FRANCOIS GRIMOIN: 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.
FRANCOIS GRIMOIN
Largest movements
- Stocks and contracts -€28,000
down €28,000 (-50.9%), from €55,000 to €27,000
- Receivables within one year +€1,540
up €1,540 (+51.3%), from €3,003 to €4,543
of which Trade receivables: +€2,470
- Cash -€1,068
down €1,068 (-97.6%), from €1,095 to €27
mainly Other debts (-€31,993) and Receivables within one year (-€1,540)
- Other debts -€31,993
down €31,993 (-83.5%), from €38,298 to €6,305
- Trade debts +€4,770
up €4,770 (+476%), from €1,003 to €5,773
- Gross operating margin -€4,891
down €4,891 (-95.1%), from €5,141 to €250
- Taxes -€953
down €953 (-100%), from €953 to €0
- Other operating charges +€450
new in 2025: €450
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 | €59,419 | €31,643 | -€27,776 | -46.7% |
| Fixed assets | 21/28 | €321 | €73 | -€248 | -77.4% |
| Tangible fixed assets | 22/27 | €321 | €73 | -€248 | -77.4% |
| Plant, machinery and equipment | 23 | €321 | €73 | -€248 | -77.4% |
| Current assets | 29/58 | €59,098 | €31,570 | -€27,528 | -46.6% |
| Stocks and contracts in progress | 3 | €55,000 | €27,000 | -€28,000 | -50.9% |
| Stocks | 30/36 | €55,000 | €27,000 | -€28,000 | -50.9% |
| Amounts receivable within one year | 40/41 | €3,003 | €4,543 | +€1,540 | +51.3% |
| Trade receivables | 40 | - | €2,470 | +€2,470 | |
| Other amounts receivable | 41 | €3,003 | €2,073 | -€930 | -31.0% |
| Cash at bank and in hand | 54/58 | €1,095 | €27 | -€1,068 | -97.6% |
| Total equity and liabilities | 10/49 | €59,419 | €31,643 | -€27,776 | -46.7% |
| Equity | 10/15 | €4,411 | €3,858 | -€553 | -12.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€589 | -€1,142 | -€553 | -93.9% |
| Amounts payable | 17/49 | €55,008 | €27,785 | -€27,223 | -49.5% |
| Amounts payable after more than one year | 17 | €14,750 | €14,750 | = | 0.0% |
| Financial debts | 170/4 | €14,750 | €14,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,258 | €13,035 | -€27,223 | -67.6% |
| Trade debts | 44 | €1,003 | €5,773 | +€4,770 | +476% |
| Suppliers | 440/4 | €1,003 | €5,773 | +€4,770 | +476% |
| Taxes, remuneration and social security | 45 | €957 | €957 | -€0 | 0.0% |
| Taxes | 450/3 | €957 | €957 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €38,298 | €6,305 | -€31,993 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €249 | -€0 | -0.1% |
| Other operating charges | 640/8 | - | €450 | +€450 | |
| Gross operating margin | 9900 | €5,141 | €250 | -€4,891 | -95.1% |
| Operating profit (loss) | 9901 | €4,892 | -€449 | -€5,341 | |
| Financial charges | 65/66B | €111 | €104 | -€7 | -5.9% |
| Recurring financial charges | 65 | €111 | €104 | -€7 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €4,781 | -€553 | -€5,334 | |
| Income taxes | 67/77 | €953 | €0 | -€953 | -100% |
| Profit (loss) for the period | 9904 | €3,828 | -€553 | -€4,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,828 | -€553 | -€4,381 |
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 15 October 2026 via checked.be.