The Gregant: 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.
The Gregant
Largest movements
- Tangible fixed assets -€9,040
down €9,040 (-34.7%), from €26,063 to €17,023
of which Furniture and vehicles: -€10,397
- Stocks and contracts +€1,012
up €1,012 (+84.3%), from €1,202 to €2,214
- Receivables within one year +€490
up €490 (+78.8%), from €622 to €1,112
- Deferred charges and accrued income +€461
up €461 (+45.6%), from €1,011 to €1,472
- Profit (loss) carried forward -€27,591
down €27,591 (-64.3%), from -€42,908 to -€70,499
- Other debts +€8,211
up €8,211 (+14.1%), from €58,227 to €66,438
- Tax, wage and social debts +€7,438
up €7,438 (+1,081%), from €688 to €8,126
of which Remuneration and social security: +€6,311
- Trade debts +€3,392
up €3,392 (+485%), from €700 to €4,092
- Short-term financial debts +€1,855
up €1,855 (+81.0%), from €2,290 to €4,145
- Staff costs +€33,476
new in 2025: €33,476
- Gross operating margin +€13,894
up €13,894 (+186%), from €7,451 to €21,345
- Depreciation +€1,062
up €1,062 (+8.1%), from €13,105 to €14,167
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,276 | €22,381 | -€6,895 | -23.6% |
| Fixed assets | 21/28 | €26,441 | €17,583 | -€8,858 | -33.5% |
| Intangible fixed assets | 21 | €378 | €288 | -€90 | -23.8% |
| Tangible fixed assets | 22/27 | €26,063 | €17,023 | -€9,040 | -34.7% |
| Plant, machinery and equipment | 23 | €5,906 | €6,667 | +€761 | +12.9% |
| Furniture and vehicles | 24 | €20,157 | €9,760 | -€10,397 | -51.6% |
| Other tangible fixed assets | 26 | - | €596 | +€596 | |
| Financial fixed assets | 28 | - | €272 | +€272 | |
| Current assets | 29/58 | €2,835 | €4,798 | +€1,963 | +69.2% |
| Stocks and contracts in progress | 3 | €1,202 | €2,214 | +€1,012 | +84.3% |
| Stocks | 30/36 | €1,202 | €2,214 | +€1,012 | +84.3% |
| Amounts receivable within one year | 40/41 | €622 | €1,112 | +€490 | +78.8% |
| Trade receivables | 40 | €622 | €1,112 | +€490 | +78.8% |
| Deferred charges and accrued income | 490/1 | €1,011 | €1,472 | +€461 | +45.6% |
| Total equity and liabilities | 10/49 | €29,276 | €22,381 | -€6,895 | -23.6% |
| Equity | 10/15 | -€32,829 | -€60,420 | -€27,591 | -84.0% |
| Contributions | 10/11 | €10,079 | €10,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,908 | -€70,499 | -€27,591 | -64.3% |
| Amounts payable | 17/49 | €62,105 | €82,801 | +€20,697 | +33.3% |
| Amounts payable within one year | 42/48 | €62,105 | €82,801 | +€20,697 | +33.3% |
| Financial debts | 43 | €2,290 | €4,145 | +€1,855 | +81.0% |
| Credit institutions | 430/8 | €2,290 | €4,145 | +€1,855 | +81.0% |
| Trade debts | 44 | €700 | €4,092 | +€3,392 | +485% |
| Suppliers | 440/4 | €700 | €4,092 | +€3,392 | +485% |
| Advances received on contracts in progress | 46 | €200 | - | -€200 | |
| Taxes, remuneration and social security | 45 | €688 | €8,126 | +€7,438 | +1,081% |
| Taxes | 450/3 | €688 | €1,815 | +€1,127 | +164% |
| Remuneration and social security | 454/9 | - | €6,311 | +€6,311 | |
| Other amounts payable | 47/48 | €58,227 | €66,438 | +€8,211 | +14.1% |
| Remuneration, social security and pensions | 62 | - | €33,476 | +€33,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,105 | €14,167 | +€1,062 | +8.1% |
| Other operating charges | 640/8 | €532 | €475 | -€57 | -10.6% |
| Gross operating margin | 9900 | €7,451 | €21,345 | +€13,894 | +186% |
| Operating profit (loss) | 9901 | -€6,186 | -€26,773 | -€20,587 | -333% |
| Financial charges | 65/66B | €506 | €650 | +€144 | +28.5% |
| Recurring financial charges | 65 | €506 | €650 | +€144 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,692 | -€27,423 | -€20,731 | -310% |
| Income taxes | 67/77 | €174 | €169 | -€6 | -3.3% |
| Profit (loss) for the period | 9904 | -€6,866 | -€27,591 | -€20,725 | -302% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,866 | -€27,591 | -€20,725 | -302% |
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 13 October 2026 via checked.be.