GRUWEZ CONSULTANCY: 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.
GRUWEZ CONSULTANCY
Largest movements
- Receivables within one year -€67,159
down €67,159 (-52.5%), from €127,808 to €60,649
of which Other amounts receivable: -€33,594
- Current investments +€7,068
up €7,068 (+2.3%), from €313,789 to €320,856
- Cash +€4,532
up €4,532 (+63.9%), from €7,091 to €11,623
mainly Other debts (+€194,410) and Receivables within one year (+€67,159)
- Reserves -€239,195
down €239,195 (-59.5%), from €401,890 to €162,694
- Other debts +€194,410
up €194,410, from €0 to €194,410
- Trade debts -€22,110
down €22,110 (-94.7%), from €23,355 to €1,245
- Tax, wage and social debts +€9,859
up €9,859 (+136%), from €7,248 to €17,107
of which Taxes: +€12,398
- Gross operating margin -€17,776
down €17,776 (-48.4%), from €36,708 to €18,932
- Financial income -€16,388
down €16,388 (-69.8%), from €23,472 to €7,085
- Staff costs -€11,023
down €11,023 (-44.6%), from €24,717 to €13,694
- Taxes -€7,317
down €7,317 (-61.8%), from €11,833 to €4,516
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 | €451,092 | €394,056 | -€57,036 | -12.6% |
| Fixed assets | 21/28 | €2,164 | €826 | -€1,338 | -61.8% |
| Tangible fixed assets | 22/27 | €2,164 | €826 | -€1,338 | -61.8% |
| Furniture and vehicles | 24 | €2,164 | €826 | -€1,338 | -61.8% |
| Current assets | 29/58 | €448,928 | €393,231 | -€55,698 | -12.4% |
| Amounts receivable within one year | 40/41 | €127,808 | €60,649 | -€67,159 | -52.5% |
| Trade receivables | 40 | €75,675 | €42,110 | -€33,565 | -44.4% |
| Other amounts receivable | 41 | €52,133 | €18,538 | -€33,594 | -64.4% |
| Current investments | 50/53 | €313,789 | €320,856 | +€7,068 | +2.3% |
| Cash at bank and in hand | 54/58 | €7,091 | €11,623 | +€4,532 | +63.9% |
| Deferred charges and accrued income | 490/1 | €242 | €103 | -€139 | -57.5% |
| Total equity and liabilities | 10/49 | €451,092 | €394,056 | -€57,036 | -12.6% |
| Equity | 10/15 | €420,490 | €181,294 | -€239,195 | -56.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €401,890 | €162,694 | -€239,195 | -59.5% |
| Distributable reserves | 133 | €401,890 | €162,694 | -€239,195 | -59.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,603 | €212,762 | +€182,159 | +595% |
| Amounts payable within one year | 42/48 | €30,603 | €212,762 | +€182,159 | +595% |
| Trade debts | 44 | €23,355 | €1,245 | -€22,110 | -94.7% |
| Suppliers | 440/4 | €23,355 | €1,245 | -€22,110 | -94.7% |
| Taxes, remuneration and social security | 45 | €7,248 | €17,107 | +€9,859 | +136% |
| Taxes | 450/3 | €3,755 | €16,153 | +€12,398 | +330% |
| Remuneration and social security | 454/9 | €3,493 | €954 | -€2,539 | -72.7% |
| Other amounts payable | 47/48 | €0 | €194,410 | +€194,410 | |
| Remuneration, social security and pensions | 62 | €24,717 | €13,694 | -€11,023 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585 | €1,338 | -€246 | -15.5% |
| Other operating charges | 640/8 | €596 | €590 | -€6 | -0.9% |
| Gross operating margin | 9900 | €36,708 | €18,932 | -€17,776 | -48.4% |
| Operating profit (loss) | 9901 | €9,811 | €3,310 | -€6,501 | -66.3% |
| Financial income | 75/76B | €23,472 | €7,085 | -€16,388 | -69.8% |
| Recurring financial income | 75 | €23,472 | €7,085 | -€16,388 | -69.8% |
| Financial charges | 65/66B | €485 | €504 | +€19 | +3.8% |
| Recurring financial charges | 65 | €485 | €504 | +€19 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €32,798 | €9,891 | -€22,907 | -69.8% |
| Income taxes | 67/77 | €11,833 | €4,516 | -€7,317 | -61.8% |
| Profit (loss) for the period | 9904 | €20,965 | €5,375 | -€15,590 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,965 | €5,375 | -€15,590 | -74.4% |
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.