GRS COMPANY: what changed
GRS COMPANY
Largest movements
- Stocks and contracts +€55,000
up €55,000 (+138%), from €39,761 to €94,761
- Cash +€9,224
up €9,224 (+3,858%), from €239 to €9,463
mainly Trade debts (+€22,568) and Net result for the year (+€20,884)
- Trade debts +€22,568
up €22,568 (+121%), from €18,624 to €41,192
- Profit (loss) carried forward +€21,759
up €21,759 (+192%), from €11,320 to €33,079
- Tax, wage and social debts +€19,896
up €19,896 (+184%), from €10,807 to €30,703
of which Remuneration and social security: +€14,993
- Gross operating margin +€24,203
up €24,203 (+56.7%), from €42,668 to €66,871
- Staff costs +€11,921
up €11,921 (+54.1%), from €22,023 to €33,944
- Taxes +€2,203
up €2,203 (+65.4%), from €3,367 to €5,570
- Financial charges +€1,980
up €1,980 (+144%), from €1,380 to €3,360
- Other operating charges -€1,465
down €1,465 (-32.0%), from €4,578 to €3,113
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,750 | €104,974 | +€64,224 | +158% |
| Fixed assets | 21/28 | €750 | €750 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €40,000 | €104,224 | +€64,224 | +161% |
| Stocks and contracts in progress | 3 | €39,761 | €94,761 | +€55,000 | +138% |
| Stocks | 30/36 | €39,761 | €94,761 | +€55,000 | +138% |
| Cash at bank and in hand | 54/58 | €239 | €9,463 | +€9,224 | +3,858% |
| Total equity and liabilities | 10/49 | €40,750 | €104,974 | +€64,224 | +158% |
| Equity | 10/15 | €11,320 | €33,079 | +€21,759 | +192% |
| Profit (loss) carried forward | 14 | €11,320 | €33,079 | +€21,759 | +192% |
| Amounts payable | 17/49 | €29,431 | €71,895 | +€42,464 | +144% |
| Amounts payable within one year | 42/48 | €29,431 | €71,895 | +€42,464 | +144% |
| Trade debts | 44 | €18,624 | €41,192 | +€22,568 | +121% |
| Suppliers | 440/4 | €18,624 | €41,192 | +€22,568 | +121% |
| Taxes, remuneration and social security | 45 | €10,807 | €30,703 | +€19,896 | +184% |
| Taxes | 450/3 | €5,295 | €10,198 | +€4,903 | +92.6% |
| Remuneration and social security | 454/9 | €5,512 | €20,505 | +€14,993 | +272% |
| Remuneration, social security and pensions | 62 | €22,023 | €33,944 | +€11,921 | +54.1% |
| Other operating charges | 640/8 | €4,578 | €3,113 | -€1,465 | -32.0% |
| Gross operating margin | 9900 | €42,668 | €66,871 | +€24,203 | +56.7% |
| Operating profit (loss) | 9901 | €16,067 | €29,814 | +€13,747 | +85.6% |
| Financial charges | 65/66B | €1,380 | €3,360 | +€1,980 | +144% |
| Recurring financial charges | 65 | €1,380 | €3,360 | +€1,980 | +144% |
| Profit (loss) for the period before taxes | 9903 | €14,687 | €26,454 | +€11,767 | +80.1% |
| Income taxes | 67/77 | €3,367 | €5,570 | +€2,203 | +65.4% |
| Profit (loss) for the period | 9904 | €11,320 | €20,884 | +€9,564 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,320 | €20,884 | +€9,564 | +84.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.