GRENEZ Event: 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.
GRENEZ Event
Largest movements
- Cash +€130,126
up €130,126 (+867%), from €15,013 to €145,140
mainly Investment in fixed assets (net) (+€78,071) and Net result for the year (+€75,155)
- Tangible fixed assets -€78,071
down €78,071 (-100%), from €78,071 to €0
- Profit (loss) carried forward +€75,155
up €75,155 (+69.4%), from -€108,285 to -€33,130
- Debts after one year -€17,000
down €17,000 (-10.0%), from €170,000 to €153,000
- Tax, wage and social debts -€2,143
down €2,143 (-78.1%), from €2,744 to €602
- Other debts -€1,848
down €1,848 (-74.1%), from €2,493 to €645
- Gross operating margin +€66,650
up €66,650 (+638%), from €10,448 to €77,098
- Depreciation -€2,951
down €2,951 (-100%), from €2,951 to €0
- Write-downs -€2,053
down €2,053 (-100%), from €2,053 to €0
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 | €93,259 | €146,773 | +€53,514 | +57.4% |
| Fixed assets | 21/28 | €78,071 | €0 | -€78,071 | -100% |
| Tangible fixed assets | 22/27 | €78,071 | €0 | -€78,071 | -100% |
| Land and buildings | 22 | €78,071 | €0 | -€78,071 | -100% |
| Current assets | 29/58 | €15,188 | €146,773 | +€131,585 | +866% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €726 | +€726 | |
| Trade receivables | 40 | €0 | €726 | +€726 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €15,013 | €145,140 | +€130,126 | +867% |
| Deferred charges and accrued income | 490/1 | €175 | €907 | +€732 | +419% |
| Total equity and liabilities | 10/49 | €93,259 | €146,773 | +€53,514 | +57.4% |
| Equity | 10/15 | -€89,685 | -€14,530 | +€75,155 | +83.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,285 | -€33,130 | +€75,155 | +69.4% |
| Amounts payable | 17/49 | €182,944 | €161,303 | -€21,641 | -11.8% |
| Amounts payable after more than one year | 17 | €170,000 | €153,000 | -€17,000 | -10.0% |
| Other amounts payable | 178/9 | €170,000 | €153,000 | -€17,000 | -10.0% |
| Amounts payable within one year | 42/48 | €12,944 | €8,303 | -€4,641 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,707 | €7,057 | -€650 | -8.4% |
| Suppliers | 440/4 | €7,707 | €7,057 | -€650 | -8.4% |
| Taxes, remuneration and social security | 45 | €2,744 | €602 | -€2,143 | -78.1% |
| Taxes | 450/3 | €2,744 | €602 | -€2,143 | -78.1% |
| Other amounts payable | 47/48 | €2,493 | €645 | -€1,848 | -74.1% |
| Non-recurring operating income | 76A | - | €61,929 | +€61,929 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,951 | €0 | -€2,951 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,053 | €0 | -€2,053 | -100% |
| Other operating charges | 640/8 | €1,738 | €1,213 | -€526 | -30.2% |
| Gross operating margin | 9900 | €10,448 | €77,098 | +€66,650 | +638% |
| Operating profit (loss) | 9901 | €3,706 | €75,885 | +€72,180 | +1,948% |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €305 | €608 | +€303 | +99.5% |
| Recurring financial charges | 65 | €305 | €608 | +€303 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €3,428 | €75,277 | +€71,849 | +2,096% |
| Income taxes | 67/77 | €94 | €122 | +€29 | +30.7% |
| Profit (loss) for the period | 9904 | €3,335 | €75,155 | +€71,820 | +2,154% |
| Profit (loss) for the period to be appropriated | 9905 | €3,335 | €75,155 | +€71,820 | +2,154% |
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 27 October 2026 via checked.be.