Gruloos Solutions: 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.
Gruloos Solutions
Largest movements
- Receivables within one year +€46,772
up €46,772 (+95.7%), from €48,878 to €95,651
of which Trade receivables: +€50,790
- Cash -€21,044
down €21,044 (-81.5%), from €25,819 to €4,775
mainly Receivables within one year (-€46,772) and Other debts (-€40,642)
- Tangible fixed assets -€4,923
down €4,923 (-24.5%), from €20,052 to €15,130
of which Furniture and vehicles: -€5,128
- Deferred charges and accrued income +€2,848
up €2,848 (+21.8%), from €13,057 to €15,905
- Other debts -€40,642
down €40,642 (-52.4%), from €77,522 to €36,881
- Debts after one year +€35,000
new in 2025: €35,000
- Profit (loss) carried forward +€25,396
new in 2025: €25,396
- Tax, wage and social debts +€4,055
up €4,055 (+20.4%), from €19,904 to €23,959
of which Taxes: +€3,735
- Trade debts -€1,705
down €1,705 (-32.3%), from €5,286 to €3,581
- Gross operating margin +€18,446
up €18,446 (+29.3%), from €62,958 to €81,404
- Taxes +€3,126
up €3,126 (+24.2%), from €12,916 to €16,042
- Depreciation +€1,960
up €1,960 (+32.0%), from €6,125 to €8,085
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 | €107,807 | €131,460 | +€23,653 | +21.9% |
| Fixed assets | 21/28 | €20,052 | €15,130 | -€4,923 | -24.5% |
| Tangible fixed assets | 22/27 | €20,052 | €15,130 | -€4,923 | -24.5% |
| Plant, machinery and equipment | 23 | €2,135 | €3,061 | +€926 | +43.3% |
| Furniture and vehicles | 24 | €12,178 | €7,050 | -€5,128 | -42.1% |
| Other tangible fixed assets | 26 | €5,739 | €5,018 | -€721 | -12.6% |
| Current assets | 29/58 | €87,755 | €116,330 | +€28,575 | +32.6% |
| Amounts receivable within one year | 40/41 | €48,878 | €95,651 | +€46,772 | +95.7% |
| Trade receivables | 40 | €44,861 | €95,651 | +€50,790 | +113% |
| Other amounts receivable | 41 | €4,018 | - | -€4,018 | |
| Cash at bank and in hand | 54/58 | €25,819 | €4,775 | -€21,044 | -81.5% |
| Deferred charges and accrued income | 490/1 | €13,057 | €15,905 | +€2,848 | +21.8% |
| Total equity and liabilities | 10/49 | €107,807 | €131,460 | +€23,653 | +21.9% |
| Equity | 10/15 | €3,000 | €28,396 | +€25,396 | +847% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €25,396 | +€25,396 | |
| Amounts payable | 17/49 | €104,807 | €103,064 | -€1,743 | -1.7% |
| Amounts payable after more than one year | 17 | - | €35,000 | +€35,000 | |
| Financial debts | 170/4 | - | €35,000 | +€35,000 | |
| Amounts payable within one year | 42/48 | €102,713 | €64,421 | -€38,292 | -37.3% |
| Trade debts | 44 | €5,286 | €3,581 | -€1,705 | -32.3% |
| Suppliers | 440/4 | €5,286 | €3,581 | -€1,705 | -32.3% |
| Taxes, remuneration and social security | 45 | €19,904 | €23,959 | +€4,055 | +20.4% |
| Taxes | 450/3 | €19,904 | €23,639 | +€3,735 | +18.8% |
| Remuneration and social security | 454/9 | - | €320 | +€320 | |
| Other amounts payable | 47/48 | €77,522 | €36,881 | -€40,642 | -52.4% |
| Accrued charges and deferred income | 492/3 | €2,094 | €3,643 | +€1,548 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,125 | €8,085 | +€1,960 | +32.0% |
| Other operating charges | 640/8 | €1,688 | €1,657 | -€31 | -1.8% |
| Gross operating margin | 9900 | €62,958 | €81,404 | +€18,446 | +29.3% |
| Operating profit (loss) | 9901 | €55,146 | €71,662 | +€16,517 | +30.0% |
| Financial income | 75/76B | €15 | €1 | -€14 | -95.5% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -95.5% |
| Financial charges | 65/66B | €432 | €225 | -€207 | -48.0% |
| Recurring financial charges | 65 | €432 | €225 | -€207 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €54,728 | €71,438 | +€16,710 | +30.5% |
| Income taxes | 67/77 | €12,916 | €16,042 | +€3,126 | +24.2% |
| Profit (loss) for the period | 9904 | €41,812 | €55,396 | +€13,584 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,812 | €55,396 | +€13,584 | +32.5% |
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 28 October 2026 via checked.be.