GREGORDECO: 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.
GREGORDECO
Largest movements
- Tangible fixed assets -€23,133
down €23,133 (-26.0%), from €88,987 to €65,854
of which Furniture and vehicles: -€24,375
- Financial fixed assets -€18,932
down €18,932 (-74.3%), from €25,481 to €6,549
- Cash +€5,171
up €5,171 (+43.6%), from €11,849 to €17,020
mainly Investment in fixed assets (net) (+€21,512) and Depreciation (+€20,553)
- Receivables within one year +€4,782
up €4,782 (+12.7%), from €37,717 to €42,499
of which Trade receivables: +€9,411
- Deferred charges and accrued income -€2,872
down €2,872 (-78.4%), from €3,662 to €789
- Trade debts -€28,783
down €28,783 (-35.1%), from €81,991 to €53,209
- Profit (loss) carried forward -€5,237
down €5,237 (-13.7%), from €38,354 to €33,116
- Other operating charges -€7,366
down €7,366 (-37.7%), from €19,565 to €12,199
- Depreciation +€2,208
up €2,208 (+12.0%), from €18,345 to €20,553
- Gross operating margin +€1,475
up €1,475 (+4.9%), from €29,798 to €31,273
- Taxes +€353
up €353 (+11.8%), from €2,990 to €3,343
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 | €167,696 | €132,712 | -€34,984 | -20.9% |
| Fixed assets | 21/28 | €114,468 | €72,403 | -€42,065 | -36.7% |
| Tangible fixed assets | 22/27 | €88,987 | €65,854 | -€23,133 | -26.0% |
| Plant, machinery and equipment | 23 | - | €1,242 | +€1,242 | |
| Furniture and vehicles | 24 | €88,987 | €64,613 | -€24,375 | -27.4% |
| Financial fixed assets | 28 | €25,481 | €6,549 | -€18,932 | -74.3% |
| Current assets | 29/58 | €53,228 | €60,309 | +€7,081 | +13.3% |
| Amounts receivable within one year | 40/41 | €37,717 | €42,499 | +€4,782 | +12.7% |
| Trade receivables | 40 | €30,368 | €39,779 | +€9,411 | +31.0% |
| Other amounts receivable | 41 | €7,349 | €2,720 | -€4,629 | -63.0% |
| Cash at bank and in hand | 54/58 | €11,849 | €17,020 | +€5,171 | +43.6% |
| Deferred charges and accrued income | 490/1 | €3,662 | €789 | -€2,872 | -78.4% |
| Total equity and liabilities | 10/49 | €167,696 | €132,712 | -€34,984 | -20.9% |
| Equity | 10/15 | €58,814 | €53,576 | -€5,237 | -8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,354 | €33,116 | -€5,237 | -13.7% |
| Amounts payable | 17/49 | €108,883 | €79,136 | -€29,747 | -27.3% |
| Amounts payable within one year | 42/48 | €108,883 | €79,136 | -€29,747 | -27.3% |
| Trade debts | 44 | €81,991 | €53,209 | -€28,783 | -35.1% |
| Suppliers | 440/4 | €81,991 | €53,209 | -€28,783 | -35.1% |
| Taxes, remuneration and social security | 45 | €3,068 | €3,421 | +€353 | +11.5% |
| Taxes | 450/3 | €3,068 | €3,421 | +€353 | +11.5% |
| Other amounts payable | 47/48 | €23,823 | €22,506 | -€1,317 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,345 | €20,553 | +€2,208 | +12.0% |
| Other operating charges | 640/8 | €19,565 | €12,199 | -€7,366 | -37.7% |
| Gross operating margin | 9900 | €29,798 | €31,273 | +€1,475 | +4.9% |
| Operating profit (loss) | 9901 | -€8,112 | -€1,479 | +€6,633 | +81.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €284 | €415 | +€132 | +46.5% |
| Recurring financial charges | 65 | €284 | €415 | +€132 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,395 | -€1,894 | +€6,501 | +77.4% |
| Income taxes | 67/77 | €2,990 | €3,343 | +€353 | +11.8% |
| Profit (loss) for the period | 9904 | -€11,385 | -€5,237 | +€6,147 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,385 | -€5,237 | +€6,147 | +54.0% |
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 10 October 2026 via checked.be.