GREVIC: what changed
What changed
GREVIC
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€740,442
2024 · -€109,807+€850,249
Equity
€10.5m
2024 · €9.8m+€740,442
Cash
€27,909
2024 · €75,195-€47,286
Balance sheet total
€13.8m
2024 · €13.9m-€177,731
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€838,255
down €838,255 (-35.2%), from €2.4m to €1.5m
- Profit (loss) carried forward +€740,442
up €740,442 (+8.0%), from €9.3m to €10.0m
Income statement
- Financial income +€864,839
up €864,839 (+336,802%), from €257 to €865,096
- Gross operating margin -€26,092
down €26,092 (-10.8%), from €241,814 to €215,722
- Financial charges -€14,460
down €14,460 (-6.7%), from €216,045 to €201,585
- Other operating charges -€7,085
down €7,085 (-61.8%), from €11,468 to €4,383
- Depreciation +€6,917
up €6,917 (+5.8%), from €119,957 to €126,874
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€109,807
Gross operating margin
-€26,092
Depreciation
-€6,917
Other operating charges
+€7,085
Other operating items
-€1,721
Financial income
+€864,839
Financial charges
+€14,460
Taxes
-€1,405
Result 2025
€740,442
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12,121
Investment
-€17,813
Financing
-€41,595
Cash 2024
€75,195
From operations (derived)
+€12,121
Net result for the year
+€740,442
Depreciation
+€126,874
Receivables within one year
+€21,383
Trade debts
-€34,458
Tax, wage and social debts
-€68
Other debts
-€838,255
Accrued charges and deferred income
-€3,797
Investment (derived)
-€17,813
Investment in fixed assets (net)
-€17,813
Financing
-€41,595
Debts after one year
-€31,409
Current portion of long-term debt
+€2,351
Short-term financial debts
-€12,537
Cash 2025
€27,909
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,944,950 | €13,767,219 | -€177,731 | -1.3% |
| Fixed assets | 21/28 | €13,811,934 | €13,702,873 | -€109,061 | -0.8% |
| Tangible fixed assets | 22/27 | €1,921,309 | €1,812,198 | -€109,111 | -5.7% |
| Land and buildings | 22 | €1,553,432 | €1,493,313 | -€60,118 | -3.9% |
| Furniture and vehicles | 24 | €349,377 | €300,384 | -€48,993 | -14.0% |
| Other tangible fixed assets | 26 | €18,500 | €18,500 | = | 0.0% |
| Financial fixed assets | 28 | €11,890,625 | €11,890,675 | +€50 | 0.0% |
| Current assets | 29/58 | €133,016 | €64,347 | -€68,670 | -51.6% |
| Amounts receivable within one year | 40/41 | €57,821 | €36,438 | -€21,383 | -37.0% |
| Trade receivables | 40 | €13,440 | €12,047 | -€1,393 | -10.4% |
| Other amounts receivable | 41 | €44,381 | €24,391 | -€19,990 | -45.0% |
| Cash at bank and in hand | 54/58 | €75,195 | €27,909 | -€47,286 | -62.9% |
| Total equity and liabilities | 10/49 | €13,944,950 | €13,767,219 | -€177,731 | -1.3% |
| Equity | 10/15 | €9,755,524 | €10,495,966 | +€740,442 | +7.6% |
| Contributions | 10/11 | €438,552 | €438,552 | = | 0.0% |
| Reserves | 13 | €34,050 | €34,050 | = | 0.0% |
| Distributable reserves | 133 | €34,050 | €34,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,282,922 | €10,023,364 | +€740,442 | +8.0% |
| Amounts payable | 17/49 | €4,189,426 | €3,271,253 | -€918,173 | -21.9% |
| Amounts payable after more than one year | 17 | €1,557,820 | €1,526,411 | -€31,409 | -2.0% |
| Financial debts | 170/4 | €943,537 | €882,331 | -€61,206 | -6.5% |
| Other amounts payable | 178/9 | €614,283 | €644,080 | +€29,797 | +4.9% |
| Amounts payable within one year | 42/48 | €2,537,497 | €1,654,531 | -€882,966 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €58,855 | €61,206 | +€2,351 | +4.0% |
| Financial debts | 43 | €12,537 | - | -€12,537 | |
| Credit institutions | 430/8 | €12,537 | - | -€12,537 | |
| Trade debts | 44 | €42,336 | €7,879 | -€34,458 | -81.4% |
| Suppliers | 440/4 | €42,336 | €7,879 | -€34,458 | -81.4% |
| Taxes, remuneration and social security | 45 | €43,181 | €43,113 | -€68 | -0.2% |
| Taxes | 450/3 | €43,181 | €43,113 | -€68 | -0.2% |
| Other amounts payable | 47/48 | €2,380,588 | €1,542,333 | -€838,255 | -35.2% |
| Accrued charges and deferred income | 492/3 | €94,109 | €90,312 | -€3,797 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,957 | €126,874 | +€6,917 | +5.8% |
| Other operating charges | 640/8 | €11,468 | €4,383 | -€7,085 | -61.8% |
| Non-recurring operating charges | 66A | €5,737 | €7,458 | +€1,721 | +30.0% |
| Gross operating margin | 9900 | €241,814 | €215,722 | -€26,092 | -10.8% |
| Operating profit (loss) | 9901 | €104,652 | €77,008 | -€27,644 | -26.4% |
| Financial income | 75/76B | €257 | €865,096 | +€864,839 | +336,802% |
| Recurring financial income | 75 | €257 | €865,096 | +€864,839 | +336,802% |
| Financial charges | 65/66B | €216,045 | €201,585 | -€14,460 | -6.7% |
| Recurring financial charges | 65 | €216,045 | €201,585 | -€14,460 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€111,136 | €740,519 | +€851,655 | |
| Income taxes | 67/77 | -€1,328 | €77 | +€1,405 | |
| Profit (loss) for the period | 9904 | -€109,807 | €740,442 | +€850,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€109,807 | €740,442 | +€850,249 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.