GRY: 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.
GRY
Largest movements
- Cash +€5,351
up €5,351 (+61.0%), from €8,766 to €14,117
mainly Depreciation (+€8,213) and Net result for the year (+€7,374)
- Receivables within one year +€3,664
up €3,664 (+26.9%), from €13,629 to €17,293
of which Other amounts receivable: +€3,817
- Tangible fixed assets -€3,267
down €3,267 (-11.1%), from €29,369 to €26,102
of which Furniture and vehicles: -€5,581
- Deferred charges and accrued income -€1,116
down €1,116 (-66.7%), from €1,675 to €558
- Profit (loss) carried forward +€6,541
up €6,541 (+30.9%), from €21,155 to €27,697
- Debts after one year -€4,894
down €4,894 (-30.2%), from €16,230 to €11,336
- Tax, wage and social debts +€3,510
up €3,510 (+63.4%), from €5,540 to €9,050
of which Remuneration and social security: +€2,645
- Other debts -€906
down €906 (-33.7%), from €2,690 to €1,784
- Gross operating margin -€9,383
down €9,383 (-13.7%), from €68,338 to €58,955
- Staff costs +€3,655
up €3,655 (+12.3%), from €29,595 to €33,250
- Taxes -€3,045
down €3,045 (-42.1%), from €7,229 to €4,183
- Depreciation +€1,994
up €1,994 (+32.1%), from €6,219 to €8,213
- Financial charges +€1,779
up €1,779 (+68.8%), from €2,584 to €4,363
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 | €53,439 | €58,071 | +€4,632 | +8.7% |
| Fixed assets | 21/28 | €29,369 | €26,102 | -€3,267 | -11.1% |
| Tangible fixed assets | 22/27 | €29,369 | €26,102 | -€3,267 | -11.1% |
| Plant, machinery and equipment | 23 | €2,550 | €4,864 | +€2,314 | +90.8% |
| Furniture and vehicles | 24 | €26,819 | €21,238 | -€5,581 | -20.8% |
| Current assets | 29/58 | €24,070 | €31,969 | +€7,899 | +32.8% |
| Amounts receivable within one year | 40/41 | €13,629 | €17,293 | +€3,664 | +26.9% |
| Trade receivables | 40 | €11,358 | €11,206 | -€152 | -1.3% |
| Other amounts receivable | 41 | €2,271 | €6,088 | +€3,817 | +168.0% |
| Cash at bank and in hand | 54/58 | €8,766 | €14,117 | +€5,351 | +61.0% |
| Deferred charges and accrued income | 490/1 | €1,675 | €558 | -€1,116 | -66.7% |
| Total equity and liabilities | 10/49 | €53,439 | €58,071 | +€4,632 | +8.7% |
| Equity | 10/15 | €23,155 | €29,697 | +€6,541 | +28.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,155 | €27,697 | +€6,541 | +30.9% |
| Amounts payable | 17/49 | €30,284 | €28,374 | -€1,909 | -6.3% |
| Amounts payable after more than one year | 17 | €16,230 | €11,336 | -€4,894 | -30.2% |
| Financial debts | 170/4 | €16,230 | €11,336 | -€4,894 | -30.2% |
| Amounts payable within one year | 42/48 | €14,053 | €17,038 | +€2,985 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €4,693 | €4,894 | +€201 | +4.3% |
| Trade debts | 44 | €1,130 | €1,310 | +€180 | +15.9% |
| Suppliers | 440/4 | €1,130 | €1,310 | +€180 | +15.9% |
| Taxes, remuneration and social security | 45 | €5,540 | €9,050 | +€3,510 | +63.4% |
| Taxes | 450/3 | €1,786 | €2,651 | +€865 | +48.4% |
| Remuneration and social security | 454/9 | €3,754 | €6,399 | +€2,645 | +70.5% |
| Other amounts payable | 47/48 | €2,690 | €1,784 | -€906 | -33.7% |
| Remuneration, social security and pensions | 62 | €29,595 | €33,250 | +€3,655 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,219 | €8,213 | +€1,994 | +32.1% |
| Other operating charges | 640/8 | €756 | €1,571 | +€815 | +107.8% |
| Gross operating margin | 9900 | €68,338 | €58,955 | -€9,383 | -13.7% |
| Operating profit (loss) | 9901 | €31,768 | €15,921 | -€15,847 | -49.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,584 | €4,363 | +€1,779 | +68.8% |
| Recurring financial charges | 65 | €2,584 | €4,363 | +€1,779 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €29,184 | €11,558 | -€17,626 | -60.4% |
| Income taxes | 67/77 | €7,229 | €4,183 | -€3,045 | -42.1% |
| Profit (loss) for the period | 9904 | €21,955 | €7,374 | -€14,581 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,955 | €7,374 | -€14,581 | -66.4% |
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 6 October 2026 via checked.be.