GRENSSTUBE: 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.
GRENSSTUBE
Largest movements
- Receivables within one year +€24,994
up €24,994 (+2,653%), from €942 to €25,936
of which Trade receivables: +€23,736
- Tangible fixed assets -€1,792
down €1,792 (-10.9%), from €16,485 to €14,693
of which Land and buildings: -€997
- Trade debts +€28,633
up €28,633 (+1,606%), from €1,783 to €30,416
- Other debts -€17,012
no longer reported in 2025 (was €17,012)
- Profit (loss) carried forward +€7,103
up €7,103 (+31.3%), from -€22,721 to -€15,618
- Tax, wage and social debts +€4,257
up €4,257 (+124%), from €3,435 to €7,692
of which Remuneration and social security: +€3,020
- Gross operating margin +€24,643
up €24,643 (+134%), from €18,377 to €43,019
- Staff costs +€20,598
up €20,598 (+210%), from €9,819 to €30,417
- Depreciation -€1,782
down €1,782 (-49.9%), from €3,573 to €1,792
- Other operating charges -€937
down €937 (-21.3%), from €4,402 to €3,465
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 | €22,569 | €45,550 | +€22,981 | +102% |
| Fixed assets | 21/28 | €16,485 | €14,693 | -€1,792 | -10.9% |
| Tangible fixed assets | 22/27 | €16,485 | €14,693 | -€1,792 | -10.9% |
| Land and buildings | 22 | €12,880 | €11,883 | -€997 | -7.7% |
| Plant, machinery and equipment | 23 | €2,573 | €2,146 | -€427 | -16.6% |
| Furniture and vehicles | 24 | €1,032 | €663 | -€368 | -35.7% |
| Current assets | 29/58 | €6,084 | €30,857 | +€24,773 | +407% |
| Stocks and contracts in progress | 3 | €3,501 | €3,501 | = | 0.0% |
| Stocks | 30/36 | €3,501 | €3,501 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €942 | €25,936 | +€24,994 | +2,653% |
| Trade receivables | 40 | - | €23,736 | +€23,736 | |
| Other amounts receivable | 41 | €942 | €2,200 | +€1,258 | +134% |
| Cash at bank and in hand | 54/58 | €1,448 | €1,227 | -€221 | -15.3% |
| Deferred charges and accrued income | 490/1 | €193 | €193 | +€0 | +0.2% |
| Total equity and liabilities | 10/49 | €22,569 | €45,550 | +€22,981 | +102% |
| Equity | 10/15 | -€14,661 | -€7,558 | +€7,103 | +48.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,721 | -€15,618 | +€7,103 | +31.3% |
| Amounts payable | 17/49 | €37,230 | €53,108 | +€15,878 | +42.6% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,230 | €38,108 | +€15,878 | +71.4% |
| Trade debts | 44 | €1,783 | €30,416 | +€28,633 | +1,606% |
| Suppliers | 440/4 | €1,783 | €30,416 | +€28,633 | +1,606% |
| Taxes, remuneration and social security | 45 | €3,435 | €7,692 | +€4,257 | +124% |
| Taxes | 450/3 | €3,435 | €4,671 | +€1,236 | +36.0% |
| Remuneration and social security | 454/9 | - | €3,020 | +€3,020 | |
| Other amounts payable | 47/48 | €17,012 | - | -€17,012 | |
| Remuneration, social security and pensions | 62 | €9,819 | €30,417 | +€20,598 | +210% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,573 | €1,792 | -€1,782 | -49.9% |
| Other operating charges | 640/8 | €4,402 | €3,465 | -€937 | -21.3% |
| Gross operating margin | 9900 | €18,377 | €43,019 | +€24,643 | +134% |
| Operating profit (loss) | 9901 | €583 | €7,347 | +€6,764 | +1,161% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €246 | €256 | +€10 | +4.0% |
| Recurring financial charges | 65 | €246 | €256 | +€10 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €337 | €7,103 | +€6,767 | +2,010% |
| Profit (loss) for the period | 9904 | €337 | €7,103 | +€6,767 | +2,010% |
| Profit (loss) for the period to be appropriated | 9905 | €337 | €7,103 | +€6,767 | +2,010% |
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 13 October 2026 via checked.be.