GRS Technic: what changed
Two fiscal 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 Technic
Largest movements
- Receivables within one year +€54,668
up €54,668 (+114.4%), from €47,775 to €102,443
of which Other amounts receivable: +€49,057
- Cash +€10,419
up €10,419 (+2688.3%), from €388 to €10,806
mainly Net result for the year (+€33,459) and Tax, wage and social debts (+€17,293)
- Tangible fixed assets -€10,241
down €10,241 (-43.2%), from €23,702 to €13,461
of which Furniture and vehicles: -€10,063
- Profit (loss) carried forward +€42,059
up €42,059 (+559.1%), from €7,523 to €49,583
- Tax, wage and social debts +€17,293
up €17,293 (+415.5%), from €4,161 to €21,454
of which Taxes: +€14,571
- Debts after one year -€3,612
down €3,612 (-18.1%), from €19,903 to €16,291
- Short-term financial debts -€2,161
no longer reported in 2025 (was €2,161)
- Gross operating margin +€49,604
up €49,604 (+194.2%), from €25,539 to €75,143
- Taxes +€20,401
up €20,401 (+1457.2%), from €1,400 to €21,801
- Purchases and services -€9,333
down €9,333 (-5.3%), from €176,777 to €167,444
- Staff costs +€8,167
up €8,167 (+3171.0%), from €258 to €8,424
- Depreciation -€4,081
down €4,081 (-26.6%), from €15,371 to €11,290
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.
Cash bridge derived
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 | €74,113 | €127,910 | +€53,797 | +72.6% |
| Fixed assets | 21/28 | €25,951 | €14,661 | -€11,290 | -43.5% |
| Intangible fixed assets | 21 | €1,049 | €0 | -€1,049 | -100.0% |
| Tangible fixed assets | 22/27 | €23,702 | €13,461 | -€10,241 | -43.2% |
| Plant, machinery and equipment | 23 | €406 | €229 | -€178 | -43.7% |
| Furniture and vehicles | 24 | €23,295 | €13,232 | -€10,063 | -43.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €48,162 | €113,249 | +€65,087 | +135.1% |
| Amounts receivable within one year | 40/41 | €47,775 | €102,443 | +€54,668 | +114.4% |
| Trade receivables | 40 | €3,862 | €9,473 | +€5,611 | +145.3% |
| Other amounts receivable | 41 | €43,913 | €92,970 | +€49,057 | +111.7% |
| Cash at bank and in hand | 54/58 | €388 | €10,806 | +€10,419 | +2688.3% |
| Total equity and liabilities | 10/49 | €74,113 | €127,910 | +€53,797 | +72.6% |
| Equity | 10/15 | €27,037 | €69,096 | +€42,059 | +155.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,513 | €17,513 | = | 0.0% |
| Distributable reserves | 133 | €17,513 | €17,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,523 | €49,583 | +€42,059 | +559.1% |
| Amounts payable | 17/49 | €47,077 | €58,814 | +€11,737 | +24.9% |
| Amounts payable after more than one year | 17 | €19,903 | €16,291 | -€3,612 | -18.1% |
| Financial debts | 170/4 | €19,903 | €16,291 | -€3,612 | -18.1% |
| Amounts payable within one year | 42/48 | €27,174 | €42,523 | +€15,349 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €3,473 | €2,797 | -€676 | -19.5% |
| Financial debts | 43 | €2,161 | - | -€2,161 | |
| Credit institutions | 430/8 | €2,161 | - | -€2,161 | |
| Trade debts | 44 | €17,379 | €18,270 | +€892 | +5.1% |
| Suppliers | 440/4 | €17,379 | €18,270 | +€892 | +5.1% |
| Taxes, remuneration and social security | 45 | €4,161 | €21,454 | +€17,293 | +415.5% |
| Taxes | 450/3 | €3,593 | €18,164 | +€14,571 | +405.5% |
| Remuneration and social security | 454/9 | €568 | €3,290 | +€2,722 | +478.9% |
| Other amounts payable | 47/48 | - | €2 | +€2 | |
| Non-recurring operating income | 76A | €3,647 | - | -€3,647 | |
| Goods, raw materials, services and sundry goods | 60/61 | €176,777 | €167,444 | -€9,333 | -5.3% |
| Remuneration, social security and pensions | 62 | €258 | €8,424 | +€8,167 | +3171.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,371 | €11,290 | -€4,081 | -26.6% |
| Other operating charges | 640/8 | €819 | €998 | +€179 | +21.9% |
| Gross operating margin | 9900 | €25,539 | €75,143 | +€49,604 | +194.2% |
| Operating profit (loss) | 9901 | €9,091 | €54,430 | +€45,339 | +498.7% |
| Financial income | 75/76B | €3 | €2,649 | +€2,646 | +99099.6% |
| Recurring financial income | 75 | €3 | €2,649 | +€2,646 | +99099.6% |
| Financial charges | 65/66B | €2,211 | €1,818 | -€393 | -17.8% |
| Recurring financial charges | 65 | €2,211 | €1,818 | -€393 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €6,883 | €55,260 | +€48,377 | +702.9% |
| Income taxes | 67/77 | €1,400 | €21,801 | +€20,401 | +1457.2% |
| Profit (loss) for the period | 9904 | €5,483 | €33,459 | +€27,977 | +510.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,483 | €33,459 | +€27,977 | +510.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.