GREPOL: 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.
GREPOL
Largest movements
- Tangible fixed assets -€80,938
down €80,938 (-3.6%), from €2.2m to €2.2m
of which Land and buildings: -€80,124
- Debts after one year -€153,392
down €153,392 (-92.1%), from €166,512 to €13,120
- Profit (loss) carried forward +€56,932
up €56,932 (+8.6%), from €659,878 to €716,810
- Financial charges -€7,514
down €7,514 (-22.9%), from €32,862 to €25,348
- Other operating charges +€6,120
up €6,120 (+53.8%), from €11,383 to €17,503
- Gross operating margin -€4,349
down €4,349 (-2.1%), from €204,416 to €200,068
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 | €2,433,567 | €2,366,060 | -€67,507 | -2.8% |
| Fixed assets | 21/28 | €2,242,781 | €2,161,843 | -€80,938 | -3.6% |
| Tangible fixed assets | 22/27 | €2,242,781 | €2,161,843 | -€80,938 | -3.6% |
| Land and buildings | 22 | €2,239,188 | €2,159,064 | -€80,124 | -3.6% |
| Plant, machinery and equipment | 23 | €3,472 | €2,779 | -€692 | -19.9% |
| Furniture and vehicles | 24 | €122 | - | -€122 | |
| Current assets | 29/58 | €190,785 | €204,217 | +€13,431 | +7.0% |
| Amounts receivable within one year | 40/41 | €162,799 | €163,505 | +€707 | +0.4% |
| Other amounts receivable | 41 | €162,799 | €163,505 | +€707 | +0.4% |
| Cash at bank and in hand | 54/58 | €22,408 | €35,776 | +€13,368 | +59.7% |
| Deferred charges and accrued income | 490/1 | €5,579 | €4,935 | -€644 | -11.5% |
| Total equity and liabilities | 10/49 | €2,433,567 | €2,366,060 | -€67,507 | -2.8% |
| Equity | 10/15 | €1,594,994 | €1,651,926 | +€56,932 | +3.6% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €85,116 | €85,116 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €85,000 | €85,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €116 | €116 | = | 0.0% |
| Profit (loss) carried forward | 14 | €659,878 | €716,810 | +€56,932 | +8.6% |
| Amounts payable | 17/49 | €838,573 | €714,134 | -€124,438 | -14.8% |
| Amounts payable after more than one year | 17 | €166,512 | €13,120 | -€153,392 | -92.1% |
| Financial debts | 170/4 | €166,512 | €13,120 | -€153,392 | -92.1% |
| Amounts payable within one year | 42/48 | €538,101 | €552,156 | +€14,055 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €147,408 | €153,392 | +€5,984 | +4.1% |
| Trade debts | 44 | €143 | €12,154 | +€12,011 | +8372.7% |
| Suppliers | 440/4 | €143 | €12,154 | +€12,011 | +8372.7% |
| Taxes, remuneration and social security | 45 | €8,011 | €4,071 | -€3,940 | -49.2% |
| Taxes | 450/3 | €8,011 | €4,071 | -€3,940 | -49.2% |
| Other amounts payable | 47/48 | €382,538 | €382,538 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €133,959 | €148,859 | +€14,899 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,667 | €80,938 | -€729 | -0.9% |
| Other operating charges | 640/8 | €11,383 | €17,503 | +€6,120 | +53.8% |
| Gross operating margin | 9900 | €204,416 | €200,068 | -€4,349 | -2.1% |
| Operating profit (loss) | 9901 | €111,367 | €101,627 | -€9,740 | -8.7% |
| Financial income | 75/76B | €2 | €5 | +€3 | +221.2% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +221.2% |
| Financial charges | 65/66B | €32,862 | €25,348 | -€7,514 | -22.9% |
| Recurring financial charges | 65 | €32,862 | €25,348 | -€7,514 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €78,507 | €76,284 | -€2,223 | -2.8% |
| Income taxes | 67/77 | €20,247 | €19,352 | -€895 | -4.4% |
| Profit (loss) for the period | 9904 | €58,260 | €56,932 | -€1,328 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,260 | €56,932 | -€1,328 | -2.3% |
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 28 September 2026 via checked.be.