GREKA MAGICO: 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.
GREKA MAGICO
Largest movements
- Tangible fixed assets -€41,207
down €41,207 (-2.8%), from €1.5m to €1.4m
of which Land and buildings: -€31,707
- Cash -€29,852
down €29,852 (-93.8%), from €31,827 to €1,974
mainly Debts after one year (-€58,312) and Investment in fixed assets (net) (-€25,134)
- Receivables within one year +€17,354
up €17,354 (+578%), from €3,000 to €20,354
of which Other amounts receivable: +€20,354
- Debts after one year -€58,312
down €58,312 (-15.0%), from €388,869 to €330,558
- Other debts +€20,053
up €20,053 (+2.9%), from €697,175 to €717,227
- Other operating charges +€14,804
up €14,804 (+106%), from €13,981 to €28,785
- Gross operating margin -€14,780
down €14,780 (-12.4%), from €119,341 to €104,561
- Taxes -€8,795
down €8,795 (-68.7%), from €12,797 to €4,001
- Depreciation +€2,377
up €2,377 (+3.7%), from €63,963 to €66,341
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 | €1,522,307 | €1,468,277 | -€54,030 | -3.5% |
| Fixed assets | 21/28 | €1,484,417 | €1,443,210 | -€41,207 | -2.8% |
| Tangible fixed assets | 22/27 | €1,481,859 | €1,440,653 | -€41,207 | -2.8% |
| Land and buildings | 22 | €1,463,614 | €1,431,908 | -€31,707 | -2.2% |
| Furniture and vehicles | 24 | €18,245 | €8,745 | -€9,500 | -52.1% |
| Financial fixed assets | 28 | €2,557 | €2,557 | = | 0.0% |
| Current assets | 29/58 | €37,890 | €25,067 | -€12,823 | -33.8% |
| Amounts receivable within one year | 40/41 | €3,000 | €20,354 | +€17,354 | +578% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | - | €20,354 | +€20,354 | |
| Cash at bank and in hand | 54/58 | €31,827 | €1,974 | -€29,852 | -93.8% |
| Deferred charges and accrued income | 490/1 | €3,064 | €2,739 | -€325 | -10.6% |
| Total equity and liabilities | 10/49 | €1,522,307 | €1,468,277 | -€54,030 | -3.5% |
| Equity | 10/15 | €269,316 | €270,511 | +€1,195 | +0.4% |
| Contributions | 10/11 | €66,838 | €66,838 | = | 0.0% |
| Reserves | 13 | €184,568 | €176,983 | -€7,585 | -4.1% |
| Tax-exempt reserves | 132 | €184,568 | €176,983 | -€7,585 | -4.1% |
| Profit (loss) carried forward | 14 | €17,910 | €26,690 | +€8,780 | +49.0% |
| Provisions and deferred taxes | 16 | €95,038 | €91,132 | -€3,906 | -4.1% |
| Deferred taxes | 168 | €95,038 | €91,132 | -€3,906 | -4.1% |
| Amounts payable | 17/49 | €1,157,953 | €1,106,634 | -€51,319 | -4.4% |
| Amounts payable after more than one year | 17 | €388,869 | €330,558 | -€58,312 | -15.0% |
| Financial debts | 170/4 | €388,869 | €330,558 | -€58,312 | -15.0% |
| Amounts payable within one year | 42/48 | €769,084 | €776,076 | +€6,992 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €57,206 | €58,312 | +€1,106 | +1.9% |
| Trade debts | 44 | €1,907 | €538 | -€1,370 | -71.8% |
| Suppliers | 440/4 | €1,907 | €538 | -€1,370 | -71.8% |
| Taxes, remuneration and social security | 45 | €12,797 | - | -€12,797 | |
| Taxes | 450/3 | €12,797 | - | -€12,797 | |
| Other amounts payable | 47/48 | €697,175 | €717,227 | +€20,053 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,963 | €66,341 | +€2,377 | +3.7% |
| Other operating charges | 640/8 | €13,981 | €28,785 | +€14,804 | +106% |
| Gross operating margin | 9900 | €119,341 | €104,561 | -€14,780 | -12.4% |
| Operating profit (loss) | 9901 | €41,397 | €9,436 | -€31,961 | -77.2% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €9,288 | €8,226 | -€1,062 | -11.4% |
| Recurring financial charges | 65 | €9,288 | €8,226 | -€1,062 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €32,109 | €1,290 | -€30,819 | -96.0% |
| Transfer from deferred taxes | 780 | €3,906 | €3,906 | = | 0.0% |
| Income taxes | 67/77 | €12,797 | €4,001 | -€8,795 | -68.7% |
| Profit (loss) for the period | 9904 | €23,218 | €1,195 | -€22,023 | -94.9% |
| Transfer from tax-exempt reserves | 789 | €7,585 | €7,585 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,803 | €8,780 | -€22,023 | -71.5% |
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 30 October 2026 via checked.be.