Outillages Gruslin: 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.
Outillages Gruslin
Largest movements
- Stocks and contracts +€52,943
up €52,943 (+21.0%), from €251,620 to €304,563
- Cash +€23,484
up €23,484 (+18.1%), from €129,673 to €153,157
mainly Depreciation (+€58,127) and Short-term financial debts (+€50,000)
- Short-term financial debts +€50,000
new in 2025: €50,000
- Reserves +€30,000
up €30,000 (+20.2%), from €148,610 to €178,610
of which Distributable reserves: +€30,000
- Debts after one year -€22,551
down €22,551 (-5.1%), from €442,355 to €419,805
- Other debts -€21,724
down €21,724 (-86.0%), from €25,255 to €3,531
- Trade debts +€21,591
up €21,591 (+109%), from €19,763 to €41,354
- Staff costs +€17,403
up €17,403 (+16.3%), from €106,507 to €123,910
- Gross operating margin +€15,078
up €15,078 (+6.8%), from €221,995 to €237,073
- Depreciation +€7,701
up €7,701 (+15.3%), from €50,425 to €58,127
- Taxes -€5,042
down €5,042 (-41.3%), from €12,221 to €7,180
- Financial charges -€3,168
down €3,168 (-24.2%), from €13,114 to €9,945
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 | €1,019,716 | €1,097,906 | +€78,190 | +7.7% |
| Fixed assets | 21/28 | €623,905 | €616,183 | -€7,723 | -1.2% |
| Intangible fixed assets | 21 | - | €1,310 | +€1,310 | |
| Tangible fixed assets | 22/27 | €623,730 | €614,697 | -€9,033 | -1.4% |
| Land and buildings | 22 | €562,048 | €542,469 | -€19,579 | -3.5% |
| Plant, machinery and equipment | 23 | €28,746 | €32,410 | +€3,664 | +12.7% |
| Furniture and vehicles | 24 | €32,937 | €39,819 | +€6,882 | +20.9% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €395,811 | €481,724 | +€85,913 | +21.7% |
| Stocks and contracts in progress | 3 | €251,620 | €304,563 | +€52,943 | +21.0% |
| Stocks | 30/36 | €251,620 | €304,563 | +€52,943 | +21.0% |
| Amounts receivable within one year | 40/41 | €9,050 | €15,339 | +€6,289 | +69.5% |
| Trade receivables | 40 | €5,340 | €8,510 | +€3,170 | +59.4% |
| Other amounts receivable | 41 | €3,710 | €6,829 | +€3,119 | +84.1% |
| Cash at bank and in hand | 54/58 | €129,673 | €153,157 | +€23,484 | +18.1% |
| Deferred charges and accrued income | 490/1 | €5,467 | €8,665 | +€3,197 | +58.5% |
| Total equity and liabilities | 10/49 | €1,019,716 | €1,097,906 | +€78,190 | +7.7% |
| Equity | 10/15 | €452,119 | €483,411 | +€31,291 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,610 | €178,610 | +€30,000 | +20.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €129,860 | €159,860 | +€30,000 | +23.1% |
| Profit (loss) carried forward | 14 | €284,909 | €286,201 | +€1,291 | +0.5% |
| Amounts payable | 17/49 | €567,597 | €614,495 | +€46,899 | +8.3% |
| Amounts payable after more than one year | 17 | €442,355 | €419,805 | -€22,551 | -5.1% |
| Financial debts | 170/4 | €442,355 | €419,805 | -€22,551 | -5.1% |
| Amounts payable within one year | 42/48 | €125,212 | €194,668 | +€69,456 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €39,538 | €38,517 | -€1,020 | -2.6% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €19,763 | €41,354 | +€21,591 | +109% |
| Suppliers | 440/4 | €19,763 | €41,354 | +€21,591 | +109% |
| Advances received on contracts in progress | 46 | - | €16,401 | +€16,401 | |
| Taxes, remuneration and social security | 45 | €40,656 | €44,864 | +€4,208 | +10.4% |
| Taxes | 450/3 | €20,780 | €17,894 | -€2,886 | -13.9% |
| Remuneration and social security | 454/9 | €19,876 | €26,970 | +€7,094 | +35.7% |
| Other amounts payable | 47/48 | €25,255 | €3,531 | -€21,724 | -86.0% |
| Accrued charges and deferred income | 492/3 | €30 | €23 | -€7 | -23.8% |
| Remuneration, social security and pensions | 62 | €106,507 | €123,910 | +€17,403 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,425 | €58,127 | +€7,701 | +15.3% |
| Other operating charges | 640/8 | €5,539 | €5,950 | +€411 | +7.4% |
| Non-recurring operating charges | 66A | €6,285 | - | -€6,285 | |
| Gross operating margin | 9900 | €221,995 | €237,073 | +€15,078 | +6.8% |
| Operating profit (loss) | 9901 | €53,240 | €49,087 | -€4,153 | -7.8% |
| Financial income | 75/76B | €481 | €330 | -€151 | -31.4% |
| Recurring financial income | 75 | €481 | €330 | -€151 | -31.4% |
| Financial charges | 65/66B | €13,114 | €9,945 | -€3,168 | -24.2% |
| Recurring financial charges | 65 | €13,114 | €9,945 | -€3,168 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €40,608 | €39,471 | -€1,137 | -2.8% |
| Income taxes | 67/77 | €12,221 | €7,180 | -€5,042 | -41.3% |
| Profit (loss) for the period | 9904 | €28,387 | €32,291 | +€3,905 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,387 | €32,291 | +€3,905 | +13.8% |
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 24 October 2026 via checked.be.