GREROOS: 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.
GREROOS
Largest movements
- Cash -€378,002
down €378,002 (-78.8%), from €479,701 to €101,700
mainly Trade debts (-€551,533) and Stocks and contracts (-€88,566)
- Stocks and contracts +€88,566
up €88,566 (+39.4%), from €224,642 to €313,208
- Receivables within one year -€52,360
down €52,360 (-34.1%), from €153,431 to €101,071
of which Other amounts receivable: -€58,120
- Tangible fixed assets -€19,289
down €19,289 (-3.3%), from €588,951 to €569,662
of which Other tangible fixed assets: -€18,817
- Trade debts -€551,533
down €551,533 (-57.9%), from €951,969 to €400,436
- Other debts +€100,000
up €100,000 (+2,959%), from €3,380 to €103,380
- Profit (loss) carried forward +€81,926
up €81,926, from -€77,126 to €4,800
- Current portion of long-term debt +€43,661
new in 2025: €43,661
- Debts after one year -€35,095
down €35,095 (-7.9%), from €445,966 to €410,871
- Gross operating margin +€266,225
up €266,225 (+158%), from €168,714 to €434,938
- Depreciation +€72,823
up €72,823 (+1,001%), from €7,277 to €80,100
- Staff costs +€54,953
up €54,953 (+36.4%), from €150,801 to €205,753
- Financial charges +€31,954
up €31,954 (+160%), from €19,998 to €51,953
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 | €1,453,733 | €1,097,410 | -€356,323 | -24.5% |
| Fixed assets | 21/28 | €590,615 | €571,326 | -€19,289 | -3.3% |
| Tangible fixed assets | 22/27 | €588,951 | €569,662 | -€19,289 | -3.3% |
| Plant, machinery and equipment | 23 | €66,963 | €67,198 | +€236 | +0.4% |
| Furniture and vehicles | 24 | €2,629 | €1,921 | -€708 | -26.9% |
| Other tangible fixed assets | 26 | €519,360 | €500,543 | -€18,817 | -3.6% |
| Financial fixed assets | 28 | €1,664 | €1,664 | = | 0.0% |
| Current assets | 29/58 | €863,118 | €526,083 | -€337,034 | -39.0% |
| Stocks and contracts in progress | 3 | €224,642 | €313,208 | +€88,566 | +39.4% |
| Stocks | 30/36 | €224,642 | €313,208 | +€88,566 | +39.4% |
| Amounts receivable within one year | 40/41 | €153,431 | €101,071 | -€52,360 | -34.1% |
| Trade receivables | 40 | €14,730 | €20,490 | +€5,760 | +39.1% |
| Other amounts receivable | 41 | €138,701 | €80,581 | -€58,120 | -41.9% |
| Cash at bank and in hand | 54/58 | €479,701 | €101,700 | -€378,002 | -78.8% |
| Deferred charges and accrued income | 490/1 | €5,343 | €10,105 | +€4,762 | +89.1% |
| Total equity and liabilities | 10/49 | €1,453,733 | €1,097,410 | -€356,323 | -24.5% |
| Equity | 10/15 | €22,874 | €104,800 | +€81,926 | +358% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,126 | €4,800 | +€81,926 | |
| Amounts payable | 17/49 | €1,430,859 | €992,610 | -€438,249 | -30.6% |
| Amounts payable after more than one year | 17 | €445,966 | €410,871 | -€35,095 | -7.9% |
| Financial debts | 170/4 | €445,966 | €410,871 | -€35,095 | -7.9% |
| Amounts payable within one year | 42/48 | €980,272 | €576,675 | -€403,597 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | - | €43,661 | +€43,661 | |
| Trade debts | 44 | €951,969 | €400,436 | -€551,533 | -57.9% |
| Suppliers | 440/4 | €951,969 | €400,436 | -€551,533 | -57.9% |
| Taxes, remuneration and social security | 45 | €24,923 | €29,198 | +€4,275 | +17.2% |
| Taxes | 450/3 | €2,401 | €5,382 | +€2,981 | +124% |
| Remuneration and social security | 454/9 | €22,522 | €23,816 | +€1,294 | +5.7% |
| Other amounts payable | 47/48 | €3,380 | €103,380 | +€100,000 | +2,959% |
| Accrued charges and deferred income | 492/3 | €4,620 | €5,063 | +€443 | +9.6% |
| Non-recurring operating income | 76A | - | €14,922 | +€14,922 | |
| Remuneration, social security and pensions | 62 | €150,801 | €205,753 | +€54,953 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,277 | €80,100 | +€72,823 | +1,001% |
| Other operating charges | 640/8 | €7,738 | €8,092 | +€354 | +4.6% |
| Non-recurring operating charges | 66A | - | €6,015 | +€6,015 | |
| Gross operating margin | 9900 | €168,714 | €434,938 | +€266,225 | +158% |
| Operating profit (loss) | 9901 | €2,898 | €134,978 | +€132,080 | +4,558% |
| Financial income | 75/76B | €223 | €719 | +€497 | +223% |
| Recurring financial income | 75 | €223 | €719 | +€497 | +223% |
| Financial charges | 65/66B | €19,998 | €51,953 | +€31,954 | +160% |
| Recurring financial charges | 65 | €19,998 | €51,953 | +€31,954 | +160% |
| Profit (loss) for the period before taxes | 9903 | -€16,878 | €83,745 | +€100,623 | |
| Income taxes | 67/77 | €149 | €1,819 | +€1,670 | +1,120% |
| Profit (loss) for the period | 9904 | -€17,027 | €81,926 | +€98,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,027 | €81,926 | +€98,953 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.