GRUSLIN - PATRICK: 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.
GRUSLIN - PATRICK
Largest movements
- Receivables within one year -€30,237
down €30,237 (-38.5%), from €78,561 to €48,324
of which Other amounts receivable: -€36,868
- Cash +€4,108
up €4,108 (+7.5%), from €54,517 to €58,624
mainly Receivables within one year (+€30,237) and Depreciation (+€765)
- Profit (loss) carried forward -€9,609
down €9,609 (-10.4%), from €91,967 to €82,358
- Tax, wage and social debts -€9,057
down €9,057 (-63.6%), from €14,231 to €5,173
of which Taxes: -€6,586
- Trade debts -€7,804
no longer reported in 2025 (was €7,804)
- Gross operating margin +€24,222
up €24,222 (+46.5%), from €52,124 to €76,346
- Purchases and services -€11,473
down €11,473 (-4.6%), from €249,632 to €238,159
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 | €137,689 | €111,288 | -€26,401 | -19.2% |
| Fixed assets | 21/28 | €3,111 | €2,346 | -€765 | -24.6% |
| Tangible fixed assets | 22/27 | €2,711 | €1,946 | -€765 | -28.2% |
| Plant, machinery and equipment | 23 | €2,248 | €1,664 | -€584 | -26.0% |
| Furniture and vehicles | 24 | €464 | €282 | -€181 | -39.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €134,578 | €108,942 | -€25,636 | -19.0% |
| Stocks and contracts in progress | 3 | €1,500 | €1,994 | +€494 | +32.9% |
| Stocks | 30/36 | €1,500 | €1,994 | +€494 | +32.9% |
| Amounts receivable within one year | 40/41 | €78,561 | €48,324 | -€30,237 | -38.5% |
| Trade receivables | 40 | €1,935 | €8,566 | +€6,631 | +342.7% |
| Other amounts receivable | 41 | €76,626 | €39,758 | -€36,868 | -48.1% |
| Cash at bank and in hand | 54/58 | €54,517 | €58,624 | +€4,108 | +7.5% |
| Total equity and liabilities | 10/49 | €137,689 | €111,288 | -€26,401 | -19.2% |
| Equity | 10/15 | €112,209 | €102,600 | -€9,609 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,642 | €1,642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,642 | €1,642 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,642 | €1,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,967 | €82,358 | -€9,609 | -10.4% |
| Amounts payable | 17/49 | €25,480 | €8,689 | -€16,791 | -65.9% |
| Amounts payable within one year | 42/48 | €25,480 | €8,689 | -€16,791 | -65.9% |
| Current portion of amounts payable after more than one year | 42 | €3,446 | €3,515 | +€70 | +2.0% |
| Trade debts | 44 | €7,804 | - | -€7,804 | |
| Suppliers | 440/4 | €7,804 | - | -€7,804 | |
| Taxes, remuneration and social security | 45 | €14,231 | €5,173 | -€9,057 | -63.6% |
| Taxes | 450/3 | €8,435 | €1,850 | -€6,586 | -78.1% |
| Remuneration and social security | 454/9 | €5,796 | €3,324 | -€2,472 | -42.6% |
| Turnover | 70 | €301,209 | €301,233 | +€24 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €249,632 | €238,159 | -€11,473 | -4.6% |
| Remuneration, social security and pensions | 62 | €38,496 | €40,957 | +€2,461 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €765 | -€92 | -10.7% |
| Other operating charges | 640/8 | €2,858 | €3,081 | +€223 | +7.8% |
| Non-recurring operating charges | 66A | €0 | €36,957 | +€36,957 | +369571900.0% |
| Gross operating margin | 9900 | €52,124 | €76,346 | +€24,222 | +46.5% |
| Operating profit (loss) | 9901 | €9,913 | -€5,414 | -€15,327 | |
| Financial charges | 65/66B | €968 | €1,347 | +€379 | +39.2% |
| Recurring financial charges | 65 | €968 | €1,347 | +€379 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €8,945 | -€6,761 | -€15,706 | |
| Income taxes | 67/77 | €4,641 | €2,848 | -€1,793 | -38.6% |
| Profit (loss) for the period | 9904 | €4,304 | -€9,609 | -€13,914 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,304 | -€9,609 | -€13,914 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.