GREFIKA: 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.
GREFIKA
Largest movements
- Tangible fixed assets -€32,772
down €32,772 (-6.8%), from €482,771 to €449,999
- Other debts -€26,118
down €26,118 (-43.8%), from €59,580 to €33,462
- Profit (loss) carried forward -€6,673
down €6,673 (-6.2%), from -€108,263 to -€114,936
- Gross operating margin -€16,878
down €16,878 (-33.4%), from €50,566 to €33,688
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 | €490,207 | €454,343 | -€35,863 | -7.3% |
| Fixed assets | 21/28 | €482,771 | €449,999 | -€32,772 | -6.8% |
| Tangible fixed assets | 22/27 | €482,771 | €449,999 | -€32,772 | -6.8% |
| Land and buildings | 22 | €482,771 | €449,999 | -€32,772 | -6.8% |
| Current assets | 29/58 | €7,435 | €4,344 | -€3,091 | -41.6% |
| Cash at bank and in hand | 54/58 | €7,073 | €3,987 | -€3,086 | -43.6% |
| Deferred charges and accrued income | 490/1 | €362 | €357 | -€5 | -1.3% |
| Total equity and liabilities | 10/49 | €490,207 | €454,343 | -€35,863 | -7.3% |
| Equity | 10/15 | €403,495 | €396,821 | -€6,673 | -1.7% |
| Contributions | 10/11 | €346,000 | €346,000 | = | 0.0% |
| Capital | 10 | €346,000 | €346,000 | = | 0.0% |
| Issued capital | 100 | €346,000 | €346,000 | = | 0.0% |
| Reserves | 13 | €165,757 | €165,757 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €149,757 | €149,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,263 | -€114,936 | -€6,673 | -6.2% |
| Amounts payable | 17/49 | €86,712 | €57,522 | -€29,190 | -33.7% |
| Amounts payable within one year | 42/48 | €81,337 | €55,194 | -€26,143 | -32.1% |
| Financial debts | 43 | €21,732 | €21,732 | = | 0.0% |
| Other loans | 439 | €21,732 | €21,732 | = | 0.0% |
| Trade debts | 44 | €25 | €0 | -€25 | -100.0% |
| Suppliers | 440/4 | €25 | €0 | -€25 | -100.0% |
| Other amounts payable | 47/48 | €59,580 | €33,462 | -€26,118 | -43.8% |
| Accrued charges and deferred income | 492/3 | €5,375 | €2,329 | -€3,047 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,172 | €32,772 | -€400 | -1.2% |
| Other operating charges | 640/8 | €7,381 | €6,910 | -€470 | -6.4% |
| Gross operating margin | 9900 | €50,566 | €33,688 | -€16,878 | -33.4% |
| Operating profit (loss) | 9901 | €10,013 | -€5,994 | -€16,007 | |
| Financial charges | 65/66B | €750 | €679 | -€71 | -9.4% |
| Recurring financial charges | 65 | €750 | €679 | -€71 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €9,263 | -€6,673 | -€15,937 | |
| Profit (loss) for the period | 9904 | €9,263 | -€6,673 | -€15,937 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,263 | -€6,673 | -€15,937 |
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 2 October 2026 via checked.be.