LA TABLE DU GREC: what changed
LA TABLE DU GREC
Largest movements
- Cash -€33,815
down €33,815 (-26.0%), from €130,119 to €96,304
mainly Investment in fixed assets (net) (-€27,279) and Debts after one year (-€13,551)
- Tangible fixed assets +€12,764
up €12,764 (+12.5%), from €102,255 to €115,019
of which Furniture and vehicles: +€21,173
- Receivables within one year +€6,895
up €6,895 (+75.4%), from €9,151 to €16,046
- Stocks and contracts +€5,189
up €5,189 (+38.9%), from €13,339 to €18,529
- Deferred charges and accrued income +€3,315
up €3,315 (+69.8%), from €4,748 to €8,063
- Debts after one year -€13,551
no longer reported in 2025 (was €13,551)
- Tax, wage and social debts -€10,236
down €10,236 (-22.0%), from €46,585 to €36,349
of which Taxes: -€6,209
- Reserves +€9,005
up €9,005 (+5.9%), from €151,951 to €160,955
- Trade debts +€8,497
up €8,497 (+64.1%), from €13,265 to €21,762
- Gross operating margin -€144,868
down €144,868 (-34.3%), from €422,097 to €277,229
- Staff costs -€63,089
down €63,089 (-21.4%), from €294,935 to €231,846
- Depreciation -€17,897
down €17,897 (-54.2%), from €33,009 to €15,113
- Taxes -€15,071
down €15,071 (-71.2%), from €21,168 to €6,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,746 | €254,496 | -€6,250 | -2.4% |
| Fixed assets | 21/28 | €103,388 | €115,554 | +€12,166 | +11.8% |
| Tangible fixed assets | 22/27 | €102,255 | €115,019 | +€12,764 | +12.5% |
| Plant, machinery and equipment | 23 | €6,885 | €5,191 | -€1,694 | -24.6% |
| Furniture and vehicles | 24 | €2,186 | €23,359 | +€21,173 | +968% |
| Other tangible fixed assets | 26 | €93,183 | €86,469 | -€6,714 | -7.2% |
| Financial fixed assets | 28 | €1,134 | €535 | -€598 | -52.8% |
| Current assets | 29/58 | €157,358 | €138,942 | -€18,416 | -11.7% |
| Stocks and contracts in progress | 3 | €13,339 | €18,529 | +€5,189 | +38.9% |
| Stocks | 30/36 | €13,339 | €18,529 | +€5,189 | +38.9% |
| Amounts receivable within one year | 40/41 | €9,151 | €16,046 | +€6,895 | +75.4% |
| Other amounts receivable | 41 | €9,151 | €16,046 | +€6,895 | +75.4% |
| Cash at bank and in hand | 54/58 | €130,119 | €96,304 | -€33,815 | -26.0% |
| Deferred charges and accrued income | 490/1 | €4,748 | €8,063 | +€3,315 | +69.8% |
| Total equity and liabilities | 10/49 | €260,746 | €254,496 | -€6,250 | -2.4% |
| Equity | 10/15 | €172,411 | €181,415 | +€9,005 | +5.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | - | -€20,460 | |
| Other | 1109/19 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €151,951 | €160,955 | +€9,005 | +5.9% |
| Distributable reserves | 133 | €151,951 | €160,955 | +€9,005 | +5.9% |
| Amounts payable | 17/49 | €88,335 | €73,081 | -€15,255 | -17.3% |
| Amounts payable after more than one year | 17 | €13,551 | - | -€13,551 | |
| Financial debts | 170/4 | €13,551 | - | -€13,551 | |
| Amounts payable within one year | 42/48 | €74,784 | €73,081 | -€1,704 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €14,292 | €13,551 | -€741 | -5.2% |
| Trade debts | 44 | €13,265 | €21,762 | +€8,497 | +64.1% |
| Suppliers | 440/4 | €13,265 | €21,762 | +€8,497 | +64.1% |
| Taxes, remuneration and social security | 45 | €46,585 | €36,349 | -€10,236 | -22.0% |
| Taxes | 450/3 | €24,593 | €18,384 | -€6,209 | -25.2% |
| Remuneration and social security | 454/9 | €21,992 | €17,965 | -€4,027 | -18.3% |
| Other amounts payable | 47/48 | €643 | €1,419 | +€775 | +121% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €294,935 | €231,846 | -€63,089 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,009 | €15,113 | -€17,897 | -54.2% |
| Other operating charges | 640/8 | €4,887 | €8,983 | +€4,096 | +83.8% |
| Non-recurring operating charges | 66A | €8 | - | -€8 | |
| Gross operating margin | 9900 | €422,097 | €277,229 | -€144,868 | -34.3% |
| Operating profit (loss) | 9901 | €89,258 | €21,287 | -€67,971 | -76.2% |
| Financial income | 75/76B | €34 | €6 | -€27 | -80.8% |
| Recurring financial income | 75 | €34 | €6 | -€27 | -80.8% |
| Financial charges | 65/66B | €7,927 | €6,192 | -€1,735 | -21.9% |
| Recurring financial charges | 65 | €6,086 | €6,192 | +€106 | +1.7% |
| Non-recurring financial charges | 66B | €1,841 | - | -€1,841 | |
| Profit (loss) for the period before taxes | 9903 | €81,364 | €15,102 | -€66,263 | -81.4% |
| Income taxes | 67/77 | €21,168 | €6,097 | -€15,071 | -71.2% |
| Profit (loss) for the period | 9904 | €60,196 | €9,005 | -€51,192 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,196 | €9,005 | -€51,192 | -85.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.