GREY LTD.: 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.
GREY LTD.
Largest movements
- Stocks and contracts +€13,050
up €13,050 (+39.5%), from €33,050 to €46,100
of which Contracts in progress: +€10,500
- Tangible fixed assets -€11,606
down €11,606 (-46.5%), from €24,975 to €13,369
of which Furniture and vehicles: -€6,316
- Deferred charges and accrued income -€1,059
down €1,059 (-93.0%), from €1,139 to €80
- Receivables within one year +€809
up €809 (+8.2%), from €9,837 to €10,646
of which Other amounts receivable: +€809
- Debts after one year +€2,810
up €2,810 (+3.1%), from €89,377 to €92,187
- Trade debts -€1,518
down €1,518 (-50.6%), from €2,998 to €1,480
- Current portion of long-term debt -€1,184
down €1,184 (-91.5%), from €1,294 to €110
- Tax, wage and social debts +€988
up €988 (+64.3%), from €1,536 to €2,524
- Gross operating margin -€13,975
down €13,975 (-51.2%), from €27,312 to €13,337
- Depreciation -€9,278
down €9,278 (-44.4%), from €20,884 to €11,606
- Financial charges -€1,075
down €1,075 (-66.3%), from €1,622 to €547
of which Financial charges: -€1,075
- Other operating charges -€900
down €900 (-88.8%), from €1,013 to €113
- Taxes -€649
down €649 (-39.7%), from €1,637 to €988
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 | €78,435 | €80,267 | +€1,832 | +2.3% |
| Fixed assets | 21/28 | €24,975 | €13,369 | -€11,606 | -46.5% |
| Tangible fixed assets | 22/27 | €24,975 | €13,369 | -€11,606 | -46.5% |
| Plant, machinery and equipment | 23 | €16,005 | €10,715 | -€5,291 | -33.1% |
| Furniture and vehicles | 24 | €8,970 | €2,655 | -€6,316 | -70.4% |
| Current assets | 29/58 | €53,459 | €66,898 | +€13,438 | +25.1% |
| Stocks and contracts in progress | 3 | €33,050 | €46,100 | +€13,050 | +39.5% |
| Stocks | 30/36 | €18,050 | €20,600 | +€2,550 | +14.1% |
| Contracts in progress | 37 | €15,000 | €25,500 | +€10,500 | +70.0% |
| Amounts receivable within one year | 40/41 | €9,837 | €10,646 | +€809 | +8.2% |
| Trade receivables | 40 | €1,961 | €1,961 | = | 0.0% |
| Other amounts receivable | 41 | €7,876 | €8,685 | +€809 | +10.3% |
| Cash at bank and in hand | 54/58 | €9,434 | €10,072 | +€638 | +6.8% |
| Deferred charges and accrued income | 490/1 | €1,139 | €80 | -€1,059 | -93.0% |
| Total equity and liabilities | 10/49 | €78,435 | €80,267 | +€1,832 | +2.3% |
| Equity | 10/15 | -€17,293 | -€17,210 | +€83 | +0.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,293 | -€57,210 | +€83 | +0.1% |
| Amounts payable | 17/49 | €95,727 | €97,477 | +€1,749 | +1.8% |
| Amounts payable after more than one year | 17 | €89,377 | €92,187 | +€2,810 | +3.1% |
| Financial debts | 170/4 | €89,377 | €92,187 | +€2,810 | +3.1% |
| Amounts payable within one year | 42/48 | €6,351 | €5,290 | -€1,061 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €1,294 | €110 | -€1,184 | -91.5% |
| Financial debts | 43 | €88 | - | -€88 | |
| Credit institutions | 430/8 | €88 | - | -€88 | |
| Trade debts | 44 | €2,998 | €1,480 | -€1,518 | -50.6% |
| Suppliers | 440/4 | €2,998 | €1,480 | -€1,518 | -50.6% |
| Advances received on contracts in progress | 46 | - | €111 | +€111 | |
| Taxes, remuneration and social security | 45 | €1,536 | €2,524 | +€988 | +64.3% |
| Taxes | 450/3 | €1,536 | €2,524 | +€988 | +64.3% |
| Other amounts payable | 47/48 | €435 | €1,066 | +€631 | +145.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,884 | €11,606 | -€9,278 | -44.4% |
| Other operating charges | 640/8 | €1,013 | €113 | -€900 | -88.8% |
| Gross operating margin | 9900 | €27,312 | €13,337 | -€13,975 | -51.2% |
| Operating profit (loss) | 9901 | €5,415 | €1,618 | -€3,798 | -70.1% |
| Financial charges | 65/66B | €1,622 | €547 | -€1,075 | -66.3% |
| Recurring financial charges | 65 | €1,622 | €547 | -€1,075 | -66.3% |
| Non-recurring financial charges | 66B | €1,622 | €547 | -€1,075 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €3,793 | €1,071 | -€2,723 | -71.8% |
| Income taxes | 67/77 | €1,637 | €988 | -€649 | -39.7% |
| Profit (loss) for the period | 9904 | €2,156 | €83 | -€2,073 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,156 | €83 | -€2,073 | -96.2% |
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 2 October 2026 via checked.be.