GRABO: what changed
Two fiscal 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.
GRABO
Largest movements
- Receivables within one year +€4,069
up €4,069 (+12.4%), from €32,781 to €36,850
of which Other amounts receivable: +€12,341
- Deferred charges and accrued income +€470
new in 2025: €470
- Profit (loss) carried forward +€9,544
up €9,544 (+81.4%), from -€11,726 to -€2,182
- Trade debts -€5,152
down €5,152 (-52.6%), from €9,789 to €4,637
- Gross operating margin +€7,859
up €7,859 (+329.8%), from €2,383 to €10,243
- Financial income +€326
up €326 (+221.8%), from €147 to €473
- Financial charges +€175
up €175 (+112.9%), from €155 to €330
- Staff costs -€123
down €123 (-100.0%), from €123 to €0
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.
Cash bridge derived
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 | €39,878 | €44,281 | +€4,403 | +11.0% |
| Fixed assets | 21/28 | €1,306 | €974 | -€331 | -25.4% |
| Tangible fixed assets | 22/27 | €606 | €274 | -€331 | -54.7% |
| Plant, machinery and equipment | 23 | €106 | €0 | -€106 | -100.0% |
| Furniture and vehicles | 24 | €500 | €274 | -€226 | -45.1% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €38,572 | €43,306 | +€4,734 | +12.3% |
| Amounts receivable within one year | 40/41 | €32,781 | €36,850 | +€4,069 | +12.4% |
| Trade receivables | 40 | €28,883 | €20,610 | -€8,272 | -28.6% |
| Other amounts receivable | 41 | €3,898 | €16,239 | +€12,341 | +316.6% |
| Cash at bank and in hand | 54/58 | €5,791 | €5,987 | +€195 | +3.4% |
| Deferred charges and accrued income | 490/1 | - | €470 | +€470 | |
| Total equity and liabilities | 10/49 | €39,878 | €44,281 | +€4,403 | +11.0% |
| Equity | 10/15 | €30,088 | €39,632 | +€9,544 | +31.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €21,983 | €21,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,726 | -€2,182 | +€9,544 | +81.4% |
| Amounts payable | 17/49 | €9,789 | €4,648 | -€5,141 | -52.5% |
| Amounts payable within one year | 42/48 | €9,789 | €4,648 | -€5,141 | -52.5% |
| Trade debts | 44 | €9,789 | €4,637 | -€5,152 | -52.6% |
| Suppliers | 440/4 | €9,789 | €4,637 | -€5,152 | -52.6% |
| Taxes, remuneration and social security | 45 | - | €11 | +€11 | |
| Taxes | 450/3 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €123 | €0 | -€123 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €331 | +€51 | +18.2% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €2,383 | €10,243 | +€7,859 | +329.8% |
| Operating profit (loss) | 9901 | €1,477 | €9,404 | +€7,927 | +536.7% |
| Financial income | 75/76B | €147 | €473 | +€326 | +221.8% |
| Recurring financial income | 75 | €147 | €473 | +€326 | +221.8% |
| Financial charges | 65/66B | €155 | €330 | +€175 | +112.9% |
| Recurring financial charges | 65 | €155 | €330 | +€175 | +112.9% |
| Profit (loss) for the period before taxes | 9903 | €1,469 | €9,547 | +€8,078 | +549.9% |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | €1,469 | €9,544 | +€8,075 | +549.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,469 | €9,544 | +€8,075 | +549.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.