Gris taupe: 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.
Gris taupe
Largest movements
- Stocks and contracts +€5,977
up €5,977 (+16.2%), from €36,881 to €42,859
- Tangible fixed assets -€1,950
down €1,950 (-3.2%), from €60,500 to €58,550
- Debts after one year -€10,234
down €10,234 (-17.3%), from €59,000 to €48,766
- Profit (loss) carried forward +€8,558
up €8,558 (+8.5%), from -€100,396 to -€91,838
- Other debts +€3,832
up €3,832 (+5.2%), from €73,650 to €77,482
- Trade debts +€2,398
up €2,398 (+135%), from €1,777 to €4,175
- Short-term financial debts -€1,094
down €1,094 (-43.8%), from €2,499 to €1,404
- Depreciation -€8,745
down €8,745 (-81.8%), from €10,695 to €1,950
- Other operating charges +€770
up €770 (+18.1%), from €4,251 to €5,021
- Gross operating margin -€476
down €476 (-2.6%), from €18,620 to €18,144
- Financial charges -€363
down €363 (-12.5%), from €2,895 to €2,532
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 | €98,361 | €101,789 | +€3,428 | +3.5% |
| Fixed assets | 21/28 | €60,500 | €58,550 | -€1,950 | -3.2% |
| Tangible fixed assets | 22/27 | €60,500 | €58,550 | -€1,950 | -3.2% |
| Land and buildings | 22 | €60,500 | €58,550 | -€1,950 | -3.2% |
| Current assets | 29/58 | €37,861 | €43,239 | +€5,378 | +14.2% |
| Stocks and contracts in progress | 3 | €36,881 | €42,859 | +€5,977 | +16.2% |
| Stocks | 30/36 | €36,881 | €42,859 | +€5,977 | +16.2% |
| Amounts receivable within one year | 40/41 | €315 | €346 | +€31 | +10.0% |
| Trade receivables | 40 | €240 | €272 | +€32 | +13.2% |
| Other amounts receivable | 41 | €75 | €75 | -€0 | -0.3% |
| Cash at bank and in hand | 54/58 | €665 | €34 | -€631 | -94.9% |
| Total equity and liabilities | 10/49 | €98,361 | €101,789 | +€3,428 | +3.5% |
| Equity | 10/15 | -€50,396 | -€41,838 | +€8,558 | +17.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,396 | -€91,838 | +€8,558 | +8.5% |
| Amounts payable | 17/49 | €148,757 | €143,627 | -€5,130 | -3.4% |
| Amounts payable after more than one year | 17 | €59,000 | €48,766 | -€10,234 | -17.3% |
| Financial debts | 170/4 | €59,000 | €48,766 | -€10,234 | -17.3% |
| Amounts payable within one year | 42/48 | €89,758 | €94,862 | +€5,104 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €9,953 | €10,234 | +€281 | +2.8% |
| Financial debts | 43 | €2,499 | €1,404 | -€1,094 | -43.8% |
| Credit institutions | 430/8 | €2,499 | €1,404 | -€1,094 | -43.8% |
| Trade debts | 44 | €1,777 | €4,175 | +€2,398 | +135% |
| Suppliers | 440/4 | €1,777 | €4,175 | +€2,398 | +135% |
| Taxes, remuneration and social security | 45 | €1,880 | €1,567 | -€313 | -16.6% |
| Taxes | 450/3 | €1,880 | €1,567 | -€313 | -16.6% |
| Other amounts payable | 47/48 | €73,650 | €77,482 | +€3,832 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,695 | €1,950 | -€8,745 | -81.8% |
| Other operating charges | 640/8 | €4,251 | €5,021 | +€770 | +18.1% |
| Gross operating margin | 9900 | €18,620 | €18,144 | -€476 | -2.6% |
| Operating profit (loss) | 9901 | €3,673 | €11,173 | +€7,500 | +204% |
| Financial charges | 65/66B | €2,895 | €2,532 | -€363 | -12.5% |
| Recurring financial charges | 65 | €2,895 | €2,532 | -€363 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €778 | €8,640 | +€7,862 | +1,010% |
| Income taxes | 67/77 | €96 | €83 | -€14 | -14.0% |
| Profit (loss) for the period | 9904 | €682 | €8,558 | +€7,876 | +1,155% |
| Profit (loss) for the period to be appropriated | 9905 | €682 | €8,558 | +€7,876 | +1,155% |
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 30 October 2026 via checked.be.