Frédéric Grymonprez: 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.
Frédéric Grymonprez
Largest movements
- Receivables within one year +€9,488
up €9,488 (+3,795%), from €250 to €9,738
of which Trade receivables: +€8,771
- Cash +€6,881
up €6,881 (+27.2%), from €25,313 to €32,194
mainly Net result for the year (+€14,368) and Depreciation (+€3,263)
- Tangible fixed assets -€2,134
down €2,134 (-18.5%), from €11,565 to €9,431
of which Furniture and vehicles: -€1,770
- Deferred charges and accrued income +€1,135
new in 2025: €1,135
- Reserves +€14,368
up €14,368 (+78.1%), from €18,391 to €32,759
- Tax, wage and social debts +€1,488
up €1,488 (+20.9%), from €7,109 to €8,597
- Other debts -€998
down €998 (-16.7%), from €5,992 to €4,994
- Gross operating margin -€7,259
down €7,259 (-22.1%), from €32,908 to €25,649
- Other operating charges -€2,195
down €2,195 (-87.5%), from €2,509 to €314
- Taxes +€1,323
up €1,323 (+22.1%), from €5,997 to €7,320
- Depreciation -€1,197
down €1,197 (-26.8%), from €4,460 to €3,263
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 | €37,128 | €52,498 | +€15,370 | +41.4% |
| Fixed assets | 21/28 | €11,565 | €9,431 | -€2,134 | -18.5% |
| Tangible fixed assets | 22/27 | €11,565 | €9,431 | -€2,134 | -18.5% |
| Plant, machinery and equipment | 23 | €1,697 | €1,333 | -€364 | -21.4% |
| Furniture and vehicles | 24 | €9,868 | €8,098 | -€1,770 | -17.9% |
| Current assets | 29/58 | €25,563 | €43,067 | +€17,504 | +68.5% |
| Amounts receivable within one year | 40/41 | €250 | €9,738 | +€9,488 | +3,795% |
| Trade receivables | 40 | €250 | €9,021 | +€8,771 | +3,508% |
| Other amounts receivable | 41 | - | €717 | +€717 | |
| Cash at bank and in hand | 54/58 | €25,313 | €32,194 | +€6,881 | +27.2% |
| Deferred charges and accrued income | 490/1 | - | €1,135 | +€1,135 | |
| Total equity and liabilities | 10/49 | €37,128 | €52,498 | +€15,370 | +41.4% |
| Equity | 10/15 | €23,391 | €37,759 | +€14,368 | +61.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,391 | €32,759 | +€14,368 | +78.1% |
| Distributable reserves | 133 | €18,391 | €32,759 | +€14,368 | +78.1% |
| Amounts payable | 17/49 | €13,737 | €14,739 | +€1,002 | +7.3% |
| Amounts payable within one year | 42/48 | €13,423 | €14,350 | +€927 | +6.9% |
| Trade debts | 44 | €322 | €759 | +€437 | +136% |
| Suppliers | 440/4 | €322 | €759 | +€437 | +136% |
| Taxes, remuneration and social security | 45 | €7,109 | €8,597 | +€1,488 | +20.9% |
| Taxes | 450/3 | €7,109 | €8,597 | +€1,488 | +20.9% |
| Other amounts payable | 47/48 | €5,992 | €4,994 | -€998 | -16.7% |
| Accrued charges and deferred income | 492/3 | €314 | €389 | +€75 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,460 | €3,263 | -€1,197 | -26.8% |
| Other operating charges | 640/8 | €2,509 | €314 | -€2,195 | -87.5% |
| Non-recurring operating charges | 66A | €1,137 | - | -€1,137 | |
| Gross operating margin | 9900 | €32,908 | €25,649 | -€7,259 | -22.1% |
| Operating profit (loss) | 9901 | €24,802 | €22,072 | -€2,730 | -11.0% |
| Financial income | 75/76B | €47 | €121 | +€74 | +157% |
| Recurring financial income | 75 | €47 | €121 | +€74 | +157% |
| Financial charges | 65/66B | €461 | €505 | +€44 | +9.5% |
| Recurring financial charges | 65 | €461 | €505 | +€44 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €24,388 | €21,688 | -€2,700 | -11.1% |
| Income taxes | 67/77 | €5,997 | €7,320 | +€1,323 | +22.1% |
| Profit (loss) for the period | 9904 | €18,391 | €14,368 | -€4,023 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,391 | €14,368 | -€4,023 | -21.9% |
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 30 October 2026 via checked.be.