Grezo Constructions: 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.
Grezo Constructions
Largest movements
- Cash +€196,477
up €196,477 (+2001.1%), from €9,819 to €206,295
mainly Trade debts (+€115,013) and Receivables within one year (+€67,325)
- Receivables within one year -€67,325
down €67,325 (-56.2%), from €119,878 to €52,553
of which Trade receivables: -€55,165
- Tangible fixed assets +€23,305
up €23,305 (+83.3%), from €27,961 to €51,266
- Trade debts +€115,013
up €115,013 (+130.6%), from €88,068 to €203,081
- Current portion of long-term debt +€40,711
new in 2025: €40,711
- Other debts -€20,895
down €20,895 (-80.1%), from €26,094 to €5,199
- Profit (loss) carried forward +€12,691
up €12,691 (+37.5%), from €33,844 to €46,535
- Tax, wage and social debts +€5,882
up €5,882 (+63.9%), from €9,200 to €15,082
- Staff costs +€10,851
new in 2025: €10,851
- Depreciation +€5,113
up €5,113 (+60.0%), from €8,525 to €13,638
- Financial charges +€4,600
up €4,600 (+234.9%), from €1,959 to €6,559
- Taxes -€3,449
down €3,449 (-41.1%), from €8,400 to €4,951
- Other operating charges +€2,878
up €2,878 (+88.6%), from €3,247 to €6,125
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 | €159,206 | €312,608 | +€153,402 | +96.4% |
| Fixed assets | 21/28 | €27,961 | €53,760 | +€25,799 | +92.3% |
| Tangible fixed assets | 22/27 | €27,961 | €51,266 | +€23,305 | +83.3% |
| Plant, machinery and equipment | 23 | €11,151 | €22,184 | +€11,033 | +98.9% |
| Furniture and vehicles | 24 | €16,810 | €22,940 | +€6,130 | +36.5% |
| Other tangible fixed assets | 26 | - | €6,142 | +€6,142 | |
| Financial fixed assets | 28 | - | €2,493 | +€2,493 | |
| Current assets | 29/58 | €131,245 | €258,848 | +€127,603 | +97.2% |
| Amounts receivable within one year | 40/41 | €119,878 | €52,553 | -€67,325 | -56.2% |
| Trade receivables | 40 | €95,366 | €40,201 | -€55,165 | -57.8% |
| Other amounts receivable | 41 | €24,512 | €12,352 | -€12,160 | -49.6% |
| Cash at bank and in hand | 54/58 | €9,819 | €206,295 | +€196,477 | +2001.1% |
| Deferred charges and accrued income | 490/1 | €1,548 | - | -€1,548 | |
| Total equity and liabilities | 10/49 | €159,206 | €312,608 | +€153,402 | +96.4% |
| Equity | 10/15 | €35,844 | €48,535 | +€12,691 | +35.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,844 | €46,535 | +€12,691 | +37.5% |
| Amounts payable | 17/49 | €123,362 | €264,073 | +€140,711 | +114.1% |
| Amounts payable within one year | 42/48 | €123,362 | €264,073 | +€140,711 | +114.1% |
| Current portion of amounts payable after more than one year | 42 | - | €40,711 | +€40,711 | |
| Trade debts | 44 | €88,068 | €203,081 | +€115,013 | +130.6% |
| Suppliers | 440/4 | €88,068 | €203,081 | +€115,013 | +130.6% |
| Taxes, remuneration and social security | 45 | €9,200 | €15,082 | +€5,882 | +63.9% |
| Taxes | 450/3 | €9,200 | €15,082 | +€5,882 | +63.9% |
| Other amounts payable | 47/48 | €26,094 | €5,199 | -€20,895 | -80.1% |
| Remuneration, social security and pensions | 62 | - | €10,851 | +€10,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,525 | €13,638 | +€5,113 | +60.0% |
| Other operating charges | 640/8 | €3,247 | €6,125 | +€2,878 | +88.6% |
| Gross operating margin | 9900 | €55,842 | €53,647 | -€2,195 | -3.9% |
| Operating profit (loss) | 9901 | €44,071 | €23,033 | -€21,037 | -47.7% |
| Financial income | 75/76B | €132 | €1,168 | +€1,036 | +785.5% |
| Recurring financial income | 75 | €132 | €1,168 | +€1,036 | +785.5% |
| Financial charges | 65/66B | €1,959 | €6,559 | +€4,600 | +234.9% |
| Recurring financial charges | 65 | €1,959 | €6,559 | +€4,600 | +234.9% |
| Profit (loss) for the period before taxes | 9903 | €42,244 | €17,642 | -€24,602 | -58.2% |
| Income taxes | 67/77 | €8,400 | €4,951 | -€3,449 | -41.1% |
| Profit (loss) for the period | 9904 | €33,844 | €12,691 | -€21,153 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,844 | €12,691 | -€21,153 | -62.5% |
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 29 September 2026 via checked.be.