5,172
- Tangible fixed assets -€5,400
down €5,400 (-30.8%), from €17,550 to €12,150
of which Furniture and vehicles: -€5,000
- Cash -€3,980
down €3,980 (-28.5%), from €13,943 to €9,963
mainly Debts after one year (-€20,980) and Trade debts (-€3,245)
- Debts after one year -€20,980
down €20,980 (-27.3%), from €76,754 to €55,775
- Trade debts -€3,245
down €3,245 (-52.9%), from €6,130 to €2,884
- Current portion of long-term debt -€2,949
down €2,949 (-40.8%), from €7,221 to €4,272
- Profit (loss) carried forward -€2,663
new in 2025: -€2,663
- Gross operating margin -€26,656
down €26,656 (-53.4%), from €49,888 to €23,232
- Taxes -€12,257
down €12,257, from €11,144 to -€1,112
- Depreciation +€5,045
up €5,045 (+33.3%), from €15,134 to €20,179
- Other operating charges +€2,242
up €2,242 (+131%), from €1,716 to €3,958
- Financial charges +€1,140
up €1,140 (+117%), from €975 to €2,115
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 | €131,637 | €101,099 | -€30,538 | -23.2% |
| Formation expenses | 20 | €2,095 | €1,602 | -€493 | -23.5% |
| Fixed assets | 21/28 | €106,836 | €87,150 | -€19,686 | -18.4% |
| Intangible fixed assets | 21 | €89,286 | €75,000 | -€14,286 | -16.0% |
| Tangible fixed assets | 22/27 | €17,550 | €12,150 | -€5,400 | -30.8% |
| Plant, machinery and equipment | 23 | €1,300 | €900 | -€400 | -30.8% |
| Furniture and vehicles | 24 | €16,250 | €11,250 | -€5,000 | -30.8% |
| Current assets | 29/58 | €22,706 | €12,346 | -€10,359 | -45.6% |
| Amounts receivable within one year | 40/41 | €7,078 | €1,642 | -€5,437 | -76.8% |
| Trade receivables | 40 | €6,012 | €840 | -€5,172 | -86.0% |
| Other amounts receivable | 41 | €1,066 | €802 | -€265 | -24.8% |
| Cash at bank and in hand | 54/58 | €13,943 | €9,963 | -€3,980 | -28.5% |
| Deferred charges and accrued income | 490/1 | €1,684 | €742 | -€943 | -56.0% |
| Total equity and liabilities | 10/49 | €131,637 | €101,099 | -€30,538 | -23.2% |
| Equity | 10/15 | €29,946 | €27,283 | -€2,663 | -8.9% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €20,946 | €20,946 | = | 0.0% |
| Distributable reserves | 133 | €20,946 | €20,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,663 | -€2,663 | |
| Amounts payable | 17/49 | €101,691 | €73,816 | -€27,875 | -27.4% |
| Amounts payable after more than one year | 17 | €76,754 | €55,775 | -€20,980 | -27.3% |
| Financial debts | 170/4 | €76,754 | €55,775 | -€20,980 | -27.3% |
| Amounts payable within one year | 42/48 | €24,712 | €18,041 | -€6,671 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €7,221 | €4,272 | -€2,949 | -40.8% |
| Trade debts | 44 | €6,130 | €2,884 | -€3,245 | -52.9% |
| Suppliers | 440/4 | €6,130 | €2,884 | -€3,245 | -52.9% |
| Taxes, remuneration and social security | 45 | €11,361 | €10,885 | -€476 | -4.2% |
| Taxes | 450/3 | €11,361 | €10,885 | -€476 | -4.2% |
| Accrued charges and deferred income | 492/3 | €225 | - | -€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,134 | €20,179 | +€5,045 | +33.3% |
| Other operating charges | 640/8 | €1,716 | €3,958 | +€2,242 | +131% |
| Non-recurring operating charges | 66A | - | €756 | +€756 | |
| Gross operating margin | 9900 | €49,888 | €23,232 | -€26,656 | -53.4% |
| Operating profit (loss) | 9901 | €33,038 | -€1,661 | -€34,699 | |
| Financial income | 75/76B | €28 | €0 | -€27 | -98.2% |
| Recurring financial income | 75 | €28 | €0 | -€27 | -98.2% |
| Financial charges | 65/66B | €975 | €2,115 | +€1,140 | +117% |
| Recurring financial charges | 65 | €975 | €2,115 | +€1,140 | +117% |
| Profit (loss) for the period before taxes | 9903 | €32,091 | -€3,775 | -€35,866 | |
| Income taxes | 67/77 | €11,144 | -€1,112 | -€12,257 | |
| Profit (loss) for the period | 9904 | €20,946 | -€2,663 | -€23,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,946 | -€2,663 | -€23,609 |
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 19 October 2026 via checked.be.