Griet Van Brussel: 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 Van Brussel
Largest movements
- Receivables within one year +€260,259
up €260,259 (+841%), from €30,958 to €291,216
- Current investments +€39,429
up €39,429 (+17.7%), from €222,344 to €261,774
- Cash -€32,611
down €32,611 (-27.9%), from €116,853 to €84,242
mainly Receivables within one year (-€260,259) and Current investments (-€39,429)
- Tangible fixed assets -€7,187
down €7,187 (-30.9%), from €23,297 to €16,110
of which Furniture and vehicles: -€7,187
- Reserves +€264,486
up €264,486 (+69.1%), from €382,770 to €647,257
- Debts after one year -€7,728
down €7,728 (-52.0%), from €14,860 to €7,132
- Financial income +€217,437
up €217,437 (+3,476%), from €6,255 to €223,692
- Taxes +€18,542
up €18,542 (+45.0%), from €41,183 to €59,725
- Gross operating margin -€4,684
down €4,684 (-3.3%), from €142,249 to €137,566
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 | €425,401 | €685,825 | +€260,424 | +61.2% |
| Fixed assets | 21/28 | €50,647 | €43,460 | -€7,187 | -14.2% |
| Tangible fixed assets | 22/27 | €23,297 | €16,110 | -€7,187 | -30.9% |
| Furniture and vehicles | 24 | €22,762 | €15,575 | -€7,187 | -31.6% |
| Other tangible fixed assets | 26 | €535 | €535 | = | 0.0% |
| Financial fixed assets | 28 | €27,350 | €27,350 | = | 0.0% |
| Current assets | 29/58 | €374,754 | €642,365 | +€267,612 | +71.4% |
| Amounts receivable within one year | 40/41 | €30,958 | €291,216 | +€260,259 | +841% |
| Other amounts receivable | 41 | €30,958 | €291,216 | +€260,259 | +841% |
| Current investments | 50/53 | €222,344 | €261,774 | +€39,429 | +17.7% |
| Cash at bank and in hand | 54/58 | €116,853 | €84,242 | -€32,611 | -27.9% |
| Deferred charges and accrued income | 490/1 | €4,599 | €5,133 | +€534 | +11.6% |
| Total equity and liabilities | 10/49 | €425,401 | €685,825 | +€260,424 | +61.2% |
| Equity | 10/15 | €395,270 | €659,757 | +€264,486 | +66.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €382,770 | €647,257 | +€264,486 | +69.1% |
| Distributable reserves | 133 | €382,770 | €647,257 | +€264,486 | +69.1% |
| Amounts payable | 17/49 | €30,130 | €26,069 | -€4,062 | -13.5% |
| Amounts payable after more than one year | 17 | €14,860 | €7,132 | -€7,728 | -52.0% |
| Financial debts | 170/4 | €14,860 | €7,132 | -€7,728 | -52.0% |
| Amounts payable within one year | 42/48 | €15,271 | €18,936 | +€3,666 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €7,672 | €7,728 | +€55 | +0.7% |
| Trade debts | 44 | €1,064 | €1,328 | +€264 | +24.8% |
| Suppliers | 440/4 | €1,064 | €1,328 | +€264 | +24.8% |
| Taxes, remuneration and social security | 45 | €6,534 | €9,880 | +€3,346 | +51.2% |
| Taxes | 450/3 | €6,534 | €9,880 | +€3,346 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,710 | €8,106 | +€396 | +5.1% |
| Other operating charges | 640/8 | €1,201 | €1,359 | +€158 | +13.1% |
| Gross operating margin | 9900 | €142,249 | €137,566 | -€4,684 | -3.3% |
| Operating profit (loss) | 9901 | €133,338 | €128,101 | -€5,238 | -3.9% |
| Financial income | 75/76B | €6,255 | €223,692 | +€217,437 | +3,476% |
| Recurring financial income | 75 | €6,255 | €223,692 | +€217,437 | +3,476% |
| Financial charges | 65/66B | €277 | €224 | -€53 | -19.3% |
| Recurring financial charges | 65 | €277 | €224 | -€53 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €139,316 | €351,569 | +€212,253 | +152% |
| Income taxes | 67/77 | €41,183 | €59,725 | +€18,542 | +45.0% |
| Profit (loss) for the period | 9904 | €98,133 | €291,844 | +€193,711 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €98,133 | €291,844 | +€193,711 | +197% |
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.