GRAMMA: 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.
GRAMMA
Largest movements
- Receivables within one year -€26,262
down €26,262 (-64.4%), from €40,804 to €14,542
- Cash +€5,777
up €5,777 (+5.1%), from €113,595 to €119,371
mainly Receivables within one year (+€26,262) and Depreciation (+€4,630)
- Deferred charges and accrued income -€3,149
down €3,149 (-32.0%), from €9,849 to €6,700
- Trade debts -€13,805
down €13,805 (-85.5%), from €16,152 to €2,347
- Reserves -€10,665
down €10,665 (-21.4%), from €49,877 to €39,212
- Gross operating margin -€19,210
down €19,210, from €14,577 to -€4,633
- Depreciation -€1,020
down €1,020 (-18.1%), from €5,650 to €4,630
- Other operating charges -€974
down €974 (-65.2%), from €1,493 to €520
- Financial income -€478
down €478 (-100%), from €478 to €0
- Financial charges -€309
down €309 (-25.9%), from €1,192 to €883
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 | €173,602 | €147,524 | -€26,077 | -15.0% |
| Fixed assets | 21/28 | €9,353 | €6,911 | -€2,443 | -26.1% |
| Intangible fixed assets | 21 | €1,331 | €505 | -€826 | -62.1% |
| Tangible fixed assets | 22/27 | €7,772 | €6,406 | -€1,367 | -17.6% |
| Furniture and vehicles | 24 | €7,772 | €6,406 | -€1,367 | -17.6% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100% |
| Current assets | 29/58 | €164,248 | €140,614 | -€23,634 | -14.4% |
| Amounts receivable within one year | 40/41 | €40,804 | €14,542 | -€26,262 | -64.4% |
| Trade receivables | 40 | €40,804 | €14,542 | -€26,262 | -64.4% |
| Cash at bank and in hand | 54/58 | €113,595 | €119,371 | +€5,777 | +5.1% |
| Deferred charges and accrued income | 490/1 | €9,849 | €6,700 | -€3,149 | -32.0% |
| Total equity and liabilities | 10/49 | €173,602 | €147,524 | -€26,077 | -15.0% |
| Equity | 10/15 | €149,877 | €139,212 | -€10,665 | -7.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €49,877 | €39,212 | -€10,665 | -21.4% |
| Distributable reserves | 133 | €49,877 | €39,212 | -€10,665 | -21.4% |
| Amounts payable | 17/49 | €23,724 | €8,312 | -€15,412 | -65.0% |
| Amounts payable within one year | 42/48 | €23,724 | €8,312 | -€15,412 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €16,152 | €2,347 | -€13,805 | -85.5% |
| Suppliers | 440/4 | €16,152 | €2,347 | -€13,805 | -85.5% |
| Taxes, remuneration and social security | 45 | €7,572 | €5,965 | -€1,607 | -21.2% |
| Taxes | 450/3 | €7,572 | €5,965 | -€1,607 | -21.2% |
| Non-recurring operating income | 76A | €80 | €0 | -€80 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,650 | €4,630 | -€1,020 | -18.1% |
| Other operating charges | 640/8 | €1,493 | €520 | -€974 | -65.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,577 | -€4,633 | -€19,210 | |
| Operating profit (loss) | 9901 | €7,434 | -€9,782 | -€17,216 | |
| Financial income | 75/76B | €478 | €0 | -€478 | -100% |
| Recurring financial income | 75 | €478 | €0 | -€478 | -100% |
| Financial charges | 65/66B | €1,192 | €883 | -€309 | -25.9% |
| Recurring financial charges | 65 | €1,192 | €883 | -€309 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €6,720 | -€10,665 | -€17,385 | |
| Profit (loss) for the period | 9904 | €6,720 | -€10,665 | -€17,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,720 | -€10,665 | -€17,385 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.