CABINET GRUMBERS: what changed
What changed
CABINET GRUMBERS
NACE 72.109, Other research and development on natural sciences
filed annual accounts (NBB)
Net result for the year
€244,792
2024 · €185,775+€59,017
Equity
€491,589
2024 · €246,796+€244,792
Cash
€138,450
2024 · €164,523-€26,073
Balance sheet total
€642,094
2024 · €623,048+€19,046
Largest movements
Assets
- Current investments +€160,000
up €160,000 (+107%), from €149,152 to €309,152
- Receivables after one year -€127,586
no longer reported in 2025 (was €127,586)
- Cash -€26,073
down €26,073 (-15.8%), from €164,523 to €138,450
mainly Other debts (-€168,128) and Current investments (-€160,000)
- Tangible fixed assets +€8,010
up €8,010 (+10.3%), from €77,868 to €85,878
of which Other tangible fixed assets: +€8,583
Equity and liabilities
- Profit (loss) carried forward +€202,692
new in 2025: €202,692
- Other debts -€168,128
down €168,128 (-70.1%), from €239,996 to €71,868
- Tax, wage and social debts -€44,895
down €44,895 (-84.4%), from €53,184 to €8,289
of which Taxes: -€47,103
- Reserves +€42,100
up €42,100 (+27.4%), from €153,796 to €195,896
of which Tax-exempt reserves: +€42,100
- Trade debts -€7,414
down €7,414 (-51.7%), from €14,338 to €6,924
Income statement
- Gross operating margin +€69,507
up €69,507 (+25.9%), from €267,992 to €337,499
- Taxes +€19,189
up €19,189 (+34.0%), from €56,453 to €75,642
- Financial charges -€5,982
down €5,982 (-41.6%), from €14,392 to €8,410
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
€185,775
Gross operating margin
+€69,507
Depreciation
+€1,149
Other operating charges
+€513
Financial income
+€1,056
Financial charges
+€5,982
Taxes
-€19,189
Result 2025
€244,792
raises the resultlowers the result
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
+€155,117
Investment
-€181,190
Financing
€0
Cash 2024
€164,523
From operations (derived)
+€155,117
Net result for the year
+€244,792
Depreciation
+€13,180
Receivables after one year
+€127,586
Receivables within one year
-€3,978
Deferred charges and accrued income
-€718
Trade debts
-€7,414
Tax, wage and social debts
-€44,895
Other debts
-€168,128
Accrued charges and deferred income
-€5,310
Investment (derived)
-€181,190
Investment in fixed assets (net)
-€21,190
Current investments
-€160,000
Cash 2025
€138,450
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €623,048 | €642,094 | +€19,046 | +3.1% |
| Fixed assets | 21/28 | €77,868 | €85,878 | +€8,010 | +10.3% |
| Tangible fixed assets | 22/27 | €77,868 | €85,878 | +€8,010 | +10.3% |
| Plant, machinery and equipment | 23 | €912 | €1,446 | +€535 | +58.7% |
| Leasing and similar rights | 25 | €3,021 | €1,913 | -€1,108 | -36.7% |
| Other tangible fixed assets | 26 | €73,936 | €82,518 | +€8,583 | +11.6% |
| Current assets | 29/58 | €545,180 | €556,216 | +€11,036 | +2.0% |
| Amounts receivable after more than one year | 29 | €127,586 | - | -€127,586 | |
| Other amounts receivable | 291 | €127,586 | - | -€127,586 | |
| Amounts receivable within one year | 40/41 | €99,105 | €103,082 | +€3,978 | +4.0% |
| Trade receivables | 40 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 41 | €96,605 | €100,582 | +€3,978 | +4.1% |
| Current investments | 50/53 | €149,152 | €309,152 | +€160,000 | +107% |
| Cash at bank and in hand | 54/58 | €164,523 | €138,450 | -€26,073 | -15.8% |
| Deferred charges and accrued income | 490/1 | €4,814 | €5,532 | +€718 | +14.9% |
| Total equity and liabilities | 10/49 | €623,048 | €642,094 | +€19,046 | +3.1% |
| Equity | 10/15 | €246,796 | €491,589 | +€244,792 | +99.2% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Contributions outside capital | 11 | €93,000 | - | -€93,000 | |
| Other | 1109/19 | €93,000 | - | -€93,000 | |
| Reserves | 13 | €153,796 | €195,896 | +€42,100 | +27.4% |
| Non-distributable reserves | 130/1 | €9,300 | - | -€9,300 | |
| Legal reserve | 130 | €9,300 | - | -€9,300 | |
| Tax-exempt reserves | 132 | €7,861 | €49,961 | +€42,100 | +536% |
| Distributable reserves | 133 | €136,635 | €145,935 | +€9,300 | +6.8% |
| Profit (loss) carried forward | 14 | - | €202,692 | +€202,692 | |
| Provisions and deferred taxes | 16 | €21,821 | €21,821 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,821 | €21,821 | = | 0.0% |
| Pensions and similar obligations | 160 | €21,821 | €21,821 | = | 0.0% |
| Amounts payable | 17/49 | €354,430 | €128,684 | -€225,746 | -63.7% |
| Amounts payable after more than one year | 17 | €35,536 | €35,536 | = | 0.0% |
| Financial debts | 170/4 | €35,536 | €35,536 | = | 0.0% |
| Amounts payable within one year | 42/48 | €307,518 | €87,082 | -€220,436 | -71.7% |
| Trade debts | 44 | €14,338 | €6,924 | -€7,414 | -51.7% |
| Suppliers | 440/4 | €14,338 | €6,924 | -€7,414 | -51.7% |
| Taxes, remuneration and social security | 45 | €53,184 | €8,289 | -€44,895 | -84.4% |
| Taxes | 450/3 | €53,184 | €6,081 | -€47,103 | -88.6% |
| Remuneration and social security | 454/9 | - | €2,208 | +€2,208 | |
| Other amounts payable | 47/48 | €239,996 | €71,868 | -€168,128 | -70.1% |
| Accrued charges and deferred income | 492/3 | €11,376 | €6,066 | -€5,310 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,330 | €13,180 | -€1,149 | -8.0% |
| Other operating charges | 640/8 | €1,698 | €1,186 | -€513 | -30.2% |
| Gross operating margin | 9900 | €267,992 | €337,499 | +€69,507 | +25.9% |
| Operating profit (loss) | 9901 | €251,964 | €323,133 | +€71,169 | +28.2% |
| Financial income | 75/76B | €4,656 | €5,712 | +€1,056 | +22.7% |
| Recurring financial income | 75 | €4,656 | €5,712 | +€1,056 | +22.7% |
| Financial charges | 65/66B | €14,392 | €8,410 | -€5,982 | -41.6% |
| Recurring financial charges | 65 | €14,392 | €8,410 | -€5,982 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €242,228 | €320,435 | +€78,206 | +32.3% |
| Income taxes | 67/77 | €56,453 | €75,642 | +€19,189 | +34.0% |
| Profit (loss) for the period | 9904 | €185,775 | €244,792 | +€59,017 | +31.8% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €185,775 | €202,692 | +€16,917 | +9.1% |
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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.