Grenz-Echo: 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.
What changed
Grenz-Echo
NACE 18.110, Printing and reproduction of recorded media
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€132,253
2023 · -€375,953+€243,701
Equity
€1.3m
2023 · €1.4m-€132,253
Cash
€164,779
2023 · €123,302+€41,478
Balance sheet total
€4.4m
2023 · €4.1m+€297,898
Largest movements
Assets
- Receivables within one year +€366,024
up €366,024 (+26.1%), from €1.4m to €1.8m
of which Other amounts receivable: +€433,111
- Deferred charges and accrued income -€116,071
down €116,071 (-5.8%), from €2.0m to €1.9m
Equity and liabilities
- Short-term financial debts +€275,000
up €275,000 (+137.5%), from €200,000 to €475,000
- Other debts +€259,108
up €259,108 (+82032.6%), from €316 to €259,424
- Profit (loss) carried forward -€132,253
down €132,253 (-220.2%), from -€60,069 to -€192,322
- Trade debts -€118,113
down €118,113 (-15.7%), from €752,527 to €634,414
- Accrued charges and deferred income +€47,405
up €47,405 (+3.9%), from €1.2m to €1.3m
Income statement
- Purchases and services -€390,686
down €390,686 (-7.6%), from €5.2m to €4.8m
- Gross operating margin +€345,748
up €345,748 (+16.4%), from €2.1m to €2.5m
- Staff costs +€77,712
up €77,712 (+3.3%), from €2.4m to €2.4m
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.
Result 2023
-€375,953
Gross operating margin
+€345,748
Staff costs
-€77,712
Depreciation
+€17,026
Write-downs
+€4,716
Other operating charges
+€1,263
Other operating items
-€16,185
Financial income
-€16,540
Financial charges
-€15,128
Taxes
+€512
Result 2024
-€132,253
Cash bridge derived
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.
From operations
-€119,756
Investment
-€78,422
Financing
+€239,655
Cash 2023
€123,302
From operations (derived)
-€119,756
Net result for the year
-€132,253
Depreciation
+€56,864
Stocks and contracts
+€15,091
Receivables within one year
-€366,024
Deferred charges and accrued income
+€116,071
Trade debts
-€118,113
Tax, wage and social debts
+€2,095
Other debts
+€259,108
Accrued charges and deferred income
+€47,405
Investment (derived)
-€78,422
Investment in fixed assets (net)
-€78,422
Financing
+€239,655
Debts after one year
-€36,420
Current portion of long-term debt
+€1,075
Short-term financial debts
+€275,000
Cash 2024
€164,779
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,097,891 | €4,395,788 | +€297,898 | +7.3% |
| Formation expenses | 20 | €7,336 | €11,127 | +€3,791 | +51.7% |
| Fixed assets | 21/28 | €381,475 | €399,241 | +€17,767 | +4.7% |
| Intangible fixed assets | 21 | €9,044 | €47,078 | +€38,034 | +420.6% |
| Tangible fixed assets | 22/27 | €182,549 | €162,282 | -€20,268 | -11.1% |
| Plant, machinery and equipment | 23 | €21,642 | €27,591 | +€5,949 | +27.5% |
| Furniture and vehicles | 24 | €159,440 | €133,373 | -€26,067 | -16.3% |
| Other tangible fixed assets | 26 | €1,467 | €1,317 | -€150 | -10.2% |
| Financial fixed assets | 28 | €189,881 | €189,881 | = | 0.0% |
| Current assets | 29/58 | €3,709,080 | €3,985,421 | +€276,340 | +7.5% |
| Stocks and contracts in progress | 3 | €167,723 | €152,632 | -€15,091 | -9.0% |
| Stocks | 30/36 | €167,723 | €152,632 | -€15,091 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,400,584 | €1,766,608 | +€366,024 | +26.1% |
| Trade receivables | 40 | €920,079 | €852,992 | -€67,087 | -7.3% |
| Other amounts receivable | 41 | €480,505 | €913,616 | +€433,111 | +90.1% |
| Cash at bank and in hand | 54/58 | €123,302 | €164,779 | +€41,478 | +33.6% |
| Deferred charges and accrued income | 490/1 | €2,017,472 | €1,901,401 | -€116,071 | -5.8% |
| Total equity and liabilities | 10/49 | €4,097,891 | €4,395,788 | +€297,898 | +7.3% |
| Equity | 10/15 | €1,427,531 | €1,295,278 | -€132,253 | -9.3% |
| Contributions | 10/11 | €1,138,419 | €1,138,419 | = | 0.0% |
| Capital | 10 | €1,138,419 | €1,138,419 | = | 0.0% |
| Issued capital | 100 | €1,138,419 | €1,138,419 | = | 0.0% |
| Reserves | 13 | €349,181 | €349,181 | = | 0.0% |
| Non-distributable reserves | 130/1 | €113,842 | €113,842 | = | 0.0% |
| Legal reserve | 130 | €113,842 | €113,842 | = | 0.0% |
| Distributable reserves | 133 | €235,339 | €235,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,069 | -€192,322 | -€132,253 | -220.2% |
| Amounts payable | 17/49 | €2,670,360 | €3,100,510 | +€430,150 | +16.1% |
| Amounts payable after more than one year | 17 | €96,363 | €59,943 | -€36,420 | -37.8% |
| Financial debts | 170/4 | €96,363 | €59,943 | -€36,420 | -37.8% |
| Amounts payable within one year | 42/48 | €1,368,070 | €1,787,235 | +€419,165 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €35,345 | €36,420 | +€1,075 | +3.0% |
| Financial debts | 43 | €200,000 | €475,000 | +€275,000 | +137.5% |
| Credit institutions | 430/8 | €200,000 | €475,000 | +€275,000 | +137.5% |
| Trade debts | 44 | €752,527 | €634,414 | -€118,113 | -15.7% |
| Suppliers | 440/4 | €752,527 | €634,414 | -€118,113 | -15.7% |
| Taxes, remuneration and social security | 45 | €379,882 | €381,977 | +€2,095 | +0.6% |
| Taxes | 450/3 | €67,290 | €68,171 | +€881 | +1.3% |
| Remuneration and social security | 454/9 | €312,592 | €313,806 | +€1,214 | +0.4% |
| Other amounts payable | 47/48 | €316 | €259,424 | +€259,108 | +82032.6% |
| Accrued charges and deferred income | 492/3 | €1,205,928 | €1,253,333 | +€47,405 | +3.9% |
| Turnover | 70 | €6,455,934 | €6,439,718 | -€16,216 | -0.3% |
| Non-recurring operating income | 76A | €1,680 | €3,360 | +€1,680 | +100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,162,919 | €4,772,233 | -€390,686 | -7.6% |
| Remuneration, social security and pensions | 62 | €2,352,362 | €2,430,074 | +€77,712 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,890 | €56,864 | -€17,026 | -23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,068 | €5,352 | -€4,716 | -46.8% |
| Other operating charges | 640/8 | €48,873 | €47,610 | -€1,263 | -2.6% |
| Non-recurring operating charges | 66A | - | €16,185 | +€16,185 | |
| Gross operating margin | 9900 | €2,105,378 | €2,451,126 | +€345,748 | +16.4% |
| Operating profit (loss) | 9901 | -€379,816 | -€104,960 | +€274,857 | +72.4% |
| Financial income | 75/76B | €31,300 | €14,760 | -€16,540 | -52.8% |
| Recurring financial income | 75 | €31,300 | €14,760 | -€16,540 | -52.8% |
| Financial charges | 65/66B | €24,493 | €39,621 | +€15,128 | +61.8% |
| Recurring financial charges | 65 | €24,493 | €39,621 | +€15,128 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | -€373,008 | -€129,820 | +€243,189 | +65.2% |
| Income taxes | 67/77 | €2,945 | €2,433 | -€512 | -17.4% |
| Profit (loss) for the period | 9904 | -€375,953 | -€132,253 | +€243,701 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€375,953 | -€132,253 | +€243,701 | +64.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.