GREPINVEST: 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.
GREPINVEST
Largest movements
- Tangible fixed assets -€7,193
down €7,193 (-3.3%), from €219,220 to €212,028
- Debts after one year -€22,650
down €22,650 (-10.6%), from €214,192 to €191,542
- Profit (loss) carried forward +€12,984
up €12,984, from -€7,711 to €5,273
- Taxes +€1,934
new in 2025: €1,934
- Gross operating margin +€914
up €914 (+3.6%), from €25,542 to €26,456
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 | €232,766 | €226,376 | -€6,390 | -2.7% |
| Fixed assets | 21/28 | €219,220 | €212,028 | -€7,193 | -3.3% |
| Tangible fixed assets | 22/27 | €219,220 | €212,028 | -€7,193 | -3.3% |
| Land and buildings | 22 | €219,220 | €212,028 | -€7,193 | -3.3% |
| Current assets | 29/58 | €13,545 | €14,349 | +€803 | +5.9% |
| Cash at bank and in hand | 54/58 | €13,545 | €13,162 | -€383 | -2.8% |
| Deferred charges and accrued income | 490/1 | - | €1,186 | +€1,186 | |
| Total equity and liabilities | 10/49 | €232,766 | €226,376 | -€6,390 | -2.7% |
| Equity | 10/15 | €2,321 | €15,305 | +€12,984 | +559% |
| Contributions | 10/11 | €10,032 | €10,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,711 | €5,273 | +€12,984 | |
| Amounts payable | 17/49 | €230,445 | €211,072 | -€19,373 | -8.4% |
| Amounts payable after more than one year | 17 | €214,192 | €191,542 | -€22,650 | -10.6% |
| Financial debts | 170/4 | €214,192 | €191,542 | -€22,650 | -10.6% |
| Amounts payable within one year | 42/48 | €14,282 | €16,410 | +€2,129 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €12,455 | €12,650 | +€195 | +1.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €1,934 | +€1,934 | |
| Taxes | 450/3 | - | €1,934 | +€1,934 | |
| Other amounts payable | 47/48 | €1,826 | €1,826 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,971 | €3,119 | +€1,148 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,193 | €7,193 | = | 0.0% |
| Other operating charges | 640/8 | €397 | €400 | +€3 | +0.6% |
| Gross operating margin | 9900 | €25,542 | €26,456 | +€914 | +3.6% |
| Operating profit (loss) | 9901 | €17,952 | €18,864 | +€912 | +5.1% |
| Financial charges | 65/66B | €4,167 | €3,946 | -€221 | -5.3% |
| Recurring financial charges | 65 | €4,167 | €3,946 | -€221 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €13,785 | €14,918 | +€1,132 | +8.2% |
| Income taxes | 67/77 | - | €1,934 | +€1,934 | |
| Profit (loss) for the period | 9904 | €13,785 | €12,984 | -€801 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,785 | €12,984 | -€801 | -5.8% |
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 19 October 2026 via checked.be.