GREYCELLS: 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.
GREYCELLS
Largest movements
- Receivables within one year -€137,909
down €137,909 (-77.5%), from €178,031 to €40,122
of which Trade receivables: -€107,258
- Cash +€40,436
up €40,436 (+118.2%), from €34,214 to €74,650
mainly Receivables within one year (+€137,909) and Other debts (+€71,261)
- Tangible fixed assets -€7,432
down €7,432 (-30.5%), from €24,381 to €16,949
of which Furniture and vehicles: -€10,370
- Tax, wage and social debts -€96,210
down €96,210 (-49.6%), from €193,939 to €97,729
of which Taxes: -€99,584
- Trade debts -€90,409
down €90,409 (-31.2%), from €289,615 to €199,206
- Other debts +€71,261
new in 2024: €71,261
- Profit (loss) carried forward +€15,251
up €15,251 (+11.9%), from €128,059 to €143,310
- Current portion of long-term debt -€7,603
no longer reported in 2024 (was €7,603)
- Staff costs -€11,280
down €11,280 (-16.2%), from €69,707 to €58,427
- Gross operating margin +€8,840
up €8,840 (+10.2%), from €86,512 to €95,352
- Taxes +€8,406
new in 2024: €8,406
- Other operating charges +€1,030
up €1,030 (+150.6%), from €684 to €1,714
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 | €627,276 | €519,566 | -€107,710 | -17.2% |
| Fixed assets | 21/28 | €27,591 | €20,159 | -€7,432 | -26.9% |
| Tangible fixed assets | 22/27 | €24,381 | €16,949 | -€7,432 | -30.5% |
| Plant, machinery and equipment | 23 | €2,386 | €5,324 | +€2,938 | +123.1% |
| Furniture and vehicles | 24 | €21,995 | €11,625 | -€10,370 | -47.1% |
| Financial fixed assets | 28 | €3,210 | €3,210 | = | 0.0% |
| Current assets | 29/58 | €599,685 | €499,407 | -€100,278 | -16.7% |
| Stocks and contracts in progress | 3 | €384,452 | €380,452 | -€4,000 | -1.0% |
| Stocks | 30/36 | €384,452 | €380,452 | -€4,000 | -1.0% |
| Amounts receivable within one year | 40/41 | €178,031 | €40,122 | -€137,909 | -77.5% |
| Trade receivables | 40 | €110,154 | €2,896 | -€107,258 | -97.4% |
| Other amounts receivable | 41 | €67,877 | €37,226 | -€30,651 | -45.2% |
| Cash at bank and in hand | 54/58 | €34,214 | €74,650 | +€40,436 | +118.2% |
| Deferred charges and accrued income | 490/1 | €2,988 | €4,183 | +€1,195 | +40.0% |
| Total equity and liabilities | 10/49 | €627,276 | €519,566 | -€107,710 | -17.2% |
| Equity | 10/15 | €136,119 | €151,370 | +€15,251 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,059 | €143,310 | +€15,251 | +11.9% |
| Amounts payable | 17/49 | €491,157 | €368,196 | -€122,961 | -25.0% |
| Amounts payable within one year | 42/48 | €491,157 | €368,196 | -€122,961 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €7,603 | - | -€7,603 | |
| Trade debts | 44 | €289,615 | €199,206 | -€90,409 | -31.2% |
| Suppliers | 440/4 | €289,615 | €199,206 | -€90,409 | -31.2% |
| Taxes, remuneration and social security | 45 | €193,939 | €97,729 | -€96,210 | -49.6% |
| Taxes | 450/3 | €173,594 | €74,010 | -€99,584 | -57.4% |
| Remuneration and social security | 454/9 | €20,345 | €23,719 | +€3,374 | +16.6% |
| Other amounts payable | 47/48 | - | €71,261 | +€71,261 | |
| Remuneration, social security and pensions | 62 | €69,707 | €58,427 | -€11,280 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,663 | €11,240 | +€577 | +5.4% |
| Other operating charges | 640/8 | €684 | €1,714 | +€1,030 | +150.6% |
| Gross operating margin | 9900 | €86,512 | €95,352 | +€8,840 | +10.2% |
| Operating profit (loss) | 9901 | €5,458 | €23,971 | +€18,513 | +339.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €748 | €320 | -€428 | -57.2% |
| Recurring financial charges | 65 | €748 | €320 | -€428 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €4,710 | €23,657 | +€18,947 | +402.3% |
| Income taxes | 67/77 | - | €8,406 | +€8,406 | |
| Profit (loss) for the period | 9904 | €4,710 | €15,251 | +€10,541 | +223.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,710 | €15,251 | +€10,541 | +223.8% |
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.