GRYTEC: 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.
GRYTEC
Largest movements
- Stocks and contracts -€244,332
down €244,332 (-59.7%), from €409,233 to €164,901
- Receivables within one year +€148,195
up €148,195 (+39.1%), from €379,205 to €527,400
of which Trade receivables: +€152,479
- Cash -€44,115
down €44,115 (-19.5%), from €226,651 to €182,536
mainly Advances received (-€298,551) and Receivables within one year (-€148,195)
- Tangible fixed assets -€43,229
down €43,229 (-6.9%), from €624,368 to €581,139
of which Land and buildings: -€25,894
- Advances received -€298,551
down €298,551 (-59.0%), from €506,277 to €207,726
- Trade debts +€103,920
up €103,920 (+158%), from €65,681 to €169,601
- Debts after one year -€40,486
down €40,486 (-10.4%), from €388,954 to €348,468
- Tax, wage and social debts +€36,469
up €36,469 (+97.4%), from €37,435 to €73,904
of which Taxes: +€30,611
- Reserves +€21,983
up €21,983 (+4.2%), from €529,154 to €551,137
of which Distributable reserves: +€21,983
- Staff costs +€29,837
up €29,837 (+35.1%), from €84,918 to €114,754
- Taxes -€13,237
down €13,237 (-43.4%), from €30,501 to €17,264
- Gross operating margin +€7,324
up €7,324 (+3.3%), from €219,419 to €226,743
- Financial charges -€4,789
down €4,789 (-21.3%), from €22,447 to €17,658
- Depreciation +€3,326
up €3,326 (+7.4%), from €45,075 to €48,401
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 | €1,644,064 | €1,461,759 | -€182,305 | -11.1% |
| Fixed assets | 21/28 | €624,368 | €586,134 | -€38,234 | -6.1% |
| Intangible fixed assets | 21 | - | €4,995 | +€4,995 | |
| Tangible fixed assets | 22/27 | €624,368 | €581,139 | -€43,229 | -6.9% |
| Land and buildings | 22 | €561,249 | €535,355 | -€25,894 | -4.6% |
| Plant, machinery and equipment | 23 | €6,693 | €8,685 | +€1,992 | +29.8% |
| Furniture and vehicles | 24 | €56,426 | €37,099 | -€19,326 | -34.3% |
| Current assets | 29/58 | €1,019,696 | €875,625 | -€144,071 | -14.1% |
| Stocks and contracts in progress | 3 | €409,233 | €164,901 | -€244,332 | -59.7% |
| Stocks | 30/36 | €409,233 | €164,901 | -€244,332 | -59.7% |
| Amounts receivable within one year | 40/41 | €379,205 | €527,400 | +€148,195 | +39.1% |
| Trade receivables | 40 | €373,198 | €525,677 | +€152,479 | +40.9% |
| Other amounts receivable | 41 | €6,007 | €1,723 | -€4,284 | -71.3% |
| Cash at bank and in hand | 54/58 | €226,651 | €182,536 | -€44,115 | -19.5% |
| Deferred charges and accrued income | 490/1 | €4,607 | €788 | -€3,819 | -82.9% |
| Total equity and liabilities | 10/49 | €1,644,064 | €1,461,759 | -€182,305 | -11.1% |
| Equity | 10/15 | €548,305 | €569,687 | +€21,382 | +3.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €529,154 | €551,137 | +€21,983 | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €529,154 | €551,137 | +€21,983 | +4.2% |
| Profit (loss) carried forward | 14 | €601 | €0 | -€601 | -100% |
| Amounts payable | 17/49 | €1,095,759 | €892,073 | -€203,687 | -18.6% |
| Amounts payable after more than one year | 17 | €388,954 | €348,468 | -€40,486 | -10.4% |
| Financial debts | 170/4 | €388,954 | €348,468 | -€40,486 | -10.4% |
| Amounts payable within one year | 42/48 | €700,934 | €543,605 | -€157,329 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €39,719 | €40,486 | +€768 | +1.9% |
| Trade debts | 44 | €65,681 | €169,601 | +€103,920 | +158% |
| Suppliers | 440/4 | €65,681 | €169,601 | +€103,920 | +158% |
| Advances received on contracts in progress | 46 | €506,277 | €207,726 | -€298,551 | -59.0% |
| Taxes, remuneration and social security | 45 | €37,435 | €73,904 | +€36,469 | +97.4% |
| Taxes | 450/3 | €23,903 | €54,514 | +€30,611 | +128% |
| Remuneration and social security | 454/9 | €13,531 | €19,389 | +€5,858 | +43.3% |
| Other amounts payable | 47/48 | €51,823 | €51,889 | +€66 | +0.1% |
| Accrued charges and deferred income | 492/3 | €5,871 | €0 | -€5,871 | -100% |
| Remuneration, social security and pensions | 62 | €84,918 | €114,754 | +€29,837 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,075 | €48,401 | +€3,326 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,612 | €0 | -€2,612 | -100% |
| Other operating charges | 640/8 | €7,412 | €7,554 | +€142 | +1.9% |
| Gross operating margin | 9900 | €219,419 | €226,743 | +€7,324 | +3.3% |
| Operating profit (loss) | 9901 | €79,403 | €56,034 | -€23,369 | -29.4% |
| Financial income | 75/76B | €1,498 | €270 | -€1,228 | -82.0% |
| Recurring financial income | 75 | €1,498 | €270 | -€1,228 | -82.0% |
| Financial charges | 65/66B | €22,447 | €17,658 | -€4,789 | -21.3% |
| Recurring financial charges | 65 | €22,447 | €17,658 | -€4,789 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €58,454 | €38,646 | -€19,807 | -33.9% |
| Income taxes | 67/77 | €30,501 | €17,264 | -€13,237 | -43.4% |
| Profit (loss) for the period | 9904 | €27,953 | €21,382 | -€6,571 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,953 | €21,382 | -€6,571 | -23.5% |
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 27 October 2026 via checked.be.