GRASBOS: 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.
GRASBOS
Largest movements
- Tangible fixed assets -€185,814
no longer reported in 2025 (was €185,814)
- Cash +€177,097
up €177,097 (+177.0%), from €100,082 to €277,179
mainly Investment in fixed assets (net) (+€185,814) and Net result for the year (+€96,898)
- Receivables within one year +€120,135
up €120,135 (+89.5%), from €134,256 to €254,391
- Profit (loss) carried forward +€96,898
up €96,898, from -€29,455 to €67,443
- Tax, wage and social debts +€14,521
up €14,521 (+6408.3%), from €227 to €14,747
- Gross operating margin +€105,662
up €105,662 (+1494.1%), from €7,072 to €112,734
- Taxes +€14,308
up €14,308 (+32591.5%), from €44 to €14,352
- Depreciation -€11,674
no longer reported in 2025 (was €11,674)
- Financial charges -€2,798
no longer reported in 2025 (was €2,798)
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 | €420,152 | €531,570 | +€111,419 | +26.5% |
| Fixed assets | 21/28 | €185,814 | - | -€185,814 | |
| Tangible fixed assets | 22/27 | €185,814 | - | -€185,814 | |
| Land and buildings | 22 | €185,814 | - | -€185,814 | |
| Current assets | 29/58 | €234,338 | €531,570 | +€297,232 | +126.8% |
| Amounts receivable within one year | 40/41 | €134,256 | €254,391 | +€120,135 | +89.5% |
| Other amounts receivable | 41 | €134,256 | €254,391 | +€120,135 | +89.5% |
| Cash at bank and in hand | 54/58 | €100,082 | €277,179 | +€177,097 | +177.0% |
| Total equity and liabilities | 10/49 | €420,152 | €531,570 | +€111,419 | +26.5% |
| Equity | 10/15 | €402,175 | €499,073 | +€96,898 | +24.1% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Capital | 10 | €396,630 | €396,630 | = | 0.0% |
| Issued capital | 100 | €396,630 | €396,630 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,455 | €67,443 | +€96,898 | |
| Amounts payable | 17/49 | €17,977 | €32,498 | +€14,521 | +80.8% |
| Amounts payable within one year | 42/48 | €17,977 | €32,498 | +€14,521 | +80.8% |
| Taxes, remuneration and social security | 45 | €227 | €14,747 | +€14,521 | +6408.3% |
| Taxes | 450/3 | €227 | €14,747 | +€14,521 | +6408.3% |
| Other amounts payable | 47/48 | €17,751 | €17,751 | = | 0.0% |
| Non-recurring operating income | 76A | - | €110,443 | +€110,443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,674 | - | -€11,674 | |
| Other operating charges | 640/8 | €1,440 | €1,485 | +€45 | +3.1% |
| Gross operating margin | 9900 | €7,072 | €112,734 | +€105,662 | +1494.1% |
| Operating profit (loss) | 9901 | -€6,042 | €111,249 | +€117,291 | |
| Financial income | 75/76B | €146 | €0 | -€146 | -99.8% |
| Recurring financial income | 75 | €146 | €0 | -€146 | -99.8% |
| Financial charges | 65/66B | €2,798 | - | -€2,798 | |
| Recurring financial charges | 65 | €2,798 | - | -€2,798 | |
| Profit (loss) for the period before taxes | 9903 | -€8,694 | €111,250 | +€119,944 | |
| Income taxes | 67/77 | €44 | €14,352 | +€14,308 | +32591.5% |
| Profit (loss) for the period | 9904 | -€8,738 | €96,898 | +€105,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,738 | €96,898 | +€105,636 |
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 7 October 2026 via checked.be.