GROSSI RAFAEL: 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.
GROSSI RAFAEL
Largest movements
- Receivables within one year +€23,104
up €23,104 (+105%), from €22,107 to €45,212
of which Trade receivables: +€23,409
- Cash +€15,707
up €15,707 (+69.2%), from €22,692 to €38,399
mainly Net result for the year (+€35,690) and Tax, wage and social debts (+€14,189)
- Tangible fixed assets +€3,083
up €3,083 (+6.9%), from €44,501 to €47,584
of which Furniture and vehicles: +€6,522
- Profit (loss) carried forward +€35,690
up €35,690 (+102%), from €35,114 to €70,803
- Tax, wage and social debts +€14,189
up €14,189 (+105%), from €13,464 to €27,653
of which Taxes: +€13,842
- Debts after one year -€4,686
down €4,686 (-34.8%), from €13,453 to €8,767
- Trade debts -€3,096
down €3,096 (-15.1%), from €20,474 to €17,378
- Gross operating margin +€25,888
up €25,888 (+30.9%), from €83,888 to €109,776
- Staff costs +€18,090
up €18,090 (+55.0%), from €32,861 to €50,951
- Depreciation +€5,636
up €5,636 (+209%), from €2,694 to €8,330
- Taxes +€2,323
up €2,323 (+20.2%), from €11,526 to €13,849
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,469 | €131,788 | +€42,319 | +47.3% |
| Fixed assets | 21/28 | €44,501 | €48,178 | +€3,676 | +8.3% |
| Tangible fixed assets | 22/27 | €44,501 | €47,584 | +€3,083 | +6.9% |
| Land and buildings | 22 | €21,263 | €19,063 | -€2,200 | -10.3% |
| Plant, machinery and equipment | 23 | €5,774 | €4,536 | -€1,238 | -21.4% |
| Furniture and vehicles | 24 | €17,464 | €23,986 | +€6,522 | +37.3% |
| Financial fixed assets | 28 | - | €594 | +€594 | |
| Current assets | 29/58 | €44,968 | €83,610 | +€38,643 | +85.9% |
| Amounts receivable within one year | 40/41 | €22,107 | €45,212 | +€23,104 | +105% |
| Trade receivables | 40 | €6,716 | €30,125 | +€23,409 | +349% |
| Other amounts receivable | 41 | €15,392 | €15,087 | -€305 | -2.0% |
| Cash at bank and in hand | 54/58 | €22,692 | €38,399 | +€15,707 | +69.2% |
| Deferred charges and accrued income | 490/1 | €169 | - | -€169 | |
| Total equity and liabilities | 10/49 | €89,469 | €131,788 | +€42,319 | +47.3% |
| Equity | 10/15 | €37,614 | €73,303 | +€35,690 | +94.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,114 | €70,803 | +€35,690 | +102% |
| Amounts payable | 17/49 | €51,855 | €58,485 | +€6,629 | +12.8% |
| Amounts payable after more than one year | 17 | €13,453 | €8,767 | -€4,686 | -34.8% |
| Financial debts | 170/4 | €13,453 | €8,767 | -€4,686 | -34.8% |
| Amounts payable within one year | 42/48 | €38,402 | €49,717 | +€11,315 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €4,464 | €4,686 | +€222 | +5.0% |
| Trade debts | 44 | €20,474 | €17,378 | -€3,096 | -15.1% |
| Suppliers | 440/4 | €20,474 | €17,378 | -€3,096 | -15.1% |
| Taxes, remuneration and social security | 45 | €13,464 | €27,653 | +€14,189 | +105% |
| Taxes | 450/3 | €11,935 | €25,777 | +€13,842 | +116% |
| Remuneration and social security | 454/9 | €1,529 | €1,876 | +€347 | +22.7% |
| Remuneration, social security and pensions | 62 | €32,861 | €50,951 | +€18,090 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,694 | €8,330 | +€5,636 | +209% |
| Other operating charges | 640/8 | €113 | €669 | +€557 | +494% |
| Gross operating margin | 9900 | €83,888 | €109,776 | +€25,888 | +30.9% |
| Operating profit (loss) | 9901 | €48,220 | €49,826 | +€1,606 | +3.3% |
| Financial income | 75/76B | €381 | €825 | +€444 | +116% |
| Recurring financial income | 75 | €381 | €825 | +€444 | +116% |
| Financial charges | 65/66B | €1,962 | €1,112 | -€849 | -43.3% |
| Recurring financial charges | 65 | €1,962 | €1,112 | -€849 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €46,640 | €49,538 | +€2,899 | +6.2% |
| Income taxes | 67/77 | €11,526 | €13,849 | +€2,323 | +20.2% |
| Profit (loss) for the period | 9904 | €35,114 | €35,690 | +€576 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,114 | €35,690 | +€576 | +1.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.