GRICI: 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.
GRICI
Largest movements
- Receivables within one year +€53,099
up €53,099 (+17.8%), from €298,286 to €351,384
of which Other amounts receivable: +€51,944
- Tangible fixed assets -€34,477
down €34,477 (-6.2%), from €558,315 to €523,838
of which Land and buildings: -€31,108
- Tax, wage and social debts -€66,255
down €66,255 (-58.1%), from €113,984 to €47,729
- Reserves +€60,183
up €60,183 (+17.6%), from €341,018 to €401,201
of which Distributable reserves: +€60,299
- Current portion of long-term debt +€31,327
up €31,327 (+133%), from €23,567 to €54,894
- Short-term financial debts +€12,273
up €12,273 (+16.4%), from €75,000 to €87,273
- Debts after one year -€11,730
down €11,730 (-7.0%), from €168,221 to €156,490
- Gross operating margin -€16,208
down €16,208 (-10.6%), from €152,437 to €136,229
- Financial income +€15,195
up €15,195 (+7,597,615%), from €0 to €15,195
- Financial charges +€12,122
up €12,122 (+158%), from €7,682 to €19,804
- Taxes -€1,979
down €1,979 (-6.3%), from €31,656 to €29,677
- Other operating charges -€1,614
down €1,614 (-50.1%), from €3,223 to €1,609
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 | €870,021 | €896,141 | +€26,120 | +3.0% |
| Fixed assets | 21/28 | €558,315 | €523,838 | -€34,477 | -6.2% |
| Tangible fixed assets | 22/27 | €558,315 | €523,838 | -€34,477 | -6.2% |
| Land and buildings | 22 | €546,112 | €515,004 | -€31,108 | -5.7% |
| Plant, machinery and equipment | 23 | €7,436 | €6,257 | -€1,178 | -15.8% |
| Furniture and vehicles | 24 | €4,768 | €2,577 | -€2,191 | -45.9% |
| Current assets | 29/58 | €311,705 | €372,302 | +€60,597 | +19.4% |
| Amounts receivable within one year | 40/41 | €298,286 | €351,384 | +€53,099 | +17.8% |
| Trade receivables | 40 | €40,040 | €41,195 | +€1,155 | +2.9% |
| Other amounts receivable | 41 | €258,246 | €310,190 | +€51,944 | +20.1% |
| Cash at bank and in hand | 54/58 | €11,031 | €19,442 | +€8,411 | +76.3% |
| Deferred charges and accrued income | 490/1 | €2,389 | €1,476 | -€913 | -38.2% |
| Total equity and liabilities | 10/49 | €870,021 | €896,141 | +€26,120 | +3.0% |
| Equity | 10/15 | €441,018 | €501,201 | +€60,183 | +13.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €341,018 | €401,201 | +€60,183 | +17.6% |
| Non-distributable reserves | 130/1 | €10,000 | €9,884 | -€116 | -1.2% |
| Legal reserve | 130 | €10,000 | €9,884 | -€116 | -1.2% |
| Distributable reserves | 133 | €331,018 | €391,317 | +€60,299 | +18.2% |
| Amounts payable | 17/49 | €429,003 | €394,940 | -€34,063 | -7.9% |
| Amounts payable after more than one year | 17 | €168,221 | €156,490 | -€11,730 | -7.0% |
| Financial debts | 170/4 | €168,221 | €156,490 | -€11,730 | -7.0% |
| Amounts payable within one year | 42/48 | €260,782 | €238,449 | -€22,333 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €23,567 | €54,894 | +€31,327 | +133% |
| Financial debts | 43 | €75,000 | €87,273 | +€12,273 | +16.4% |
| Credit institutions | 430/8 | €75,000 | €87,273 | +€12,273 | +16.4% |
| Trade debts | 44 | €15,908 | €5,304 | -€10,604 | -66.7% |
| Suppliers | 440/4 | €15,908 | €5,304 | -€10,604 | -66.7% |
| Taxes, remuneration and social security | 45 | €113,984 | €47,729 | -€66,255 | -58.1% |
| Taxes | 450/3 | €113,984 | €47,729 | -€66,255 | -58.1% |
| Other amounts payable | 47/48 | €32,323 | €43,249 | +€10,927 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,486 | €36,115 | -€371 | -1.0% |
| Other operating charges | 640/8 | €3,223 | €1,609 | -€1,614 | -50.1% |
| Non-recurring operating charges | 66A | - | €4,036 | +€4,036 | |
| Gross operating margin | 9900 | €152,437 | €136,229 | -€16,208 | -10.6% |
| Operating profit (loss) | 9901 | €112,728 | €94,469 | -€18,259 | -16.2% |
| Financial income | 75/76B | €0 | €15,195 | +€15,195 | +7,597,615% |
| Recurring financial income | 75 | €0 | €15,195 | +€15,195 | +7,597,615% |
| Financial charges | 65/66B | €7,682 | €19,804 | +€12,122 | +158% |
| Recurring financial charges | 65 | €7,682 | €19,804 | +€12,122 | +158% |
| Profit (loss) for the period before taxes | 9903 | €105,047 | €89,860 | -€15,187 | -14.5% |
| Income taxes | 67/77 | €31,656 | €29,677 | -€1,979 | -6.3% |
| Profit (loss) for the period | 9904 | €73,391 | €60,183 | -€13,208 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,391 | €60,183 | -€13,208 | -18.0% |
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 30 October 2026 via checked.be.