GREVA: 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.
GREVA
Largest movements
- Tangible fixed assets +€211,847
up €211,847 (+204.7%), from €103,481 to €315,328
- Cash -€79,772
down €79,772 (-78.5%), from €101,594 to €21,822
mainly Investment in fixed assets (net) (-€233,448) and Contributions, distributions and other (-€31,558)
- Current investments -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Other debts +€100,000
up €100,000 (+1161.9%), from €8,606 to €108,606
- Reserves -€19,079
down €19,079 (-5.6%), from €340,913 to €321,834
- Depreciation +€8,099
up €8,099 (+60.0%), from €13,503 to €21,601
- Gross operating margin +€7,140
up €7,140 (+22.9%), from €31,122 to €38,262
- Financial income +€3,377
up €3,377 (+148.9%), from €2,268 to €5,644
- Taxes +€690
up €690 (+13.5%), from €5,114 to €5,804
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,815 | €499,459 | +€78,644 | +18.7% |
| Fixed assets | 21/28 | €103,486 | €315,333 | +€211,847 | +204.7% |
| Tangible fixed assets | 22/27 | €103,481 | €315,328 | +€211,847 | +204.7% |
| Land and buildings | 22 | €103,481 | €315,328 | +€211,847 | +204.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €317,329 | €184,126 | -€133,204 | -42.0% |
| Amounts receivable within one year | 40/41 | €13,131 | €11,103 | -€2,028 | -15.4% |
| Other amounts receivable | 41 | €13,131 | €11,103 | -€2,028 | -15.4% |
| Current investments | 50/53 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €101,594 | €21,822 | -€79,772 | -78.5% |
| Deferred charges and accrued income | 490/1 | €2,604 | €1,200 | -€1,404 | -53.9% |
| Total equity and liabilities | 10/49 | €420,815 | €499,459 | +€78,644 | +18.7% |
| Equity | 10/15 | €403,163 | €384,084 | -€19,079 | -4.7% |
| Contributions | 10/11 | €62,250 | €62,250 | = | 0.0% |
| Capital | 10 | €62,250 | - | -€62,250 | |
| Issued capital | 100 | €62,250 | - | -€62,250 | |
| Reserves | 13 | €340,913 | €321,834 | -€19,079 | -5.6% |
| Distributable reserves | 133 | €340,913 | €321,834 | -€19,079 | -5.6% |
| Amounts payable | 17/49 | €17,652 | €115,375 | +€97,723 | +553.6% |
| Amounts payable within one year | 42/48 | €13,069 | €113,217 | +€100,148 | +766.3% |
| Trade debts | 44 | €4,463 | €4,611 | +€148 | +3.3% |
| Suppliers | 440/4 | €4,463 | €4,611 | +€148 | +3.3% |
| Other amounts payable | 47/48 | €8,606 | €108,606 | +€100,000 | +1161.9% |
| Accrued charges and deferred income | 492/3 | €4,583 | €2,157 | -€2,425 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,503 | €21,601 | +€8,099 | +60.0% |
| Other operating charges | 640/8 | €3,729 | €3,868 | +€139 | +3.7% |
| Gross operating margin | 9900 | €31,122 | €38,262 | +€7,140 | +22.9% |
| Operating profit (loss) | 9901 | €13,890 | €12,792 | -€1,098 | -7.9% |
| Financial income | 75/76B | €2,268 | €5,644 | +€3,377 | +148.9% |
| Recurring financial income | 75 | €2,268 | €5,644 | +€3,377 | +148.9% |
| Financial charges | 65/66B | €154 | €154 | -€0 | 0.0% |
| Recurring financial charges | 65 | €154 | €154 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €16,004 | €18,283 | +€2,279 | +14.2% |
| Income taxes | 67/77 | €5,114 | €5,804 | +€690 | +13.5% |
| Profit (loss) for the period | 9904 | €10,890 | €12,479 | +€1,589 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,890 | €12,479 | +€1,589 | +14.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.