GRASLEI 15: 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.
GRASLEI 15
Largest movements
- Tangible fixed assets +€195,788
up €195,788 (+10.8%), from €1.8m to €2.0m
of which Land and buildings: +€186,885
- Other debts +€172,217
up €172,217 (+18.6%), from €928,049 to €1.1m
- Profit (loss) carried forward -€72,024
down €72,024 (-16.4%), from -€439,143 to -€511,167
- Debts after one year +€56,251
up €56,251 (+5.0%), from €1.1m to €1.2m
- Short-term financial debts +€43,877
up €43,877 (+63.5%), from €69,109 to €112,986
- Financial charges +€17,678
up €17,678 (+43.7%), from €40,474 to €58,152
- Gross operating margin +€4,872
up €4,872 (+30.0%), from -€16,241 to -€11,369
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 | €1,821,815 | €2,018,328 | +€196,513 | +10.8% |
| Fixed assets | 21/28 | €1,815,592 | €2,011,380 | +€195,788 | +10.8% |
| Tangible fixed assets | 22/27 | €1,815,592 | €2,011,380 | +€195,788 | +10.8% |
| Land and buildings | 22 | €1,815,592 | €2,002,477 | +€186,885 | +10.3% |
| Plant, machinery and equipment | 23 | - | €8,903 | +€8,903 | |
| Current assets | 29/58 | €6,223 | €6,948 | +€725 | +11.7% |
| Amounts receivable within one year | 40/41 | €5,720 | €3,698 | -€2,022 | -35.3% |
| Other amounts receivable | 41 | €5,720 | €3,698 | -€2,022 | -35.3% |
| Cash at bank and in hand | 54/58 | €503 | €3,250 | +€2,747 | +546% |
| Total equity and liabilities | 10/49 | €1,821,815 | €2,018,328 | +€196,513 | +10.8% |
| Equity | 10/15 | -€434,143 | -€506,167 | -€72,024 | -16.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€439,143 | -€511,167 | -€72,024 | -16.4% |
| Amounts payable | 17/49 | €2,255,958 | €2,524,495 | +€268,537 | +11.9% |
| Amounts payable after more than one year | 17 | €1,134,798 | €1,191,049 | +€56,251 | +5.0% |
| Financial debts | 170/4 | €1,134,798 | €1,191,049 | +€56,251 | +5.0% |
| Amounts payable within one year | 42/48 | €1,112,393 | €1,325,949 | +€213,556 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €81,536 | €70,848 | -€10,688 | -13.1% |
| Financial debts | 43 | €69,109 | €112,986 | +€43,877 | +63.5% |
| Credit institutions | 430/8 | €69,109 | €112,986 | +€43,877 | +63.5% |
| Trade debts | 44 | €33,699 | €41,849 | +€8,150 | +24.2% |
| Suppliers | 440/4 | €33,699 | €41,849 | +€8,150 | +24.2% |
| Other amounts payable | 47/48 | €928,049 | €1,100,266 | +€172,217 | +18.6% |
| Accrued charges and deferred income | 492/3 | €8,767 | €7,497 | -€1,270 | -14.5% |
| Other operating charges | 640/8 | €2,450 | €2,527 | +€77 | +3.1% |
| Gross operating margin | 9900 | -€16,241 | -€11,369 | +€4,872 | +30.0% |
| Operating profit (loss) | 9901 | -€18,691 | -€13,896 | +€4,795 | +25.7% |
| Financial income | 75/76B | €80 | - | -€80 | |
| Recurring financial income | 75 | €80 | - | -€80 | |
| Financial charges | 65/66B | €40,474 | €58,152 | +€17,678 | +43.7% |
| Recurring financial charges | 65 | €40,474 | €58,152 | +€17,678 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | -€59,085 | -€72,048 | -€12,963 | -21.9% |
| Income taxes | 67/77 | €24 | -€24 | -€48 | |
| Profit (loss) for the period | 9904 | -€59,109 | -€72,024 | -€12,915 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,109 | -€72,024 | -€12,915 | -21.8% |
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 23 October 2026 via checked.be.