GRIET & JO: 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.
GRIET & JO
Largest movements
- Cash -€2,292
down €2,292 (-82.4%), from €2,782 to €490
mainly Current portion of long-term debt (-€12,860) and Net result for the year (-€3,247)
- Receivables within one year -€1,728
down €1,728 (-3.8%), from €45,598 to €43,870
of which Other amounts receivable: -€1,118
- Other debts +€14,847
up €14,847 (+2.2%), from €663,072 to €677,919
- Current portion of long-term debt -€12,860
down €12,860 (-100%), from €12,860 to €0
- Profit (loss) carried forward -€3,247
down €3,247 (-0.5%), from -€671,946 to -€675,193
- Short-term financial debts -€1,502
down €1,502 (-100%), from €1,502 to €0
- Staff costs -€12,680
down €12,680 (-100%), from €12,680 to €0
- Gross operating margin +€7,710
up €7,710 (+76.3%), from -€10,101 to -€2,391
- Financial charges -€1,236
down €1,236 (-79.0%), from €1,565 to €329
- Taxes -€473
down €473 (-100%), from €473 to €0
- Other operating charges -€242
down €242 (-31.4%), from €770 to €528
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 | €54,670 | €51,120 | -€3,551 | -6.5% |
| Fixed assets | 21/28 | €6,240 | €6,760 | +€520 | +8.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €6,240 | €6,760 | +€520 | +8.3% |
| Current assets | 29/58 | €48,430 | €44,360 | -€4,071 | -8.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €45,598 | €43,870 | -€1,728 | -3.8% |
| Trade receivables | 40 | €610 | €0 | -€610 | -100% |
| Other amounts receivable | 41 | €44,988 | €43,870 | -€1,118 | -2.5% |
| Cash at bank and in hand | 54/58 | €2,782 | €490 | -€2,292 | -82.4% |
| Deferred charges and accrued income | 490/1 | €50 | €0 | -€50 | -100% |
| Total equity and liabilities | 10/49 | €54,670 | €51,120 | -€3,551 | -6.5% |
| Equity | 10/15 | -€623,646 | -€626,893 | -€3,247 | -0.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €18,300 | €18,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €15,300 | €15,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€671,946 | -€675,193 | -€3,247 | -0.5% |
| Amounts payable | 17/49 | €678,316 | €678,013 | -€303 | 0.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €678,316 | €678,013 | -€303 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €12,860 | €0 | -€12,860 | -100% |
| Financial debts | 43 | €1,502 | €0 | -€1,502 | -100% |
| Credit institutions | 430/8 | €1,502 | €0 | -€1,502 | -100% |
| Trade debts | 44 | €339 | €24 | -€315 | -92.9% |
| Suppliers | 440/4 | €339 | €24 | -€315 | -92.9% |
| Taxes, remuneration and social security | 45 | €543 | €70 | -€473 | -87.1% |
| Taxes | 450/3 | €543 | €70 | -€473 | -87.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €663,072 | €677,919 | +€14,847 | +2.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €22,979 | €0 | -€22,979 | -100% |
| Remuneration, social security and pensions | 62 | €12,680 | €0 | -€12,680 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €770 | €528 | -€242 | -31.4% |
| Non-recurring operating charges | 66A | €180,183 | €0 | -€180,183 | -100% |
| Gross operating margin | 9900 | -€10,101 | -€2,391 | +€7,710 | +76.3% |
| Operating profit (loss) | 9901 | -€203,733 | -€2,919 | +€200,814 | +98.6% |
| Financial income | 75/76B | €191 | €0 | -€191 | -100% |
| Recurring financial income | 75 | €191 | €0 | -€191 | -100% |
| Financial charges | 65/66B | €1,565 | €329 | -€1,236 | -79.0% |
| Recurring financial charges | 65 | €1,565 | €329 | -€1,236 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | -€205,107 | -€3,247 | +€201,860 | +98.4% |
| Income taxes | 67/77 | €473 | €0 | -€473 | -100% |
| Profit (loss) for the period | 9904 | -€205,580 | -€3,247 | +€202,333 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€205,580 | -€3,247 | +€202,333 | +98.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.