GREMA PROJECTS: 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.
GREMA PROJECTS
Largest movements
- Receivables within one year +€26,627
up €26,627 (+10591.2%), from €251 to €26,879
of which Trade receivables: +€24,853
- Deferred charges and accrued income -€11,059
down €11,059 (-83.8%), from €13,200 to €2,140
- Cash +€8,541
up €8,541 (+64.7%), from €13,202 to €21,743
mainly Net result for the year (+€15,085) and Deferred charges and accrued income (+€11,059)
- Tangible fixed assets -€6,909
down €6,909 (-63.8%), from €10,830 to €3,921
of which Furniture and vehicles: -€6,311
- Profit (loss) carried forward +€15,085
up €15,085 (+68.2%), from -€22,131 to -€7,046
- Tax, wage and social debts +€7,392
up €7,392 (+86.8%), from €8,514 to €15,906
of which Taxes: +€9,692
- Accrued charges and deferred income -€5,724
down €5,724 (-70.6%), from €8,113 to €2,389
- Trade debts +€883
up €883 (+7.8%), from €11,338 to €12,221
- Gross operating margin +€36,388
up €36,388, from -€2,140 to €34,248
- Taxes +€9,064
new in 2025: €9,064
- Staff costs -€2,231
down €2,231 (-100.0%), from €2,231 to €0
- Other operating charges -€1,959
down €1,959 (-33.8%), from €5,802 to €3,843
- Financial charges -€1,831
down €1,831 (-35.8%), from €5,110 to €3,279
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 | €37,543 | €54,743 | +€17,200 | +45.8% |
| Fixed assets | 21/28 | €10,890 | €3,981 | -€6,909 | -63.4% |
| Tangible fixed assets | 22/27 | €10,830 | €3,921 | -€6,909 | -63.8% |
| Plant, machinery and equipment | 23 | €613 | €15 | -€598 | -97.6% |
| Furniture and vehicles | 24 | €10,217 | €3,906 | -€6,311 | -61.8% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €26,653 | €50,762 | +€24,109 | +90.5% |
| Amounts receivable within one year | 40/41 | €251 | €26,879 | +€26,627 | +10591.2% |
| Trade receivables | 40 | - | €24,853 | +€24,853 | |
| Other amounts receivable | 41 | €251 | €2,026 | +€1,774 | +705.8% |
| Cash at bank and in hand | 54/58 | €13,202 | €21,743 | +€8,541 | +64.7% |
| Deferred charges and accrued income | 490/1 | €13,200 | €2,140 | -€11,059 | -83.8% |
| Total equity and liabilities | 10/49 | €37,543 | €54,743 | +€17,200 | +45.8% |
| Equity | 10/15 | €9,142 | €24,227 | +€15,085 | +165.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €27,273 | €27,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,273 | €0 | -€27,273 | -100.0% |
| Reserves not available under the articles | 1311 | €27,273 | €0 | -€27,273 | -100.0% |
| Distributable reserves | 133 | - | €27,273 | +€27,273 | |
| Profit (loss) carried forward | 14 | -€22,131 | -€7,046 | +€15,085 | +68.2% |
| Amounts payable | 17/49 | €28,400 | €30,516 | +€2,116 | +7.4% |
| Amounts payable within one year | 42/48 | €20,287 | €28,127 | +€7,840 | +38.6% |
| Trade debts | 44 | €11,338 | €12,221 | +€883 | +7.8% |
| Suppliers | 440/4 | €11,338 | €12,221 | +€883 | +7.8% |
| Advances received on contracts in progress | 46 | €237 | €0 | -€237 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,514 | €15,906 | +€7,392 | +86.8% |
| Taxes | 450/3 | €6,214 | €15,906 | +€9,692 | +156.0% |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100.0% |
| Other amounts payable | 47/48 | €198 | €0 | -€198 | -100.0% |
| Accrued charges and deferred income | 492/3 | €8,113 | €2,389 | -€5,724 | -70.6% |
| Remuneration, social security and pensions | 62 | €2,231 | €0 | -€2,231 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,603 | €2,978 | -€1,625 | -35.3% |
| Other operating charges | 640/8 | €5,802 | €3,843 | -€1,959 | -33.8% |
| Gross operating margin | 9900 | -€2,140 | €34,248 | +€36,388 | |
| Operating profit (loss) | 9901 | -€14,776 | €27,427 | +€42,203 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €5,110 | €3,279 | -€1,831 | -35.8% |
| Recurring financial charges | 65 | €5,110 | €3,279 | -€1,831 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,886 | €24,149 | +€44,035 | |
| Income taxes | 67/77 | - | €9,064 | +€9,064 | |
| Profit (loss) for the period | 9904 | -€19,886 | €15,085 | +€34,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,886 | €15,085 | +€34,971 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.