Grama: 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.
Grama
Largest movements
- Receivables within one year -€76,257
down €76,257 (-19.0%), from €401,758 to €325,500
- Cash -€67,267
down €67,267 (-9.6%), from €702,178 to €634,910
mainly Trade debts (-€123,056) and Net result for the year (-€105,670)
- Tangible fixed assets -€37,805
down €37,805 (-19.3%), from €195,770 to €157,966
of which Plant, machinery and equipment: -€22,605
- Stocks and contracts -€34,934
down €34,934 (-7.4%), from €472,913 to €437,979
- Trade debts -€123,056
down €123,056 (-15.0%), from €818,896 to €695,841
- Reserves -€105,670
down €105,670 (-18.0%), from €587,237 to €481,566
of which Distributable reserves: -€105,670
- Gross operating margin -€141,540
down €141,540 (-23.9%), from €591,719 to €450,180
- Staff costs +€26,852
up €26,852 (+6.0%), from €450,172 to €477,024
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 | €1,780,431 | €1,564,452 | -€215,979 | -12.1% |
| Fixed assets | 21/28 | €195,770 | €157,966 | -€37,805 | -19.3% |
| Tangible fixed assets | 22/27 | €195,770 | €157,966 | -€37,805 | -19.3% |
| Plant, machinery and equipment | 23 | €95,549 | €72,944 | -€22,605 | -23.7% |
| Furniture and vehicles | 24 | €36,180 | €24,905 | -€11,275 | -31.2% |
| Other tangible fixed assets | 26 | €64,041 | €60,116 | -€3,925 | -6.1% |
| Current assets | 29/58 | €1,584,661 | €1,406,486 | -€178,175 | -11.2% |
| Stocks and contracts in progress | 3 | €472,913 | €437,979 | -€34,934 | -7.4% |
| Stocks | 30/36 | €472,913 | €437,979 | -€34,934 | -7.4% |
| Amounts receivable within one year | 40/41 | €401,758 | €325,500 | -€76,257 | -19.0% |
| Other amounts receivable | 41 | €401,758 | €325,500 | -€76,257 | -19.0% |
| Cash at bank and in hand | 54/58 | €702,178 | €634,910 | -€67,267 | -9.6% |
| Deferred charges and accrued income | 490/1 | €7,813 | €8,097 | +€284 | +3.6% |
| Total equity and liabilities | 10/49 | €1,780,431 | €1,564,452 | -€215,979 | -12.1% |
| Equity | 10/15 | €661,605 | €555,934 | -€105,670 | -16.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €587,237 | €481,566 | -€105,670 | -18.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,454 | €5,454 | = | 0.0% |
| Distributable reserves | 133 | €574,346 | €468,676 | -€105,670 | -18.4% |
| Amounts payable | 17/49 | €1,118,826 | €1,008,517 | -€110,309 | -9.9% |
| Amounts payable after more than one year | 17 | €184,618 | €184,618 | = | 0.0% |
| Financial debts | 170/4 | €184,618 | €184,618 | = | 0.0% |
| Amounts payable within one year | 42/48 | €934,208 | €823,899 | -€110,309 | -11.8% |
| Trade debts | 44 | €818,896 | €695,841 | -€123,056 | -15.0% |
| Suppliers | 440/4 | €818,896 | €695,841 | -€123,056 | -15.0% |
| Taxes, remuneration and social security | 45 | €56,254 | €68,957 | +€12,703 | +22.6% |
| Taxes | 450/3 | €3,035 | €2,658 | -€378 | -12.4% |
| Remuneration and social security | 454/9 | €53,218 | €66,300 | +€13,081 | +24.6% |
| Other amounts payable | 47/48 | €59,058 | €59,101 | +€43 | +0.1% |
| Remuneration, social security and pensions | 62 | €450,172 | €477,024 | +€26,852 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,271 | €43,517 | +€4,246 | +10.8% |
| Other operating charges | 640/8 | €25,770 | €26,367 | +€597 | +2.3% |
| Gross operating margin | 9900 | €591,719 | €450,180 | -€141,540 | -23.9% |
| Operating profit (loss) | 9901 | €76,507 | -€96,728 | -€173,235 | |
| Financial income | 75/76B | €465 | €254 | -€212 | -45.5% |
| Recurring financial income | 75 | €465 | €254 | -€212 | -45.5% |
| Financial charges | 65/66B | €6,191 | €9,196 | +€3,005 | +48.5% |
| Recurring financial charges | 65 | €6,191 | €9,196 | +€3,005 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €70,781 | -€105,670 | -€176,451 | |
| Income taxes | 67/77 | €2,754 | - | -€2,754 | |
| Profit (loss) for the period | 9904 | €68,027 | -€105,670 | -€173,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,027 | -€105,670 | -€173,697 |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.