Accueil » Discover GRET » Funding

Funding

Budget

In the context of a major health crisis and faced with recurrent and significant troubles, particu-larly in Myanmar, the Sahel and Haiti, in 2020, GRET maintained a volume of activity similar to that of the previous year, demonstrating real flex-ibility and resilience in the face of these events.

In parallel, a gross operating surplus was generated over the financial year, enabling GRET to cover its operating costs with its activity, even in such circumstances.
A certain number of projects featuring risks and the appli-cation of its usual provisions policy, nevertheless led to the consideration of strongly negative net charges to provi-sions in its accounts, deteriorating its net profit but mak-ing it possible to move forward with caution. In addition to this, a negative financial result for the year led GRET to final negative profit value of – 733,000 euros.
In terms of liabilities however, its equity remains very pos-itive (+5.15 million euros). GRET’s cash position yet again improved over this financial year, increasing from a bal-ance of 15.4 million euros at the end of 2019 to 18.2 mil-lion euros at the end of 2020.

As is the case every year, our organisation’s accounts were audited and certified by the Doucet, Beth & Asso-ciés accounting firm.