GREVESSE GLOBAL: 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.
What changed
GREVESSE GLOBAL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,455
2024 · €2,095+€1,361
Equity
€157,627
2024 · €154,171+€3,455
Cash
€8,057
2024 · €6,250+€1,807
Balance sheet total
€765,726
2024 · €789,977-€24,250
Largest movements
Assets
- Tangible fixed assets -€16,677
down €16,677 (-2.2%), from €747,878 to €731,201
of which Land and buildings: -€34,270
- Receivables within one year -€9,476
down €9,476 (-26.9%), from €35,197 to €25,721
of which Trade receivables: -€14,572
Equity and liabilities
- Debts after one year -€51,218
down €51,218 (-10.2%), from €502,175 to €450,957
Income statement
- Gross operating margin +€4,947
up €4,947 (+7.4%), from €66,574 to €71,521
- Depreciation +€2,091
up €2,091 (+5.0%), from €41,651 to €43,742
- Taxes +€1,395
up €1,395 (+171%), from €815 to €2,210
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.
Result 2024
€2,095
Gross operating margin
+€4,947
Depreciation
-€2,091
Other operating charges
-€561
Financial income
+€139
Financial charges
+€322
Taxes
-€1,395
Result 2025
€3,455
raises the resultlowers the result
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.
From operations
+€73,880
Investment
-€27,065
Financing
-€45,009
Cash 2024
€6,250
From operations (derived)
+€73,880
Net result for the year
+€3,455
Depreciation
+€43,742
Receivables within one year
+€9,476
Deferred charges and accrued income
-€95
Trade debts
+€5,530
Tax, wage and social debts
+€3,335
Other debts
+€7,124
Accrued charges and deferred income
+€1,313
Investment (derived)
-€27,065
Investment in fixed assets (net)
-€27,065
Financing
-€45,009
Debts after one year
-€51,218
Current portion of long-term debt
+€6,209
Cash 2025
€8,057
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €789,977 | €765,726 | -€24,250 | -3.1% |
| Fixed assets | 21/28 | €747,878 | €731,201 | -€16,677 | -2.2% |
| Tangible fixed assets | 22/27 | €747,878 | €731,201 | -€16,677 | -2.2% |
| Land and buildings | 22 | €747,878 | €713,608 | -€34,270 | -4.6% |
| Furniture and vehicles | 24 | - | €3,234 | +€3,234 | |
| Other tangible fixed assets | 26 | - | €14,358 | +€14,358 | |
| Current assets | 29/58 | €42,099 | €34,525 | -€7,573 | -18.0% |
| Amounts receivable within one year | 40/41 | €35,197 | €25,721 | -€9,476 | -26.9% |
| Trade receivables | 40 | €35,172 | €20,600 | -€14,572 | -41.4% |
| Other amounts receivable | 41 | €25 | €5,121 | +€5,096 | +20,468% |
| Cash at bank and in hand | 54/58 | €6,250 | €8,057 | +€1,807 | +28.9% |
| Deferred charges and accrued income | 490/1 | €651 | €747 | +€95 | +14.7% |
| Total equity and liabilities | 10/49 | €789,977 | €765,726 | -€24,250 | -3.1% |
| Equity | 10/15 | €154,171 | €157,627 | +€3,455 | +2.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | €65,021 | €62,522 | -€2,499 | -3.8% |
| Reserves | 13 | €27,213 | €29,712 | +€2,499 | +9.2% |
| Distributable reserves | 133 | €27,213 | €29,712 | +€2,499 | +9.2% |
| Profit (loss) carried forward | 14 | €31,937 | €35,392 | +€3,455 | +10.8% |
| Amounts payable | 17/49 | €635,806 | €608,100 | -€27,706 | -4.4% |
| Amounts payable after more than one year | 17 | €502,175 | €450,957 | -€51,218 | -10.2% |
| Financial debts | 170/4 | €502,175 | €450,957 | -€51,218 | -10.2% |
| Amounts payable within one year | 42/48 | €133,611 | €155,809 | +€22,199 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €49,184 | €55,393 | +€6,209 | +12.6% |
| Trade debts | 44 | €18,747 | €24,277 | +€5,530 | +29.5% |
| Suppliers | 440/4 | €18,747 | €24,277 | +€5,530 | +29.5% |
| Taxes, remuneration and social security | 45 | €1,450 | €4,785 | +€3,335 | +230% |
| Taxes | 450/3 | €1,450 | €4,785 | +€3,335 | +230% |
| Other amounts payable | 47/48 | €64,230 | €71,354 | +€7,124 | +11.1% |
| Accrued charges and deferred income | 492/3 | €20 | €1,333 | +€1,313 | +6,597% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,651 | €43,742 | +€2,091 | +5.0% |
| Other operating charges | 640/8 | €244 | €805 | +€561 | +230% |
| Gross operating margin | 9900 | €66,574 | €71,521 | +€4,947 | +7.4% |
| Operating profit (loss) | 9901 | €24,680 | €26,975 | +€2,295 | +9.3% |
| Financial income | 75/76B | - | €139 | +€139 | |
| Recurring financial income | 75 | - | €139 | +€139 | |
| Financial charges | 65/66B | €21,770 | €21,448 | -€322 | -1.5% |
| Recurring financial charges | 65 | €21,770 | €21,448 | -€322 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €2,910 | €5,665 | +€2,756 | +94.7% |
| Income taxes | 67/77 | €815 | €2,210 | +€1,395 | +171% |
| Profit (loss) for the period | 9904 | €2,095 | €3,455 | +€1,361 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,095 | €3,455 | +€1,361 | +65.0% |
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 20 October 2026 via checked.be.