GRAMAR: 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.
GRAMAR
Largest movements
- Receivables within one year -€11,128
down €11,128 (-99.6%), from €11,170 to €42
of which Trade receivables: -€10,535
- Cash +€498
up €498 (+521.4%), from €95 to €593
mainly Receivables within one year (+€11,128) and Other debts (+€5,587)
- Trade debts -€16,426
down €16,426 (-76.1%), from €21,594 to €5,168
- Other debts +€5,587
new in 2025: €5,587
- Profit (loss) carried forward +€2,104
up €2,104 (+16.5%), from -€12,724 to -€10,620
- Tax, wage and social debts -€1,896
no longer reported in 2025 (was €1,896)
- Gross operating margin +€22,356
up €22,356, from -€19,790 to €2,566
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 | €11,266 | €636 | -€10,630 | -94.4% |
| Current assets | 29/58 | €11,266 | €636 | -€10,630 | -94.4% |
| Amounts receivable within one year | 40/41 | €11,170 | €42 | -€11,128 | -99.6% |
| Trade receivables | 40 | €10,535 | - | -€10,535 | |
| Other amounts receivable | 41 | €635 | €42 | -€593 | -93.4% |
| Cash at bank and in hand | 54/58 | €95 | €593 | +€498 | +521.4% |
| Total equity and liabilities | 10/49 | €11,266 | €636 | -€10,630 | -94.4% |
| Equity | 10/15 | -€12,224 | -€10,120 | +€2,104 | +17.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,724 | -€10,620 | +€2,104 | +16.5% |
| Amounts payable | 17/49 | €23,490 | €10,755 | -€12,734 | -54.2% |
| Amounts payable within one year | 42/48 | €23,490 | €10,755 | -€12,734 | -54.2% |
| Trade debts | 44 | €21,594 | €5,168 | -€16,426 | -76.1% |
| Suppliers | 440/4 | €21,594 | €5,168 | -€16,426 | -76.1% |
| Taxes, remuneration and social security | 45 | €1,896 | - | -€1,896 | |
| Taxes | 450/3 | €1,896 | - | -€1,896 | |
| Other amounts payable | 47/48 | - | €5,587 | +€5,587 | |
| Other operating charges | 640/8 | €367 | €187 | -€180 | -49.1% |
| Gross operating margin | 9900 | -€19,790 | €2,566 | +€22,356 | |
| Operating profit (loss) | 9901 | -€20,157 | €2,379 | +€22,537 | |
| Financial charges | 65/66B | €150 | €276 | +€126 | +83.8% |
| Recurring financial charges | 65 | €150 | €276 | +€126 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,307 | €2,104 | +€22,411 | |
| Profit (loss) for the period | 9904 | -€20,307 | €2,104 | +€22,411 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,307 | €2,104 | +€22,411 |
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 29 September 2026 via checked.be.