GRETA: 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.
GRETA
Largest movements
- Receivables after one year -€155,000
down €155,000 (-38.3%), from €405,000 to €250,000
- Cash +€143,434
up €143,434 (+278.1%), from €51,584 to €195,018
mainly Receivables after one year (+€155,000) and Net result for the year (+€112,193)
- Tangible fixed assets -€35,366
down €35,366 (-25.6%), from €137,940 to €102,575
of which Furniture and vehicles: -€22,197
- Other debts -€59,552
down €59,552 (-30.8%), from €193,122 to €133,570
- Reserves +€23,559
up €23,559 (+7.6%), from €310,686 to €334,244
of which Distributable reserves: +€23,559
- Accrued charges and deferred income -€14,731
no longer reported in 2025 (was €14,731)
- Financial charges -€14,731
down €14,731 (-99.0%), from €14,875 to €145
- Gross operating margin +€8,694
up €8,694 (+4.7%), from €184,309 to €193,003
- Depreciation +€7,153
up €7,153 (+24.1%), from €29,704 to €36,858
- Financial income -€6,040
down €6,040 (-61.6%), from €9,805 to €3,765
- Taxes +€3,628
up €3,628 (+8.3%), from €43,725 to €47,352
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.
Cash bridge derived
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 | €637,829 | €592,358 | -€45,471 | -7.1% |
| Fixed assets | 21/28 | €137,940 | €102,575 | -€35,366 | -25.6% |
| Tangible fixed assets | 22/27 | €137,940 | €102,575 | -€35,366 | -25.6% |
| Plant, machinery and equipment | 23 | €17,971 | €13,402 | -€4,569 | -25.4% |
| Furniture and vehicles | 24 | €80,332 | €58,135 | -€22,197 | -27.6% |
| Other tangible fixed assets | 26 | €39,638 | €31,038 | -€8,600 | -21.7% |
| Current assets | 29/58 | €499,889 | €489,784 | -€10,105 | -2.0% |
| Amounts receivable after more than one year | 29 | €405,000 | €250,000 | -€155,000 | -38.3% |
| Other amounts receivable | 291 | €405,000 | €250,000 | -€155,000 | -38.3% |
| Amounts receivable within one year | 40/41 | €39,343 | €40,966 | +€1,624 | +4.1% |
| Trade receivables | 40 | €15,869 | €14,963 | -€906 | -5.7% |
| Other amounts receivable | 41 | €23,474 | €26,004 | +€2,529 | +10.8% |
| Cash at bank and in hand | 54/58 | €51,584 | €195,018 | +€143,434 | +278.1% |
| Deferred charges and accrued income | 490/1 | €3,962 | €3,799 | -€163 | -4.1% |
| Total equity and liabilities | 10/49 | €637,829 | €592,358 | -€45,471 | -7.1% |
| Equity | 10/15 | €403,686 | €427,244 | +€23,559 | +5.8% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €310,686 | €334,244 | +€23,559 | +7.6% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €301,386 | €324,944 | +€23,559 | +7.8% |
| Amounts payable | 17/49 | €234,144 | €165,114 | -€69,030 | -29.5% |
| Amounts payable within one year | 42/48 | €219,413 | €165,114 | -€54,299 | -24.7% |
| Trade debts | 44 | €3,087 | €2,066 | -€1,021 | -33.1% |
| Suppliers | 440/4 | €3,087 | €2,066 | -€1,021 | -33.1% |
| Taxes, remuneration and social security | 45 | €23,204 | €29,478 | +€6,274 | +27.0% |
| Taxes | 450/3 | €23,204 | €29,478 | +€6,274 | +27.0% |
| Other amounts payable | 47/48 | €193,122 | €133,570 | -€59,552 | -30.8% |
| Accrued charges and deferred income | 492/3 | €14,731 | - | -€14,731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,704 | €36,858 | +€7,153 | +24.1% |
| Other operating charges | 640/8 | €121 | €221 | +€99 | +81.8% |
| Gross operating margin | 9900 | €184,309 | €193,003 | +€8,694 | +4.7% |
| Operating profit (loss) | 9901 | €154,483 | €155,925 | +€1,442 | +0.9% |
| Financial income | 75/76B | €9,805 | €3,765 | -€6,040 | -61.6% |
| Recurring financial income | 75 | €9,805 | €3,765 | -€6,040 | -61.6% |
| Financial charges | 65/66B | €14,875 | €145 | -€14,731 | -99.0% |
| Recurring financial charges | 65 | €14,875 | €145 | -€14,731 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €149,413 | €159,545 | +€10,132 | +6.8% |
| Income taxes | 67/77 | €43,725 | €47,352 | +€3,628 | +8.3% |
| Profit (loss) for the period | 9904 | €105,689 | €112,193 | +€6,505 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,689 | €112,193 | +€6,505 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.