GRITEC: what changed
What changed
GRITEC
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€46,557
2024 · €47,142-€585
Equity
€162,242
2024 · €160,495+€1,747
Cash
€149,816
2024 · €88,037+€61,779
Balance sheet total
€587,465
2024 · €733,980-€146,514
Largest movements
Assets
- Receivables within one year -€182,864
down €182,864 (-45.8%), from €399,341 to €216,477
of which Trade receivables: -€193,216
- Cash +€61,779
up €61,779 (+70.2%), from €88,037 to €149,816
mainly Receivables within one year (+€182,864) and Net result for the year (+€46,557)
- Intangible fixed assets -€14,400
down €14,400 (-11.6%), from €124,432 to €110,032
- Deferred charges and accrued income -€11,042
down €11,042 (-14.6%), from €75,819 to €64,777
Equity and liabilities
- Trade debts -€138,142
down €138,142 (-50.0%), from €276,368 to €138,226
Income statement
- Gross operating margin -€97,061
down €97,061 (-16.4%), from €592,220 to €495,158
- Staff costs -€89,612
down €89,612 (-19.4%), from €461,541 to €371,929
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.
Result 2024
€47,142
Gross operating margin
-€97,061
Staff costs
+€89,612
Depreciation
+€2,008
Other operating charges
+€5,858
Other operating items
-€2,724
Financial income
+€2,304
Financial charges
-€2,650
Taxes
+€2,069
Result 2025
€46,557
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€117,440
Investment
-€7,777
Financing
-€47,884
Cash 2024
€88,037
From operations (derived)
+€117,440
Net result for the year
+€46,557
Depreciation
+€22,164
Receivables within one year
+€182,864
Deferred charges and accrued income
+€11,042
Trade debts
-€138,142
Smaller working-capital items
-€196
Other debts
-€6,850
Investment (derived)
-€7,777
Investment in fixed assets (net)
-€7,777
Financing
-€47,884
Debts after one year
-€3,282
Current portion of long-term debt
+€209
Contributions, distributions and other
-€44,810
Cash 2025
€149,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €733,980 | €587,465 | -€146,514 | -20.0% |
| Fixed assets | 21/28 | €170,783 | €156,396 | -€14,387 | -8.4% |
| Intangible fixed assets | 21 | €124,432 | €110,032 | -€14,400 | -11.6% |
| Tangible fixed assets | 22/27 | €26,901 | €26,914 | +€13 | 0.0% |
| Plant, machinery and equipment | 23 | €2,288 | €1,792 | -€496 | -21.7% |
| Furniture and vehicles | 24 | €24,613 | €25,122 | +€509 | +2.1% |
| Financial fixed assets | 28 | €19,450 | €19,450 | = | 0.0% |
| Current assets | 29/58 | €563,197 | €431,070 | -€132,127 | -23.5% |
| Amounts receivable within one year | 40/41 | €399,341 | €216,477 | -€182,864 | -45.8% |
| Trade receivables | 40 | €332,944 | €139,727 | -€193,216 | -58.0% |
| Other amounts receivable | 41 | €66,397 | €76,750 | +€10,352 | +15.6% |
| Cash at bank and in hand | 54/58 | €88,037 | €149,816 | +€61,779 | +70.2% |
| Deferred charges and accrued income | 490/1 | €75,819 | €64,777 | -€11,042 | -14.6% |
| Total equity and liabilities | 10/49 | €733,980 | €587,465 | -€146,514 | -20.0% |
| Equity | 10/15 | €160,495 | €162,242 | +€1,747 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,035 | €141,782 | +€1,747 | +1.2% |
| Amounts payable | 17/49 | €573,484 | €425,223 | -€148,261 | -25.9% |
| Amounts payable after more than one year | 17 | €6,788 | €3,505 | -€3,282 | -48.4% |
| Financial debts | 170/4 | €6,788 | €3,505 | -€3,282 | -48.4% |
| Amounts payable within one year | 42/48 | €566,369 | €421,718 | -€144,651 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €3,074 | €3,282 | +€209 | +6.8% |
| Trade debts | 44 | €276,368 | €138,226 | -€138,142 | -50.0% |
| Suppliers | 440/4 | €276,368 | €138,226 | -€138,142 | -50.0% |
| Taxes, remuneration and social security | 45 | €235,267 | €235,399 | +€132 | +0.1% |
| Taxes | 450/3 | €132,278 | €158,113 | +€25,835 | +19.5% |
| Remuneration and social security | 454/9 | €102,989 | €77,286 | -€25,703 | -25.0% |
| Other amounts payable | 47/48 | €51,660 | €44,810 | -€6,850 | -13.3% |
| Accrued charges and deferred income | 492/3 | €328 | €0 | -€328 | -100% |
| Non-recurring operating income | 76A | €6,045 | €4,214 | -€1,831 | -30.3% |
| Remuneration, social security and pensions | 62 | €461,541 | €371,929 | -€89,612 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,172 | €22,164 | -€2,008 | -8.3% |
| Other operating charges | 640/8 | €17,411 | €11,553 | -€5,858 | -33.6% |
| Non-recurring operating charges | 66A | - | €2,724 | +€2,724 | |
| Gross operating margin | 9900 | €592,220 | €495,158 | -€97,061 | -16.4% |
| Operating profit (loss) | 9901 | €89,095 | €86,788 | -€2,307 | -2.6% |
| Financial income | 75/76B | €2,193 | €4,497 | +€2,304 | +105% |
| Recurring financial income | 75 | €2,193 | €4,497 | +€2,304 | +105% |
| Financial charges | 65/66B | €8,685 | €11,335 | +€2,650 | +30.5% |
| Recurring financial charges | 65 | €8,685 | €11,335 | +€2,650 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €82,604 | €79,950 | -€2,653 | -3.2% |
| Income taxes | 67/77 | €35,462 | €33,393 | -€2,069 | -5.8% |
| Profit (loss) for the period | 9904 | €47,142 | €46,557 | -€585 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,142 | €46,557 | -€585 | -1.2% |
Next steps
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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.