GREY COMPANY: what changed
GREY COMPANY
Largest movements
- Tangible fixed assets +€15,827
new in 2025: €15,827
of which Plant, machinery and equipment: +€11,296
- Cash -€10,234
down €10,234 (-91.7%), from €11,157 to €923
mainly Net result for the year (-€113,149) and Investment in fixed assets (net) (-€17,193)
- Receivables within one year -€8,195
down €8,195 (-26.2%), from €31,248 to €23,054
of which Trade receivables: -€6,235
- Stocks and contracts +€3,498
up €3,498 (+14.4%), from €24,366 to €27,864
- Profit (loss) carried forward -€113,149
down €113,149, from €11,171 to -€101,978
- Trade debts +€63,743
up €63,743 (+209%), from €30,517 to €94,260
- Other debts +€54,179
up €54,179 (+379%), from €14,284 to €68,463
- Tax, wage and social debts -€3,430
down €3,430 (-52.6%), from €6,516 to €3,087
- Gross operating margin -€128,804
down €128,804, from €17,302 to -€111,502
- Taxes -€6,516
down €6,516 (-100%), from €6,516 to €0
- Depreciation +€1,365
new in 2025: €1,365
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,496 | €68,690 | +€1,193 | +1.8% |
| Fixed assets | 21/28 | - | €15,827 | +€15,827 | |
| Tangible fixed assets | 22/27 | - | €15,827 | +€15,827 | |
| Plant, machinery and equipment | 23 | - | €11,296 | +€11,296 | |
| Furniture and vehicles | 24 | - | €4,531 | +€4,531 | |
| Current assets | 29/58 | €67,496 | €52,862 | -€14,634 | -21.7% |
| Stocks and contracts in progress | 3 | €24,366 | €27,864 | +€3,498 | +14.4% |
| Stocks | 30/36 | €24,366 | €27,864 | +€3,498 | +14.4% |
| Amounts receivable within one year | 40/41 | €31,248 | €23,054 | -€8,195 | -26.2% |
| Trade receivables | 40 | €28,603 | €22,368 | -€6,235 | -21.8% |
| Other amounts receivable | 41 | €2,646 | €686 | -€1,960 | -74.1% |
| Cash at bank and in hand | 54/58 | €11,157 | €923 | -€10,234 | -91.7% |
| Deferred charges and accrued income | 490/1 | €725 | €1,022 | +€296 | +40.8% |
| Total equity and liabilities | 10/49 | €67,496 | €68,690 | +€1,193 | +1.8% |
| Equity | 10/15 | €14,171 | -€98,978 | -€113,149 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,171 | -€101,978 | -€113,149 | |
| Amounts payable | 17/49 | €53,325 | €167,667 | +€114,343 | +214% |
| Amounts payable within one year | 42/48 | €51,317 | €165,810 | +€114,492 | +223% |
| Trade debts | 44 | €30,517 | €94,260 | +€63,743 | +209% |
| Suppliers | 440/4 | €30,517 | €94,260 | +€63,743 | +209% |
| Taxes, remuneration and social security | 45 | €6,516 | €3,087 | -€3,430 | -52.6% |
| Taxes | 450/3 | €6,516 | €3,087 | -€3,430 | -52.6% |
| Other amounts payable | 47/48 | €14,284 | €68,463 | +€54,179 | +379% |
| Accrued charges and deferred income | 492/3 | €2,008 | €1,858 | -€150 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,365 | +€1,365 | |
| Other operating charges | 640/8 | €508 | €380 | -€128 | -25.2% |
| Gross operating margin | 9900 | €17,302 | -€111,502 | -€128,804 | |
| Operating profit (loss) | 9901 | €16,794 | -€113,247 | -€130,041 | |
| Financial income | 75/76B | €1,309 | €562 | -€747 | -57.1% |
| Recurring financial income | 75 | €1,309 | €562 | -€747 | -57.1% |
| Financial charges | 65/66B | €416 | €464 | +€48 | +11.6% |
| Recurring financial charges | 65 | €416 | €464 | +€48 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €17,688 | -€113,149 | -€130,837 | |
| Income taxes | 67/77 | €6,516 | €0 | -€6,516 | -100% |
| Profit (loss) for the period | 9904 | €11,171 | -€113,149 | -€124,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,171 | -€113,149 | -€124,320 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.