GREJUS: 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.
GREJUS
Largest movements
- Tangible fixed assets -€35,137
down €35,137 (-4.1%), from €861,644 to €826,506
of which Land and buildings: -€34,001
- Cash +€21,695
up €21,695 (+26.6%), from €81,626 to €103,321
mainly Depreciation (+€35,137) and Tax, wage and social debts (+€2,534)
- Reserves -€14,111
down €14,111 (-2.2%), from €637,300 to €623,189
of which Distributable reserves: -€14,111
- Depreciation -€3,008
down €3,008 (-7.9%), from €38,145 to €35,137
- Gross operating margin -€1,829
down €1,829 (-7.0%), from €26,177 to €24,348
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 | €955,758 | €944,456 | -€11,302 | -1.2% |
| Fixed assets | 21/28 | €861,644 | €826,506 | -€35,137 | -4.1% |
| Tangible fixed assets | 22/27 | €861,644 | €826,506 | -€35,137 | -4.1% |
| Land and buildings | 22 | €859,917 | €825,916 | -€34,001 | -4.0% |
| Plant, machinery and equipment | 23 | €1,347 | €591 | -€756 | -56.2% |
| Other tangible fixed assets | 26 | €380 | €0 | -€380 | -100.0% |
| Current assets | 29/58 | €94,114 | €117,950 | +€23,836 | +25.3% |
| Amounts receivable within one year | 40/41 | €7,448 | €10,139 | +€2,691 | +36.1% |
| Trade receivables | 40 | €7,448 | €10,139 | +€2,691 | +36.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €81,626 | €103,321 | +€21,695 | +26.6% |
| Deferred charges and accrued income | 490/1 | €5,040 | €4,490 | -€551 | -10.9% |
| Total equity and liabilities | 10/49 | €955,758 | €944,456 | -€11,302 | -1.2% |
| Equity | 10/15 | €947,200 | €933,089 | -€14,111 | -1.5% |
| Contributions | 10/11 | €309,900 | €309,900 | = | 0.0% |
| Capital | 10 | €309,900 | €309,900 | = | 0.0% |
| Issued capital | 100 | €309,900 | €309,900 | = | 0.0% |
| Reserves | 13 | €637,300 | €623,189 | -€14,111 | -2.2% |
| Non-distributable reserves | 130/1 | €30,990 | €30,990 | = | 0.0% |
| Legal reserve | 130 | €30,990 | €30,990 | = | 0.0% |
| Tax-exempt reserves | 132 | €75 | €75 | = | 0.0% |
| Distributable reserves | 133 | €606,234 | €592,124 | -€14,111 | -2.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,558 | €11,367 | +€2,809 | +32.8% |
| Amounts payable within one year | 42/48 | €7,482 | €10,273 | +€2,791 | +37.3% |
| Trade debts | 44 | €0 | €210 | +€210 | |
| Suppliers | 440/4 | €0 | €210 | +€210 | |
| Taxes, remuneration and social security | 45 | €6,299 | €8,832 | +€2,534 | +40.2% |
| Taxes | 450/3 | €3,679 | €6,212 | +€2,534 | +68.9% |
| Remuneration and social security | 454/9 | €2,620 | €2,620 | = | 0.0% |
| Other amounts payable | 47/48 | €1,183 | €1,230 | +€47 | +4.0% |
| Accrued charges and deferred income | 492/3 | €1,077 | €1,095 | +€18 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,145 | €35,137 | -€3,008 | -7.9% |
| Other operating charges | 640/8 | €3,088 | €3,165 | +€77 | +2.5% |
| Gross operating margin | 9900 | €26,177 | €24,348 | -€1,829 | -7.0% |
| Operating profit (loss) | 9901 | -€15,056 | -€13,955 | +€1,101 | +7.3% |
| Financial charges | 65/66B | €141 | €156 | +€15 | +10.6% |
| Recurring financial charges | 65 | €141 | €156 | +€15 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,197 | -€14,111 | +€1,086 | +7.1% |
| Profit (loss) for the period | 9904 | -€15,197 | -€14,111 | +€1,086 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,197 | -€14,111 | +€1,086 | +7.1% |
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 9 October 2026 via checked.be.