GREPAIR: 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.
GREPAIR
Largest movements
- Stocks and contracts +€30,000
new in 2025: €30,000
of which Stocks: +€15,000
- Cash +€6,897
up €6,897 (+189%), from €3,648 to €10,545
mainly Net result for the year (+€22,125) and Tax, wage and social debts (+€6,017)
- Tangible fixed assets -€3,390
down €3,390 (-21.5%), from €15,783 to €12,393
- Receivables within one year -€3,101
down €3,101 (-34.8%), from €8,908 to €5,807
of which Trade receivables: -€3,786
- Reserves +€22,125
up €22,125 (+555%), from €3,990 to €26,115
- Tax, wage and social debts +€6,017
up €6,017 (+495%), from €1,216 to €7,233
- Trade debts +€3,470
new in 2025: €3,470
- Other debts -€973
down €973 (-5.0%), from €19,634 to €18,660
- Gross operating margin +€26,504
up €26,504 (+360%), from €7,369 to €33,873
- Taxes +€4,969
up €4,969 (+439%), from €1,132 to €6,101
- Depreciation +€2,223
up €2,223 (+190%), from €1,167 to €3,390
- Financial charges +€857
up €857 (+102%), from €841 to €1,698
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 | €28,339 | €58,978 | +€30,639 | +108% |
| Fixed assets | 21/28 | €15,783 | €12,393 | -€3,390 | -21.5% |
| Tangible fixed assets | 22/27 | €15,783 | €12,393 | -€3,390 | -21.5% |
| Furniture and vehicles | 24 | €15,783 | €12,393 | -€3,390 | -21.5% |
| Current assets | 29/58 | €12,556 | €46,585 | +€34,029 | +271% |
| Stocks and contracts in progress | 3 | - | €30,000 | +€30,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €8,908 | €5,807 | -€3,101 | -34.8% |
| Trade receivables | 40 | €7,638 | €3,852 | -€3,786 | -49.6% |
| Other amounts receivable | 41 | €1,269 | €1,955 | +€685 | +54.0% |
| Cash at bank and in hand | 54/58 | €3,648 | €10,545 | +€6,897 | +189% |
| Deferred charges and accrued income | 490/1 | - | €233 | +€233 | |
| Total equity and liabilities | 10/49 | €28,339 | €58,978 | +€30,639 | +108% |
| Equity | 10/15 | €7,490 | €29,615 | +€22,125 | +295% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €3,990 | €26,115 | +€22,125 | +555% |
| Distributable reserves | 133 | €3,990 | €26,115 | +€22,125 | +555% |
| Amounts payable | 17/49 | €20,849 | €29,363 | +€8,514 | +40.8% |
| Amounts payable within one year | 42/48 | €20,849 | €29,363 | +€8,514 | +40.8% |
| Trade debts | 44 | - | €3,470 | +€3,470 | |
| Suppliers | 440/4 | - | €3,470 | +€3,470 | |
| Taxes, remuneration and social security | 45 | €1,216 | €7,233 | +€6,017 | +495% |
| Taxes | 450/3 | €1,216 | €7,233 | +€6,017 | +495% |
| Other amounts payable | 47/48 | €19,634 | €18,660 | -€973 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €3,390 | +€2,223 | +190% |
| Other operating charges | 640/8 | €239 | €559 | +€320 | +134% |
| Gross operating margin | 9900 | €7,369 | €33,873 | +€26,504 | +360% |
| Operating profit (loss) | 9901 | €5,962 | €29,924 | +€23,962 | +402% |
| Financial charges | 65/66B | €841 | €1,698 | +€857 | +102% |
| Recurring financial charges | 65 | €841 | €1,698 | +€857 | +102% |
| Profit (loss) for the period before taxes | 9903 | €5,121 | €28,226 | +€23,105 | +451% |
| Income taxes | 67/77 | €1,132 | €6,101 | +€4,969 | +439% |
| Profit (loss) for the period | 9904 | €3,990 | €22,125 | +€18,136 | +455% |
| Profit (loss) for the period to be appropriated | 9905 | €3,990 | €22,125 | +€18,136 | +455% |
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 19 October 2026 via checked.be.