GREPIA & CO: 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.
GREPIA & CO
Largest movements
- Receivables within one year +€23,346
up €23,346 (+124%), from €18,811 to €42,157
of which Trade receivables: +€20,345
- Tangible fixed assets -€22,554
down €22,554 (-2.3%), from €980,427 to €957,873
- Cash -€12,477
down €12,477 (-25.6%), from €48,726 to €36,249
mainly Other debts (-€52,774) and Investment in fixed assets (net) (-€41,778)
- Other debts -€52,774
down €52,774 (-46.7%), from €113,096 to €60,322
- Reserves +€37,099
up €37,099 (+73.7%), from €50,336 to €87,435
- Debts after one year -€32,196
down €32,196 (-4.1%), from €794,672 to €762,476
- Tax, wage and social debts +€21,400
up €21,400 (+320%), from €6,697 to €28,097
of which Taxes: +€20,290
- Trade debts +€16,043
up €16,043 (+12.6%), from €127,440 to €143,483
- Gross operating margin +€25,175
up €25,175 (+18.6%), from €135,090 to €160,266
- Depreciation -€17,364
down €17,364 (-21.2%), from €81,897 to €64,532
- Taxes +€16,669
up €16,669 (+521%), from €3,199 to €19,868
- Financial income +€8,559
up €8,559 (+52,995%), from €16 to €8,575
- Financial charges +€5,535
up €5,535 (+29.9%), from €18,529 to €24,064
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 | €1,132,164 | €1,121,954 | -€10,210 | -0.9% |
| Fixed assets | 21/28 | €980,627 | €957,873 | -€22,754 | -2.3% |
| Tangible fixed assets | 22/27 | €980,427 | €957,873 | -€22,554 | -2.3% |
| Land and buildings | 22 | €927,540 | €917,735 | -€9,805 | -1.1% |
| Plant, machinery and equipment | 23 | €41,697 | €34,768 | -€6,929 | -16.6% |
| Furniture and vehicles | 24 | €11,190 | €5,370 | -€5,821 | -52.0% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €151,537 | €164,081 | +€12,544 | +8.3% |
| Amounts receivable within one year | 40/41 | €18,811 | €42,157 | +€23,346 | +124% |
| Trade receivables | 40 | €17,797 | €38,142 | +€20,345 | +114% |
| Other amounts receivable | 41 | €1,014 | €4,015 | +€3,001 | +296% |
| Cash at bank and in hand | 54/58 | €48,726 | €36,249 | -€12,477 | -25.6% |
| Deferred charges and accrued income | 490/1 | €83,999 | €85,675 | +€1,676 | +2.0% |
| Total equity and liabilities | 10/49 | €1,132,164 | €1,121,954 | -€10,210 | -0.9% |
| Equity | 10/15 | €51,481 | €88,580 | +€37,099 | +72.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €50,336 | €87,435 | +€37,099 | +73.7% |
| Distributable reserves | 133 | €50,336 | €87,435 | +€37,099 | +73.7% |
| Profit (loss) carried forward | 14 | -€5,155 | -€5,155 | = | 0.0% |
| Amounts payable | 17/49 | €1,080,683 | €1,033,375 | -€47,308 | -4.4% |
| Amounts payable after more than one year | 17 | €794,672 | €762,476 | -€32,196 | -4.1% |
| Financial debts | 170/4 | €794,672 | €762,476 | -€32,196 | -4.1% |
| Amounts payable within one year | 42/48 | €284,268 | €270,130 | -€14,138 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €37,036 | €38,229 | +€1,193 | +3.2% |
| Trade debts | 44 | €127,440 | €143,483 | +€16,043 | +12.6% |
| Suppliers | 440/4 | €127,440 | €143,483 | +€16,043 | +12.6% |
| Taxes, remuneration and social security | 45 | €6,697 | €28,097 | +€21,400 | +320% |
| Taxes | 450/3 | €6,331 | €26,621 | +€20,290 | +320% |
| Remuneration and social security | 454/9 | €365 | €1,476 | +€1,111 | +304% |
| Other amounts payable | 47/48 | €113,096 | €60,322 | -€52,774 | -46.7% |
| Accrued charges and deferred income | 492/3 | €1,744 | €769 | -€975 | -55.9% |
| Remuneration, social security and pensions | 62 | €16,290 | €18,012 | +€1,722 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,897 | €64,532 | -€17,364 | -21.2% |
| Other operating charges | 640/8 | €3,558 | €5,266 | +€1,708 | +48.0% |
| Non-recurring operating charges | 66A | €9,940 | - | -€9,940 | |
| Gross operating margin | 9900 | €135,090 | €160,266 | +€25,175 | +18.6% |
| Operating profit (loss) | 9901 | €23,406 | €72,456 | +€49,050 | +210% |
| Financial income | 75/76B | €16 | €8,575 | +€8,559 | +52,995% |
| Recurring financial income | 75 | €16 | €8,575 | +€8,559 | +52,995% |
| Financial charges | 65/66B | €18,529 | €24,064 | +€5,535 | +29.9% |
| Recurring financial charges | 65 | €18,529 | €24,064 | +€5,535 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €4,893 | €56,967 | +€52,074 | +1,064% |
| Income taxes | 67/77 | €3,199 | €19,868 | +€16,669 | +521% |
| Profit (loss) for the period | 9904 | €1,695 | €37,099 | +€35,404 | +2,089% |
| Profit (loss) for the period to be appropriated | 9905 | €1,695 | €37,099 | +€35,404 | +2,089% |
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 17 October 2026 via checked.be.