GREISCH ASSOCIES: what changed
GREISCH ASSOCIES
Largest movements
- Financial fixed assets +€309,737
up €309,737 (+11.9%), from €2.6m to €2.9m
- Deferred charges and accrued income -€94,930
down €94,930 (-20.4%), from €466,113 to €371,182
- Cash +€67,089
up €67,089 (+2,598%), from €2,582 to €69,671
mainly Net result for the year (+€366,243) and Other debts (+€243,421)
- Receivables within one year -€42,624
down €42,624 (-84.2%), from €50,616 to €7,992
- Other debts +€243,421
up €243,421 (+7.8%), from €3.1m to €3.4m
- Financial income -€94,927
down €94,927 (-20.4%), from €465,550 to €370,623
- Gross operating margin -€9,607
down €9,607, from €6,213 to -€3,394
- Purchases and services +€1,615
up €1,615 (+90.8%), from €1,779 to €3,394
- Depreciation -€147
down €147 (-46.1%), from €320 to €173
- Financial charges +€140
up €140 (+30.9%), from €453 to €593
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,131,695 | €3,370,794 | +€239,099 | +7.6% |
| Formation expenses | 20 | €333 | €160 | -€173 | -51.9% |
| Fixed assets | 21/28 | €2,612,052 | €2,921,789 | +€309,737 | +11.9% |
| Financial fixed assets | 28 | €2,612,052 | €2,921,789 | +€309,737 | +11.9% |
| Current assets | 29/58 | €519,311 | €448,845 | -€70,466 | -13.6% |
| Amounts receivable within one year | 40/41 | €50,616 | €7,992 | -€42,624 | -84.2% |
| Other amounts receivable | 41 | €50,616 | €7,992 | -€42,624 | -84.2% |
| Cash at bank and in hand | 54/58 | €2,582 | €69,671 | +€67,089 | +2,598% |
| Deferred charges and accrued income | 490/1 | €466,113 | €371,182 | -€94,930 | -20.4% |
| Total equity and liabilities | 10/49 | €3,131,695 | €3,370,794 | +€239,099 | +7.6% |
| Equity | 10/15 | €9,093 | €4,771 | -€4,322 | -47.5% |
| Contributions | 10/11 | €290 | €345 | +€55 | +19.0% |
| Profit (loss) carried forward | 14 | €8,803 | €4,426 | -€4,377 | -49.7% |
| Amounts payable | 17/49 | €3,122,602 | €3,366,023 | +€243,421 | +7.8% |
| Amounts payable within one year | 42/48 | €3,122,602 | €3,366,023 | +€243,421 | +7.8% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €3,122,602 | €3,366,023 | +€243,421 | +7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,779 | €3,394 | +€1,615 | +90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320 | €173 | -€147 | -46.1% |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Gross operating margin | 9900 | €6,213 | -€3,394 | -€9,607 | |
| Operating profit (loss) | 9901 | €5,673 | -€3,787 | -€9,460 | |
| Financial income | 75/76B | €465,550 | €370,623 | -€94,927 | -20.4% |
| Recurring financial income | 75 | €465,550 | €370,623 | -€94,927 | -20.4% |
| Financial charges | 65/66B | €453 | €593 | +€140 | +30.9% |
| Recurring financial charges | 65 | €453 | €593 | +€140 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €470,770 | €366,243 | -€104,527 | -22.2% |
| Profit (loss) for the period | 9904 | €470,770 | €366,243 | -€104,527 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €470,770 | €366,243 | -€104,527 | -22.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.