Sebastian Gröss: 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.
Sebastian Gröss
Largest movements
- Receivables within one year -€56,866
down €56,866 (-65.7%), from €86,608 to €29,742
of which Trade receivables: -€64,116
- Cash +€43,788
up €43,788 (+597%), from €7,340 to €51,128
mainly Receivables within one year (+€56,866) and Net result for the year (+€17,106)
- Tangible fixed assets -€7,694
down €7,694 (-26.1%), from €29,516 to €21,822
of which Furniture and vehicles: -€6,028
- Receivables after one year -€4,104
no longer reported in 2025 (was €4,104)
- Deferred charges and accrued income +€1,841
up €1,841 (+74.0%), from €2,488 to €4,329
- Other debts -€19,954
down €19,954 (-53.2%), from €37,500 to €17,546
- Tax, wage and social debts -€5,149
down €5,149 (-23.1%), from €22,260 to €17,112
- Trade debts +€2,425
up €2,425 (+236%), from €1,029 to €3,453
- Gross operating margin -€16,943
down €16,943 (-35.7%), from €47,435 to €30,492
- Taxes -€3,377
down €3,377 (-41.1%), from €8,208 to €4,831
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 | €130,056 | €107,021 | -€23,035 | -17.7% |
| Fixed assets | 21/28 | €29,516 | €21,822 | -€7,694 | -26.1% |
| Tangible fixed assets | 22/27 | €29,516 | €21,822 | -€7,694 | -26.1% |
| Furniture and vehicles | 24 | €19,373 | €13,345 | -€6,028 | -31.1% |
| Other tangible fixed assets | 26 | €10,142 | €8,477 | -€1,665 | -16.4% |
| Current assets | 29/58 | €100,540 | €85,199 | -€15,341 | -15.3% |
| Amounts receivable after more than one year | 29 | €4,104 | - | -€4,104 | |
| Other amounts receivable | 291 | €4,104 | - | -€4,104 | |
| Amounts receivable within one year | 40/41 | €86,608 | €29,742 | -€56,866 | -65.7% |
| Trade receivables | 40 | €80,689 | €16,573 | -€64,116 | -79.5% |
| Other amounts receivable | 41 | €5,919 | €13,169 | +€7,250 | +122% |
| Cash at bank and in hand | 54/58 | €7,340 | €51,128 | +€43,788 | +597% |
| Deferred charges and accrued income | 490/1 | €2,488 | €4,329 | +€1,841 | +74.0% |
| Total equity and liabilities | 10/49 | €130,056 | €107,021 | -€23,035 | -17.7% |
| Equity | 10/15 | €65,590 | €65,150 | -€440 | -0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,150 | €60,150 | = | 0.0% |
| Distributable reserves | 133 | €60,150 | €60,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €440 | - | -€440 | |
| Amounts payable | 17/49 | €64,466 | €41,871 | -€22,595 | -35.0% |
| Amounts payable within one year | 42/48 | €60,789 | €38,111 | -€22,677 | -37.3% |
| Trade debts | 44 | €1,029 | €3,453 | +€2,425 | +236% |
| Suppliers | 440/4 | €1,029 | €3,453 | +€2,425 | +236% |
| Taxes, remuneration and social security | 45 | €22,260 | €17,112 | -€5,149 | -23.1% |
| Taxes | 450/3 | €22,260 | €17,112 | -€5,149 | -23.1% |
| Other amounts payable | 47/48 | €37,500 | €17,546 | -€19,954 | -53.2% |
| Accrued charges and deferred income | 492/3 | €3,678 | €3,760 | +€83 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,694 | €7,694 | = | 0.0% |
| Other operating charges | 640/8 | €725 | €749 | +€24 | +3.3% |
| Gross operating margin | 9900 | €47,435 | €30,492 | -€16,943 | -35.7% |
| Operating profit (loss) | 9901 | €39,016 | €22,048 | -€16,967 | -43.5% |
| Financial income | 75/76B | €139 | €106 | -€33 | -23.7% |
| Recurring financial income | 75 | €139 | €106 | -€33 | -23.7% |
| Financial charges | 65/66B | €296 | €217 | -€78 | -26.5% |
| Recurring financial charges | 65 | €296 | €217 | -€78 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €38,859 | €21,937 | -€16,922 | -43.5% |
| Income taxes | 67/77 | €8,208 | €4,831 | -€3,377 | -41.1% |
| Profit (loss) for the period | 9904 | €30,651 | €17,106 | -€13,545 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,651 | €17,106 | -€13,545 | -44.2% |
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 29 October 2026 via checked.be.