GRETA MARTA: 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.
GRETA MARTA
Largest movements
- Cash -€99,635
down €99,635 (-19.4%), from €512,788 to €413,153
mainly Contributions, distributions and other (-€74,624) and Trade debts (-€66,649)
- Stocks and contracts -€27,221
down €27,221 (-15.8%), from €172,184 to €144,963
- Receivables within one year +€21,742
up €21,742 (+299%), from €7,267 to €29,009
of which Other amounts receivable: +€18,589
- Trade debts -€66,649
down €66,649 (-70.6%), from €94,372 to €27,723
- Other debts -€58,376
down €58,376 (-43.9%), from €133,000 to €74,624
- Tax, wage and social debts +€14,811
up €14,811 (+14.9%), from €99,256 to €114,067
of which Remuneration and social security: +€18,280
- Reserves -€8,684
down €8,684 (-3.9%), from €221,910 to €213,226
- Gross operating margin -€69,099
down €69,099 (-11.4%), from €604,837 to €535,738
- Staff costs +€37,483
up €37,483 (+9.2%), from €407,699 to €445,182
- Taxes -€13,343
down €13,343 (-73.0%), from €18,290 to €4,948
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 | €715,607 | €602,796 | -€112,811 | -15.8% |
| Fixed assets | 21/28 | €6,359 | €2,448 | -€3,911 | -61.5% |
| Tangible fixed assets | 22/27 | €6,289 | €2,378 | -€3,911 | -62.2% |
| Furniture and vehicles | 24 | €5,075 | €2,378 | -€2,697 | -53.1% |
| Other tangible fixed assets | 26 | €1,214 | - | -€1,214 | |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €709,249 | €600,348 | -€108,900 | -15.4% |
| Stocks and contracts in progress | 3 | €172,184 | €144,963 | -€27,221 | -15.8% |
| Stocks | 30/36 | €172,184 | €144,963 | -€27,221 | -15.8% |
| Amounts receivable within one year | 40/41 | €7,267 | €29,009 | +€21,742 | +299% |
| Trade receivables | 40 | €7,077 | €10,229 | +€3,152 | +44.5% |
| Other amounts receivable | 41 | €191 | €18,780 | +€18,589 | +9,739% |
| Cash at bank and in hand | 54/58 | €512,788 | €413,153 | -€99,635 | -19.4% |
| Deferred charges and accrued income | 490/1 | €17,009 | €13,223 | -€3,786 | -22.3% |
| Total equity and liabilities | 10/49 | €715,607 | €602,796 | -€112,811 | -15.8% |
| Equity | 10/15 | €381,910 | €373,226 | -€8,684 | -2.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €221,910 | €213,226 | -€8,684 | -3.9% |
| Distributable reserves | 133 | €221,910 | €213,226 | -€8,684 | -3.9% |
| Amounts payable | 17/49 | €333,697 | €229,570 | -€104,127 | -31.2% |
| Amounts payable within one year | 42/48 | €333,697 | €229,570 | -€104,127 | -31.2% |
| Financial debts | 43 | €7,069 | €13,155 | +€6,086 | +86.1% |
| Credit institutions | 430/8 | €7,069 | €13,155 | +€6,086 | +86.1% |
| Trade debts | 44 | €94,372 | €27,723 | -€66,649 | -70.6% |
| Suppliers | 440/4 | €94,372 | €27,723 | -€66,649 | -70.6% |
| Taxes, remuneration and social security | 45 | €99,256 | €114,067 | +€14,811 | +14.9% |
| Taxes | 450/3 | €39,044 | €35,575 | -€3,469 | -8.9% |
| Remuneration and social security | 454/9 | €60,212 | €78,492 | +€18,280 | +30.4% |
| Other amounts payable | 47/48 | €133,000 | €74,624 | -€58,376 | -43.9% |
| Remuneration, social security and pensions | 62 | €407,699 | €445,182 | +€37,483 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | €3,911 | -€209 | -5.1% |
| Other operating charges | 640/8 | €1,106 | €2,751 | +€1,645 | +149% |
| Gross operating margin | 9900 | €604,837 | €535,738 | -€69,099 | -11.4% |
| Operating profit (loss) | 9901 | €191,911 | €83,894 | -€108,017 | -56.3% |
| Financial income | 75/76B | €149 | €245 | +€96 | +64.2% |
| Recurring financial income | 75 | €149 | €245 | +€96 | +64.2% |
| Financial charges | 65/66B | €14,884 | €13,252 | -€1,632 | -11.0% |
| Recurring financial charges | 65 | €14,884 | €13,252 | -€1,632 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €177,177 | €70,888 | -€106,289 | -60.0% |
| Income taxes | 67/77 | €18,290 | €4,948 | -€13,343 | -73.0% |
| Profit (loss) for the period | 9904 | €158,887 | €65,940 | -€92,946 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €158,887 | €65,940 | -€92,946 | -58.5% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.