Greyfox Consulting: what changed
Two financial 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.
Greyfox Consulting
Largest movements
- Receivables within one year +€61,380
up €61,380 (+239%), from €25,666 to €87,047
of which Other amounts receivable: +€60,823
- Cash -€4,850
down €4,850 (-55.2%), from €8,779 to €3,929
mainly Receivables within one year (-€61,380) and Investment in fixed assets (net) (-€3,461)
- Deferred charges and accrued income -€4,687
down €4,687 (-34.3%), from €13,659 to €8,972
- Tangible fixed assets -€3,903
down €3,903 (-14.1%), from €27,683 to €23,780
of which Furniture and vehicles: -€4,874
- Profit (loss) carried forward +€48,155
up €48,155 (+83.2%), from €57,884 to €106,039
- Gross operating margin +€47,216
up €47,216 (+199%), from €23,737 to €70,953
- Taxes +€10,655
up €10,655 (+279%), from €3,824 to €14,479
- Financial income +€2,209
up €2,209 (+494%), from €447 to €2,657
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.
Derived cash bridge
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 | €75,788 | €123,728 | +€47,940 | +63.3% |
| Fixed assets | 21/28 | €27,683 | €23,780 | -€3,903 | -14.1% |
| Tangible fixed assets | 22/27 | €27,683 | €23,780 | -€3,903 | -14.1% |
| Furniture and vehicles | 24 | €17,389 | €12,515 | -€4,874 | -28.0% |
| Other tangible fixed assets | 26 | €10,294 | €11,264 | +€970 | +9.4% |
| Current assets | 29/58 | €48,105 | €99,948 | +€51,844 | +108% |
| Amounts receivable within one year | 40/41 | €25,666 | €87,047 | +€61,380 | +239% |
| Trade receivables | 40 | €9,375 | €9,933 | +€558 | +5.9% |
| Other amounts receivable | 41 | €16,291 | €77,114 | +€60,823 | +373% |
| Cash at bank and in hand | 54/58 | €8,779 | €3,929 | -€4,850 | -55.2% |
| Deferred charges and accrued income | 490/1 | €13,659 | €8,972 | -€4,687 | -34.3% |
| Total equity and liabilities | 10/49 | €75,788 | €123,728 | +€47,940 | +63.3% |
| Equity | 10/15 | €65,384 | €113,539 | +€48,155 | +73.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,884 | €106,039 | +€48,155 | +83.2% |
| Amounts payable | 17/49 | €10,404 | €10,189 | -€214 | -2.1% |
| Amounts payable within one year | 42/48 | €10,404 | €10,189 | -€214 | -2.1% |
| Trade debts | 44 | €2,235 | €1,525 | -€710 | -31.8% |
| Suppliers | 440/4 | €2,235 | €1,525 | -€710 | -31.8% |
| Taxes, remuneration and social security | 45 | €8,168 | €8,664 | +€496 | +6.1% |
| Taxes | 450/3 | €5,868 | €6,364 | +€496 | +8.4% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,179 | €7,364 | +€185 | +2.6% |
| Other operating charges | 640/8 | €1,585 | €1,214 | -€371 | -23.4% |
| Gross operating margin | 9900 | €23,737 | €70,953 | +€47,216 | +199% |
| Operating profit (loss) | 9901 | €14,973 | €62,375 | +€47,402 | +317% |
| Financial income | 75/76B | €447 | €2,657 | +€2,209 | +494% |
| Recurring financial income | 75 | €447 | €2,657 | +€2,209 | +494% |
| Financial charges | 65/66B | €2,596 | €2,398 | -€198 | -7.6% |
| Recurring financial charges | 65 | €2,596 | €2,398 | -€198 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €12,825 | €62,633 | +€49,809 | +388% |
| Income taxes | 67/77 | €3,824 | €14,479 | +€10,655 | +279% |
| Profit (loss) for the period | 9904 | €9,001 | €48,155 | +€39,154 | +435% |
| Profit (loss) for the period to be appropriated | 9905 | €9,001 | €48,155 | +€39,154 | +435% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.