GREYSON MANAGEMENT: 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.
GREYSON MANAGEMENT
Largest movements
- Current investments +€99,862
new in 2025: €99,862
- Cash -€93,717
down €93,717 (-79.2%), from €118,317 to €24,600
mainly Contributions, distributions and other (-€191,335) and Current investments (-€99,862)
- Tangible fixed assets -€13,556
down €13,556 (-34.8%), from €38,989 to €25,432
- Reserves -€140,673
down €140,673 (-99.5%), from €141,335 to €662
- Other debts +€137,535
up €137,535 (+2,006%), from €6,858 to €144,392
- Tax, wage and social debts -€5,078
down €5,078 (-50.3%), from €10,092 to €5,014
- Gross operating margin +€4,525
up €4,525 (+6.1%), from €74,576 to €79,101
- Depreciation +€1,656
up €1,656 (+13.9%), from €11,900 to €13,556
- Taxes +€885
up €885 (+6.8%), from €12,998 to €13,883
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 | €160,285 | €152,116 | -€8,169 | -5.1% |
| Fixed assets | 21/28 | €38,989 | €25,432 | -€13,556 | -34.8% |
| Tangible fixed assets | 22/27 | €38,989 | €25,432 | -€13,556 | -34.8% |
| Furniture and vehicles | 24 | €38,989 | €25,432 | -€13,556 | -34.8% |
| Current assets | 29/58 | €121,296 | €126,683 | +€5,387 | +4.4% |
| Amounts receivable within one year | 40/41 | €2,002 | €1,117 | -€885 | -44.2% |
| Other amounts receivable | 41 | €2,002 | €1,117 | -€885 | -44.2% |
| Current investments | 50/53 | - | €99,862 | +€99,862 | |
| Cash at bank and in hand | 54/58 | €118,317 | €24,600 | -€93,717 | -79.2% |
| Deferred charges and accrued income | 490/1 | €977 | €1,105 | +€127 | +13.0% |
| Total equity and liabilities | 10/49 | €160,285 | €152,116 | -€8,169 | -5.1% |
| Equity | 10/15 | €143,335 | €2,662 | -€140,673 | -98.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €141,335 | €662 | -€140,673 | -99.5% |
| Distributable reserves | 133 | €141,335 | €662 | -€140,673 | -99.5% |
| Amounts payable | 17/49 | €16,950 | €149,454 | +€132,504 | +782% |
| Amounts payable within one year | 42/48 | €16,950 | €149,454 | +€132,504 | +782% |
| Trade debts | 44 | - | €47 | +€47 | |
| Suppliers | 440/4 | - | €47 | +€47 | |
| Taxes, remuneration and social security | 45 | €10,092 | €5,014 | -€5,078 | -50.3% |
| Taxes | 450/3 | €10,092 | €5,014 | -€5,078 | -50.3% |
| Other amounts payable | 47/48 | €6,858 | €144,392 | +€137,535 | +2,006% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,900 | €13,556 | +€1,656 | +13.9% |
| Other operating charges | 640/8 | €639 | €656 | +€17 | +2.6% |
| Gross operating margin | 9900 | €74,576 | €79,101 | +€4,525 | +6.1% |
| Operating profit (loss) | 9901 | €62,037 | €64,889 | +€2,852 | +4.6% |
| Financial charges | 65/66B | €279 | €344 | +€65 | +23.3% |
| Recurring financial charges | 65 | €279 | €344 | +€65 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €61,759 | €64,545 | +€2,787 | +4.5% |
| Income taxes | 67/77 | €12,998 | €13,883 | +€885 | +6.8% |
| Profit (loss) for the period | 9904 | €48,761 | €50,662 | +€1,901 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,761 | €50,662 | +€1,901 | +3.9% |
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 16 October 2026 via checked.be.