GREWAL en CO: 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.
GREWAL en CO
Largest movements
- Tangible fixed assets -€25,320
down €25,320 (-4.0%), from €629,158 to €603,838
of which Land and buildings: -€25,106
- Cash +€9,005
up €9,005 (+33.2%), from €27,125 to €36,131
mainly Depreciation (+€25,320) and Current portion of long-term debt (+€485)
- Debts after one year -€9,740
down €9,740 (-3.6%), from €268,528 to €258,788
- Gross operating margin +€13,724
up €13,724 (+37.4%), from €36,702 to €50,426
- Other operating charges -€10,610
down €10,610 (-46.0%), from €23,079 to €12,470
- Taxes -€4,408
down €4,408 (-100%), from €4,408 to €0
- Financial charges -€547
down €547 (-3.7%), from €14,776 to €14,229
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 | €734,819 | €723,879 | -€10,940 | -1.5% |
| Fixed assets | 21/28 | €629,158 | €603,838 | -€25,320 | -4.0% |
| Tangible fixed assets | 22/27 | €629,158 | €603,838 | -€25,320 | -4.0% |
| Land and buildings | 22 | €628,302 | €603,196 | -€25,106 | -4.0% |
| Other tangible fixed assets | 26 | €856 | €642 | -€214 | -25.0% |
| Current assets | 29/58 | €105,661 | €120,041 | +€14,381 | +13.6% |
| Amounts receivable within one year | 40/41 | €73,061 | €78,395 | +€5,334 | +7.3% |
| Trade receivables | 40 | €35,539 | €35,539 | = | 0.0% |
| Other amounts receivable | 41 | €37,522 | €42,856 | +€5,334 | +14.2% |
| Current investments | 50/53 | €3,672 | €3,672 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,125 | €36,131 | +€9,005 | +33.2% |
| Deferred charges and accrued income | 490/1 | €1,802 | €1,843 | +€41 | +2.3% |
| Total equity and liabilities | 10/49 | €734,819 | €723,879 | -€10,940 | -1.5% |
| Equity | 10/15 | €195,049 | €193,639 | -€1,409 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,158 | €174,158 | -€2,000 | -1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,298 | €13,298 | = | 0.0% |
| Distributable reserves | 133 | €161,000 | €159,000 | -€2,000 | -1.2% |
| Profit (loss) carried forward | 14 | €291 | €882 | +€591 | +203% |
| Amounts payable | 17/49 | €539,770 | €530,240 | -€9,530 | -1.8% |
| Amounts payable after more than one year | 17 | €268,528 | €258,788 | -€9,740 | -3.6% |
| Financial debts | 170/4 | €268,528 | €258,788 | -€9,740 | -3.6% |
| Amounts payable within one year | 42/48 | €271,241 | €271,452 | +€210 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €9,255 | €9,740 | +€485 | +5.2% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €21,327 | €21,052 | -€275 | -1.3% |
| Suppliers | 440/4 | €21,327 | €21,052 | -€275 | -1.3% |
| Other amounts payable | 47/48 | €240,659 | €240,659 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,320 | €25,320 | -€0 | 0.0% |
| Other operating charges | 640/8 | €23,079 | €12,470 | -€10,610 | -46.0% |
| Gross operating margin | 9900 | €36,702 | €50,426 | +€13,724 | +37.4% |
| Operating profit (loss) | 9901 | -€11,698 | €12,636 | +€24,334 | |
| Financial income | 75/76B | €243 | €183 | -€59 | -24.5% |
| Recurring financial income | 75 | €243 | €183 | -€59 | -24.5% |
| Financial charges | 65/66B | €14,776 | €14,229 | -€547 | -3.7% |
| Recurring financial charges | 65 | €14,776 | €14,229 | -€547 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,231 | -€1,409 | +€24,822 | +94.6% |
| Income taxes | 67/77 | €4,408 | €0 | -€4,408 | -100% |
| Profit (loss) for the period | 9904 | -€30,639 | -€1,409 | +€29,230 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,639 | -€1,409 | +€29,230 | +95.4% |
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 31 October 2026 via checked.be.