GRASLEI: 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.
GRASLEI
Largest movements
- Cash +€22,228
up €22,228 (+64.7%), from €34,379 to €56,607
mainly Current investments (+€20,021) and Receivables after one year (+€10,000)
- Current investments -€20,021
down €20,021 (-100.0%), from €20,021 to €0
- Receivables after one year -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Receivables within one year -€4,132
down €4,132 (-65.6%), from €6,299 to €2,167
of which Trade receivables: -€4,435
- Tangible fixed assets -€2,335
down €2,335 (-52.1%), from €4,481 to €2,145
of which Land and buildings: -€1,270
- Other debts -€12,630
down €12,630 (-83.7%), from €15,096 to €2,466
- Tax, wage and social debts -€4,252
down €4,252 (-21.7%), from €19,554 to €15,303
of which Taxes: -€5,268
- Trade debts +€3,691
up €3,691 (+40.1%), from €9,201 to €12,892
- Current portion of long-term debt -€3,189
down €3,189 (-56.9%), from €5,601 to €2,412
- Debts after one year -€2,412
down €2,412 (-100.0%), from €2,412 to €0
- Depreciation -€4,328
down €4,328 (-61.9%), from €6,993 to €2,665
- Taxes +€1,509
up €1,509 (+411.4%), from €367 to €1,875
- Financial income -€1,498
down €1,498 (-75.7%), from €1,978 to €480
- Gross operating margin +€1,238
up €1,238 (+2.8%), from €44,232 to €45,470
- Staff costs -€1,045
down €1,045 (-3.1%), from €33,677 to €32,631
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 | €137,965 | €120,480 | -€17,485 | -12.7% |
| Fixed assets | 21/28 | €5,024 | €2,359 | -€2,665 | -53.0% |
| Intangible fixed assets | 21 | €494 | €164 | -€330 | -66.9% |
| Tangible fixed assets | 22/27 | €4,481 | €2,145 | -€2,335 | -52.1% |
| Land and buildings | 22 | €1,270 | €0 | -€1,270 | -100.0% |
| Furniture and vehicles | 24 | €3,211 | €2,145 | -€1,065 | -33.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €132,941 | €118,121 | -€14,820 | -11.1% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100.0% |
| Trade receivables | 290 | €10,000 | €0 | -€10,000 | -100.0% |
| Stocks and contracts in progress | 3 | €59,520 | €57,993 | -€1,527 | -2.6% |
| Stocks | 30/36 | €59,520 | €57,993 | -€1,527 | -2.6% |
| Amounts receivable within one year | 40/41 | €6,299 | €2,167 | -€4,132 | -65.6% |
| Trade receivables | 40 | €6,295 | €1,860 | -€4,435 | -70.5% |
| Other amounts receivable | 41 | €4 | €307 | +€302 | +7377.8% |
| Current investments | 50/53 | €20,021 | €0 | -€20,021 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,379 | €56,607 | +€22,228 | +64.7% |
| Deferred charges and accrued income | 490/1 | €2,722 | €1,354 | -€1,367 | -50.2% |
| Total equity and liabilities | 10/49 | €137,965 | €120,480 | -€17,485 | -12.7% |
| Equity | 10/15 | €85,236 | €87,355 | +€2,119 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,236 | €67,355 | +€2,119 | +3.2% |
| Tax-exempt reserves | 132 | €1,864 | €1,864 | = | 0.0% |
| Distributable reserves | 133 | €63,372 | €65,491 | +€2,119 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,729 | €33,125 | -€19,604 | -37.2% |
| Amounts payable after more than one year | 17 | €2,412 | €0 | -€2,412 | -100.0% |
| Financial debts | 170/4 | €2,412 | €0 | -€2,412 | -100.0% |
| Amounts payable within one year | 42/48 | €50,318 | €33,125 | -€17,192 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €5,601 | €2,412 | -€3,189 | -56.9% |
| Financial debts | 43 | €865 | €53 | -€812 | -93.9% |
| Credit institutions | 430/8 | €865 | €53 | -€812 | -93.9% |
| Trade debts | 44 | €9,201 | €12,892 | +€3,691 | +40.1% |
| Suppliers | 440/4 | €9,201 | €12,892 | +€3,691 | +40.1% |
| Taxes, remuneration and social security | 45 | €19,554 | €15,303 | -€4,252 | -21.7% |
| Taxes | 450/3 | €10,964 | €5,696 | -€5,268 | -48.1% |
| Remuneration and social security | 454/9 | €8,590 | €9,607 | +€1,017 | +11.8% |
| Other amounts payable | 47/48 | €15,096 | €2,466 | -€12,630 | -83.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33,677 | €32,631 | -€1,045 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,993 | €2,665 | -€4,328 | -61.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€285 | €266 | +€550 | |
| Other operating charges | 640/8 | €827 | €867 | +€40 | +4.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €44,232 | €45,470 | +€1,238 | +2.8% |
| Operating profit (loss) | 9901 | €3,020 | €9,041 | +€6,021 | +199.4% |
| Financial income | 75/76B | €1,978 | €480 | -€1,498 | -75.7% |
| Recurring financial income | 75 | €1,978 | €480 | -€1,498 | -75.7% |
| Financial charges | 65/66B | €2,306 | €3,061 | +€755 | +32.7% |
| Recurring financial charges | 65 | €2,306 | €3,061 | +€755 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €2,691 | €6,460 | +€3,769 | +140.0% |
| Income taxes | 67/77 | €367 | €1,875 | +€1,509 | +411.4% |
| Profit (loss) for the period | 9904 | €2,324 | €4,584 | +€2,260 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,324 | €4,584 | +€2,260 | +97.2% |
Source: filed annual accounts (NBB), fiscal 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.