GRENIJAN: 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.
GRENIJAN
Largest movements
- Tangible fixed assets -€49,133
down €49,133 (-5.9%), from €837,290 to €788,157
- Debts after one year -€37,040
down €37,040 (-5.7%), from €649,470 to €612,430
- Trade debts -€11,023
no longer reported in 2025 (was €11,023)
- Depreciation +€3,710
up €3,710 (+6.1%), from €60,926 to €64,636
- Gross operating margin -€3,330
down €3,330 (-3.7%), from €90,299 to €86,969
- Taxes -€2,361
down €2,361 (-37.4%), from €6,309 to €3,948
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 | €892,925 | €853,322 | -€39,603 | -4.4% |
| Fixed assets | 21/28 | €838,190 | €789,057 | -€49,133 | -5.9% |
| Tangible fixed assets | 22/27 | €837,290 | €788,157 | -€49,133 | -5.9% |
| Land and buildings | 22 | €837,290 | €788,157 | -€49,133 | -5.9% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €54,736 | €64,265 | +€9,530 | +17.4% |
| Amounts receivable within one year | 40/41 | €1,191 | €4,052 | +€2,861 | +240.3% |
| Other amounts receivable | 41 | €1,191 | €4,052 | +€2,861 | +240.3% |
| Cash at bank and in hand | 54/58 | €50,676 | €57,225 | +€6,549 | +12.9% |
| Deferred charges and accrued income | 490/1 | €2,868 | €2,988 | +€119 | +4.2% |
| Total equity and liabilities | 10/49 | €892,925 | €853,322 | -€39,603 | -4.4% |
| Equity | 10/15 | €231,908 | €240,368 | +€8,459 | +3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €134,790 | €143,250 | +€8,459 | +6.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €128,590 | €137,050 | +€8,459 | +6.6% |
| Profit (loss) carried forward | 14 | €35,118 | €35,118 | = | 0.0% |
| Amounts payable | 17/49 | €661,017 | €612,955 | -€48,063 | -7.3% |
| Amounts payable after more than one year | 17 | €649,470 | €612,430 | -€37,040 | -5.7% |
| Other amounts payable | 178/9 | €649,470 | €612,430 | -€37,040 | -5.7% |
| Amounts payable within one year | 42/48 | €11,023 | - | -€11,023 | |
| Trade debts | 44 | €11,023 | - | -€11,023 | |
| Suppliers | 440/4 | €11,023 | - | -€11,023 | |
| Accrued charges and deferred income | 492/3 | €525 | €525 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,926 | €64,636 | +€3,710 | +6.1% |
| Other operating charges | 640/8 | €9,376 | €9,679 | +€303 | +3.2% |
| Gross operating margin | 9900 | €90,299 | €86,969 | -€3,330 | -3.7% |
| Operating profit (loss) | 9901 | €19,997 | €12,654 | -€7,343 | -36.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €168 | €248 | +€80 | +47.4% |
| Recurring financial charges | 65 | €168 | €248 | +€80 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €19,828 | €12,407 | -€7,421 | -37.4% |
| Income taxes | 67/77 | €6,309 | €3,948 | -€2,361 | -37.4% |
| Profit (loss) for the period | 9904 | €13,519 | €8,459 | -€5,060 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,519 | €8,459 | -€5,060 | -37.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.