GRAMMATEION: 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.
GRAMMATEION
Largest movements
- Cash +€52,253
up €52,253 (+24.7%), from €211,922 to €264,175
mainly Other debts (+€182,919) and Net result for the year (+€71,803)
- Tangible fixed assets +€15,657
up €15,657 (+3.7%), from €417,999 to €433,656
of which Other tangible fixed assets: +€33,778
- Other debts +€182,919
up €182,919 (+186.7%), from €97,951 to €280,870
- Reserves -€125,900
down €125,900 (-24.1%), from €521,964 to €396,064
- Tax, wage and social debts +€11,786
up €11,786 (+137.9%), from €8,545 to €20,331
- Other operating charges -€3,707
down €3,707 (-89.8%), from €4,127 to €420
- Gross operating margin -€2,743
down €2,743 (-1.9%), from €142,278 to €139,534
- Depreciation +€1,729
up €1,729 (+5.4%), from €32,063 to €33,792
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 | €634,864 | €703,673 | +€68,808 | +10.8% |
| Fixed assets | 21/28 | €417,999 | €433,656 | +€15,657 | +3.7% |
| Tangible fixed assets | 22/27 | €417,999 | €433,656 | +€15,657 | +3.7% |
| Land and buildings | 22 | €329,984 | €311,862 | -€18,121 | -5.5% |
| Other tangible fixed assets | 26 | €88,016 | €121,794 | +€33,778 | +38.4% |
| Current assets | 29/58 | €216,865 | €270,016 | +€53,151 | +24.5% |
| Amounts receivable within one year | 40/41 | €3,402 | €4,283 | +€882 | +25.9% |
| Other amounts receivable | 41 | €3,402 | €4,283 | +€882 | +25.9% |
| Cash at bank and in hand | 54/58 | €211,922 | €264,175 | +€52,253 | +24.7% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,558 | +€16 | +1.1% |
| Total equity and liabilities | 10/49 | €634,864 | €703,673 | +€68,808 | +10.8% |
| Equity | 10/15 | €528,368 | €402,471 | -€125,897 | -23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €521,964 | €396,064 | -€125,900 | -24.1% |
| Distributable reserves | 133 | €521,964 | €396,064 | -€125,900 | -24.1% |
| Profit (loss) carried forward | 14 | €204 | €208 | +€3 | +1.6% |
| Amounts payable | 17/49 | €106,496 | €301,201 | +€194,705 | +182.8% |
| Amounts payable within one year | 42/48 | €106,496 | €301,201 | +€194,705 | +182.8% |
| Taxes, remuneration and social security | 45 | €8,545 | €20,331 | +€11,786 | +137.9% |
| Taxes | 450/3 | €8,545 | €20,331 | +€11,786 | +137.9% |
| Other amounts payable | 47/48 | €97,951 | €280,870 | +€182,919 | +186.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,063 | €33,792 | +€1,729 | +5.4% |
| Other operating charges | 640/8 | €4,127 | €420 | -€3,707 | -89.8% |
| Gross operating margin | 9900 | €142,278 | €139,534 | -€2,743 | -1.9% |
| Operating profit (loss) | 9901 | €106,088 | €105,323 | -€765 | -0.7% |
| Financial charges | 65/66B | €377 | €253 | -€124 | -33.0% |
| Recurring financial charges | 65 | €377 | €253 | -€124 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €105,711 | €105,070 | -€641 | -0.6% |
| Income taxes | 67/77 | €33,217 | €33,267 | +€50 | +0.1% |
| Profit (loss) for the period | 9904 | €72,494 | €71,803 | -€690 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,494 | €71,803 | -€690 | -1.0% |
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 1 October 2026 via checked.be.