GREGORY: 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.
GREGORY
Largest movements
- Receivables within one year -€15,257
down €15,257 (-8.4%), from €181,804 to €166,547
of which Trade receivables: -€47,643
- Tangible fixed assets -€2,730
down €2,730 (-75.6%), from €3,613 to €883
of which Furniture and vehicles: -€2,876
- Trade debts -€52,766
down €52,766 (-70.1%), from €75,322 to €22,556
- Reserves +€22,636
up €22,636 (+22.4%), from €100,941 to €123,577
- Tax, wage and social debts +€9,760
up €9,760 (+169%), from €5,769 to €15,529
of which Taxes: +€9,340
- Gross operating margin +€15,832
up €15,832 (+59.6%), from €26,580 to €42,412
- Depreciation -€4,077
down €4,077 (-51.8%), from €7,866 to €3,790
- Financial income -€3,640
down €3,640 (-96.9%), from €3,757 to €117
- Taxes +€3,572
up €3,572 (+61.9%), from €5,769 to €9,340
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 | €188,461 | €169,652 | -€18,810 | -10.0% |
| Fixed assets | 21/28 | €3,613 | €883 | -€2,730 | -75.6% |
| Tangible fixed assets | 22/27 | €3,613 | €883 | -€2,730 | -75.6% |
| Plant, machinery and equipment | 23 | €737 | €883 | +€146 | +19.8% |
| Furniture and vehicles | 24 | €2,876 | - | -€2,876 | |
| Current assets | 29/58 | €184,848 | €168,768 | -€16,080 | -8.7% |
| Amounts receivable within one year | 40/41 | €181,804 | €166,547 | -€15,257 | -8.4% |
| Trade receivables | 40 | €102,981 | €55,338 | -€47,643 | -46.3% |
| Other amounts receivable | 41 | €78,823 | €111,209 | +€32,386 | +41.1% |
| Cash at bank and in hand | 54/58 | €808 | - | -€808 | |
| Deferred charges and accrued income | 490/1 | €2,236 | €2,222 | -€15 | -0.7% |
| Total equity and liabilities | 10/49 | €188,461 | €169,652 | -€18,810 | -10.0% |
| Equity | 10/15 | €107,141 | €129,777 | +€22,636 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,941 | €123,577 | +€22,636 | +22.4% |
| Distributable reserves | 133 | €100,941 | €123,577 | +€22,636 | +22.4% |
| Amounts payable | 17/49 | €81,320 | €39,875 | -€41,445 | -51.0% |
| Amounts payable within one year | 42/48 | €81,320 | €39,875 | -€41,445 | -51.0% |
| Financial debts | 43 | - | €60 | +€60 | |
| Credit institutions | 430/8 | - | €60 | +€60 | |
| Trade debts | 44 | €75,322 | €22,556 | -€52,766 | -70.1% |
| Suppliers | 440/4 | €75,322 | €22,556 | -€52,766 | -70.1% |
| Taxes, remuneration and social security | 45 | €5,769 | €15,529 | +€9,760 | +169% |
| Taxes | 450/3 | €5,769 | €15,109 | +€9,340 | +162% |
| Remuneration and social security | 454/9 | - | €420 | +€420 | |
| Other amounts payable | 47/48 | €230 | €1,730 | +€1,500 | +652% |
| Remuneration, social security and pensions | 62 | €552 | €363 | -€189 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,866 | €3,790 | -€4,077 | -51.8% |
| Other operating charges | 640/8 | €1,660 | €1,567 | -€92 | -5.6% |
| Non-recurring operating charges | 66A | - | €2,419 | +€2,419 | |
| Gross operating margin | 9900 | €26,580 | €42,412 | +€15,832 | +59.6% |
| Operating profit (loss) | 9901 | €16,501 | €34,273 | +€17,771 | +108% |
| Financial income | 75/76B | €3,757 | €117 | -€3,640 | -96.9% |
| Recurring financial income | 75 | €3,757 | €117 | -€3,640 | -96.9% |
| Financial charges | 65/66B | €864 | €913 | +€50 | +5.8% |
| Recurring financial charges | 65 | €864 | €913 | +€50 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €19,394 | €33,476 | +€14,082 | +72.6% |
| Income taxes | 67/77 | €5,769 | €9,340 | +€3,572 | +61.9% |
| Profit (loss) for the period | 9904 | €13,626 | €24,136 | +€10,510 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,626 | €24,136 | +€10,510 | +77.1% |
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 17 October 2026 via checked.be.