GRME: 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.
GRME
Largest movements
- Cash +€34,611
up €34,611 (+319.6%), from €10,830 to €45,441
mainly Trade debts (+€27,938) and Net result for the year (+€22,409)
- Receivables within one year +€21,222
up €21,222 (+22.1%), from €95,942 to €117,165
of which Other amounts receivable: +€15,442
- Tangible fixed assets -€4,516
down €4,516 (-5.4%), from €83,280 to €78,765
of which Land and buildings: -€4,046
- Trade debts +€27,938
up €27,938 (+71.6%), from €39,014 to €66,952
- Reserves +€22,409
up €22,409 (+133.4%), from €16,802 to €39,211
- Debts after one year -€8,682
down €8,682 (-49.0%), from €17,700 to €9,018
- Tax, wage and social debts +€6,533
up €6,533 (+23.4%), from €27,945 to €34,478
of which Taxes: +€6,533
- Other debts +€4,954
up €4,954 (+123.0%), from €4,028 to €8,982
- Gross operating margin +€4,693
up €4,693 (+13.5%), from €34,714 to €39,407
- Financial charges -€3,577
down €3,577 (-60.6%), from €5,906 to €2,328
of which Non-recurring financial charges: -€2,779
- Taxes +€1,793
up €1,793 (+25.6%), from €7,017 to €8,810
- Other operating charges +€429
up €429 (+35.2%), from €1,220 to €1,649
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 | €193,025 | €245,670 | +€52,644 | +27.3% |
| Fixed assets | 21/28 | €83,280 | €78,765 | -€4,516 | -5.4% |
| Tangible fixed assets | 22/27 | €83,280 | €78,765 | -€4,516 | -5.4% |
| Land and buildings | 22 | €82,354 | €78,308 | -€4,046 | -4.9% |
| Plant, machinery and equipment | 23 | €181 | €0 | -€181 | -100.0% |
| Furniture and vehicles | 24 | €745 | €456 | -€289 | -38.8% |
| Current assets | 29/58 | €109,745 | €166,905 | +€57,160 | +52.1% |
| Amounts receivable within one year | 40/41 | €95,942 | €117,165 | +€21,222 | +22.1% |
| Trade receivables | 40 | €86,942 | €92,722 | +€5,780 | +6.6% |
| Other amounts receivable | 41 | €9,000 | €24,442 | +€15,442 | +171.6% |
| Cash at bank and in hand | 54/58 | €10,830 | €45,441 | +€34,611 | +319.6% |
| Deferred charges and accrued income | 490/1 | €2,973 | €4,299 | +€1,327 | +44.6% |
| Total equity and liabilities | 10/49 | €193,025 | €245,670 | +€52,644 | +27.3% |
| Equity | 10/15 | €95,215 | €116,790 | +€21,576 | +22.7% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €16,802 | €39,211 | +€22,409 | +133.4% |
| Distributable reserves | 133 | €16,802 | €39,211 | +€22,409 | +133.4% |
| Profit (loss) carried forward | 14 | €72,012 | €71,179 | -€833 | -1.2% |
| Amounts payable | 17/49 | €97,811 | €128,879 | +€31,069 | +31.8% |
| Amounts payable after more than one year | 17 | €17,700 | €9,018 | -€8,682 | -49.0% |
| Financial debts | 170/4 | €17,700 | €9,018 | -€8,682 | -49.0% |
| Amounts payable within one year | 42/48 | €80,026 | €119,861 | +€39,836 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €9,039 | €9,449 | +€410 | +4.5% |
| Trade debts | 44 | €39,014 | €66,952 | +€27,938 | +71.6% |
| Suppliers | 440/4 | €39,014 | €66,952 | +€27,938 | +71.6% |
| Taxes, remuneration and social security | 45 | €27,945 | €34,478 | +€6,533 | +23.4% |
| Taxes | 450/3 | €23,945 | €30,478 | +€6,533 | +27.3% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,028 | €8,982 | +€4,954 | +123.0% |
| Accrued charges and deferred income | 492/3 | €85 | - | -€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,713 | €4,516 | -€197 | -4.2% |
| Other operating charges | 640/8 | €1,220 | €1,649 | +€429 | +35.2% |
| Non-recurring operating charges | 66A | €58 | - | -€58 | |
| Gross operating margin | 9900 | €34,714 | €39,407 | +€4,693 | +13.5% |
| Operating profit (loss) | 9901 | €28,724 | €33,242 | +€4,518 | +15.7% |
| Financial income | 75/76B | €0 | €305 | +€305 | +3045900.0% |
| Recurring financial income | 75 | €0 | €305 | +€305 | +3045900.0% |
| Financial charges | 65/66B | €5,906 | €2,328 | -€3,577 | -60.6% |
| Recurring financial charges | 65 | €3,127 | €2,328 | -€799 | -25.5% |
| Non-recurring financial charges | 66B | €2,779 | - | -€2,779 | |
| Profit (loss) for the period before taxes | 9903 | €22,818 | €31,218 | +€8,400 | +36.8% |
| Income taxes | 67/77 | €7,017 | €8,810 | +€1,793 | +25.6% |
| Profit (loss) for the period | 9904 | €15,801 | €22,409 | +€6,607 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,801 | €22,409 | +€6,607 | +41.8% |
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 12 October 2026 via checked.be.