GREVESSE: 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.
GREVESSE
Largest movements
- Cash +€23,494
up €23,494 (+340.8%), from €6,893 to €30,387
mainly Debts after one year (+€37,384) and Depreciation (+€14,077)
- Tangible fixed assets +€10,106
up €10,106 (+47.6%), from €21,228 to €31,335
of which Other tangible fixed assets: +€21,155
- Stocks and contracts +€4,026
up €4,026 (+9.5%), from €42,352 to €46,378
- Receivables within one year -€2,248
down €2,248 (-1.9%), from €117,182 to €114,933
of which Other amounts receivable: -€4,861
- Debts after one year +€37,384
up €37,384 (+706.8%), from €5,290 to €42,674
- Trade debts -€8,175
down €8,175 (-15.3%), from €53,547 to €45,372
- Short-term financial debts +€6,000
up €6,000 (+30.0%), from €20,000 to €26,000
- Gross operating margin +€3,022
up €3,022 (+5.5%), from €55,127 to €58,150
- Staff costs +€2,716
up €2,716 (+10.1%), from €27,006 to €29,722
- Taxes +€1,691
up €1,691 (+234.4%), from €721 to €2,412
- Other operating charges +€1,338
up €1,338 (+43.0%), from €3,112 to €4,450
- Financial charges +€1,198
up €1,198 (+16.7%), from €7,187 to €8,385
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 | €188,140 | €224,702 | +€36,562 | +19.4% |
| Fixed assets | 21/28 | €21,228 | €32,983 | +€11,755 | +55.4% |
| Intangible fixed assets | 21 | - | €1,649 | +€1,649 | |
| Tangible fixed assets | 22/27 | €21,228 | €31,335 | +€10,106 | +47.6% |
| Plant, machinery and equipment | 23 | €2,134 | €3,590 | +€1,456 | +68.2% |
| Furniture and vehicles | 24 | €17,646 | €5,142 | -€12,504 | -70.9% |
| Other tangible fixed assets | 26 | €1,448 | €22,603 | +€21,155 | +1460.5% |
| Current assets | 29/58 | €166,912 | €191,719 | +€24,807 | +14.9% |
| Stocks and contracts in progress | 3 | €42,352 | €46,378 | +€4,026 | +9.5% |
| Stocks | 30/36 | €42,352 | €46,378 | +€4,026 | +9.5% |
| Amounts receivable within one year | 40/41 | €117,182 | €114,933 | -€2,248 | -1.9% |
| Trade receivables | 40 | €88,596 | €91,208 | +€2,613 | +2.9% |
| Other amounts receivable | 41 | €28,586 | €23,725 | -€4,861 | -17.0% |
| Cash at bank and in hand | 54/58 | €6,893 | €30,387 | +€23,494 | +340.8% |
| Deferred charges and accrued income | 490/1 | €486 | €21 | -€464 | -95.6% |
| Total equity and liabilities | 10/49 | €188,140 | €224,702 | +€36,562 | +19.4% |
| Equity | 10/15 | €30,321 | €30,936 | +€616 | +2.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €16,222 | €16,222 | = | 0.0% |
| Non-distributable reserves | 130/1 | €658 | €658 | = | 0.0% |
| Reserves not available under the articles | 1311 | €658 | €658 | = | 0.0% |
| Distributable reserves | 133 | €15,564 | €15,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,901 | -€25,286 | +€616 | +2.4% |
| Amounts payable | 17/49 | €157,819 | €193,766 | +€35,946 | +22.8% |
| Amounts payable after more than one year | 17 | €5,290 | €42,674 | +€37,384 | +706.8% |
| Financial debts | 170/4 | €5,290 | €42,674 | +€37,384 | +706.8% |
| Amounts payable within one year | 42/48 | €152,530 | €151,092 | -€1,438 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €12,471 | €11,592 | -€879 | -7.0% |
| Financial debts | 43 | €20,000 | €26,000 | +€6,000 | +30.0% |
| Credit institutions | 430/8 | €20,000 | €26,000 | +€6,000 | +30.0% |
| Trade debts | 44 | €53,547 | €45,372 | -€8,175 | -15.3% |
| Suppliers | 440/4 | €53,547 | €45,372 | -€8,175 | -15.3% |
| Advances received on contracts in progress | 46 | €21,012 | €23,012 | +€2,000 | +9.5% |
| Taxes, remuneration and social security | 45 | €10,227 | €8,187 | -€2,041 | -20.0% |
| Taxes | 450/3 | €5,118 | €2,418 | -€2,700 | -52.8% |
| Remuneration and social security | 454/9 | €5,109 | €5,769 | +€660 | +12.9% |
| Other amounts payable | 47/48 | €35,273 | €36,930 | +€1,657 | +4.7% |
| Remuneration, social security and pensions | 62 | €27,006 | €29,722 | +€2,716 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,111 | €14,077 | +€966 | +7.4% |
| Other operating charges | 640/8 | €3,112 | €4,450 | +€1,338 | +43.0% |
| Gross operating margin | 9900 | €55,127 | €58,150 | +€3,022 | +5.5% |
| Operating profit (loss) | 9901 | €11,899 | €9,901 | -€1,998 | -16.8% |
| Financial income | 75/76B | €713 | €1,512 | +€799 | +112.0% |
| Recurring financial income | 75 | €713 | €1,512 | +€799 | +112.0% |
| Financial charges | 65/66B | €7,187 | €8,385 | +€1,198 | +16.7% |
| Recurring financial charges | 65 | €7,187 | €8,385 | +€1,198 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €5,425 | €3,028 | -€2,397 | -44.2% |
| Income taxes | 67/77 | €721 | €2,412 | +€1,691 | +234.4% |
| Profit (loss) for the period | 9904 | €4,704 | €616 | -€4,088 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,704 | €616 | -€4,088 | -86.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.