GREPIA: 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.
GREPIA
Largest movements
- Intangible fixed assets -€59,904
down €59,904 (-25.5%), from €234,765 to €174,861
- Tangible fixed assets +€33,475
up €33,475 (+25.1%), from €133,499 to €166,974
of which Furniture and vehicles: +€36,505
- Debts after one year -€83,607
down €83,607 (-31.5%), from €265,153 to €181,547
- Reserves +€39,377
up €39,377 (+19.1%), from €205,750 to €245,127
of which Distributable reserves: +€39,377
- Tax, wage and social debts +€10,761
up €10,761 (+22.1%), from €48,601 to €59,362
of which Taxes: +€10,431
- Trade debts +€9,779
up €9,779 (+37.8%), from €25,842 to €35,621
- Gross operating margin +€17,340
up €17,340 (+5.8%), from €297,413 to €314,754
- Depreciation -€16,123
down €16,123 (-13.5%), from €119,772 to €103,649
- Taxes +€10,051
up €10,051 (+58.8%), from €17,094 to €27,145
- Staff costs +€4,567
up €4,567 (+3.6%), from €127,938 to €132,505
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 | €844,795 | €823,012 | -€21,782 | -2.6% |
| Fixed assets | 21/28 | €368,264 | €341,835 | -€26,428 | -7.2% |
| Intangible fixed assets | 21 | €234,765 | €174,861 | -€59,904 | -25.5% |
| Tangible fixed assets | 22/27 | €133,499 | €166,974 | +€33,475 | +25.1% |
| Land and buildings | 22 | €66,384 | €63,554 | -€2,830 | -4.3% |
| Plant, machinery and equipment | 23 | €422 | €222 | -€200 | -47.3% |
| Furniture and vehicles | 24 | €66,693 | €103,198 | +€36,505 | +54.7% |
| Current assets | 29/58 | €476,531 | €481,177 | +€4,646 | +1.0% |
| Amounts receivable within one year | 40/41 | €225,313 | €219,503 | -€5,811 | -2.6% |
| Trade receivables | 40 | €675 | €675 | = | 0.0% |
| Other amounts receivable | 41 | €224,638 | €218,828 | -€5,811 | -2.6% |
| Cash at bank and in hand | 54/58 | €248,481 | €255,223 | +€6,742 | +2.7% |
| Deferred charges and accrued income | 490/1 | €2,736 | €6,451 | +€3,715 | +136% |
| Total equity and liabilities | 10/49 | €844,795 | €823,012 | -€21,782 | -2.6% |
| Equity | 10/15 | €211,950 | €251,327 | +€39,377 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €205,750 | €245,127 | +€39,377 | +19.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,500 | €29,500 | = | 0.0% |
| Distributable reserves | 133 | €174,390 | €213,767 | +€39,377 | +22.6% |
| Amounts payable | 17/49 | €632,845 | €571,685 | -€61,160 | -9.7% |
| Amounts payable after more than one year | 17 | €265,153 | €181,547 | -€83,607 | -31.5% |
| Financial debts | 170/4 | €265,153 | €181,547 | -€83,607 | -31.5% |
| Amounts payable within one year | 42/48 | €317,263 | €336,567 | +€19,304 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €107,659 | €112,810 | +€5,151 | +4.8% |
| Trade debts | 44 | €25,842 | €35,621 | +€9,779 | +37.8% |
| Suppliers | 440/4 | €25,842 | €35,621 | +€9,779 | +37.8% |
| Taxes, remuneration and social security | 45 | €48,601 | €59,362 | +€10,761 | +22.1% |
| Taxes | 450/3 | €13,170 | €23,600 | +€10,431 | +79.2% |
| Remuneration and social security | 454/9 | €35,431 | €35,762 | +€330 | +0.9% |
| Other amounts payable | 47/48 | €135,161 | €128,774 | -€6,387 | -4.7% |
| Accrued charges and deferred income | 492/3 | €50,428 | €53,571 | +€3,143 | +6.2% |
| Remuneration, social security and pensions | 62 | €127,938 | €132,505 | +€4,567 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,772 | €103,649 | -€16,123 | -13.5% |
| Other operating charges | 640/8 | €7,397 | €7,899 | +€502 | +6.8% |
| Gross operating margin | 9900 | €297,413 | €314,754 | +€17,340 | +5.8% |
| Operating profit (loss) | 9901 | €42,306 | €70,701 | +€28,394 | +67.1% |
| Financial income | 75/76B | €680 | €1,479 | +€799 | +117% |
| Recurring financial income | 75 | €680 | €1,479 | +€799 | +117% |
| Financial charges | 65/66B | €6,321 | €5,657 | -€664 | -10.5% |
| Recurring financial charges | 65 | €6,321 | €5,657 | -€664 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €36,666 | €66,523 | +€29,857 | +81.4% |
| Income taxes | 67/77 | €17,094 | €27,145 | +€10,051 | +58.8% |
| Profit (loss) for the period | 9904 | €19,572 | €39,377 | +€19,806 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €19,572 | €39,377 | +€19,806 | +101% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.