GREJONCO: 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.
GREJONCO
Largest movements
- Current investments +€127,283
up €127,283 (+21.6%), from €588,910 to €716,193
- Cash -€107,894
down €107,894 (-83.3%), from €129,567 to €21,673
mainly Current investments (-€127,283) and Other debts (-€51,024)
- Reserves +€66,834
up €66,834 (+10.9%), from €611,442 to €678,276
- Other debts -€51,024
down €51,024 (-45.3%), from €112,631 to €61,606
- Gross operating margin +€4,517
up €4,517 (+6.0%), from €74,945 to €79,462
- Taxes +€1,171
up €1,171 (+5.1%), from €22,820 to €23,991
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 | €740,370 | €758,002 | +€17,632 | +2.4% |
| Fixed assets | 21/28 | €3,550 | €2,297 | -€1,253 | -35.3% |
| Tangible fixed assets | 22/27 | €3,550 | €2,297 | -€1,253 | -35.3% |
| Furniture and vehicles | 24 | €3,550 | €2,297 | -€1,253 | -35.3% |
| Current assets | 29/58 | €736,820 | €755,705 | +€18,885 | +2.6% |
| Amounts receivable within one year | 40/41 | €17,520 | €17,817 | +€296 | +1.7% |
| Trade receivables | 40 | €14,648 | €14,945 | +€296 | +2.0% |
| Other amounts receivable | 41 | €2,872 | €2,872 | = | 0.0% |
| Current investments | 50/53 | €588,910 | €716,193 | +€127,283 | +21.6% |
| Cash at bank and in hand | 54/58 | €129,567 | €21,673 | -€107,894 | -83.3% |
| Deferred charges and accrued income | 490/1 | €823 | €22 | -€800 | -97.3% |
| Total equity and liabilities | 10/49 | €740,370 | €758,002 | +€17,632 | +2.4% |
| Equity | 10/15 | €623,842 | €690,676 | +€66,834 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €611,442 | €678,276 | +€66,834 | +10.9% |
| Distributable reserves | 133 | €611,442 | €678,276 | +€66,834 | +10.9% |
| Amounts payable | 17/49 | €116,528 | €67,326 | -€49,201 | -42.2% |
| Amounts payable within one year | 42/48 | €116,281 | €67,319 | -€48,961 | -42.1% |
| Trade debts | 44 | €174 | €454 | +€280 | +161.6% |
| Suppliers | 440/4 | €174 | €454 | +€280 | +161.6% |
| Taxes, remuneration and social security | 45 | €3,477 | €5,259 | +€1,782 | +51.3% |
| Taxes | 450/3 | €3,477 | €5,259 | +€1,782 | +51.3% |
| Other amounts payable | 47/48 | €112,631 | €61,606 | -€51,024 | -45.3% |
| Accrued charges and deferred income | 492/3 | €247 | €7 | -€240 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €1,253 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €74,945 | €79,462 | +€4,517 | +6.0% |
| Operating profit (loss) | 9901 | €73,567 | €78,081 | +€4,515 | +6.1% |
| Financial income | 75/76B | €20,641 | €21,029 | +€389 | +1.9% |
| Recurring financial income | 75 | €20,641 | €21,029 | +€389 | +1.9% |
| Financial charges | 65/66B | €8,935 | €8,286 | -€649 | -7.3% |
| Recurring financial charges | 65 | €8,935 | €8,286 | -€649 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €85,272 | €90,825 | +€5,552 | +6.5% |
| Income taxes | 67/77 | €22,820 | €23,991 | +€1,171 | +5.1% |
| Profit (loss) for the period | 9904 | €62,452 | €66,834 | +€4,381 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,452 | €66,834 | +€4,381 | +7.0% |
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 8 October 2026 via checked.be.