GREMA TRADING: 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.
GREMA TRADING
Largest movements
- Receivables within one year -€26,532
down €26,532 (-23.1%), from €114,989 to €88,457
- Tangible fixed assets -€22,097
down €22,097 (-5.4%), from €409,443 to €387,345
- Cash +€20,697
up €20,697 (+175.8%), from €11,776 to €32,474
mainly Receivables within one year (+€26,532) and Net result for the year (+€22,489)
- Debts after one year -€13,672
down €13,672 (-92.2%), from €14,835 to €1,164
- Reserves -€12,173
down €12,173 (-10.2%), from €119,032 to €106,859
of which Distributable reserves: -€10,000
- Gross operating margin +€6,369
up €6,369 (+12.8%), from €49,791 to €56,160
- Taxes +€2,391
up €2,391 (+24.2%), from €9,861 to €12,251
- Other operating charges -€1,561
down €1,561 (-25.8%), from €6,057 to €4,496
- Financial income -€1,251
down €1,251 (-18.5%), from €6,764 to €5,513
- Financial charges -€747
down €747 (-41.3%), from €1,810 to €1,063
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,741 | €509,846 | -€26,895 | -5.0% |
| Fixed assets | 21/28 | €409,443 | €387,345 | -€22,097 | -5.4% |
| Tangible fixed assets | 22/27 | €409,443 | €387,345 | -€22,097 | -5.4% |
| Land and buildings | 22 | €409,443 | €387,345 | -€22,097 | -5.4% |
| Current assets | 29/58 | €127,298 | €122,500 | -€4,798 | -3.8% |
| Amounts receivable within one year | 40/41 | €114,989 | €88,457 | -€26,532 | -23.1% |
| Other amounts receivable | 41 | €114,989 | €88,457 | -€26,532 | -23.1% |
| Cash at bank and in hand | 54/58 | €11,776 | €32,474 | +€20,697 | +175.8% |
| Deferred charges and accrued income | 490/1 | €533 | €1,570 | +€1,037 | +194.6% |
| Total equity and liabilities | 10/49 | €536,741 | €509,846 | -€26,895 | -5.0% |
| Equity | 10/15 | €384,663 | €373,152 | -€11,511 | -3.0% |
| Contributions | 10/11 | €199,554 | €199,554 | = | 0.0% |
| Capital | 10 | €199,554 | €199,554 | = | 0.0% |
| Issued capital | 100 | €199,554 | €199,554 | = | 0.0% |
| Reserves | 13 | €119,032 | €106,859 | -€12,173 | -10.2% |
| Non-distributable reserves | 130/1 | €19,955 | €19,955 | = | 0.0% |
| Legal reserve | 130 | €19,955 | €19,955 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,077 | €14,903 | -€2,173 | -12.7% |
| Distributable reserves | 133 | €82,000 | €72,000 | -€10,000 | -12.2% |
| Profit (loss) carried forward | 14 | €66,077 | €66,739 | +€663 | +1.0% |
| Provisions and deferred taxes | 16 | €11,153 | €10,429 | -€724 | -6.5% |
| Deferred taxes | 168 | €11,153 | €10,429 | -€724 | -6.5% |
| Amounts payable | 17/49 | €140,924 | €126,264 | -€14,660 | -10.4% |
| Amounts payable after more than one year | 17 | €14,835 | €1,164 | -€13,672 | -92.2% |
| Financial debts | 170/4 | €14,835 | €1,164 | -€13,672 | -92.2% |
| Amounts payable within one year | 42/48 | €124,499 | €123,511 | -€988 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €16,693 | €13,672 | -€3,021 | -18.1% |
| Financial debts | 43 | €97,946 | €97,551 | -€394 | -0.4% |
| Other loans | 439 | €97,946 | €97,551 | -€394 | -0.4% |
| Trade debts | 44 | - | €36 | +€36 | |
| Suppliers | 440/4 | - | €36 | +€36 | |
| Taxes, remuneration and social security | 45 | €9,861 | €12,251 | +€2,391 | +24.2% |
| Taxes | 450/3 | €9,861 | €12,251 | +€2,391 | +24.2% |
| Accrued charges and deferred income | 492/3 | €1,590 | €1,590 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,372 | €22,097 | -€274 | -1.2% |
| Other operating charges | 640/8 | €6,057 | €4,496 | -€1,561 | -25.8% |
| Gross operating margin | 9900 | €49,791 | €56,160 | +€6,369 | +12.8% |
| Operating profit (loss) | 9901 | €21,362 | €29,566 | +€8,204 | +38.4% |
| Financial income | 75/76B | €6,764 | €5,513 | -€1,251 | -18.5% |
| Recurring financial income | 75 | €6,764 | €5,513 | -€1,251 | -18.5% |
| Financial charges | 65/66B | €1,810 | €1,063 | -€747 | -41.3% |
| Recurring financial charges | 65 | €1,810 | €1,063 | -€747 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €26,317 | €34,017 | +€7,700 | +29.3% |
| Transfer from deferred taxes | 780 | €724 | €724 | = | 0.0% |
| Income taxes | 67/77 | €9,861 | €12,251 | +€2,391 | +24.2% |
| Profit (loss) for the period | 9904 | €17,180 | €22,489 | +€5,309 | +30.9% |
| Transfer from tax-exempt reserves | 789 | €2,173 | €2,173 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,353 | €24,663 | +€5,309 | +27.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.