GRUSSENS: 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.
GRUSSENS
Largest movements
- Receivables within one year +€26,312
up €26,312 (+23.3%), from €112,973 to €139,285
of which Other amounts receivable: +€15,206
- Tangible fixed assets -€7,454
down €7,454 (-66.4%), from €11,220 to €3,766
of which Furniture and vehicles: -€6,849
- Cash +€7,102
up €7,102 (+118.6%), from €5,990 to €13,093
mainly Trade debts (+€41,797) and Depreciation (+€9,310)
- Trade debts +€41,797
up €41,797 (+77.5%), from €53,914 to €95,712
- Profit (loss) carried forward -€13,718
down €13,718 (-23.1%), from €59,403 to €45,685
- Current portion of long-term debt -€2,933
down €2,933 (-31.1%), from €9,421 to €6,489
- Gross operating margin -€13,574
down €13,574 (-9.6%), from €141,477 to €127,903
- Staff costs +€4,982
up €4,982 (+4.0%), from €126,077 to €131,059
- Financial income +€3,560
up €3,560 (+261.0%), from €1,364 to €4,924
- Depreciation -€2,139
down €2,139 (-18.7%), from €11,448 to €9,310
- Financial charges +€1,724
up €1,724 (+165.2%), from €1,044 to €2,768
of which Financial charges: +€934
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 | €132,833 | €158,802 | +€25,969 | +19.6% |
| Fixed assets | 21/28 | €11,220 | €3,766 | -€7,454 | -66.4% |
| Tangible fixed assets | 22/27 | €11,220 | €3,766 | -€7,454 | -66.4% |
| Plant, machinery and equipment | 23 | €151 | €1,346 | +€1,196 | +792.1% |
| Furniture and vehicles | 24 | €7,469 | €619 | -€6,849 | -91.7% |
| Other tangible fixed assets | 26 | €3,600 | €1,800 | -€1,800 | -50.0% |
| Current assets | 29/58 | €121,614 | €155,036 | +€33,423 | +27.5% |
| Amounts receivable within one year | 40/41 | €112,973 | €139,285 | +€26,312 | +23.3% |
| Trade receivables | 40 | €71,432 | €82,538 | +€11,107 | +15.5% |
| Other amounts receivable | 41 | €41,541 | €56,747 | +€15,206 | +36.6% |
| Cash at bank and in hand | 54/58 | €5,990 | €13,093 | +€7,102 | +118.6% |
| Deferred charges and accrued income | 490/1 | €2,650 | €2,659 | +€8 | +0.3% |
| Total equity and liabilities | 10/49 | €132,833 | €158,802 | +€25,969 | +19.6% |
| Equity | 10/15 | €67,463 | €53,745 | -€13,718 | -20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,403 | €45,685 | -€13,718 | -23.1% |
| Amounts payable | 17/49 | €65,370 | €105,058 | +€39,687 | +60.7% |
| Amounts payable after more than one year | 17 | €341 | - | -€341 | |
| Financial debts | 170/4 | €341 | - | -€341 | |
| Amounts payable within one year | 42/48 | €64,708 | €105,008 | +€40,300 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €9,421 | €6,489 | -€2,933 | -31.1% |
| Trade debts | 44 | €53,914 | €95,712 | +€41,797 | +77.5% |
| Suppliers | 440/4 | €53,914 | €95,712 | +€41,797 | +77.5% |
| Taxes, remuneration and social security | 45 | €692 | €2,127 | +€1,435 | +207.4% |
| Remuneration and social security | 454/9 | €692 | €2,127 | +€1,435 | +207.4% |
| Other amounts payable | 47/48 | €681 | €681 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €321 | €50 | -€272 | -84.5% |
| Remuneration, social security and pensions | 62 | €126,077 | €131,059 | +€4,982 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,448 | €9,310 | -€2,139 | -18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€340 | - | +€340 | |
| Other operating charges | 640/8 | €1,808 | €3,409 | +€1,601 | +88.6% |
| Gross operating margin | 9900 | €141,477 | €127,903 | -€13,574 | -9.6% |
| Operating profit (loss) | 9901 | €2,484 | -€15,874 | -€18,359 | |
| Financial income | 75/76B | €1,364 | €4,924 | +€3,560 | +261.0% |
| Recurring financial income | 75 | €1,364 | €4,924 | +€3,560 | +261.0% |
| Financial charges | 65/66B | €1,044 | €2,768 | +€1,724 | +165.2% |
| Recurring financial charges | 65 | €1,044 | €1,977 | +€934 | +89.5% |
| Non-recurring financial charges | 66B | - | €791 | +€791 | |
| Profit (loss) for the period before taxes | 9903 | €2,805 | -€13,718 | -€16,523 | |
| Income taxes | 67/77 | €1,636 | - | -€1,636 | |
| Profit (loss) for the period | 9904 | €1,169 | -€13,718 | -€14,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,169 | -€13,718 | -€14,887 |
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 8 October 2026 via checked.be.