GRAM & CO: 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.
GRAM & CO
Largest movements
- Cash -€895,978
down €895,978 (-83.8%), from €1.1m to €173,326
mainly Current investments (-€629,622) and Investment in fixed assets (net) (-€463,497)
- Current investments +€629,622
up €629,622 (+118.2%), from €532,671 to €1.2m
- Tangible fixed assets +€378,364
up €378,364 (+41.2%), from €918,535 to €1.3m
of which Other tangible fixed assets: +€432,984
- Receivables within one year -€38,958
down €38,958 (-5.8%), from €675,039 to €636,081
of which Other amounts receivable: -€49,936
- Debts after one year +€138,601
up €138,601 (+26.6%), from €521,779 to €660,380
- Reserves -€43,350
down €43,350 (-2.1%), from €2.0m to €2.0m
of which Tax-exempt reserves: -€43,350
- Gross operating margin -€766,411
down €766,411 (-94.8%), from €808,062 to €41,651
- Staff costs -€97,462
down €97,462, from €83,903 to -€13,558
- Financial income +€50,462
up €50,462 (+408.2%), from €12,361 to €62,822
- Other operating charges +€50,199
up €50,199 (+482.8%), from €10,398 to €60,597
- Taxes -€26,131
down €26,131, from €24,016 to -€2,115
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,201,471 | €3,275,292 | +€73,820 | +2.3% |
| Fixed assets | 21/28 | €924,456 | €1,302,621 | +€378,164 | +40.9% |
| Tangible fixed assets | 22/27 | €918,535 | €1,296,900 | +€378,364 | +41.2% |
| Land and buildings | 22 | €901,165 | €833,671 | -€67,494 | -7.5% |
| Furniture and vehicles | 24 | €17,371 | €30,244 | +€12,874 | +74.1% |
| Other tangible fixed assets | 26 | - | €432,984 | +€432,984 | |
| Financial fixed assets | 28 | €5,921 | €5,721 | -€200 | -3.4% |
| Current assets | 29/58 | €2,277,015 | €1,972,671 | -€304,344 | -13.4% |
| Amounts receivable within one year | 40/41 | €675,039 | €636,081 | -€38,958 | -5.8% |
| Trade receivables | 40 | €2,901 | €13,879 | +€10,978 | +378.4% |
| Other amounts receivable | 41 | €672,139 | €622,203 | -€49,936 | -7.4% |
| Current investments | 50/53 | €532,671 | €1,162,293 | +€629,622 | +118.2% |
| Cash at bank and in hand | 54/58 | €1,069,304 | €173,326 | -€895,978 | -83.8% |
| Deferred charges and accrued income | 490/1 | - | €970 | +€970 | |
| Total equity and liabilities | 10/49 | €3,201,471 | €3,275,292 | +€73,820 | +2.3% |
| Equity | 10/15 | €2,184,046 | €2,160,312 | -€23,735 | -1.1% |
| Contributions | 10/11 | €51,600 | €51,600 | = | 0.0% |
| Reserves | 13 | €2,027,194 | €1,983,844 | -€43,350 | -2.1% |
| Tax-exempt reserves | 132 | €1,052,194 | €1,008,844 | -€43,350 | -4.1% |
| Distributable reserves | 133 | €975,000 | €975,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,252 | €124,868 | +€19,616 | +18.6% |
| Provisions and deferred taxes | 16 | €298,948 | €279,498 | -€19,450 | -6.5% |
| Provisions for liabilities and charges | 160/5 | €5,000 | - | -€5,000 | |
| Other liabilities and charges | 164/5 | €5,000 | - | -€5,000 | |
| Deferred taxes | 168 | €293,948 | €279,498 | -€14,450 | -4.9% |
| Amounts payable | 17/49 | €718,477 | €835,482 | +€117,005 | +16.3% |
| Amounts payable after more than one year | 17 | €521,779 | €660,380 | +€138,601 | +26.6% |
| Financial debts | 170/4 | €521,779 | €660,380 | +€138,601 | +26.6% |
| Amounts payable within one year | 42/48 | €194,698 | €170,702 | -€23,996 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €94,267 | €107,223 | +€12,957 | +13.7% |
| Trade debts | 44 | €27,823 | - | -€27,823 | |
| Suppliers | 440/4 | €27,823 | - | -€27,823 | |
| Taxes, remuneration and social security | 45 | €15,000 | €10,796 | -€4,204 | -28.0% |
| Taxes | 450/3 | €15,000 | €10,796 | -€4,204 | -28.0% |
| Other amounts payable | 47/48 | €57,608 | €52,683 | -€4,926 | -8.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €4,400 | +€2,400 | +120.0% |
| Non-recurring operating income | 76A | €716,654 | - | -€716,654 | |
| Remuneration, social security and pensions | 62 | €83,903 | -€13,558 | -€97,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,169 | €85,333 | +€25,164 | +41.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€5,000 | -€5,000 | |
| Other operating charges | 640/8 | €10,398 | €60,597 | +€50,199 | +482.8% |
| Gross operating margin | 9900 | €808,062 | €41,651 | -€766,411 | -94.8% |
| Operating profit (loss) | 9901 | €653,592 | -€85,721 | -€739,313 | |
| Financial income | 75/76B | €12,361 | €62,822 | +€50,462 | +408.2% |
| Recurring financial income | 75 | €12,361 | €62,822 | +€50,462 | +408.2% |
| Financial charges | 65/66B | €11,188 | €17,401 | +€6,213 | +55.5% |
| Recurring financial charges | 65 | €11,188 | €17,401 | +€6,213 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €654,765 | -€40,300 | -€695,065 | |
| Transfer from deferred taxes | 780 | €5,969 | €14,450 | +€8,482 | +142.1% |
| Transfer to deferred taxes | 680 | €133,766 | - | -€133,766 | |
| Income taxes | 67/77 | €24,016 | -€2,115 | -€26,131 | |
| Profit (loss) for the period | 9904 | €502,951 | -€23,735 | -€526,686 | |
| Transfer from tax-exempt reserves | 789 | €1,990 | €43,350 | +€41,361 | +2078.9% |
| Transfer to tax-exempt reserves | 689 | €401,299 | - | -€401,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,641 | €19,616 | -€84,025 | -81.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.