GRALBA: 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.
GRALBA
Largest movements
- Cash -€115,659
down €115,659 (-39.8%), from €290,349 to €174,690
mainly Receivables within one year (-€52,163) and Tax, wage and social debts (-€50,094)
- Receivables within one year +€52,163
up €52,163 (+307.2%), from €16,980 to €69,143
of which Trade receivables: +€41,627
- Tangible fixed assets -€19,331
down €19,331 (-9.4%), from €204,763 to €185,432
of which Furniture and vehicles: -€16,593
- Deferred charges and accrued income +€10,431
up €10,431 (+85.3%), from €12,235 to €22,666
- Tax, wage and social debts -€50,094
down €50,094 (-78.4%), from €63,871 to €13,776
of which Taxes: -€52,194
- Profit (loss) carried forward -€22,704
down €22,704 (-9.5%), from €239,992 to €217,288
- Gross operating margin -€150,125
down €150,125, from €147,940 to -€2,185
- Taxes -€35,741
down €35,741 (-88.1%), from €40,548 to €4,806
- Financial income -€2,978
down €2,978 (-24.3%), from €12,235 to €9,258
- Other operating charges +€2,111
up €2,111 (+77.6%), from €2,720 to €4,831
- Depreciation -€1,935
down €1,935 (-9.1%), from €21,266 to €19,331
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 | €696,115 | €623,719 | -€72,396 | -10.4% |
| Fixed assets | 21/28 | €204,763 | €185,432 | -€19,331 | -9.4% |
| Tangible fixed assets | 22/27 | €204,763 | €185,432 | -€19,331 | -9.4% |
| Land and buildings | 22 | €176,375 | €173,638 | -€2,738 | -1.6% |
| Furniture and vehicles | 24 | €28,388 | €11,794 | -€16,593 | -58.5% |
| Current assets | 29/58 | €491,352 | €438,287 | -€53,065 | -10.8% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,788 | €11,788 | = | 0.0% |
| Stocks | 30/36 | €11,788 | €11,788 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,980 | €69,143 | +€52,163 | +307.2% |
| Trade receivables | 40 | €6,723 | €48,351 | +€41,627 | +619.1% |
| Other amounts receivable | 41 | €10,256 | €20,792 | +€10,536 | +102.7% |
| Cash at bank and in hand | 54/58 | €290,349 | €174,690 | -€115,659 | -39.8% |
| Deferred charges and accrued income | 490/1 | €12,235 | €22,666 | +€10,431 | +85.3% |
| Total equity and liabilities | 10/49 | €696,115 | €623,719 | -€72,396 | -10.4% |
| Equity | 10/15 | €631,578 | €608,873 | -€22,704 | -3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €385,385 | €385,385 | = | 0.0% |
| Distributable reserves | 133 | €385,385 | €385,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,992 | €217,288 | -€22,704 | -9.5% |
| Amounts payable | 17/49 | €64,537 | €14,845 | -€49,692 | -77.0% |
| Amounts payable within one year | 42/48 | €64,537 | €14,845 | -€49,692 | -77.0% |
| Trade debts | 44 | €666 | €1,069 | +€403 | +60.4% |
| Suppliers | 440/4 | €666 | €1,069 | +€403 | +60.4% |
| Taxes, remuneration and social security | 45 | €63,871 | €13,776 | -€50,094 | -78.4% |
| Taxes | 450/3 | €63,871 | €11,676 | -€52,194 | -81.7% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,266 | €19,331 | -€1,935 | -9.1% |
| Other operating charges | 640/8 | €2,720 | €4,831 | +€2,111 | +77.6% |
| Gross operating margin | 9900 | €147,940 | -€2,185 | -€150,125 | |
| Operating profit (loss) | 9901 | €123,954 | -€26,348 | -€150,301 | |
| Financial income | 75/76B | €12,235 | €9,258 | -€2,978 | -24.3% |
| Recurring financial income | 75 | €12,235 | €9,258 | -€2,978 | -24.3% |
| Financial charges | 65/66B | €1,108 | €808 | -€300 | -27.1% |
| Recurring financial charges | 65 | €1,108 | €808 | -€300 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €135,081 | -€17,898 | -€152,979 | |
| Income taxes | 67/77 | €40,548 | €4,806 | -€35,741 | -88.1% |
| Profit (loss) for the period | 9904 | €94,533 | -€22,704 | -€117,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,533 | -€22,704 | -€117,238 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.