GREYELLO: 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.
GREYELLO
Largest movements
- Cash +€39,921
up €39,921 (+228.0%), from €17,511 to €57,431
mainly Other debts (+€58,032) and Net result for the year (+€25,294)
- Receivables within one year -€15,324
down €15,324 (-44.6%), from €34,346 to €19,022
of which Other amounts receivable: -€21,408
- Tangible fixed assets +€3,314
new in 2025: €3,314
- Other debts +€58,032
up €58,032 (+1160.6%), from €5,000 to €63,032
- Profit (loss) carried forward -€34,706
down €34,706 (-93.3%), from €37,183 to €2,476
- Tax, wage and social debts +€5,198
up €5,198 (+23.8%), from €21,798 to €26,996
- Gross operating margin -€10,307
down €10,307 (-23.0%), from €44,821 to €34,515
- Taxes -€2,006
down €2,006 (-19.7%), from €10,163 to €8,157
- Financial charges -€557
down €557 (-86.9%), from €641 to €84
- Other operating charges -€470
down €470 (-43.0%), from €1,093 to €623
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 | €264,702 | €294,167 | +€29,465 | +11.1% |
| Fixed assets | 21/28 | €212,400 | €215,714 | +€3,314 | +1.6% |
| Tangible fixed assets | 22/27 | - | €3,314 | +€3,314 | |
| Plant, machinery and equipment | 23 | - | €3,314 | +€3,314 | |
| Financial fixed assets | 28 | €212,400 | €212,400 | = | 0.0% |
| Current assets | 29/58 | €52,302 | €78,453 | +€26,151 | +50.0% |
| Amounts receivable within one year | 40/41 | €34,346 | €19,022 | -€15,324 | -44.6% |
| Trade receivables | 40 | €12,938 | €19,022 | +€6,085 | +47.0% |
| Other amounts receivable | 41 | €21,408 | €0 | -€21,408 | -100.0% |
| Current investments | 50/53 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €17,511 | €57,431 | +€39,921 | +228.0% |
| Deferred charges and accrued income | 490/1 | €446 | €0 | -€446 | -100.0% |
| Total equity and liabilities | 10/49 | €264,702 | €294,167 | +€29,465 | +11.1% |
| Equity | 10/15 | €237,183 | €202,476 | -€34,706 | -14.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,183 | €2,476 | -€34,706 | -93.3% |
| Amounts payable | 17/49 | €27,519 | €91,691 | +€64,172 | +233.2% |
| Amounts payable within one year | 42/48 | €27,519 | €91,691 | +€64,172 | +233.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €721 | €1,663 | +€942 | +130.6% |
| Suppliers | 440/4 | €721 | €1,663 | +€942 | +130.6% |
| Taxes, remuneration and social security | 45 | €21,798 | €26,996 | +€5,198 | +23.8% |
| Taxes | 450/3 | €21,798 | €26,996 | +€5,198 | +23.8% |
| Other amounts payable | 47/48 | €5,000 | €63,032 | +€58,032 | +1160.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €383 | +€383 | |
| Other operating charges | 640/8 | €1,093 | €623 | -€470 | -43.0% |
| Gross operating margin | 9900 | €44,821 | €34,515 | -€10,307 | -23.0% |
| Operating profit (loss) | 9901 | €43,728 | €33,508 | -€10,220 | -23.4% |
| Financial income | 75/76B | €1 | €26 | +€25 | +2563.6% |
| Recurring financial income | 75 | €1 | €26 | +€25 | +2563.6% |
| Financial charges | 65/66B | €641 | €84 | -€557 | -86.9% |
| Recurring financial charges | 65 | €641 | €84 | -€557 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | €43,088 | €33,451 | -€9,637 | -22.4% |
| Income taxes | 67/77 | €10,163 | €8,157 | -€2,006 | -19.7% |
| Profit (loss) for the period | 9904 | €32,924 | €25,294 | -€7,631 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,924 | €25,294 | -€7,631 | -23.2% |
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 5 October 2026 via checked.be.