GROS MAT: 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.
GROS MAT
Largest movements
- Stocks and contracts -€127,740
down €127,740 (-54.8%), from €232,895 to €105,155
- Cash +€120,190
up €120,190 (+26.3%), from €457,859 to €578,049
mainly Stocks and contracts (+€127,740) and Net result for the year (+€23,925)
- Financial fixed assets +€13,800
up €13,800 (+17,250%), from €80 to €13,880
- Advances received -€27,623
no longer reported in 2025 (was €27,623)
- Profit (loss) carried forward +€23,925
up €23,925 (+20.5%), from €116,491 to €140,416
- Trade debts +€17,626
up €17,626 (+5.2%), from €336,552 to €354,178
- Depreciation -€5,239
no longer reported in 2025 (was €5,239)
- Other operating charges -€3,912
down €3,912 (-84.1%), from €4,649 to €737
- Taxes -€2,962
down €2,962 (-32.0%), from €9,249 to €6,287
- Gross operating margin -€1,994
down €1,994 (-1.2%), from €169,584 to €167,590
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 | €690,834 | €698,677 | +€7,843 | +1.1% |
| Fixed assets | 21/28 | €80 | €13,880 | +€13,800 | +17,250% |
| Financial fixed assets | 28 | €80 | €13,880 | +€13,800 | +17,250% |
| Current assets | 29/58 | €690,754 | €684,797 | -€5,957 | -0.9% |
| Stocks and contracts in progress | 3 | €232,895 | €105,155 | -€127,740 | -54.8% |
| Stocks | 30/36 | €232,895 | €105,155 | -€127,740 | -54.8% |
| Cash at bank and in hand | 54/58 | €457,859 | €578,049 | +€120,190 | +26.3% |
| Deferred charges and accrued income | 490/1 | - | €1,593 | +€1,593 | |
| Total equity and liabilities | 10/49 | €690,834 | €698,677 | +€7,843 | +1.1% |
| Equity | 10/15 | €136,951 | €160,876 | +€23,925 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,491 | €140,416 | +€23,925 | +20.5% |
| Amounts payable | 17/49 | €553,883 | €537,801 | -€16,082 | -2.9% |
| Amounts payable within one year | 42/48 | €553,883 | €537,801 | -€16,082 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €2,051 | €2,039 | -€12 | -0.6% |
| Financial debts | 43 | €15,500 | €15,500 | = | 0.0% |
| Credit institutions | 430/8 | €15,500 | €15,500 | = | 0.0% |
| Trade debts | 44 | €336,552 | €354,178 | +€17,626 | +5.2% |
| Suppliers | 440/4 | €336,552 | €354,178 | +€17,626 | +5.2% |
| Advances received on contracts in progress | 46 | €27,623 | - | -€27,623 | |
| Taxes, remuneration and social security | 45 | €94,297 | €92,715 | -€1,582 | -1.7% |
| Taxes | 450/3 | €66,977 | €66,888 | -€89 | -0.1% |
| Remuneration and social security | 454/9 | €27,320 | €25,827 | -€1,493 | -5.5% |
| Other amounts payable | 47/48 | €77,860 | €73,369 | -€4,491 | -5.8% |
| Remuneration, social security and pensions | 62 | €136,500 | €136,190 | -€310 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,239 | - | -€5,239 | |
| Other operating charges | 640/8 | €4,649 | €737 | -€3,912 | -84.1% |
| Gross operating margin | 9900 | €169,584 | €167,590 | -€1,994 | -1.2% |
| Operating profit (loss) | 9901 | €23,196 | €30,663 | +€7,467 | +32.2% |
| Financial income | 75/76B | €9 | €3 | -€6 | -66.7% |
| Recurring financial income | 75 | €9 | €3 | -€6 | -66.7% |
| Financial charges | 65/66B | €442 | €454 | +€12 | +2.7% |
| Recurring financial charges | 65 | €442 | €454 | +€12 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €22,763 | €30,212 | +€7,449 | +32.7% |
| Income taxes | 67/77 | €9,249 | €6,287 | -€2,962 | -32.0% |
| Profit (loss) for the period | 9904 | €13,514 | €23,925 | +€10,411 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,514 | €23,925 | +€10,411 | +77.0% |
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 13 October 2026 via checked.be.