GREGOR: 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.
GREGOR
Largest movements
- Tangible fixed assets -€28,871
down €28,871 (-15.0%), from €192,112 to €163,241
of which Land and buildings: -€25,221
- Receivables within one year +€3,667
up €3,667 (+16.1%), from €22,716 to €26,383
of which Other amounts receivable: +€4,023
- Debts after one year -€25,384
down €25,384 (-37.3%), from €68,121 to €42,737
- Reserves +€4,518
up €4,518 (+5.3%), from €84,619 to €89,138
- Short-term financial debts -€4,500
no longer reported in 2024 (was €4,500)
- Gross operating margin +€2,587
up €2,587 (+2.1%), from €121,570 to €124,157
- Depreciation +€1,689
up €1,689 (+5.8%), from €29,248 to €30,937
- Financial charges +€1,572
up €1,572 (+74.8%), from €2,103 to €3,675
- Other operating charges +€1,248
up €1,248 (+45.5%), from €2,744 to €3,992
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.
Cash bridge derived
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 | €228,445 | €203,466 | -€24,980 | -10.9% |
| Fixed assets | 21/28 | €192,298 | €163,427 | -€28,871 | -15.0% |
| Tangible fixed assets | 22/27 | €192,112 | €163,241 | -€28,871 | -15.0% |
| Land and buildings | 22 | €170,541 | €145,320 | -€25,221 | -14.8% |
| Plant, machinery and equipment | 23 | €18,844 | €14,562 | -€4,282 | -22.7% |
| Furniture and vehicles | 24 | €2,727 | €3,359 | +€632 | +23.2% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €36,148 | €40,039 | +€3,891 | +10.8% |
| Stocks and contracts in progress | 3 | €5,935 | €4,960 | -€975 | -16.4% |
| Stocks | 30/36 | €5,935 | €4,960 | -€975 | -16.4% |
| Amounts receivable within one year | 40/41 | €22,716 | €26,383 | +€3,667 | +16.1% |
| Trade receivables | 40 | €5,345 | €4,989 | -€356 | -6.7% |
| Other amounts receivable | 41 | €17,371 | €21,394 | +€4,023 | +23.2% |
| Cash at bank and in hand | 54/58 | €4,799 | €5,083 | +€284 | +5.9% |
| Deferred charges and accrued income | 490/1 | €2,698 | €3,613 | +€915 | +33.9% |
| Total equity and liabilities | 10/49 | €228,445 | €203,466 | -€24,980 | -10.9% |
| Equity | 10/15 | €101,972 | €106,490 | +€4,518 | +4.4% |
| Contributions | 10/11 | €17,353 | €17,353 | = | 0.0% |
| Outside capital | 11 | €17,353 | €17,353 | = | 0.0% |
| Other | 1109/19 | €17,353 | €17,353 | = | 0.0% |
| Reserves | 13 | €84,619 | €89,138 | +€4,518 | +5.3% |
| Distributable reserves | 133 | €84,619 | €89,138 | +€4,518 | +5.3% |
| Amounts payable | 17/49 | €126,474 | €96,975 | -€29,498 | -23.3% |
| Amounts payable after more than one year | 17 | €68,121 | €42,737 | -€25,384 | -37.3% |
| Financial debts | 170/4 | €68,121 | €42,737 | -€25,384 | -37.3% |
| Amounts payable within one year | 42/48 | €58,353 | €54,239 | -€4,114 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €21,342 | €23,164 | +€1,822 | +8.5% |
| Financial debts | 43 | €4,500 | - | -€4,500 | |
| Credit institutions | 430/8 | €4,500 | - | -€4,500 | |
| Trade debts | 44 | €20,189 | €19,306 | -€883 | -4.4% |
| Suppliers | 440/4 | €20,189 | €19,306 | -€883 | -4.4% |
| Taxes, remuneration and social security | 45 | €12,322 | €11,769 | -€553 | -4.5% |
| Taxes | 450/3 | - | €2,695 | +€2,695 | |
| Remuneration and social security | 454/9 | €12,322 | €9,074 | -€3,248 | -26.4% |
| Remuneration, social security and pensions | 62 | €78,257 | €78,513 | +€256 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,248 | €30,937 | +€1,689 | +5.8% |
| Other operating charges | 640/8 | €2,744 | €3,992 | +€1,248 | +45.5% |
| Gross operating margin | 9900 | €121,570 | €124,157 | +€2,587 | +2.1% |
| Operating profit (loss) | 9901 | €11,321 | €10,715 | -€607 | -5.4% |
| Financial income | 75/76B | €1 | €206 | +€205 | +30167.6% |
| Recurring financial income | 75 | €1 | €206 | +€205 | +30167.6% |
| Financial charges | 65/66B | €2,103 | €3,675 | +€1,572 | +74.8% |
| Recurring financial charges | 65 | €2,103 | €3,675 | +€1,572 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €9,219 | €7,246 | -€1,973 | -21.4% |
| Income taxes | 67/77 | €2,349 | €2,727 | +€378 | +16.1% |
| Profit (loss) for the period | 9904 | €6,870 | €4,518 | -€2,352 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,870 | €4,518 | -€2,352 | -34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.