GREMAT: 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.
GREMAT
Largest movements
- Tangible fixed assets +€629,986
up €629,986 (+476%), from €132,353 to €762,338
of which Plant, machinery and equipment: +€649,517
- Receivables within one year +€108,566
up €108,566 (+132%), from €82,090 to €190,656
of which Trade receivables: +€97,554
- Stocks and contracts +€18,328
up €18,328 (+136%), from €13,470 to €31,798
- Financial fixed assets -€13,000
down €13,000 (-49.0%), from €26,515 to €13,515
- Debts after one year +€533,572
new in 2024: €533,572
- Tax, wage and social debts +€90,497
up €90,497 (+263%), from €34,384 to €124,881
of which Remuneration and social security: +€84,330
- Trade debts +€72,649
up €72,649 (+51.8%), from €140,317 to €212,966
- Current portion of long-term debt +€31,012
up €31,012 (+310%), from €10,000 to €41,012
- Other debts +€21,795
new in 2024: €21,795
- Gross operating margin +€152,822
up €152,822 (+26.4%), from €579,651 to €732,474
- Staff costs +€113,970
up €113,970 (+22.1%), from €515,073 to €629,043
- Depreciation +€58,694
up €58,694 (+419%), from €14,001 to €72,695
- Financial charges +€26,827
up €26,827 (+462%), from €5,805 to €32,632
- Other operating charges -€9,265
down €9,265 (-56.8%), from €16,319 to €7,054
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,354 | €1,027,373 | +€741,019 | +259% |
| Fixed assets | 21/28 | €158,868 | €775,853 | +€616,986 | +388% |
| Tangible fixed assets | 22/27 | €132,353 | €762,338 | +€629,986 | +476% |
| Plant, machinery and equipment | 23 | €103,145 | €752,661 | +€649,517 | +630% |
| Furniture and vehicles | 24 | €11,058 | €9,677 | -€1,381 | -12.5% |
| Assets under construction and advance payments | 27 | €18,150 | - | -€18,150 | |
| Financial fixed assets | 28 | €26,515 | €13,515 | -€13,000 | -49.0% |
| Current assets | 29/58 | €127,486 | €251,520 | +€124,034 | +97.3% |
| Stocks and contracts in progress | 3 | €13,470 | €31,798 | +€18,328 | +136% |
| Stocks | 30/36 | €13,470 | €31,798 | +€18,328 | +136% |
| Amounts receivable within one year | 40/41 | €82,090 | €190,656 | +€108,566 | +132% |
| Trade receivables | 40 | €52,579 | €150,134 | +€97,554 | +186% |
| Other amounts receivable | 41 | €29,510 | €40,522 | +€11,012 | +37.3% |
| Current investments | 50/53 | €129 | €129 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,212 | €23,705 | -€3,507 | -12.9% |
| Deferred charges and accrued income | 490/1 | €4,586 | €5,233 | +€647 | +14.1% |
| Total equity and liabilities | 10/49 | €286,354 | €1,027,373 | +€741,019 | +259% |
| Equity | 10/15 | €101,653 | €93,149 | -€8,505 | -8.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,653 | €78,149 | -€8,505 | -9.8% |
| Amounts payable | 17/49 | €184,701 | €934,225 | +€749,524 | +406% |
| Amounts payable after more than one year | 17 | - | €533,572 | +€533,572 | |
| Financial debts | 170/4 | - | €533,572 | +€533,572 | |
| Amounts payable within one year | 42/48 | €184,701 | €400,653 | +€215,952 | +117% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €41,012 | +€31,012 | +310% |
| Trade debts | 44 | €140,317 | €212,966 | +€72,649 | +51.8% |
| Suppliers | 440/4 | €140,317 | €212,966 | +€72,649 | +51.8% |
| Taxes, remuneration and social security | 45 | €34,384 | €124,881 | +€90,497 | +263% |
| Taxes | 450/3 | €17,157 | €23,324 | +€6,167 | +35.9% |
| Remuneration and social security | 454/9 | €17,227 | €101,557 | +€84,330 | +490% |
| Other amounts payable | 47/48 | - | €21,795 | +€21,795 | |
| Remuneration, social security and pensions | 62 | €515,073 | €629,043 | +€113,970 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,001 | €72,695 | +€58,694 | +419% |
| Other operating charges | 640/8 | €16,319 | €7,054 | -€9,265 | -56.8% |
| Gross operating margin | 9900 | €579,651 | €732,474 | +€152,822 | +26.4% |
| Operating profit (loss) | 9901 | €34,258 | €23,681 | -€10,577 | -30.9% |
| Financial income | 75/76B | €892 | €620 | -€271 | -30.4% |
| Recurring financial income | 75 | €892 | €620 | -€271 | -30.4% |
| Financial charges | 65/66B | €5,805 | €32,632 | +€26,827 | +462% |
| Recurring financial charges | 65 | €5,805 | €32,632 | +€26,827 | +462% |
| Profit (loss) for the period before taxes | 9903 | €29,344 | -€8,330 | -€37,674 | |
| Income taxes | 67/77 | €7,482 | €174 | -€7,307 | -97.7% |
| Profit (loss) for the period | 9904 | €21,862 | -€8,505 | -€30,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,862 | -€8,505 | -€30,367 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.