GRS Infra: 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 Infra
Largest movements
- Cash +€21,745
up €21,745 (+544%), from €4,000 to €25,745
mainly Other debts (+€33,912) and Accrued charges and deferred income (+€3,492)
- Receivables within one year +€11,988
new in 2025: €11,988
of which Other amounts receivable: +€6,903
- Tangible fixed assets +€4,550
new in 2025: €4,550
of which Furniture and vehicles: +€3,488
- Deferred charges and accrued income +€756
new in 2025: €756
- Other debts +€33,912
new in 2025: €33,912
- Accrued charges and deferred income +€3,492
new in 2025: €3,492
- Trade debts +€1,750
up €1,750 (+49.3%), from €3,550 to €5,300
- Tax, wage and social debts +€523
new in 2025: €523
- Gross operating margin +€35,464
up €35,464, from -€3,177 to €32,287
- Staff costs +€27,188
new in 2025: €27,188
- Financial charges +€2,592
new in 2025: €2,592
of which Financial charges: +€2,592
- Other operating charges +€948
up €948 (+254%), from €373 to €1,321
- Depreciation +€897
new in 2025: €897
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 | €4,000 | €43,444 | +€39,444 | +986% |
| Fixed assets | 21/28 | - | €4,955 | +€4,955 | |
| Tangible fixed assets | 22/27 | - | €4,550 | +€4,550 | |
| Plant, machinery and equipment | 23 | - | €1,062 | +€1,062 | |
| Furniture and vehicles | 24 | - | €3,488 | +€3,488 | |
| Financial fixed assets | 28 | - | €405 | +€405 | |
| Current assets | 29/58 | €4,000 | €38,489 | +€34,489 | +862% |
| Amounts receivable within one year | 40/41 | - | €11,988 | +€11,988 | |
| Trade receivables | 40 | - | €5,085 | +€5,085 | |
| Other amounts receivable | 41 | - | €6,903 | +€6,903 | |
| Cash at bank and in hand | 54/58 | €4,000 | €25,745 | +€21,745 | +544% |
| Deferred charges and accrued income | 490/1 | - | €756 | +€756 | |
| Total equity and liabilities | 10/49 | €4,000 | €43,444 | +€39,444 | +986% |
| Equity | 10/15 | €450 | €217 | -€233 | -51.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,550 | -€3,783 | -€233 | -6.6% |
| Amounts payable | 17/49 | €3,550 | €43,227 | +€39,677 | +1,118% |
| Amounts payable within one year | 42/48 | €3,550 | €39,735 | +€36,185 | +1,019% |
| Trade debts | 44 | €3,550 | €5,300 | +€1,750 | +49.3% |
| Suppliers | 440/4 | €3,550 | €5,300 | +€1,750 | +49.3% |
| Taxes, remuneration and social security | 45 | - | €523 | +€523 | |
| Taxes | 450/3 | - | €523 | +€523 | |
| Other amounts payable | 47/48 | - | €33,912 | +€33,912 | |
| Accrued charges and deferred income | 492/3 | - | €3,492 | +€3,492 | |
| Remuneration, social security and pensions | 62 | - | €27,188 | +€27,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €897 | +€897 | |
| Other operating charges | 640/8 | €373 | €1,321 | +€948 | +254% |
| Gross operating margin | 9900 | -€3,177 | €32,287 | +€35,464 | |
| Operating profit (loss) | 9901 | -€3,550 | €2,881 | +€6,431 | |
| Financial charges | 65/66B | - | €2,592 | +€2,592 | |
| Recurring financial charges | 65 | - | €2,592 | +€2,592 | |
| Non-recurring financial charges | 66B | - | €2,592 | +€2,592 | |
| Profit (loss) for the period before taxes | 9903 | -€3,550 | €289 | +€3,839 | |
| Income taxes | 67/77 | - | €522 | +€522 | |
| Profit (loss) for the period | 9904 | -€3,550 | -€233 | +€3,317 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,550 | -€233 | +€3,317 | +93.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.