GRAL HOLDING: what changed
GRAL HOLDING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€299,990
down €299,990 (-62.7%), from €478,790 to €178,800
- Other debts +€207,500
up €207,500 (+789%), from €26,292 to €233,792
- Reserves +€196,500
up €196,500 (+72.2%), from €272,200 to €468,700
of which Distributable reserves: +€196,500
- Debts after one year -€168,200
down €168,200 (-59.9%), from €281,000 to €112,800
- Tax, wage and social debts +€60,350
up €60,350 (+225%), from €26,800 to €87,150
- Financial income +€20,000
up €20,000 (+10.0%), from €200,000 to €220,000
- Taxes +€1,850
up €1,850 (+10.4%), from €17,800 to €19,650
- Financial charges -€136
down €136 (-63.0%), from €216 to €80
- Gross operating margin -€75
down €75 (-2.8%), from -€2,717 to -€2,792
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,147,082 | €1,143,662 | -€3,419 | -0.3% |
| Fixed assets | 21/28 | €1,131,804 | €1,131,804 | = | 0.0% |
| Financial fixed assets | 28 | €1,131,804 | €1,131,804 | = | 0.0% |
| Current assets | 29/58 | €15,278 | €11,858 | -€3,419 | -22.4% |
| Cash at bank and in hand | 54/58 | €15,278 | €11,858 | -€3,419 | -22.4% |
| Total equity and liabilities | 10/49 | €1,147,082 | €1,143,662 | -€3,419 | -0.3% |
| Equity | 10/15 | €812,990 | €709,500 | -€103,490 | -12.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €272,200 | €468,700 | +€196,500 | +72.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €266,000 | €462,500 | +€196,500 | +73.9% |
| Profit (loss) carried forward | 14 | €478,790 | €178,800 | -€299,990 | -62.7% |
| Amounts payable | 17/49 | €334,092 | €434,162 | +€100,070 | +30.0% |
| Amounts payable after more than one year | 17 | €281,000 | €112,800 | -€168,200 | -59.9% |
| Financial debts | 170/4 | €281,000 | €112,800 | -€168,200 | -59.9% |
| Amounts payable within one year | 42/48 | €53,092 | €321,362 | +€268,270 | +505% |
| Trade debts | 44 | - | €420 | +€420 | |
| Suppliers | 440/4 | - | €420 | +€420 | |
| Taxes, remuneration and social security | 45 | €26,800 | €87,150 | +€60,350 | +225% |
| Taxes | 450/3 | €26,800 | €87,150 | +€60,350 | +225% |
| Other amounts payable | 47/48 | €26,292 | €233,792 | +€207,500 | +789% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€2,717 | -€2,792 | -€75 | -2.8% |
| Operating profit (loss) | 9901 | -€3,678 | -€3,760 | -€82 | -2.2% |
| Financial income | 75/76B | €200,000 | €220,000 | +€20,000 | +10.0% |
| Recurring financial income | 75 | €200,000 | €220,000 | +€20,000 | +10.0% |
| Financial charges | 65/66B | €216 | €80 | -€136 | -63.0% |
| Recurring financial charges | 65 | €216 | €80 | -€136 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €196,107 | €216,160 | +€20,053 | +10.2% |
| Income taxes | 67/77 | €17,800 | €19,650 | +€1,850 | +10.4% |
| Profit (loss) for the period | 9904 | €178,307 | €196,510 | +€18,203 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €178,307 | €196,510 | +€18,203 | +10.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.