GRAPES: 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.
GRAPES
Largest movements
- Receivables within one year -€23,163
down €23,163 (-15.4%), from €150,332 to €127,169
of which Other amounts receivable: -€17,186
- Profit (loss) carried forward -€24,685
down €24,685 (-20.0%), from -€123,278 to -€147,962
- Debts after one year -€22,382
down €22,382 (-13.4%), from €167,052 to €144,670
- Current portion of long-term debt +€12,177
up €12,177 (+58.6%), from €20,797 to €32,975
- Other debts +€11,639
up €11,639 (+57.6%), from €20,197 to €31,836
- Gross operating margin +€3,879
up €3,879 (+42.1%), from -€9,214 to -€5,335
- Financial charges -€2,845
down €2,845 (-52.1%), from €5,460 to €2,615
- Financial income +€259
up €259 (+4.9%), from €5,244 to €5,503
- Other operating charges -€159
down €159 (-21.7%), from €734 to €575
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 | €158,330 | €135,309 | -€23,020 | -14.5% |
| Current assets | 29/58 | €158,330 | €135,309 | -€23,020 | -14.5% |
| Amounts receivable within one year | 40/41 | €150,332 | €127,169 | -€23,163 | -15.4% |
| Trade receivables | 40 | €9,176 | €3,199 | -€5,977 | -65.1% |
| Other amounts receivable | 41 | €141,155 | €123,970 | -€17,186 | -12.2% |
| Cash at bank and in hand | 54/58 | €7,998 | €8,141 | +€143 | +1.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €158,330 | €135,309 | -€23,020 | -14.5% |
| Equity | 10/15 | -€52,608 | -€77,293 | -€24,685 | -46.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €8,669 | €8,669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,456 | €4,456 | = | 0.0% |
| Legal reserve | 130 | €4,456 | €4,456 | = | 0.0% |
| Distributable reserves | 133 | €4,213 | €4,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,278 | -€147,962 | -€24,685 | -20.0% |
| Amounts payable | 17/49 | €210,938 | €212,603 | +€1,664 | +0.8% |
| Amounts payable after more than one year | 17 | €167,052 | €144,670 | -€22,382 | -13.4% |
| Financial debts | 170/4 | €167,052 | €144,670 | -€22,382 | -13.4% |
| Amounts payable within one year | 42/48 | €43,886 | €67,932 | +€24,046 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €20,797 | €32,975 | +€12,177 | +58.6% |
| Trade debts | 44 | €2,892 | €3,122 | +€230 | +7.9% |
| Suppliers | 440/4 | €2,892 | €3,122 | +€230 | +7.9% |
| Other amounts payable | 47/48 | €20,197 | €31,836 | +€11,639 | +57.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €734 | €575 | -€159 | -21.7% |
| Non-recurring operating charges | 66A | - | €21,662 | +€21,662 | |
| Gross operating margin | 9900 | -€9,214 | -€5,335 | +€3,879 | +42.1% |
| Operating profit (loss) | 9901 | -€9,948 | -€27,572 | -€17,624 | -177.2% |
| Financial income | 75/76B | €5,244 | €5,503 | +€259 | +4.9% |
| Recurring financial income | 75 | €5,244 | €5,503 | +€259 | +4.9% |
| Financial charges | 65/66B | €5,460 | €2,615 | -€2,845 | -52.1% |
| Recurring financial charges | 65 | €5,460 | €2,615 | -€2,845 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,165 | -€24,685 | -€14,520 | -142.8% |
| Profit (loss) for the period | 9904 | -€10,165 | -€24,685 | -€14,520 | -142.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,165 | -€24,685 | -€14,520 | -142.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.