GRUBER LOGISTICS: 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.
GRUBER LOGISTICS
Largest movements
- Cash +€90,365
up €90,365 (+72.9%), from €123,882 to €214,248
mainly Short-term financial debts (+€300,000) and Advances received (+€60,000)
- Receivables within one year -€45,880
down €45,880 (-4.4%), from €1.0m to €993,246
of which Trade receivables: -€26,798
- Reserves -€318,763
down €318,763 (-21.1%), from €1.5m to €1.2m
of which Distributable reserves: -€318,763
- Short-term financial debts +€300,000
up €300,000 (+120%), from €250,000 to €550,000
- Advances received +€60,000
new in 2025: €60,000
- Current portion of long-term debt -€46,958
down €46,958 (-69.7%), from €67,420 to €20,462
- Tax, wage and social debts +€27,230
up €27,230 (+21.1%), from €128,991 to €156,221
of which Remuneration and social security: +€23,340
- Gross operating margin -€448,561
down €448,561 (-32.4%), from €1.4m to €937,437
- Taxes -€42,986
no longer reported in 2025 (was €42,986)
- Staff costs -€22,181
down €22,181 (-1.7%), from €1.3m to €1.3m
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 | €2,308,781 | €2,346,158 | +€37,378 | +1.6% |
| Fixed assets | 21/28 | €17,666 | €13,220 | -€4,446 | -25.2% |
| Tangible fixed assets | 22/27 | €13,788 | €9,342 | -€4,446 | -32.2% |
| Plant, machinery and equipment | 23 | €13,420 | €9,324 | -€4,095 | -30.5% |
| Furniture and vehicles | 24 | €369 | €18 | -€351 | -95.2% |
| Financial fixed assets | 28 | €3,878 | €3,878 | = | 0.0% |
| Current assets | 29/58 | €2,291,115 | €2,332,938 | +€41,824 | +1.8% |
| Amounts receivable after more than one year | 29 | €1,068,800 | €1,062,800 | -€6,000 | -0.6% |
| Other amounts receivable | 291 | €1,068,800 | €1,062,800 | -€6,000 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,039,126 | €993,246 | -€45,880 | -4.4% |
| Trade receivables | 40 | €812,810 | €786,012 | -€26,798 | -3.3% |
| Other amounts receivable | 41 | €226,316 | €207,234 | -€19,082 | -8.4% |
| Cash at bank and in hand | 54/58 | €123,882 | €214,248 | +€90,365 | +72.9% |
| Deferred charges and accrued income | 490/1 | €59,306 | €62,645 | +€3,338 | +5.6% |
| Total equity and liabilities | 10/49 | €2,308,781 | €2,346,158 | +€37,378 | +1.6% |
| Equity | 10/15 | €1,559,615 | €1,240,852 | -€318,763 | -20.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,509,615 | €1,190,852 | -€318,763 | -21.1% |
| Tax-exempt reserves | 132 | €742,044 | €742,044 | = | 0.0% |
| Distributable reserves | 133 | €767,571 | €448,808 | -€318,763 | -41.5% |
| Amounts payable | 17/49 | €749,166 | €1,105,307 | +€356,141 | +47.5% |
| Amounts payable within one year | 42/48 | €747,566 | €1,105,307 | +€357,741 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €67,420 | €20,462 | -€46,958 | -69.7% |
| Financial debts | 43 | €250,000 | €550,000 | +€300,000 | +120% |
| Credit institutions | 430/8 | €250,000 | €550,000 | +€300,000 | +120% |
| Trade debts | 44 | €301,155 | €318,624 | +€17,469 | +5.8% |
| Suppliers | 440/4 | €301,155 | €318,624 | +€17,469 | +5.8% |
| Advances received on contracts in progress | 46 | - | €60,000 | +€60,000 | |
| Taxes, remuneration and social security | 45 | €128,991 | €156,221 | +€27,230 | +21.1% |
| Taxes | 450/3 | €4,381 | €8,271 | +€3,890 | +88.8% |
| Remuneration and social security | 454/9 | €124,609 | €147,949 | +€23,340 | +18.7% |
| Accrued charges and deferred income | 492/3 | €1,600 | - | -€1,600 | |
| Remuneration, social security and pensions | 62 | €1,281,593 | €1,259,412 | -€22,181 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,177 | €4,446 | +€269 | +6.4% |
| Other operating charges | 640/8 | €12,818 | €15,165 | +€2,347 | +18.3% |
| Gross operating margin | 9900 | €1,385,998 | €937,437 | -€448,561 | -32.4% |
| Operating profit (loss) | 9901 | €87,410 | -€341,586 | -€428,997 | |
| Financial income | 75/76B | €50,577 | €43,383 | -€7,194 | -14.2% |
| Recurring financial income | 75 | €50,577 | €43,383 | -€7,194 | -14.2% |
| Financial charges | 65/66B | €7,344 | €20,559 | +€13,215 | +180% |
| Recurring financial charges | 65 | €7,344 | €20,559 | +€13,215 | +180% |
| Profit (loss) for the period before taxes | 9903 | €130,644 | -€318,763 | -€449,407 | |
| Income taxes | 67/77 | €42,986 | - | -€42,986 | |
| Profit (loss) for the period | 9904 | €87,657 | -€318,763 | -€406,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,657 | -€318,763 | -€406,420 |
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 24 October 2026 via checked.be.