Gramil: 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.
Gramil
Largest movements
- Current investments -€195,999
down €195,999 (-38.2%), from €513,529 to €317,530
- Cash -€132,752
down €132,752 (-57.1%), from €232,589 to €99,837
mainly Contributions, distributions and other (-€496,699) and Investment in fixed assets (net) (-€12,037)
- Reserves -€339,531
down €339,531 (-44.2%), from €767,548 to €428,017
- Gross operating margin -€17,274
down €17,274 (-7.6%), from €228,249 to €210,975
- Financial income +€15,175
up €15,175 (+184%), from €8,266 to €23,441
- Taxes +€13,086
up €13,086 (+26.1%), from €50,062 to €63,148
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.
Derived cash bridge
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 | €806,531 | €470,257 | -€336,274 | -41.7% |
| Fixed assets | 21/28 | €24,106 | €22,831 | -€1,275 | -5.3% |
| Tangible fixed assets | 22/27 | €24,106 | €22,831 | -€1,275 | -5.3% |
| Plant, machinery and equipment | 23 | €718 | €294 | -€424 | -59.1% |
| Furniture and vehicles | 24 | €12,173 | €14,528 | +€2,355 | +19.3% |
| Other tangible fixed assets | 26 | €11,215 | €8,009 | -€3,206 | -28.6% |
| Current assets | 29/58 | €782,425 | €447,426 | -€334,999 | -42.8% |
| Amounts receivable within one year | 40/41 | €35,121 | €28,077 | -€7,044 | -20.1% |
| Trade receivables | 40 | €18,548 | €13,439 | -€5,109 | -27.5% |
| Other amounts receivable | 41 | €16,573 | €14,638 | -€1,935 | -11.7% |
| Current investments | 50/53 | €513,529 | €317,530 | -€195,999 | -38.2% |
| Cash at bank and in hand | 54/58 | €232,589 | €99,837 | -€132,752 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,186 | €1,982 | +€796 | +67.1% |
| Total equity and liabilities | 10/49 | €806,531 | €470,257 | -€336,274 | -41.7% |
| Equity | 10/15 | €787,548 | €448,017 | -€339,531 | -43.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €767,548 | €428,017 | -€339,531 | -44.2% |
| Distributable reserves | 133 | €767,548 | €428,017 | -€339,531 | -44.2% |
| Amounts payable | 17/49 | €18,983 | €22,240 | +€3,257 | +17.2% |
| Amounts payable within one year | 42/48 | €16,096 | €20,740 | +€4,644 | +28.9% |
| Trade debts | 44 | €8,257 | €6,640 | -€1,617 | -19.6% |
| Suppliers | 440/4 | €8,257 | €6,640 | -€1,617 | -19.6% |
| Taxes, remuneration and social security | 45 | €7,803 | €14,065 | +€6,262 | +80.3% |
| Taxes | 450/3 | €5,715 | €11,507 | +€5,792 | +101% |
| Remuneration and social security | 454/9 | €2,088 | €2,558 | +€470 | +22.5% |
| Other amounts payable | 47/48 | €36 | €35 | -€1 | -2.8% |
| Accrued charges and deferred income | 492/3 | €2,887 | €1,500 | -€1,387 | -48.0% |
| Non-recurring operating income | 76A | €1,541 | - | -€1,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,723 | €13,312 | +€1,589 | +13.6% |
| Other operating charges | 640/8 | €390 | €744 | +€354 | +90.8% |
| Non-recurring operating charges | 66A | €4,210 | - | -€4,210 | |
| Gross operating margin | 9900 | €228,249 | €210,975 | -€17,274 | -7.6% |
| Operating profit (loss) | 9901 | €211,926 | €196,919 | -€15,007 | -7.1% |
| Financial income | 75/76B | €8,266 | €23,441 | +€15,175 | +184% |
| Recurring financial income | 75 | €8,266 | €23,441 | +€15,175 | +184% |
| Financial charges | 65/66B | - | €44 | +€44 | |
| Recurring financial charges | 65 | - | €44 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | €220,192 | €220,316 | +€124 | +0.1% |
| Income taxes | 67/77 | €50,062 | €63,148 | +€13,086 | +26.1% |
| Profit (loss) for the period | 9904 | €170,130 | €157,168 | -€12,962 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €170,130 | €157,168 | -€12,962 | -7.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.