GRS AUTO: 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.
GRS AUTO
Largest movements
- Stocks and contracts -€75,468
down €75,468 (-24.7%), from €305,289 to €229,821
- Cash +€26,773
up €26,773 (+70.0%), from €38,242 to €65,015
mainly Stocks and contracts (+€75,468) and Net result for the year (+€17,255)
- Tangible fixed assets -€4,180
down €4,180 (-60.0%), from €6,970 to €2,790
of which Furniture and vehicles: -€3,863
- Trade debts -€37,590
down €37,590 (-97.1%), from €38,706 to €1,116
- Debts after one year -€20,254
down €20,254 (-40.0%), from €50,626 to €30,372
- Reserves +€17,250
new in 2025: €17,250
- Advances received -€13,890
no longer reported in 2025 (was €13,890)
- Gross operating margin -€7,603
down €7,603 (-14.4%), from €52,675 to €45,072
- Depreciation -€1,468
down €1,468 (-23.4%), from €6,263 to €4,795
- Financial charges -€751
down €751 (-8.2%), from €9,173 to €8,422
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 | €370,118 | €313,809 | -€56,309 | -15.2% |
| Fixed assets | 21/28 | €6,970 | €2,790 | -€4,180 | -60.0% |
| Tangible fixed assets | 22/27 | €6,970 | €2,790 | -€4,180 | -60.0% |
| Plant, machinery and equipment | 23 | €639 | €372 | -€267 | -41.8% |
| Furniture and vehicles | 24 | €5,993 | €2,130 | -€3,863 | -64.5% |
| Other tangible fixed assets | 26 | €338 | €288 | -€50 | -14.8% |
| Current assets | 29/58 | €363,148 | €311,019 | -€52,129 | -14.4% |
| Stocks and contracts in progress | 3 | €305,289 | €229,821 | -€75,468 | -24.7% |
| Stocks | 30/36 | €305,289 | €229,821 | -€75,468 | -24.7% |
| Amounts receivable within one year | 40/41 | €15,338 | €11,802 | -€3,536 | -23.1% |
| Trade receivables | 40 | €648 | €7,500 | +€6,852 | +1,057% |
| Other amounts receivable | 41 | €14,690 | €4,302 | -€10,388 | -70.7% |
| Cash at bank and in hand | 54/58 | €38,242 | €65,015 | +€26,773 | +70.0% |
| Deferred charges and accrued income | 490/1 | €4,279 | €4,381 | +€102 | +2.4% |
| Total equity and liabilities | 10/49 | €370,118 | €313,809 | -€56,309 | -15.2% |
| Equity | 10/15 | €138,368 | €155,623 | +€17,255 | +12.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €17,250 | +€17,250 | |
| Distributable reserves | 133 | - | €17,250 | +€17,250 | |
| Profit (loss) carried forward | 14 | €135,368 | €135,373 | +€5 | 0.0% |
| Amounts payable | 17/49 | €231,750 | €158,186 | -€73,564 | -31.7% |
| Amounts payable after more than one year | 17 | €50,626 | €30,372 | -€20,254 | -40.0% |
| Financial debts | 170/4 | €50,626 | €30,372 | -€20,254 | -40.0% |
| Amounts payable within one year | 42/48 | €181,124 | €127,814 | -€53,310 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €22,875 | €20,254 | -€2,621 | -11.5% |
| Financial debts | 43 | €105,653 | €105,857 | +€204 | +0.2% |
| Credit institutions | 430/8 | €5,653 | €5,857 | +€204 | +3.6% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €38,706 | €1,116 | -€37,590 | -97.1% |
| Suppliers | 440/4 | €38,706 | €1,116 | -€37,590 | -97.1% |
| Advances received on contracts in progress | 46 | €13,890 | - | -€13,890 | |
| Taxes, remuneration and social security | 45 | - | €587 | +€587 | |
| Taxes | 450/3 | - | €587 | +€587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,263 | €4,795 | -€1,468 | -23.4% |
| Other operating charges | 640/8 | €6,480 | €6,317 | -€163 | -2.5% |
| Gross operating margin | 9900 | €52,675 | €45,072 | -€7,603 | -14.4% |
| Operating profit (loss) | 9901 | €39,932 | €33,960 | -€5,972 | -15.0% |
| Financial income | 75/76B | €72 | €2 | -€70 | -97.2% |
| Recurring financial income | 75 | €72 | €2 | -€70 | -97.2% |
| Financial charges | 65/66B | €9,173 | €8,422 | -€751 | -8.2% |
| Recurring financial charges | 65 | €9,173 | €8,422 | -€751 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €30,831 | €25,540 | -€5,291 | -17.2% |
| Income taxes | 67/77 | €7,913 | €8,285 | +€372 | +4.7% |
| Profit (loss) for the period | 9904 | €22,918 | €17,255 | -€5,663 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,918 | €17,255 | -€5,663 | -24.7% |
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 16 October 2026 via checked.be.