GREUT: 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.
GREUT
Largest movements
- Cash -€188,727
down €188,727 (-78.0%), from €241,980 to €53,253
mainly Contributions, distributions and other (-€105,882) and Net result for the year (-€60,482)
- Receivables within one year -€20,309
down €20,309 (-88.5%), from €22,939 to €2,630
of which Other amounts receivable: -€10,627
- Profit (loss) carried forward -€166,365
down €166,365 (-78.4%), from €212,263 to €45,898
- Tax, wage and social debts -€38,818
down €38,818 (-90.2%), from €43,021 to €4,203
of which Taxes: -€38,290
- Other debts -€2,870
down €2,870 (-45.0%), from €6,377 to €3,507
- Gross operating margin -€145,098
down €145,098, from €137,505 to -€7,593
- Financial charges +€19,174
up €19,174 (+60.8%), from €31,548 to €50,722
- Taxes -€16,474
down €16,474 (-97.7%), from €16,864 to €390
- Financial income -€1,868
down €1,868 (-98.4%), from €1,899 to €31
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 | €266,107 | €58,476 | -€207,632 | -78.0% |
| Fixed assets | 21/28 | €1,175 | €2,209 | +€1,034 | +88.0% |
| Tangible fixed assets | 22/27 | €1,175 | €2,209 | +€1,034 | +88.0% |
| Furniture and vehicles | 24 | €1,175 | €2,209 | +€1,034 | +88.0% |
| Current assets | 29/58 | €264,932 | €56,267 | -€208,666 | -78.8% |
| Amounts receivable within one year | 40/41 | €22,939 | €2,630 | -€20,309 | -88.5% |
| Trade receivables | 40 | €11,312 | €1,630 | -€9,681 | -85.6% |
| Other amounts receivable | 41 | €11,627 | €1,000 | -€10,627 | -91.4% |
| Cash at bank and in hand | 54/58 | €241,980 | €53,253 | -€188,727 | -78.0% |
| Deferred charges and accrued income | 490/1 | €13 | €383 | +€370 | +2793.7% |
| Total equity and liabilities | 10/49 | €266,107 | €58,476 | -€207,632 | -78.0% |
| Equity | 10/15 | €214,263 | €47,898 | -€166,365 | -77.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,263 | €45,898 | -€166,365 | -78.4% |
| Amounts payable | 17/49 | €51,845 | €10,578 | -€41,267 | -79.6% |
| Amounts payable within one year | 42/48 | €51,845 | €10,578 | -€41,267 | -79.6% |
| Trade debts | 44 | €2,447 | €2,867 | +€420 | +17.2% |
| Suppliers | 440/4 | €2,447 | €2,867 | +€420 | +17.2% |
| Taxes, remuneration and social security | 45 | €43,021 | €4,203 | -€38,818 | -90.2% |
| Taxes | 450/3 | €42,373 | €4,083 | -€38,290 | -90.4% |
| Remuneration and social security | 454/9 | €648 | €120 | -€528 | -81.5% |
| Other amounts payable | 47/48 | €6,377 | €3,507 | -€2,870 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €1,218 | +€485 | +66.2% |
| Other operating charges | 640/8 | €788 | €590 | -€198 | -25.1% |
| Gross operating margin | 9900 | €137,505 | -€7,593 | -€145,098 | |
| Operating profit (loss) | 9901 | €135,984 | -€9,401 | -€145,386 | |
| Financial income | 75/76B | €1,899 | €31 | -€1,868 | -98.4% |
| Recurring financial income | 75 | €1,899 | €31 | -€1,868 | -98.4% |
| Financial charges | 65/66B | €31,548 | €50,722 | +€19,174 | +60.8% |
| Recurring financial charges | 65 | €31,548 | €50,722 | +€19,174 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €106,335 | -€60,092 | -€166,427 | |
| Income taxes | 67/77 | €16,864 | €390 | -€16,474 | -97.7% |
| Profit (loss) for the period | 9904 | €89,471 | -€60,482 | -€149,953 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,471 | -€60,482 | -€149,953 |
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 8 October 2026 via checked.be.