GRT Mala: 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.
GRT Mala
Largest movements
- Tangible fixed assets -€24,404
down €24,404 (-24.5%), from €99,522 to €75,118
of which Furniture and vehicles: -€21,871
- Cash -€2,196
down €2,196 (-27.3%), from €8,058 to €5,861
mainly Debts after one year (-€19,285) and Other debts (-€11,152)
- Debts after one year -€19,285
down €19,285 (-28.5%), from €67,648 to €48,363
- Other debts -€11,152
down €11,152 (-43.1%), from €25,884 to €14,732
- Profit (loss) carried forward +€2,630
up €2,630 (+31.2%), from -€8,419 to -€5,789
- Staff costs -€29,003
down €29,003 (-35.1%), from €82,652 to €53,649
- Gross operating margin -€12,860
down €12,860 (-12.9%), from €99,693 to €86,833
- Depreciation +€2,642
up €2,642 (+12.1%), from €21,762 to €24,404
- Taxes +€1,253
new in 2025: €1,253
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 | €119,378 | €93,053 | -€26,326 | -22.1% |
| Fixed assets | 21/28 | €103,022 | €78,618 | -€24,404 | -23.7% |
| Intangible fixed assets | 21 | €3,500 | €3,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €99,522 | €75,118 | -€24,404 | -24.5% |
| Land and buildings | 22 | €6,500 | €4,500 | -€2,000 | -30.8% |
| Plant, machinery and equipment | 23 | €1,082 | €549 | -€533 | -49.3% |
| Furniture and vehicles | 24 | €91,940 | €70,070 | -€21,871 | -23.8% |
| Current assets | 29/58 | €16,356 | €14,434 | -€1,922 | -11.8% |
| Stocks and contracts in progress | 3 | €5,918 | €6,491 | +€572 | +9.7% |
| Stocks | 30/36 | €5,918 | €6,491 | +€572 | +9.7% |
| Amounts receivable within one year | 40/41 | €460 | €206 | -€254 | -55.3% |
| Trade receivables | 40 | €376 | €206 | -€170 | -45.3% |
| Other amounts receivable | 41 | €84 | - | -€84 | |
| Cash at bank and in hand | 54/58 | €8,058 | €5,861 | -€2,196 | -27.3% |
| Deferred charges and accrued income | 490/1 | €1,921 | €1,877 | -€44 | -2.3% |
| Total equity and liabilities | 10/49 | €119,378 | €93,053 | -€26,326 | -22.1% |
| Equity | 10/15 | -€3,419 | -€789 | +€2,630 | +76.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,419 | -€5,789 | +€2,630 | +31.2% |
| Amounts payable | 17/49 | €122,797 | €93,841 | -€28,956 | -23.6% |
| Amounts payable after more than one year | 17 | €67,648 | €48,363 | -€19,285 | -28.5% |
| Financial debts | 170/4 | €67,648 | €48,363 | -€19,285 | -28.5% |
| Amounts payable within one year | 42/48 | €55,150 | €44,799 | -€10,351 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €18,472 | €19,285 | +€813 | +4.4% |
| Trade debts | 44 | €4,655 | €4,237 | -€418 | -9.0% |
| Suppliers | 440/4 | €4,655 | €4,237 | -€418 | -9.0% |
| Taxes, remuneration and social security | 45 | €6,139 | €6,545 | +€406 | +6.6% |
| Taxes | 450/3 | €1,676 | €3,022 | +€1,346 | +80.3% |
| Remuneration and social security | 454/9 | €4,463 | €3,523 | -€940 | -21.1% |
| Other amounts payable | 47/48 | €25,884 | €14,732 | -€11,152 | -43.1% |
| Accrued charges and deferred income | 492/3 | - | €680 | +€680 | |
| Remuneration, social security and pensions | 62 | €82,652 | €53,649 | -€29,003 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,762 | €24,404 | +€2,642 | +12.1% |
| Other operating charges | 640/8 | €1,048 | €1,469 | +€421 | +40.1% |
| Gross operating margin | 9900 | €99,693 | €86,833 | -€12,860 | -12.9% |
| Operating profit (loss) | 9901 | -€5,769 | €7,312 | +€13,080 | |
| Financial income | 75/76B | €314 | €101 | -€213 | -67.7% |
| Recurring financial income | 75 | €314 | €101 | -€213 | -67.7% |
| Financial charges | 65/66B | €2,964 | €3,529 | +€565 | +19.1% |
| Recurring financial charges | 65 | €2,964 | €3,529 | +€565 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,419 | €3,884 | +€12,302 | |
| Income taxes | 67/77 | - | €1,253 | +€1,253 | |
| Profit (loss) for the period | 9904 | -€8,419 | €2,630 | +€11,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,419 | €2,630 | +€11,049 |
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 11 October 2026 via checked.be.