GRJD Services: 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.
GRJD Services
Largest movements
- Tangible fixed assets -€19,154
down €19,154 (-8.1%), from €237,376 to €218,221
of which Furniture and vehicles: -€14,124
- Cash -€14,601
down €14,601 (-90.5%), from €16,139 to €1,537
mainly Debts after one year (-€22,956) and Other debts (-€14,966)
- Receivables within one year +€13,888
up €13,888 (+51.1%), from €27,198 to €41,086
of which Trade receivables: +€16,187
- Debts after one year -€22,956
down €22,956 (-15.4%), from €148,996 to €126,039
- Profit (loss) carried forward +€16,850
up €16,850 (+98.7%), from -€17,078 to -€228
- Other debts -€14,966
no longer reported in 2025 (was €14,966)
- Gross operating margin +€39,962
up €39,962 (+432.2%), from €9,247 to €49,209
- Taxes +€6,811
up €6,811 (+985.7%), from €691 to €7,502
- Depreciation -€1,378
down €1,378 (-6.9%), from €19,831 to €18,453
- Financial income -€867
down €867 (-91.7%), from €946 to €79
- Financial charges -€613
down €613 (-11.3%), from €5,403 to €4,790
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 | €281,523 | €260,978 | -€20,545 | -7.3% |
| Fixed assets | 21/28 | €237,376 | €218,221 | -€19,154 | -8.1% |
| Tangible fixed assets | 22/27 | €237,376 | €218,221 | -€19,154 | -8.1% |
| Land and buildings | 22 | €191,114 | €186,083 | -€5,030 | -2.6% |
| Furniture and vehicles | 24 | €46,262 | €32,138 | -€14,124 | -30.5% |
| Current assets | 29/58 | €44,147 | €42,756 | -€1,391 | -3.2% |
| Amounts receivable within one year | 40/41 | €27,198 | €41,086 | +€13,888 | +51.1% |
| Trade receivables | 40 | €8,226 | €24,413 | +€16,187 | +196.8% |
| Other amounts receivable | 41 | €18,972 | €16,673 | -€2,299 | -12.1% |
| Cash at bank and in hand | 54/58 | €16,139 | €1,537 | -€14,601 | -90.5% |
| Deferred charges and accrued income | 490/1 | €810 | €133 | -€678 | -83.6% |
| Total equity and liabilities | 10/49 | €281,523 | €260,978 | -€20,545 | -7.3% |
| Equity | 10/15 | €79,418 | €96,268 | +€16,850 | +21.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,096 | €84,096 | = | 0.0% |
| Distributable reserves | 133 | €84,096 | €84,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,078 | -€228 | +€16,850 | +98.7% |
| Amounts payable | 17/49 | €202,105 | €164,710 | -€37,395 | -18.5% |
| Amounts payable after more than one year | 17 | €148,996 | €126,039 | -€22,956 | -15.4% |
| Financial debts | 170/4 | €148,996 | €126,039 | -€22,956 | -15.4% |
| Amounts payable within one year | 42/48 | €52,387 | €38,671 | -€13,716 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €22,198 | €22,956 | +€758 | +3.4% |
| Trade debts | 44 | €3,876 | €5,021 | +€1,145 | +29.6% |
| Suppliers | 440/4 | €3,876 | €5,021 | +€1,145 | +29.6% |
| Taxes, remuneration and social security | 45 | €11,347 | €10,693 | -€654 | -5.8% |
| Taxes | 450/3 | €11,347 | €9,693 | -€1,654 | -14.6% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €14,966 | - | -€14,966 | |
| Accrued charges and deferred income | 492/3 | €722 | - | -€722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,831 | €18,453 | -€1,378 | -6.9% |
| Other operating charges | 640/8 | €1,345 | €1,693 | +€348 | +25.8% |
| Gross operating margin | 9900 | €9,247 | €49,209 | +€39,962 | +432.2% |
| Operating profit (loss) | 9901 | -€11,930 | €29,063 | +€40,993 | |
| Financial income | 75/76B | €946 | €79 | -€867 | -91.7% |
| Recurring financial income | 75 | €946 | €79 | -€867 | -91.7% |
| Financial charges | 65/66B | €5,403 | €4,790 | -€613 | -11.3% |
| Recurring financial charges | 65 | €5,403 | €4,790 | -€613 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,387 | €24,352 | +€40,738 | |
| Income taxes | 67/77 | €691 | €7,502 | +€6,811 | +985.7% |
| Profit (loss) for the period | 9904 | -€17,078 | €16,850 | +€33,927 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,078 | €16,850 | +€33,927 |
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 9 October 2026 via checked.be.